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大行評級丨大摩:上調騰訊音樂盈測 目標價調高13%至14.7美元
摩根士丹利發表報告,上調騰訊音樂(1698.HK)目標價13%至14.7美元,予“增持”評級。另外,上調今明兩年盈利預測,收入分別調高1.1%及2.3%。騰訊音樂是第一批在騰訊生態系統中整合DeepSeek人工智能(AI)模型,並已在其音樂應用程式中推出衆多功能,AI音樂助理將帶來更多用戶,管理層特別指出此功能具有良好商業潛力,現在每首歌10元人民幣,並可能包含在SVIP特權中。AI也能發揮在音效及品質改進方面。大摩預期騰訊音樂今年收入310.72億元人民幣,經調整每股美國存託股份盈利調高約1%,至5.74元人民幣,經調整經營溢利調高1%至100.47億元人民幣。明年收入調高至344.18億元人民幣,經調整經營溢利上調2%至116.14億元人民幣。
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