《大行報告》瑞銀料網易-S(09999.HK)季績強勁 3月起推新遊戲帶動重評
瑞銀髮表報告,重申對網易(NTES.US)(09999.HK)去年第四季業績正面觀點,基於去年第四季收入有可能超預期,以及今年第二季之後推出具競爭力的主要遊戲。該行預測網易去年第四季經調整淨利潤90億元人民幣,較市場預期高18%,該行相信,集團3月起推新遊戲可帶動重評,維持其「買入」評級及目標價137美元。
該行表示,基於《逆水寒》手遊、《巔峯極速》及《全明星街球》收益良好,預期去年第四季手遊業務按季增量收入達11億元人民幣。該行指,網易主要旗艦遊戲如《夢幻西遊》等去年第四季流水穩定,相信《逆水寒》等經典遊戲的增量收入貢獻應支持季績勝預期。此外,騰訊(00700.HK)《元夢之星》去年12月中推出,但網易《蛋仔派對》用戶參與維持,《元夢之星》周活躍用戶及花費時間均呈下降現象,估計《蛋仔派對》去年12月流水穩定於4億人民幣左右,意味《元夢之星》帶來的影響有限。
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