《大行報告》野村降嗶哩嗶哩(BILI.US)目標價至18美元 料第三季較弱
野村發表報告指出,由於嗶哩嗶哩(09626.HK)(BILI.US)旗下手遊《賽馬娘》於內地延後推出,估計公司第三季業績及第四季收入指引或差過市場預期,料第三季收入按年跌2%至57億元人民幣,較市場預期的58億元人民幣低約2%。非通用會計準則淨虧損按年收窄58%至7.4億元人民幣,略好過市場預期的虧損7.75億元人民幣。
該行指出,嗶哩嗶哩網遊業務或是一個弱項,預計按年跌35%,佔公司總收入比重降至17%,相對於一年前佔比為25%。事實上,公司網遊業務一直受舊遊戲老化的困擾,最新的遊戲又未能填補舊遊戲造成的空白。雖然公司於8月份發布《賽馬娘》的首幾日已很受歡迎,惟其後突然從應用程式商店下架。
因此,該行對嗶哩嗶哩第四季遊戲收入預測,調整至按年下跌1%,相對於原預測為按年增長21%。該行維持對嗶哩嗶哩美股「買入」評級,目標價由20美元降至18美元。
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