《大行報告》高盛:監管機構仍然支持內地遊戲發展並致力為產業未來營造健康環境 應對騰訊(00700.HK)及網易(09999.HK)股價提供支持
高盛發表報告指出,國家新聞出版署近日發布12月新批准的105款國產遊戲版號,較11月共批87款國產網絡遊戲有所增長;另於上周五(22日)新批40款進口網絡遊戲版號。因此,今年至今共發放遊戲版號1,075款,其中國產涉977款,進口涉98款,超過2021及2022年核准的748與512款遊戲。
該行認為,考慮到今年12月批准版號按月增加,當局可能對《網絡遊戲管理辦法》(徵求意見稿)第十七條及第十八條進行重新修改,加上多個官媒對遊戲產業的正面評論,該行料監管機構將繼續支持國產遊戲發展,並致力於為產業未來營造健康環境,應對騰訊(00700.HK)和網易(09999.HK)的股價提供支持。
此外,該行指國家新聞出版署增加遊戲版號及評論,應會對遊戲發行商的股價帶來支持,上周五網遊股日內股價走勢意味著騰訊及網易國產遊戲的APRU分別下跌25%與20%。該行注意到騰訊及網易有約25%及10%遊戲收入來自國際市場。對騰訊而言,遊戲收入約佔其經營溢利一半,而國產遊戲約佔總遊戲收入75%。至於網易方面,遊戲收入約佔其經營溢利100%。
該行維持對騰訊及網易「買入」評級,目標價各為435元及206元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.