《大行報告》富瑞上調快手-W(01024.HK)目標價至105元 評級「買入」
富瑞發表研報指,快手-W(01024.HK)去年第四季業績表現出眾,收入按年增長15.8%,較市場及該行預期高出3.7%及3.4%,主要是由於線上廣告和直播收入好過預期。GMV則符合預期,按年增長30%。
期內非國際會計準則下淨虧損為4,500萬元人民幣,遠低於市場預測的3.03億元人民幣及該行估計的1.42億元人民幣。富瑞透露,管理層在電話會議中強調其電商戰略,稱有助增強商品銷售及交付能力,同時付費用戶增長驅動直播業務發展。
富瑞預計今年快手的基本面和盈利能力將改善,維持「買入」評級,目標價從102元上調至105元,同時預測今年首季收入將按年增長15%,GMV則增長28%至2230億元人民幣,預期日活躍用戶數量可達到3.7億人,全年料增長5%。
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