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《大行報告》麥格理升快手(01024.HK)目標價至64.4元 釋放盈利潛力
阿思達克 03-21 10:13
麥格理發表研究報告指,快手(01024.HK)上季業績表現勝預期,在穩健的廣告需求及持續的電商業務增長支持下,收入按年升15%,經調整純利錄44億元人民幣,創紀錄新高,分別超出該行及市場預期26%及30%。 該行指出,快手正步入平穩利潤率擴張周期,業務規模持續增長,與其他娛樂業同行類似,快手一直在積極發展直播業務,導致收入短期內有所下降,預測隨著內容生態完善,公司今年直播收入將按年跌8%,全年整體經調整淨利潤則預測按年增長64%至168億元人民幣。 麥格理將今明兩年盈利預期分別上調4%及3%,較市場預期高9%,憧憬快手未來將持續釋放盈利潛力,將目標價從61元上調至64.4元,維持評級「跑贏大市」。
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