《大行報告》大摩下騰訊(00700.HK)目標價至600元 重申「增持」投資評級
摩根士丹利發表報告表示,重申對騰訊(00700.HK)「增持」投資評級,下調對其目標價由原來650元降至600元,對其核心業務按預測今年市盈率25倍作估值。
該行料騰訊2021年第四季收入1,420億人民幣(按年升6%),料非通用會計準則營運溢利370億人民幣按年跌3%,主要是料網遊收入按年增長放慢至5%(對比2021年第三季按年升7%),料內地網遊收入按年增長放慢至1%(對比2021年第三季按年升5%)。該行料騰訊上季料非通用會計準則純利301億人民幣按年跌9%(按季跌5%)。
大摩表示,下調對騰訊2022年收入預測5%,調低對騰訊2022年非通用會計準則營運溢利預測3%。該行指仍看好騰訊長線前景,料其2022年至2025年盈利複合增長率爲24%,指其估值吸引。
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