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《大行報告》中金下調嗶哩嗶哩-W(09626.HK)目標價至124元 料第三季非通用會計準則淨虧損9.12億人民幣
中金發表研究報告指,嗶哩嗶哩-W(09626.HK)(BILI.US)將於11月底公布第三季業績,預計收入將按年增長0.7%至58.32億元人民幣,符合市場普遍預期的58.26億元人民幣;非通用會計準則下,經營虧損預測達到8.36億元人民幣,淨虧損則預期達到9.12億元人民幣,虧損率約15.6%,對比市場預期虧損為7.66億元人民幣。 計及外部廣告環境逐步復甦,以及遊戲產品發布的影響,中金將嗶哩嗶哩今明兩年收入預測下調1.6%及4.3%,至226.47億及268.62億元人民幣,並將今年度非通用會計準則下淨虧損由33.95億元人民幣調整為35.82億元人民幣,維持明年預測不變。 中金指出,嗶哩嗶哩廣告業務收入穩健增長,關注焦點遊戲產品未來發布進展,同時預期公司降本增效措施正穩步推進,有望提升整體盈利能力。該行維持對嗶哩嗶哩的「跑贏行業」評級,因應行業估值中樞下移,目標價降至124元。
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