《大行報告》大摩:騰訊(00700.HK)上季業績符預期 指公司需更清晰解說監管風險
摩根士丹利發表報告表示,騰訊(00700.HK)去年第四季業績符合預期,指上季收入高於市場同業原預期2%,主要是廣告業務收入按年升22%及金融科技與商業服務(FBS)按年升29%略優預期,非國際會計準則營運溢利較同業預測低3%,主要是銷售和管理費用較高影響。
該行表示,持續喜愛騰訊盈利增長具質素的表現,但公司需要更清解說在疫後業務正常化進程、及所面臨的監管風險,重申對騰訊「增持」評級及目標價820元。
大摩指,騰訊去年第四季增值業務收入670億人民幣(按年升28%;按季跌4%),大致符合預期,線上廣告業務收入250億人民幣(按年升22%;按季升15%)高於該行及市場同業原預期介乎2%至4%;至於金融科技與商業服務收入錄380億人民幣(按年升29%;按季升16%),高於該行及市場同業原預期2%。
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