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快手(01024.HK)續挫6%重失10天線 中期虧損收窄惟遭大摩削價至60元
阿思達克 08-26 10:56
快手-W(01024.HK)上半年虧損按年收窄近半成,大摩績後削快手目標價至60元,評級「減持」,報告指,快手市佔率流失至抖音,扭虧需時(該行料2025年),故維持公司盈測向下調整看法不變,收入增長減速及毛利率收縮將導致進一步向下重評,該行重申快手「減持」評級及大削目標價50%至60元。該股由上市低位反彈受制20天線昨天倒跌3.5%後,今早進一步失守10天線(73.1元),最低見67.8元,現報72.8元,續挫6%,成交已達2,786萬股。 快手公布,上半年虧損按年收窄近4.9%至近648億元人民幣,每股虧損18.58元人民幣,期內營業額按年升近43%至361.58億元人民幣。單計第二季,虧損按年收窄逾81%至70.36億元人民幣,營業額按年增近49%至191.38億元人民幣。 按非國際財務報告準則計,快手上半年經調整虧損淨額按年擴大約54%至96.89億元人民幣;經調整EBITDA虧損按年擴大54%至75.11億元人民幣。單計第二季,快手經調整虧損淨額按年擴近1.5倍至47.7億元人民幣;經調整EBITDA虧損按年擴近1.9倍至33.14億元人民幣。匯豐研究績後削快手目標價至120元,重申「買入」評級。
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