《大行報告》瑞銀升閱文(00772.HK)評級至「中性」 目標價上調至51元
瑞銀發表報告,上調閱文集團(00772.HK)評級,自「沽售」升至「中性」,指早前對騰訊(00700.HK)對其支持減少的關注因早前管理層換班已得到解決,惟目前仍然關注廣告競爭、與騰訊加強合作需時,及閱文相較同業的高估值。該行預計,在加強與騰訊的合作後,閱文付費率可自去年的4.46%升至明年的4.89%,明年廣告收入可自去年的3.27億元人民幣增加至7.6億元人民幣。
該行上調閱文今年全年收入及盈利預測分別5%及1%,明年收入及盈利預測則分別上調19%及20%,以現金流折現率計,目標價相應大幅上調122%,自23港元升至51港元,相當於明年預測市盈率22倍,較板塊均值高出74%,反映公司較同業更正面的展望。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.