《大行報告》大和相信騰訊(00700.HK)與Sea(SE.US)戰略合作關係變化有限
騰訊(00700.HK)宣佈減持新加坡遊戲及電商公司Sea(SE.US)約1,450萬股股份,持股比例從21.3%降至18.7%,另承諾會將手持Sea的B股悉數轉換爲A股,轉換後騰訊於Sea的投票權將降至10%以下。
大和發表研究報告認爲,騰訊有意長期持有Sea的大部分股權,隨着其放棄於Sea的大部分投票權,相信雙方戰略合作關係變化有限。而騰訊於Sea的投票權下降,對Sea創辦人的投票權只會從54%略爲增加至57%。騰訊減持Sea的所得款項將重新用於投資和併購活動,部分收益還可資助騰訊的社會責任項目。該行給予騰訊「買入」評級,目標價爲650元。
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