《大行報告》中金:騰訊(00700.HK)增長明確 以穩健姿態迎接AI大模型趨勢
中金發表評級報告指,騰訊(00700.HK)首季內地遊戲呈較強的復甦趨勢,多個重點遊戲流水再創新高,集團預計未來或將呈正常季節性特徵;中金認為,海外遊戲增速或高於內地,騰訊將繼續踐行其海外投資戰略,自研出海以及與IP方合作也同步進行。中金表示,騰訊內部給予AI領域其高度重視,視其為業務發展的倍增器,並以更長期的眼光對AI事業進行投入。
中金又指,除大模型AI等帶來變革型機會外,騰訊未來潛在增長點將在視頻號、海外遊戲、「一門三傑」(騰訊會議、企業微信、騰訊文檔)引領下的SaaS生態、金融科技業務等。中金認為,考慮到新業務帶來的經營槓桿和公司效率提升,利潤增速有望超越收入增速。
中金維持對騰訊盈利預測基本不變,同時亦維持其目標價為475元,以及其評級為「跑贏行業」。(ca/u)
~
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.