大華繼顯:維持騰訊(0700.HK)買入評級 目標價557港元
大華繼顯發表研究報吿指,由於監管環境持續利淡,騰訊(0700.HK)的股價已從2月21日的高位累計回落約42%,但認為騰訊的海外遊戲業務、元宇宙中獨有地位、微信生態圈貨幣化的機遇,及軟體即服務(SaaS)+雲業務等將繼續督定集團的長遠增長。然而,在政府結構性監管轉型承諾下,整體互聯網板塊的估值將持續承壓。該行維持騰訊“買入”評級和557港元的目標價。
人行早前將條碼支付亦納入監管,使用個人收款條碼的商家須轉申請商用的收款條碼。報吿認為,上述要求將不會對電子支付行業構成根本性轉變。現時個人用户在提取現金至銀行户口時,平台會收取0.1%的手續費,但商用帳户則收取提取額的0.3%-0.4%,相信微信支付將跟隨阿里巴巴旗下的支付寶的做法,為商用帳户提供手續費豁免至2024年的9月底。
報吿又預料,騰訊的線上廣吿業務將持續放緩,而遊戲業務則獲海外市場支撐。

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