《大行報告》中金料騰訊(00700.HK)次季經調整淨利潤跌20%至273億人民幣 目標價下調4%至410元
中金發表報告指,預期騰訊(00700.HK)今年次季收入按年下降3%至1,339億元人民幣(下同),經調整淨利潤按年下降20%至273億元。
國內遊戲方面,中金觀察到4至5月《王者榮耀》流水按季有所恢復,但《和平精英》仍持續受未成年人保護影響流水表現較為疲軟,《英雄聯盟手遊版》貢獻了一定增量。該行預計次季國內遊戲
收入按年基本持平。海外遊戲在去年同期高基數及疫情防控平穩背景下同樣面臨放緩壓力。整體預計 遊戲收入將按年增2%至437億元,建議關注《Apex》手遊及後續《王者榮耀》海外版表現。
該行亦預計,騰訊的金融科技及企業服務業務次季收入增速將收窄至3%,即431億元。廣告收入將按年下降26%至168億元。
由於疫情、宏觀環境的影響,該行亦分別下調其今明兩年收入預測1%和2%,至5,721億元和6,357億元,下調今年經調整淨利潤4%至1,162億元,基本維持明年經調整淨利潤預期。維持「中性」評級,下調目標價4%至410港元。
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