大行評級|高盛:預期中國遊戲市場競爭仍將激烈 續列騰訊為首選
高盛發表研究報吿指,中國首款3A遊戲《黑神話:悟空》8月底推出,引發現象級反響,而騰訊的《地下城與勇士》手遊於5月份推出後,幾個月內即躍身成為全球收入最高的手機遊戲,均推動中國遊戲市場發展向前邁進。展望今年第四季及明年初,高盛預期中國遊戲市場競爭仍將激烈,各款遊戲及發行商之間的表現預期會有差異,繼續列騰訊為首選,評級“買入”,目標價為464港元。高盛將嗶哩嗶哩的評級上調至“買入”,指公司旗下游戲產品壽命較長,中期盈利具增長空間,目標價為176港元。另外將心動公司目標價上調至15港元,今年度盈利預測上調12%。考慮到《永劫無間》手遊變現步伐相對緩慢、《蛋仔派對》受制於更嚴格的未成年用户保護措施,以及《逆水寒》手游去年同期較高基數,該行目前預測網易第三季表現或受壓,因此將其目標價從179港元下調至176港元,2024至2026年收入預測下調1.4%、1.9%及2%,Non-GAAP純利預測下調1.5%、1.9及2%,評級則維持“買入”。
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