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《大行報告》里昂降閱文(00772.HK)目標價至29元 評級「跑贏大市」
阿思達克 02-28 10:00
里昂發表報告,預期閱文集團(00772.HK)去年下半年業績或令人失望,收入及利潤料均表現疲軟,其中線上閱讀業務行業競爭依然激烈,同時IP業務亦由於焦點劇集《慶餘年2》推遲至2024播出而受到影響。 閱文於去年曾表示將加強發展人工智能,從而賦能內容生產,目標在生成式人工智能(AIGC)技術支持下打造多模態多品類內容大平台。里昂預期,公司於AIGC技術的投資可能會在未來三至五年內為利潤率帶來壓力,相應將目標價由33元下調至29元。 但里昂預期,今年內容周期預期強勁,加上長期看好閱文是AIGC科技發展的主要受益者,因此維持「跑贏大市」評級。
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