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交銀國際升騰訊目標價至604港元 料第二季總收入增10%

交銀國際發報告指,考慮到騰訊控股(0700.HK)穩定的業績表現及其AI生態空間的發展,以及集團股東回報,同時,該行認爲其AI投入已見成效,故上調目標價至604港元,對應2025年20倍的市盈率,維持“買入”評級。報告表示,騰訊首季業績超預期,其中利潤增速繼續快於收入。該行認爲,集團AI投入及資本支出增加影響,料其運營利潤與收入差異或將收窄,仍利潤增速仍將快於收入。受惠於AI技術的加持,集團各生態業務均有所增長。該行預計第二季總收入增10%至1778億元人民幣,全年收入增9.6%至7235億元人民幣。遊戲方面,該行認爲新遊戲或有助緩解此前市場對下半年遊戲高基數的擔憂。

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