《大行报告》汇丰研究降快手(01024.HK)目标价至78元 持续达到营收增长期望评级「买入」
汇丰研究发表报告指,快手(01024.HK)一直以来业绩稳健,但股价却在今年下跌17%,因市场担心股东抛售风险,以及广告和电子商务市场份额的增长落后于抖音等。
不过,汇丰研究认为以上担忧并不能改变快手是市场上唯一一间上市短视频公司的事实。快手2024年市盈率预测为13倍,而两年盈利年均复合增长率为40%,估值具有吸引力。根据该行估计,由于盈利表现强劲,与字节跳动的估值差距亦有所缩小。
该行认为,潜在的收入增长和持续的盈利惊喜,是快手股价上涨的关键。考虑到该行最新估计,将目标价由86元下调至78元,但维持「买入」评级。此外,快手通过在静默期回购亦能为估值提供支持。
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