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《大行報告》麥格理重申騰訊(00700.HK)「跑贏大市」評級 成本結構較好支持盈利可見性
阿思達克 12-08 10:33
麥格理發表報告指,騰訊(00700.HK)用戶生態系統具有吸引力同黏性,加上穩定的市場定位以及有利的收入組合,為可持續增長提供能見度。該行預計,即使存在競爭和周期性因素,視頻賬戶貨幣化將推動廣告業務持續增長。維持「跑贏大市」評級,目標價455元。 報告指,騰訊的成本結構較好支持盈利可見性。雖然金融科技及企業服務業務復甦可能會滯後,但相信憑借穩健的遊戲產品線、海外擴張和廣告錢包份額,騰訊仍將保持良好的發展勢頭。該行預計,騰訊明年總收入將按年增長12%,經調整利潤按年增長22%。
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