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《大行報告》招商證券料騰訊(00700.HK)次季收入按年增14% 評級「買入」
招商證券發表報告指,料騰訊(00700.HK)第二季收入按年增14%,其中,增值服務、廣告、金融科技將分別增長10%、22%和17%。遊戲業務方面,騰訊主打的《王者榮耀》及《和平精英》在5月表現較為疲弱,惟在6月呈現復甦。 該行指,排名前3至10名的現有遊戲總流水總額於次季按年增長26%。該行期待最近發布的《無畏契約手遊》和將於7月底發布的《命運方舟》,預計非國際財務報告準則淨利潤按年增31%至368億元人民幣,非國際財務報告準則淨利率則料達24.1%。 招商證券提到,騰訊第一大股東Naspers計劃繼續每年減持2至3%,並在2023年底減持至約24%至25%。該行重申,認為投資者對集團股價的預測已經考慮到Naspers的減持策略。該行對集團收入復甦及利潤率擴張前景感到樂觀,但考慮到其在內容、產品和人工智能技術方面的投資,預計增速將更為溫和。該行相信集團將繼續進行股票回購,其今年迄今已回購約5,800萬股,即約200億元,該行維持騰訊目標價426元及「買入」評級。
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