《大行報告》匯豐研究下調騰訊(00700.HK)目標價至750元 評級「買入」
匯豐研究發表報告表示,從監管角度而言,在合規和網絡安全方面的長期持續投資有助於爲騰訊(00700.HK)設定高數據安全標準,這可能會導致對其雲端安全PaaS服務的需求更高,預計集團未來對數據安全的投資將持續增加。
另一方面,由於政府強調降低小微商戶的收費,支付率可能會持平;該行認爲商品交易額增長來自使用小程序的電子商務平臺和線下環境的商家增加。至於廣告業務的上升以及與阿裏巴巴(09988.HK)的潛在合作則是市場關注的問題。
騰訊將於8月18日公佈第二季業績,該行預期其季度收入及經調整盈利分別按年升21%及12%,主因去年手遊業務高基數及季內僅推出5款遊戲,而社交廣告則料錄較佳升幅(升26%);由於內容審批延遲,媒體廣告收入增長有限(增長5%);以及金融科技和商業服務收入料增長38%等所致。該行維持其「買入」評級,目標價由775元降至750元。
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