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《大行報告》交銀國際下調嗶哩嗶哩-W(09626.HK)目標價至123元 評級「買入」
交銀國際發表報告指,市場數據顯示嗶哩嗶哩-W(09626.HK)(BILI.US)第三季平台流量增長16%,日活躍用戶數量及用戶日均使用時長分別按年增13%及3%,預測第三季收入將按年增長1%至58億元人民幣,與市場普遍預期相若。 其中,廣告及增值服務(VAS)業務料穩健,收入料增長25%及18%,遊戲業務則繼續受壓。該行預計,第三季經調整淨虧損將達到7.6億元人民幣,較去年同期的17.6億元人民幣及今年第二季的9.6億元人民幣進一步收窄。 考慮到焦點手遊《閃耀!優俊少女》仍未恢復下載,其他新手遊《千年之旅》、《搖光錄》、《斯露德》等表現偏軟,交銀國際下調B站第四季遊戲收入預測28%至8.9億元人民幣,相應亦將今明兩年收入預測下調2%,維持「買入」評級,H股目標價則降至123元。
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