大行評級丨中銀國際:預期騰訊音樂第四季度業績符合預期 維持“買入”評級
中銀國際發表研報,預期騰訊音樂2024年第四季度業績表現與市場預期一致,料總收入按年增長6%;經調整淨利潤率達到27%。當中,核心的音樂會員業務收入將按年增長17%。該行認為,騰訊音樂將持續依賴其核心音樂內容生態,以及豐富且融合的基建設施,通過加強商業化變現能力及提高商業化變現效率,從而在未來獲得穩定高質量的音樂業務增長。
中銀國際表示,考慮到騰訊音樂疊加穩定執行的回購及年度派息政策,故維持其“買入”評級,並將其H股目標價定於51港元。
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