《大行報告》富瑞料騰訊(00700.HK)上季非國際準則淨利潤按年升34% 多元化模式驅動增長
富瑞發表報告,維持騰訊(00700.HK)「買入」評級,目標價478港元。該行預計於2023年第四季,騰訊總收入按年增長約7%至約1,550億元人民幣,多元化模式成為驅動增長元素。按細分市場劃分,網絡遊戲收入料增長1.2%至420億元人民幣;廣告收入料增長17%至288億元人民幣;金融科技和商業服務收入料增長14%至538億元人民幣。
富瑞指,考慮到向高利潤率業務的轉變,以及新遊戲《元夢之星》的營銷支出增加,預計非國際財務報告準則營業利潤按年增長30%至510億元人民幣。非國際財務報告準則營業利潤率按年提升6個百分點至33.2%。非國際財務報告準則純利預計將按年增長34%至約397億元人民幣。
另外,富瑞指,在參加成都天美工作室之行的收獲包括其網絡遊戲的成功來自創新和以投資回報率建立規模和生產的能力;工作室之間的分享和互動推動創新;與海外玩家相比,中國玩家對持續創新的高品質遊戲有更高的要求;工作室專注於各自的核心類型;《王者榮耀》的海外戰略;釋放《王者榮耀》的IP價值。
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