《大行報告》摩通下調騰訊(00700.HK)目標價至640元 評級「增持」
摩通發表研究報告指預期騰訊(00700.HK)下半年財務展望轉弱,但相信基本面仍然穩健,目標價由710元降至640元,評級「增持」。
該行指,在遊戲業務方面,因應部份重點遊戲延期上市,將對短期收入有負面影響;廣告方面,主要廣告類別疲軟與及監管收緊都將令下半年收入增長放慢,不過集團旗下產品的流量、庫存和微信生態系統仍然強勁。
該行表示,相信短期股價動力主要來自投資者對內地互聯網監管環境的情緒。而管理層指短期內政府應將有更多監管政策出台,料應鞏固了投資者對騰訊及行業的審慎看法,該行預期股價於未來1-2季會在區間上落,但盈利會於明年繼續加速增長,而穩定的監管環境可帶動股價上升。
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