里昂发表研究报告,首次给予心动公司“跑赢大市”评级,目标价60港元。该行认为,公司的游戏开发与营运业务展现出强劲增长往绩,其2021至2024年收入年均复合增长率达23%;憧憬通过广告业务变现,2025至2026年收入料按年各增长16.2%及9.4%,净利润预期增长15.2%及18.1%。截至2024年底,心动公司经营21款免费游戏及35款付费游戏,有65%收入来自中国。里昂认为,《Heartopia》及《GoGo Muffin》等游戏表现突出,预计《Heartopia》今年第四季在海外上线,以及今年9月公司在中国推出的《Etheria》等,都将成为新增长动力。
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