Deutsche Bank to give Grand game to buy a rating target price 6.41 dollars
Source: Internet
Author: User
Sina Science and technology news Beijing time of November 16 night, Deutsche Bank released its investment report today, the Grand Game (Micro-blog) (nasdaq:game) stock rating maintained in the "buy" (purchase), and the target price maintained at 6.41 U.S. dollars. The following is the main content of the report: Shanda Games will be announced in Beijing time November 18 9 o'clock in the morning the third quarter of fiscal year 2011. Deutsche Bank expects the company's total revenue to be 1.375 billion yuan a quarter, with the market generally expected to be 1.342 billion yuan. The bank is expected to be the third quarter of the Grand games operating profit of 373 million yuan, the market is generally expected to be 367 million yuan. Grand Games announced on November 3 that the "Tower of the Eternal" Operation Rights and NCsoft successfully renewed, and said the "Eternal Tower" new version will be launched in mid-November. Deutsche Bank expects the game to be the main driver of growth in Shanda's revenue. Grand Games announced the implementation of the 3A strategy in the first quarter of this year, consisting of All-Star (All-Star), full platform (All-platform), Region-wide (all-region) three major elements. The Deutsche Bank believes that Shanda has made more efforts to expand the game style on PCs and mobile platforms in the recent fiscal season. In addition, Shanda games and the United Nations to join hands to announce the public interest game guesses Chinese edition official on-line, the company will promote guesses in the Chinese area the operation and the development. Deutsche Bank has maintained a "buy" rating for its Shanda Gaming equity investment, with a target price of 6.41 dollars. (Puma)
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