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《大行报告》高盛升腾讯(00700.HK)目标价至556元 料次季非通用会计准则多赚25%
阿思达克 08-11 14:37
高盛发表研究报告指,腾讯(00700.HK)即将公布第二季业绩,预期次季收入按年增长28%至1,140亿元人民币,非通用会计准则下经营溢利增长31%至358亿元人民币,经调整净利料增长25%至293亿元人民币。

报告指,腾讯次季网络游戏收入保持约31%的按年增幅(首季33%),当中手机游戏增长更达52%。预期上半年内地网上游戏玩家人数约6.58亿人,在腾讯消费增22%至1,400亿元人民币,当中手游付费额增长约36%,抵消了电脑游戏收入6%的跌幅。

该行预期,次季线上广告增长17%,增幅较首季的32%收窄;随着更广泛线下经济复苏,第二季金融科技收入料增长27%,增幅较首季提升9个百分点,而云技术收入增长则预期加速至60%(首季40%)。

就美国近日对腾讯旗下微信实施禁令,高盛估计微信在美国的用户少於500万,而其月活跃用户人数为12亿,风险敞口不大。该行引述SensorTower的数据,预期腾讯第二季度美国市场收入1.42亿美元,主要来自Supercell及PUBG。

展望未来,高盛预期腾讯可利用其游戏技术、IP及产品组合,推动市场份额增长,过去投资800家公司的资产价值达到1,650亿美元,亦可为腾讯带来可观回报,将目标价上调3%至556元,维持「买入」评级。

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