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瑞信料腾讯(0700.HK)次季non-GAAP纯利增长加快至17%重申为首选股
格隆汇 08-13 11:34

瑞信发表报告表示就腾讯(00700.HK)明天收市後将公布今年第二季业绩,该行料公司第二季非通用会计准则(non-GAAP)下纯利录231.46亿人民币,按年升17.4%(按季升10.6%),较其2018年第四季及2019年首季增长13%至14%有所加快。

该行认为,腾讯第二季盈利增速加快,相信网游是主要推动力,虽然预料个人电脑游戏按季下滑8%,但手游业务按季上升5%,令总体游戏收入可按年升15%(按季则持平),盈利质素亦应见改善,对单一游戏依赖度减少。

瑞信料腾讯第二季收入可按年升24%至910亿人民币,因网游增长回复,并估计公司上半年非用会计准则下盈利增速可按年加快至30%,将可成腾讯被重估的催化剂。该行维持腾讯“跑赢大市”投资评级及目标价469港元,此按分部加总(SOTP)方式作估值,重申其为行业首选股。

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