《大行報告》美銀證券上調騰訊音樂(TME.US)目標價至9.8美元 評級「買入」
美銀證券發表報告指,與騰訊音樂(TME.US)管理層舉行了數個投資者會議,在毛利改善及訂閱收入增長健康下,集團對其音樂業務有信心。
該行提到,隨著收入共享模式普及,加上最低保證模式的調整,內容成本結構變化令集團的音樂毛利進一步提高;其亦正與更多中小型音樂品牌簽署新的收入分成協議,同時降低與頂級音樂品牌的固定費用。
美銀證券上調騰訊音樂美股目標價,由8.3美元升至9.8美元,評級維持「買入」,並微升集團明年及2024年每股盈利預測,反映更佳的毛利表現。
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