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《大行報告》瑞銀升閱文(00772.HK)評級至「買入」 目標價下調至54.9元
阿思達克 02-28 11:28
瑞銀髮表研究報告指出,閱文(00772.HK)股價自去年中期業績發佈以來已累跌43%,主要由於監管機構收緊對長視頻/電影內容和暫停新遊戲許可,影響閱文知識產權(IP)營運,不利其下遊客戶,加上公司在線閱讀領域的用戶增長相對疲軟。 該行相信,在線閱讀競爭格局已趨於穩定,而對長視頻和遊戲的監管不明朗因素已見底,閱文於監管環境下潛在復甦或成爲股價上行的催化劑,認爲公司風險/回報愈來愈具吸引力。 瑞銀將閱文2021至2023財年的收入預測分別下調19%至20%,經調整邊際利潤率上調至14%-18%,目標價由72元削至54.9元,評級由「中性」上調至「買入」。
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