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《大行報告》大和下調快手-W(01024.HK)目標價至92元 評級「買入」
大和發表報告指,快手-W(01024.HK)周四(19日)股價下跌9%,或大部分與市場猜測騰訊(00700.HK)或有處置快手股份的潛在機會。據快手管理層的說法,到目前為止,騰訊仍未討論以任何形式撤資。 該行指,公司客戶基數及流量維持強勁增長,並將用戶日均使用時間預測上調至128分鐘,同時維持第三季預測不變,料第三季收入大致上符合預期,而商品交易額(GMV)則達按年32%的增長;受惠成本減省奏效,毛利率料達50.7%。該行指,第四季的盈利能見度則較低,主要是宏觀經濟復甦較預期慢,並維持第四季收入及盈利預測大致上不變。 該行表示,將公司今年每股盈測上調6.8%,主要是第三季盈利能見度高,惟下調在2024年至25年每股盈測,因擔憂期內宏觀經濟復甦前景較預期慢。該行將其目標價由95元下調至92元,維持其評級為「買入」。
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