《大行报告》瑞信料腾讯(00700.HK)首季收入增24% 纯利升27%至343亿人民币
瑞信发表的研究报告指,料腾讯控股(00700.HK)首季收入按年升24%至1,330亿元人民币,经调整溢利则按年升27%至343亿元人民币。
该行料腾讯手游收入将按年升17%,主要受惠旗舰游戏带动,以及《天涯明月刀》及《使命召唤》手游表现稳健,首季线上广告收入增长则料会加快至22%,主要受惠社交广告健康增长,而媒体广告表现亦有改善。金融科技及企业服务方面则料按年增长38%,主要受惠金融科技业务稳定及云服务复苏。
该行认为应聚焦於公司手游产品线及增长前景,另外亦要留意不同领域如教育、外国体育服装品牌的广告需求等,另外亦关注公司就监管环境的更新,以及微信的变现策略。
瑞信将公司2021-22年每股盈测升1-2%,继续认为公司增长前景清晰,同时中期将受惠手游产品线强劲及微信生态变现程度较低,维持「跑赢大市」评级,目标价维持800元不变。
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