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《大行報告》野村降騰訊(00700.HK)目標價至500元 上季業績弱及料今年上半年前景仍困難
阿思達克 03-24 09:35
野村發表報告指出,騰訊(00700.HK)上季業績弱,去年第四季收入按年增長8%,非國際財務報告準則經營利潤按年跌12%,但非國際財務報告準則每股盈利按年跌25%,低過該行及市場預期17%,主要由於集團聯營及合營公司意外轉虧,涉錄得8億人民幣虧損。 該行預期騰訊旗下廣告收入增長或於上半年維持疲弱,按年再跌11%,而該行估計在有利的基數效應及中國宏觀環境可能改善的情況下,料騰訊今年下半年廣告收入將復甦(按年增長16%)。另該行估計騰訊2022財年線上遊戲收入按年增長8%,對比其2021財年增長為10%。 野村重申對騰訊「買入」評級,目標價由586元降至500元,認為公司業務增長將於2022財年保持低迷,料今年上半年前景仍困難,但相信其來自小程序、國際遊戲市場及企業服務的三個關鍵領域的新驅動因素,長期前景仍然樂觀。
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