京基證券:看好國內體彩前景 籲“買入”第一視頻(0082.HK) 目標價1.01港元
京基證券發研報指,受惠於中國快速發展的體育彩票,第一視頻(0082.HK)
旗下的體育及娛樂平台,中國最大的體育彩票及娛樂平台供應商瘋狂體育蓬勃發展且獲得豐厚利潤。瘋狂體育2019年提供的內容覆蓋了中國70%以上的體育迷/體彩玩家,並正與18家大型連鎖店合作,發展覆蓋全國的便利體彩銷售網絡。
京基證券認為,第一視頻集團是在中國體育彩票和娛樂行業立足的少數幾家在香港上市的公司之一。在對處於虧損的電信媒體及電商業務撤資後,集團架構將更簡化,其盈利能力亦將加權。而其作為體育-娛樂導向企業的定位將更為突出。由於瘋狂體育的經營業績、營業利潤強勁增長,預計公司2020財年的核心利潤為5060萬港元,料將從2021財年起恢復盈利。
京基證券將第一視頻納入研究跟蹤名單並建議“買入”;基於公司持續經營業務在2020年度的核心淨利潤可達5000萬港元,到了2021及2022年核心淨利潤更可上升至1.2億港元及2.5億港元 ,給予目標價1.01港元,較上週三(23日)的收盤價0.24港元有3.2倍的潛在升幅。
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