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《大行報告》大和下調騰訊(00700.HK)目標價至395元 評級「買入」
阿思達克 10-03 11:43
大和發表研究報告指,預期騰訊(00700.HK)下半年遊戲收入增長將會進一步放緩,惟料增長將在2023年重新加速,將集團目標價由430港元下調至395港元,維持「買入」評級。由於遊戲和廣告收入增長可能放緩,將其2022至24年的收入預測下調2至3%。 該行預計,集團2022年第三季的總收入將按年下降3.7%至1,372億元人民幣,主要受網絡遊戲按年下降9.3%和網絡廣告按年下降12.6%所引致。這將使其調整後營業溢利按年跌8%至376億元人民幣。 該行估計騰訊7至8月在內地的智能手機遊戲總收入按年收縮10%至15%。將其2022年第三季度的網絡遊戲收入增長預測調整至按年收縮9.3%,和2022年第四季度料按年收縮9.5%,又繼續期待在今年末推出Undawn並加強變現,以重新加快網絡遊戲業務的收入增長。該行相信,集團廣告收入仍將受到宏觀不穩定因素影響,又認為積極的股票回購將有助於穩定其第四季度的股價。
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