《大行》中銀國際料網易(09999.HK)次季經調整淨利增長28% 升目標價至236元
中銀國際發表研究報告指,網易(09999.HK)(NTES.US)將於8月下旬公布第二季業績,預測總收入按年增長11%至282億元人民幣,當中線上遊戲收入料增長16%至224億元人民幣,分別較市場預期低1%及2%;電腦遊戲收入將大幅增長67%至76億元人民幣,手遊收入則持平於約148億元人民幣。
中銀國際預計網易次季經調整淨利潤將增長28%,達到100億元人民幣,較市場預期高出4%;全年率預測增長20%至403億元人民幣,主要受惠於現有遊戲表現穩定、渠道優化、遊戲收入結構轉變、非遊戲業務毛利率改善,以及營運支出減少等。
該行維持網易的「買入」評級,將目標價從220元上調至236元,並將2025至2027年經調整每股盈利預測上調最多2%。展望2026年,中銀國際認為網易將迎來爆發性增長的一年。
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