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《大行報告》花旗下調騰訊(00700.HK)目標價至400元 評級「買入」
花旗發表報告,預計騰訊(00700.HK)第三季利潤跌幅進一步收窄,第四季有機會恢復正增長。雖然宏觀環境不確定性仍會拖累業績,但相信騰訊優秀的管理和成熟的執行紀錄可以克服充滿挑戰的環境,並在經濟好轉時有強勁的表現。維持「買入」評級,目標價由468元降至400元。 報告指,騰訊9月加強了回購勢頭,並在10月中進一步提升回購金額,認為再次證明管理層對股東回報的承擔和對估值的看法。 花旗預測,騰訊第三季的總收入將按年下降2.4%至1,390億元人民幣(下同),非美國通用會計準則的淨利潤將按年下降8.3%至291億元。當中,料遊戲收入跌2.1%至439億元、廣告收入跌13.5%至195億元、金融科技及企業服務業務收入料按年升3%至446億元。 展望第四季度,該行預測總收入為1,441億元,按年輕微下降0.1%,非美國通用會計準則下的淨利潤為290億元,按年增長16.5%。而市場預測分別為1,494億元和323億元。
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