《大行報告》摩通上調快手-W(01024.HK)目標價至90元 評級「增持」
摩根大通發表報告指,快手(01024.HK)第二季度業績反映執行能力穩定、營運效益提升,將今明兩年經調整每股盈利預測,分別上調84%及15%,該行預測較同業高出4%,相信盈利預測繼續有潛力提升,維持「增持」評級,目標價由80元上調至90元。
報告指,快手平台流量強勁,電商基建持續改善,未來兩至三年,會繼續推動商品交易額(GMV)穩定增長,第二季貨幣化率(take rate)達4%,預料將繼續提升,估計今明兩年電商業務相關收入,分別增長49%及26%。
該行亦將今明兩年的毛利率預測,分別上調3.2及3.6個百分點,至50%及52%,以反映收入組合更加趨向電商及廣告業務。
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