《大行報告》大和降騰訊(00700.HK)目標價至850元 增三大領域投資令短期毛利率受壓
大和發表報告表示,騰訊(00700.HK)今年首季收入及盈利表現並無太大驚喜,公司管理層指將加大三大主要領域的投資,指今年屬投資年,或導致短期毛利率受壓;但無論如何,該行料騰訊於今年下半年盈利透明度將改善,料可受惠網遊渠道豐富及雲服務的強勁需求。
該行稱,下調對騰訊於2021年至2023年盈利預測2至8%,以反映其對研發投資加大因素,並調低其目標價由870元降至850元,重申對其「買入」評級,指投資可為集團帶來增長引擎,並料公司2021年收入可按年增長22%。
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