《大行報告》海通國際料騰訊(00700.HK)上季非通用會計準則純利按年升三成至385億人幣
海通國際發表研究報告,預測騰訊(00700.HK)去年第四季度總收入按年增長7%至1,560億元人民幣,較市場預期低2%,因該行將遊戲及廣告業務收入預測分別下調6%和3%。
海通同時上調營運開支預測,相應地將第四季非通用會計準則淨利潤預測調整為按年增長30%至385億元人民幣,較市場預測低10%。該行估計,在不確定因素增多的情況下,騰訊更有耐性發展遊戲業務,並將更著重利潤層面,以實現更可持續的增長。
該行同時看好騰訊的廣告業務具有結構性增長動力,因此即使其收入面臨短期壓力,仍對騰訊2024財年的增長前景充滿信心,預期2024年度非通用淨利增長幅度可繼續超越收入增長,維持「跑贏大市」評級及目標價407元。
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