大行評級|高盛:上調快手目標價至80港元 續列“確信買入名單”
高盛報吿指,快手首季收入符合預期,但非國際財務報吿準則淨利潤較該行及市場預期高33%及39%。該行認為,快手業績反映公司的具質素收入流(串流直播除外),透過每千次展示獲得廣吿收入(eCPM)在廣吿科技升級下改善,並持續交出20%按年增長。業績亦反映收入組合改變及經營開支紀律帶來的盈利率擴張,以及對股東回報承諾。該行相信公司繼去年盈利預測被上調五成後,市場將再上調今年盈利預測。該行預期公司今明兩年淨利潤分別180億及250億元。縱使該股自上月中以來累升30%,目前股價僅為預測市盈率13倍,對比今明兩年每股盈利增長預測分別為75%及37%。該行把快手目標價由75港元上調至80港元,維持“買入”評級,並同時保留在“確信買入名單”。
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