《大行》大和升快手(01024.HK)可靈AI收入預測 維持目標價70元籲買入
大和研究報告指,快手(01024.HK)今年首季業績大致符合預期,日均活躍用戶(DAU)創新高達4.08億,日均活躍用戶平均每日使用時間為133.8分鐘,接近歷史高位水平。期內可靈AI收入達1.5億元人民幣。隨著可靈AI變現能力進一步提升,該行將可靈AI全年收入預測升至7億元人民幣,並認為AI投資支出對全年盈利的影響有限。另外,該行預期次季廣告收入將有低十位數(low-teens)按年增幅,下半年回復至高十位數(high-teens)增長;料直播業務次季增長5%。至於商品交易總額(GMV),該行預期全年升12%。
該行將2026至27年每股盈利預測下調6至7%,以反映AI建設投資及市場推廣費用增加。重申「買入」評級,維持目標價70港元。(ss/u)
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