交银:上调网龙(0777.HK)收入及盈利预测 升目标价至36.6港元
交银国际发表报告表示,网龙(0777.HK)去年下半年收入及净利润分别超预期5%及7%,该行上调其今年总收入及利润预测2%及6%,目标价由32.8港元上调至36.6港元,维持“买入”评级。
报告预计,公司今年游戏收入增15%,当中PC及手游分别增7%及48%,7款新手游将于今年上线,当中6款获得版号,并预计普米收入增长18%,其中发达国家地区增8%,以及新兴市场贡献约2亿元人民币收入。
交银又预计,Edmodo的内容变现年化收入有望达到2.18亿元人民币,佔今年教育收入8%,但未反映在目前的预期中。目前股价仅反映游戏业务6倍市盈率,看好游戏围绕IP挖掘新产品的策略,以及教育业务对长期估值增长的带动作用。

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