美圖公司漲超8%,大摩:1-4月付費用戶增速超2024全年
美圖公司(1357.HK)盤中一度漲8.7%,報5.87港元,最終收漲8.15%報5.84港元,總市值267億港元。年初至今,美圖累計漲101.24%。港股科技股行情回暖,今日恆生指數、恆生科技指數均漲超2%。作爲AI應用領域爲數不多實現規模化盈利的標的,美圖因業績兌現能見度高受到關注。公開信息顯示,目前,以付費訂閱爲主的影像與設計產品業務,是美圖業績增長的最主要驅動力。中金研報表示,截至今年2月,美圖公司生活場景下的國內付費滲透率已經達到5.2%。摩根士丹利最新報告透露,2025年一季度,美圖付費用戶增長持續加速,1-4月增速超過2024年全年。其中,生產力工具美圖設計室、開拍表現強勁。大摩稱,美圖管理層對生活場景產品和生產力工具的付費滲透率分別達到10%-15%和20%充滿信心。大摩、高盛、中金等多家大行表示看好美圖,上調目標價至6-7港元左右,給予2025年32-35倍PE。

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