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《大行報告》野村升閱文(00772.HK)目標價至31.8元 今年收入重新開始增長
阿思達克 03-19 11:19
野村發表研究報告指,閱文(00772.HK)去年下半年收入按年增長5%至37億元人民幣,主要歸因於IP業務收入增長25%,有助抵銷在線業務收入下降7%的影響,但同時受到IP業務毛利率下降的拖累,令閱文整體毛利率較去年同期下降5.9個百分點至47.4%,盈利表現則基本符合預期。 該行指出,閱文去年進行在線業務渠道優化,相關影響預期將逐步減弱。隨著分銷渠道優化,並將經營重心轉向高消費優質用戶群,野村相信今年公司的收入將重新錄得增長,給予「買入」評級,目標價從27元提升至31.8元。
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