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《大行報告》麥格理下調騰訊(00700.HK)目標價至719元 評級「跑贏大市」
阿思達克 05-21 09:46
麥格理發表報告表示,騰訊(00700.HK)首季各項收入見穩健增長,公司管理層強調今年為投資年,該行估計騰訊於今年收入按年升21%、料盈利可按年增長9%,重申對公司「跑贏大市」評級,目標價由778元降至719元,此相當預測2022年市盈率36倍,並降其對今明兩年盈利預測分別3%及7%,因加大投資。

該行指,騰訊首季表現令人鼓舞,其中手機遊戲收入趨勢健康,增長19%,電腦遊戲亦見有增長,而金融科技與雲業務表現強勁,分別錄42%及75%增長。

麥格理稱,公司強調2021年為投資年,故自去年第四季起,公司員工數目見明顯增長,對成本增長不意外,但將影響盈利展望,同時部份關聯公司見市佔率下降,或影響其第二季的經營溢利與盈利表現。

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