You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》瑞信首予快手-W(01024.HK)「跑贏大市」評級 目標價135元
阿思達克 09-14 10:49
瑞信發表研究報告,首予快手-W(01024.HK)「跑贏大市」評級,目標價135元,指其為內地第二大短視頻平台,擁有超過5.1億月活躍用戶基礎。快手向其社群提供吸引價值,用戶增長復甦,以及變現有重大上行空間,料收入在2020至2023年間年均複合增長達31%。 報告稱,今年下半年快手用戶增長料加快,源於內容投資及架構升級帶來成果。該行料快手應用程序在2021至2023年日均活躍用戶分別達3.13億、3.35億及3.65億戶。 瑞信表示,料廣告業務推動快手中期增長,電商總平台交易額續規模擴張,而串流繼續是穩定現金牛。該行稱,留意短期由數據保安帶來的監管不確定性,但料快手專注於私人流量較少受影響。 該行認為快手風險回報吸引,股價調整已反映短期用戶增長及變現慢過預期。本地業務逐漸邁向收支平衡及用戶增長復甦料可成為估值重評的催化劑。 瑞信料快手2021至2023年各年收入分別達793.7億、1,044.9億及1,321.9億元人民幣(下同),每股虧損分別料7.13元、4.42元及2.88元。
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.
uSMART
Wealth Growth Made Easy
Open Account