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《大行報告》瑞銀微降騰訊(00700.HK)次季非通用會計準則純利預測0.9%至229.37億人民幣
阿思達克 07-22 11:08
瑞銀發表研究報告指出,騰訊(00700.HK)的風險回報將於2023年在正面催化劑作用下逐漸改善,但短期內遊戲及廣告業務仍受壓,主要由於監管不確定性及宏觀問題。估計其社交和媒體廣告業務的復甦將較電商業務慢,因公司削減營銷開支。此外,股東Prosus出售騰訊股份及潛在進一步行動都是懸而未決的問題,將影響公司的資產淨值折讓。 該行微降騰訊次季非通用會計準則純利預測0.9%,至229.37億元人民幣,並對其收入預測下調3.1%至1,346億元人民幣。另將公司次季移動遊戲和廣告收入預測下調3.8%及6.6%,以反映短期不利因素。對其2022及2023財年收入預測分別下調2.6%及2.2%,意味著按年增長3%及13.7%。 此外,瑞銀維持對騰訊未來幾年的收入呈低雙位數增長預測,但料盈利增長為近收入的兩倍,主要由於高毛利分部市場的高速增長及更好的成本控制。維持對其「買入」評級,目標價420元。
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