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《大行報告》高盛微降騰訊(00700.HK)目標價至502元 評級「買入」
阿思達克 08-19 10:40
高盛發表研報指,由於主動管理成本,騰訊(00700.HK)第二季盈利表現超出預期,管理層透露未來幾季利潤下跌幅度將收窄,有望恢復增長。 高盛對騰訊前景保持建設性看法,預期廣告業務將復甦,同時憧憬視頻號的貢獻9月起提升、國內遊戲或獲批版號、明年產品管線潛力,以及更多成本控制舉措將在下半年取得成果,因此維持「買入」評級。 但計及最新業績及管理層看法,高盛將騰訊2022至2024年收入預測下調1%至2%,以反映遊戲收入降低,但預期未來遊戲及金融科技及企業服務業務毛利率會提升,將調整後經營溢利率預測提高30至150個基點,現在預計2022年調整後淨利潤將按年跌7%,目標價從503元微輕下調至502元。
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