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研報掘金|中金:維持網易“跑贏行業”評級 預計上季Non-GAAP淨利潤按年增58%
格隆匯 01-31 14:40
中金髮表報吿,預期網易上季收入按年增11%至281億元,Non-GAAP淨利潤按年增58%至76億元。報吿指,關注多款開放世界新作及《永劫無間》手遊,2024年或有望持續獲取國內市場份額。2024年公司已上線無限流言情女性向手遊《世界之外》,首周位居iOS遊戲日暢銷榜第10名左右,表現略超市場預期。產品儲備方面,核心關注武俠開放世界《射鵰》、《燕雲十六聲》;《永劫無間》手遊等。該行認為公司在開放世界、競技射擊等相關細分賽道或題材均有重要產品儲備,有望助推2024年市佔率進一步提升。海外市場方面,近期亦有相關被投工作室公佈在研作品進展,因此預期有望於2024年中及往後陸續看到更多海外新品動態。中金維持網易“跑贏行業”評級,維持基於SOTP估值法的美股和港股目標價分別為139美元和211港元。
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