《大行報告》建銀國際料快手-W(01024.HK)第三季業績穩固 評級「跑贏大市」
建銀國際發表研究報告指,快手-W(01024.HK)即將公布第三季業績,預期表現穩健,盈利能力改善,預測收入將按年增長19%至276億元人民幣,當中廣告及電商業務預期繼續向好,收入相信可繼續跑贏同業,料廣告及其他業務分別增長25%及35%,而直播業務收入增長則放緩至7%。
該行預測,快手毛利率將按季提升1.3個百分點至51.5%,經調整經營利潤率料提升1.1個百分點至9.6%,經調整淨利潤料達到27.5億元人民幣,高於市場普遍預期約16%。
建銀國際指,雖然「618」年中大促後國內消費市場復甦步伐較緩慢,但仍預計今年第三季快手電商GMV將按年增長30%,高於市場增速,主要來自於商家參與度提升、平台提供具競爭力的產品及市佔率效益,看好快手擁有強大的用戶基礎,維持「跑贏大市」評級,目標價為95元。
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