《大行报告》大和料腾讯(00700.HK)首季手游收入增22% 维持「买入」看870元
大和发表的研究报告指,腾讯(00700.HK)将於5月20日公布首季业绩,该行估计公司总收入升22.7%至1,326亿元人民币,按非国际财务报告准则计算经营溢利按年升25.6%至447亿元人民币。虽然市场对反垄断方面的忧虑仍困扰腾讯股价,不过该行认为监管风险可控,考虑到下半年推出主要游戏,认为现时估值提供买入良机,而公司将於5月16日举行年度游戏活动,或成股价催化剂。
该行估计今年首季公司线上游戏收入将按年升17%,而去年第四季公司於内地推出《天涯明月刀》、《使命召唤Mobile》及《街头霸王》,带动游戏收入按季增长16%,该行估计今年首季游戏收入按季升5%,主要受惠《王者荣耀》、《和平精英》及《PUBG Mobile》等手游表现,因此估计今年首季公司手游收入按年升22%至420亿元人民币。
另外该行料腾讯首季支付规模按年增长加速至35%,主要因为基数较低,同时将其2021-23年整体收入预测调高2%,重申「买入」评级,目标价870元。
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