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美银美林料腾讯(0700.HK)次季收入按年升两成手游业务望反弹
格隆汇 07-29 16:07

腾讯(0700.HK)将于8月14日公布中期及第二季度业绩。美银美林发表研究报告指,腾讯手游业务有望反弹,惟广告业务增长放缓。该行预期,今年第二季腾讯收入按年升20%,按季升3%,毛利率则大致持平于46.7%,按GAAP计算的净利润为224亿元(人民币,下同),按年升25.7%,按季升17.6%,而non-GAAP净利润为190亿元,按年升32%,而按季则升28%。

美银美林表示,受环球压力及监管规则等不确定性因素影响,料腾讯广告增速将由首季的按年升25%,放缓至17%,手游增长则受延迟收入支持,按年升27%,而金融科技业务亦获得持续健康增长,料按年升40%。

美银美林指,集团旗下QQ及微信的用户增长大幅放慢,预期未来市场会关注在短视频及小程序等用家参与度,亦会关注在其新业务的发展。该行重申其“买入”投资评级,以及目标价445港元。

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