瑞信升腾讯(0700.HK)目标价至469港元维持“跑赢大市”评级
瑞信发表研究报告指,随着网游监管力度放松,相信腾讯(00700.HK)今年首季已见底,而即将到来的第二季,不仅会见到盈利已走出谷底,更因见到更多元化的游戏贡献,令盈利质量改善。该行将其目标价由428港元升至469港元,维持“跑赢大市”评级。

报告指,预计公司未来几个季度的增长势头将会加快,受惠最近推出的游戏强劲表现推动、稳固的管道,以及持续增加的广告市场市占率。同时,瑞信称,见到腾讯利润方面具利好环境,包括潜在的游戏频道收费下跌,以及支付业务潜在加快变现。总体而言,预料腾讯2018年至2021年盈利年均复合增长率为24%。
尽管季节性疲软,该行表示,仍看到腾讯稳健的第二季度手游收入。预料手游收入按季增长5%,按年增长27%至223亿元人民币。总括公司今年第二季收入增长料达24%,经调整盈利按年增18%至230亿元人民币。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.