《大行》摩通重申快手(01024.HK)爲行業首選 目標71元籲增持
摩根大通研究報告指,重申快手-W(01024.HK)爲其於內地數碼娛樂行業的首選。該行對可靈AI的變現前景感到樂觀,因關鍵垂直行業如廣告等有大量需求,預期可靈AI未來5年收入有強勁的高雙位數增長。至於核心廣告業務,該行料2025年次季起,每季的按年增加會加速,由內部及外部廣告的變現加速所推動,並認爲快手是一個較少被留意到的合理價格成長型(GARP)股份,料其2026年至2027年純利複合增長率20%。
該行料快手的股價在未來6個月將會被重估,基於廣告業務加速及可靈AI變現能力上升;現予目標價71元(相當於預測明年市盈率12倍)及「增持」評級。
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