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《大行報告》瑞銀下調騰訊(00700.HK)目標價至780元 評級「買入」
阿思達克 04-21 10:18
瑞銀發表報告表示,由於在遊戲及廣告的雙重增長引擎以及監管和競爭風險不大下,認為騰訊(00700.HK)仍是該行業的核心股份;長線來看,對其手遊及線上廣告的收入增長持樂觀看法。惟短期而言,該行輕微下調上述業務的估值,預期《英雄聯盟》手遊及《地下城與勇士》手遊將於今年夏天在中國推出。

該行下調騰訊手遊收入預測4.3%,至按年升20.9%,當中首季料錄12%按年升幅,以反映目前總收入增長放緩和遞延會計處理。該行同時輕微增加其銷售和營銷費用預測,從而下調其今明兩年經調整息稅前利潤增長分別3.1%及4.1%。維持其「買入」評級,目標價由800元降至780元。

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