《大行報告》瑞信料騰訊(00700.HK)次季經調整淨利潤按年升9%至328億人幣
瑞信發表報告指,料騰訊控股(00700.HK)今年第二季收入將按年升19%至1,360億元人民幣(下同),料次季經調整淨利潤升9%至328億元。
按分部劃分,該行料騰訊第二季手遊收入將按年升13%,主要受惠旗艦遊戲表現穩健,雖然媒體廣告及線上教育受拖累,不過該行料騰訊線上廣告維持穩定,相信將按年增長22%。料金融科技及企業服務收入則受去年支付業務基數較高影響,增長將減慢至37%。
瑞信認為騰訊業績可重點留意近期監管對公司的影響,同時可留意下半年公司手遊的產品線及增長前景,以及在教育行業弱勢下廣告需求前景,並留意2021年投資增加對利潤的影響。
該行表示,將騰訊2021至2022年每股盈測調整4-5%,以反映下半年廣告增長放慢等的影響,繼續喜歡騰訊增長前景的可見性,估計將受惠手遊產品線及未完全變現的微信生態圈,包括廣告、支付、及小程序電商等,認為將成中期增長引擎,維持「跑贏大市」評級,目標價750港元不變。(el/w) ~
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