京基證券:增添新增長點 估值盈利預測可望上調 維持第一視頻(0082.HK)買入評級
格隆匯1月19日丨京基證券發研報指,第一視頻集團(0082.HK)在2018年收購的瘋狂體育FY19A的全年盈利已超過賣方提供的FY19A盈利保證,體育娛樂業增長超期。今年1月,第一視頻公吿取得海南省有關當局批准,可進軍海南,擴闊及豐富公司體育娛樂業務生態圈。此外,公司旗下的體育娛樂旗艦瘋狂體育計劃於海南建立區塊鏈技術驅動賽事平台。京基證券估計海南賽事競猜平台上線後,可為第一視頻帶來多元收入。該行認為,利好的政策和經營環境、與瘋狂體育在體育娛樂信息方面的競爭優勢及深厚資源結合,海南賽事競猜平台具有先天的優越條件,帶來協同效應及增長潛力。由於2021年及2022年有眾多全球體育盛事舉行,京基證券預期第一視頻的FY21F及FY22F收入及盈利增長前景非常可觀,認為盈利預測有上調空間,維持“買入”評級,目標價1.01港元。

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