《大行報告》野村上調騰訊(00700.HK)目標價至864元 評級「買入」
野村發表研究報告,預期騰訊(00700.HK)2020財年第四季的收入按年增長26%至1,330億元人民幣,較市場預期高1%。非通用會計準則計算的營運利潤率或按年擴闊0.8個百分點至26.5%,很大程度是由於毛利率按年擴張1個百分點所致。該行預期非通用會計準則計算的每股盈利為3.43元人民幣,按年增長30%,符合市場預期。
另外,該行預期騰訊2020財年第四季的線上遊戲收入按年增長33%至480億元人民幣。手機遊戲收入按年增長45%,較第三季的61%增速有所放緩,主要是因為騰訊在2019年度第四季整合Supercell的基數效應所致。個人電腦遊戲收入或保持穩定,按年增長3%。
該行將公司2020及2021財年的收入預測分別調高1%及調低1%,維持「買入」投資評級,將目標價由原來的690元上調至864元。
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