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中金升腾讯(0700.HK)目标价至370港元料次季非通用会计准则多赚17%
格隆汇 07-30 12:28
中金发表报告表示,腾讯(0700.HK) 将于8月14日公布今年第二季业绩,料收入可按年升27.8%至942亿人民币,大致符合市场预期,该行料腾讯第二季非通用会计准则下纯利可按年增长16.9%至231亿人民币,较市场预期高1.5%。就第三季指引方面,该行估计腾讯收入按年升31%至1056亿人民币。
该行估计,腾讯旗下广告业务走弱,将抵销游戏业务复苏因素。中金料腾讯第二季手游业务收入按年增34.9%,主要受惠去年同期基数较低,兼且来自《和平精英》等额外收入贡献。而该行料腾讯旗下游戏业务今年第二季总体收入增长约16%,料今年全年增长15.3%。
中金维持对腾讯“ 中性 ”投资评级,建议待股价调整后才进行收集,现估值相当今明两年非通用会计准则下预测市盈率 31.3倍及25.1倍,目标价由365港元微升至370港元,按综合方式作估值,此相当于2020年非通用会计准则下预测市盈率25.1倍。
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