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研報掘金|光大證券:維持騰訊“買入”評級 目標價430港元

光大證券發佈研究報吿稱,騰訊各業務線潛力可觀,維持“買入”評級,目標價430港元,2023-25年Non-IFRS歸母淨利潤預測1506/1768/1982億元。該行認為,對於騰訊,流量打通可以顯著地帶來淘系在微信體內購入廣吿收入的提升,且有望在中長期幫助視頻號電商引入更多商家,擴張GMV規模並提升騰訊企業服務收入。遊戲板塊方面,第三季度《王者榮耀》推出皮膚數量增多,《和平精英》則與B站舞蹈UP主合作推出主題道具,隨着上述商業化力度加大,23Q3收入增長有望邊際提速;海外市場持續發力,《PUBGMobile》6、7月海外收入分別環比上升27%、15%。

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