《大行報告》德銀下調嗶哩嗶哩(BILI.US)目標價至32美元 評級「買入」
德銀發表報告,指嗶哩嗶哩(BILI.US)次季收入表現大致上符合預期,惟由於廣告業務展望疲軟,第三季收入指引(按年增10%)較市場預期低出4%;該行指,即使收入增長軌跡放緩,集團仍能在用戶使用時間及變現方面,保持一定的份額,這表明集團基本面仍穩固。
該行表示,受惠於成本優化舉措,該行對於由今年下半年起逐步提高利潤率,感樂觀,並將今明兩年收入預測下調5%及11%,以反映增長前景放緩,同時由於經營去槓桿,該行將公司今明兩年淨利潤預測分別下調5個及3個百分點。
該行將其美股目標價由40美元下調至32美元,以及維持其評級為「買入」。
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