《大行報告》大和下調騰訊(00700.HK)目標價至450元 重申「買入」評級
大和發表報告指,騰訊(00700.HK)旗下微信視頻號變現方面的步伐正在加快,長遠有多種盈利機會,隨著用戶增長和參與度提高,料由明年底開始視頻號將帶來有意義的收入。
大和預測,騰訊次季總收入將按年減少4.7%,至1,318億元人民幣,非美國通用會計準則下純利為220億元人民幣,主要受廣告情緒疲軟影響。當中,網絡廣告收入料將按年下降23%,網絡遊戲收入將按年下降2.3%。
該行將騰訊2022年至2024年收入預測減少2至3%,盈利預測調低2至8%,目標價由480下調至450元,重申「買入」評級,主要考慮到視頻號和遊戲的變現潛力,仍然認為目前的估值具吸引力,宏觀經濟復甦和新的關鍵遊戲推出將會是近期股價催化劑。
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