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《大行報告》摩通下調騰訊(00700.HK)目標價至710元 評級「增持」
阿思達克 07-16 10:13
摩根大通發表報告指,就騰訊(00700.HK)將於8月18日發佈中期業績,由於投資者已充分了解騰訊今年的投資戰略,該行預測表現與市場大體一致,預期未來6至12個月股價將主要受監管環境變化及公司長期盈利能力所影響,又強調內地對行業監管壓力是否已過去現時仍屬言之過早。

該行預期,騰訊未來半年的股價將在現水平上下波動,目前估值屬合理及吸引,對其長期投資看法維持不變,認爲包括海外遊戲、廣告、科技金融等多元化業務增長引擎,將令其繼續爲市場上少有的長遠可持續增長股份。

摩通預期騰訊明年新業務將開始產生收入貢獻,盈利增幅將恢復至20%以上,利潤率亦預期有所改善,基於明年預測市盈率34倍,將目標價由750元降至710元,維持「增持」評級。

該行估計騰訊今年第二季非通用會計準則純利330.42億人民幣按年升10%、料純利348.96億人民幣按年增5%,估計收入錄1,378.55億人民幣按年升20%。

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