《大行報告》瑞信下調騰訊(00700.HK)目標價至680元 評級「跑贏大市」
瑞信發表報告指,騰訊(00700.HK)今年第二季收入符合預期,按年增長20%至1,376億元人民幣;經調整純利則按年上升13%至340億元人民幣,較市場及該行預期高4%,主因增值服務業務的毛利率較預期為佳。
該行認為,雖然監管不明朗,但集團的結構性增長動力仍然穩健,包括網上遊戲的政策風險較低,因16歲以下只佔中國遊戲收入的2.6%。至於廣告受到數據私隱規管的影響亦料有限。
瑞信下調騰訊2021至222年度每股盈利預測3%至8%,目標價由750元降至680元,評級維持「跑贏大市」評級。
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.