《大行報告》瑞信下調閱文(00772.HK)目標價至45元 評級「跑贏大市」
瑞信發表研究報告指出,閱文(00772.HK)去年收入43億元人民幣,按年跌18%,並低過預期12%。該行預料,公司在線閱讀增長會因付費用戶下降而停滯不前,並被第三方渠道擴張所抵銷。免費閱讀方面,公司近期專注於用戶培養,而非變現。
該行指出,今年上半年閱文上映兩部電影,一部熱播劇及手遊《慶餘年》,相信可爲公司短期盈利提供支持。但在對長視頻及遊戲許可審批監管收緊的情況下,認爲公司前景能見度仍低。該行將閱文2022及2023財年盈利預測分別下調23%及24%,目標價由89元下調至45元,維持「跑贏大市」評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.