Jaffray maintain Grand game Neutral rating target share price 4 USD

Source: Internet
Author: User
Keywords Grand games Target stock price
Tags game games gaming higher than mobile mobile game mobile gaming released
Summary: View the latest quotes Beijing time August 29 Evening News, the U.S. investment Bank Jaffray (PiperJaffray) issued an investment report today to maintain the Nasdaq:game neutral rating, while maintaining a 4 dollar target share price unchanged. The following is a summary of the report

View the latest quotes

Beijing Time August 29 Evening News, the U.S. investment Bank Jaffray (PiperJaffray) issued an investment report today to maintain the "neutral" rating of Shanda gaming stock (Nasdaq:game) while maintaining a 4 dollar target share price unchanged.

The following is a summary of the contents of the report:

Shanda Games second-quarter results exceeded our expectations. MMO gaming revenues have grown moderately, with mobile gaming revenues falling slightly on the chain. Third-quarter guidance revenue is expected to be lower than we and Wall Street expectations.

Second quarter results: Revenue for 175.6 million U.S. dollars, the chain growth of 1.5%, slightly higher than we expected 173.2 million U.S. dollars and Wall Street expected 174.7 million dollars. Diluted earnings per share of 0.22 dollars, higher than we expected 0.20 dollars.

Third-quarter results expected: Shanda games expect revenues to reach $180.9 million to $182.6 million trillion, below our projected $186.3 million trillion and Wall Street's expected $183.2 million trillion.

Core MMO performance is poor: in the second quarter, the number of MMO monthly subscribers was 3.2 million, down 5.2% in the chain. Average revenue per user (ARPU) for 98 yuan, the chain growth of 4.7%.

Mobile games: The second quarter of the mobile game revenue for 16.5 million U.S. dollars, accounting for the total revenue of 9%. At present, the Grand game has not yet launched a new mobile game has 36. The company expects mobile gaming revenues to account for 50% of total revenue over the next 3 to 5 years.

New games to watch: MMO, 0 World, the light of the Earth (Dungeon Striker) and Final Fantasy 14 (Final Fantasy XIV), mobile gaming, "Million King Arthur" (Technologists Arthur), Guardian Cross and the hell of the Lord.

Valuation: We continue to maintain the "neutral" rating of the Shanda game stock while maintaining a 4 dollar target share price unchanged


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