《大行报告》瑞银下调腾讯(00700.HK)目标价至780元 评级「买入」
瑞银发表报告表示,由於在游戏及广告的双重增长引擎以及监管和竞争风险不大下,认为腾讯(00700.HK)仍是该行业的核心股份;长线来看,对其手游及线上广告的收入增长持乐观看法。惟短期而言,该行轻微下调上述业务的估值,预期《英雄联盟》手游及《地下城与勇士》手游将於今年夏天在中国推出。
该行下调腾讯手游收入预测4.3%,至按年升20.9%,当中首季料录12%按年升幅,以反映目前总收入增长放缓和递延会计处理。该行同时轻微增加其销售和营销费用预测,从而下调其今明两年经调整息税前利润增长分别3.1%及4.1%。维持其「买入」评级,目标价由800元降至780元。
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