大行評級|麥格理:續看好整體網遊行業 上調騰訊目標價至481港元
麥格理髮表研究報吿指,雖然宏觀環境不景氣,但遊戲產業仍是一大亮點,持續推出優質遊戲,如騰訊的《地下城與勇士》、嗶哩嗶哩的《三國:謀定天下》等。進入夏季,該行對即將推出的更多高品質遊戲保持樂觀,這可能會成為進一步促進公司增長和盈利可見度的關鍵催化劑。該行相信,更成熟的產業將加快市場整合,將自然有利於領先的行業參與者。
該行表示,將遊戲《地下城與勇士》的財年預測由60億元大幅上調至180億-200億元,帶動騰訊遊戲收入預測上調5%。該行續看好整體網遊行業,將騰訊目標價由473港元調升約2%至481港元。
另一方面,雖然高基數效應和推出新遊戲較少,同期網易iOS流水料按年擴大15%。市場憂慮網易面對遊戲產業監管,麥格理指出,雖然這對公司財務狀況有短期影響,但目前市場預測遊戲收入全年增長前景,在很大程度上已反映對監管調整的憂慮,因此該行對網易的看法不太悲觀。然而,由於線上遊戲競爭加劇,將網易盈利預測小幅下調1%至3%,並將其目標價由228港元微降約1%至225港元,續列該行精選買入名單。
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