《大行報告》美銀證券下調快手(01024.HK)目標價至303元 因進取投資降盈測
美銀證券發表報告表示,快手(01024.HK)今年首季收入170億人民幣按年升37%(對比2020年第四季收入按年升53%),符合市場預期,指業績好壞參半,直播業務收入70億人民幣年跌20%,期內廣告、電商(包括其他業務)分別錄86億及12億人民幣(分別按年升162%及589%),毛利率41%略低於市場原預期42%。
該行指,快手首季按非國際財務報告準則經調整虧損淨額為49.18億人民幣,略少於市場原預期57億人民幣,平均月活躍用戶錄5.2億按年升5%。
美銀證券稱,重申對快手「買入」評級,基於其進取的投資,決定下調對其目標價由353元降至303元,此相當預測2023財年市盈率48倍。該行指快手首季電商及廣告業務增長較快,公司持續投資內容及提升用戶數量。
該行將快手今年每股虧損預測由2.49元人民幣下修至4.63元人民幣,上調2022年每股盈利預測由2.14元降至1.28元人民幣。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.