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《大行報告》富瑞:騰訊(00700.HK)上季收入符預期 非通用會計準則盈利高於預期
阿思達克 11-18 12:28
富瑞發表研究報告指,騰訊(00700.HK)第三季收入表現符合市場預期,更較該行預測高出1.6%,非國際會計準則營業利潤增長保持穩定,非國際財務報告準則淨利潤按年增幅更超出預期,新遊戲供應及遊戲玩家支出提升,推動國內遊戲業務收入增長,預計第四季線上廣告業務將恢復按年增長,維持「買入」評級。 期內增值服務收入下跌3%至727億元人民幣,高於麥格理預測的713億元人民幣。當中手遊業務總收入下降4%至410億元人民幣,亦高於該行預測,而PC端遊戲收入則按年保持平穩。 富瑞指,騰訊於國際遊戲領域持續拓展,期內推出《Tower of Fantasy》和《勝利女神:妮姬》等新遊戲,與育碧的戰略合作夥伴料有利於騰訊在全球市場取得更多3A級遊戲,相信國際遊戲收入未來增長速度將快於國內遊戲。 視頻號發展方面,預測第四季商業變現規模將達到10億元人民幣。富瑞表示,騰訊擁有多元化的廣告產品組合,對第四季可實現按年增長的預測維持不變,亦維持「買入」及目標價421元不變。
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