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《大行報告》大摩料快手-W(01024.HK)次季收入按年升26% 評級「增持」
阿思達克 07-21 10:16
摩根士丹利發表報告指出,預期快手-W(01024.HK)次季收入273億元人民幣,按年增長26%,按季則升8%,主要由於其他收入(電商)的按年增長53%及廣告收入升28%所推動;由於整個行業的內容調整,直播收入按年增長或放緩至16%;毛利率由第一季的46.4%擴至第二季的47.4%,主要受惠於利潤較高的廣告及電商貢獻增加。非國際財務報告準則(Non-IFRS)下淨利潤預測達14億元人民幣,較市場預期高出26%;日活躍用戶達3.71億,按年增長7%,每日用戶花費時間為118分鐘,按年跌6%。 該行認為,快手是其覆蓋的廣告/電商平台中,少數由去年第四季以來連續幾個季度提高預測的股份之一。該行料快手貨架電商的推出將進一步加速公司下半年增長。對其目標價85元,評級「增持」。
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