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野村:維持騰訊(0700.HK)“買入”評級 目標價428港元
格隆匯 09-24 12:48

野村發表研究報告指,騰訊(0700.HK)昨天公佈增持控制芬蘭遊戲開發商Supercell的財團股份權益,由50%增加至51.2%。轉換完成後,財團將成為騰訊附屬公司,財務業績、資產及負債由11月將併入集團財務報表。該行認為對騰訊的財務影響有限。

野村表示,若假設Supercell的收入在2019年按年下跌10%,而2020年則維持平穩,EBITDA利潤率維持在38%水平,相信併購Supercell會增加現時對騰訊2020財年收入預測約2%及盈利預測約1%。野村維持對騰訊“買入”投資評級,目標價維持428港元。

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