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植耀辉: 腾讯(00700.HK)季绩逊预期 港股或下试26,000点
阿思达克 11-14 11:34

耀才证券研究部总监植耀辉称,港股昨日(13日)甫开市即下跌超过300点,其後跌幅更一度扩大至近600点,尾市虽有所窄,但最终仍跌493点,收报26,571点。成交则不足800亿元。港股昨日大跌明显是受本地因素影响,惟恐怕此因素短期内仍会困扰投资情绪。另一方面,中美贸易谈判似乎亦暂未见有利好消息,加上腾讯(00700.HK)季绩逊预期下,恐怕港股走势仍会受压,暂仍以26,000点作为下方支持。

亦要谈谈腾讯季绩表现。腾讯第三季度业绩表现稍逊市场预期,收入及盈利均稍逊市场预期。市场最关注的网络游戏收入同比增长11%,表现不过不失,当中手机游戏收入同比增长25%,电脑游戏收入则同比下跌7%。至於网络广告收入虽然上升13%,但媒体广告收入却同比倒退28%,环比亦跌17%,腾讯指是因内容排播不确定性导致视频招商广告收入下跌所致。事实上,面对内地经济压力,相关业务未来表现亦难有憧憬。

而另一重点金融科技及企业服务收入同比增加36%,当中云服务收入增长则仍见强劲,同比增长80%至47亿元人民币,不过主要是基数较低的缘故而已;另外,与阿里巴巴「阿里云」内地超过四成市占率相比,腾讯云在内地云市场市占率仍有相当距离。

至於股价方面,腾讯股价近日大致於320至340元水平上落。基於业绩表现缺乏催化剂,以及大市气氛持续转淡,预期股价仍难摆脱弱势,或会下试310元水平,建议投资者候调整再作部署。

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