《大行報告》富瑞下調金山軟件(03888.HK)目標價至34元 全年線上遊戲前景穩健
富瑞發表研究報告指,金山軟件(03888.HK)第三季收入為21億元人民幣,按季跌6%,按年升12%,較預期低3.1%。當中,線上收入勝於預期,惟辦公室軟件收入較預測弱。第四季受到去年《劍網3》高基數影響,料今年線上遊戲收入按年有個位數增長,而新手遊《劍俠情緣3》將於明年發布。
該行指,雖然集團的雲端產業處於早期階段,且當前WPS Office的支付率較低,但長遠來看,預期這兩個領域將會保持快速增長。該行看好公司業務,包括遊戲業務、金山雲及WPS。
該行維持集團「買入」評級,目標價由40元下調至34元,以反映公布業績後的最新業務發展。
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