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《大行報告》高盛下調嗶哩嗶哩-SW(09626.HK)目標價至231元 料次季業務能見度仍低
就嗶哩嗶哩-SW(09626.HK)(BILI.US)上週五公佈,3月中旬起,包括上海在內的多個城市和區域先後實施靜態管理,對整體經濟和企業經營帶來了一定影響。基於此公司預計2022年第一季的淨營業額將介於50億元至51億元人民幣,較今年3月預計的53億元至55億元人民幣下調。高盛發表報告,下調嗶哩嗶哩2022年至2024年收入預測9%、10%及10%,料網遊業務拖低營運毛利率,調低對嗶哩嗶哩2022年至2024年淨利潤率至-26.3%、-11.2%及-1.9%。 該行重申對嗶哩嗶哩「中性」評級,按現金流折現率作估值,對其目標價由268元下調至231元。 高盛指,嗶哩嗶哩首季業務受包括上海在內的多個城市和區域先後實施靜態管理所影響,令廣告及電商業務受壓,並料其今年第二季能見度仍然較低。(wl/u) ~
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