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《大行報告》匯豐研究降快手(01024.HK)目標價至78元 持續達到營收增長期望評級「買入」
阿思達克 01-22 11:00
匯豐研究發表報告指,快手(01024.HK)一直以來業績穩健,但股價卻在今年下跌17%,因市場擔心股東拋售風險,以及廣告和電子商務市場份額的增長落後於抖音等。 不過,匯豐研究認為以上擔憂並不能改變快手是市場上唯一一間上市短視頻公司的事實。快手2024年市盈率預測為13倍,而兩年盈利年均複合增長率為40%,估值具有吸引力。根據該行估計,由於盈利表現強勁,與字節跳動的估值差距亦有所縮小。 該行認為,潛在的收入增長和持續的盈利驚喜,是快手股價上漲的關鍵。考慮到該行最新估計,將目標價由86元下調至78元,但維持「買入」評級。此外,快手通過在靜默期回購亦能為估值提供支持。
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