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大行評級 | 大摩:料騰訊上季少賺7%,降目標價至350美元
格隆匯 10-11 17:35
格隆匯10月11日丨大摩發研報指,預計騰訊(0700.HK)第三季收入同比跌3%至1390億元人民幣,非通用會計準則經營利潤料同比跌7%至379億元人民幣,以反映遊戲市場需求正常化和廣吿業務的復甦仍不温不火。但報吿認為,發展快速的視頻號變現和關鍵遊戲大作的發佈將催化收入表現轉向。該行下調騰訊2022-24年的收入預測0-2%,調低非通用會計準則經營利潤預測1-3%,以反映近期的盈利壓力和疫情防控影響;維持“增持”評級,目標價由400美元元下調12.5%至350美元,相當於2023年預測市盈率的17倍。報吿又指,注意到騰訊近期的回購步伐較2021財年時有所加快,認為這能為股價提供一定緩衝。該股現報254.6港元,總市值24488億港元。

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