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《大行報告》大和上調快手(01024.HK)目標價至95元 評級「買入」
阿思達克 08-23 10:31
大和發表報告指,快手(01024.HK)第二季度扭虧爲盈屬里程碑,盈利顯着好過市場預期,主要受惠獲取新用戶效率改善及收入結構優化,特別是本地業務經營邊際利潤率,按季提升7.2個百分點至11.1%。 報告指,期內直播業務增長放緩,估計監管壓力在下半年持續,因此將直播業務全年收入增幅預測,由中十位數下調至略低於10%。另外公司積極測試智能問答產品,預期可以提升廣告投放。 該行認爲公司成本控制得宜,新取及保留用戶的成本減少,有信心全年毛利率達到50%,將公司今年經調整盈利預測由42億元人民幣上調至72億元人民幣,目標價由92元上調至95元,評級維持「買入」。
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