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《大行》瑞銀:騰訊(00700.HK)核心業務盈利增長前景明確 重申為首選股
阿思達克 07-11 11:48
瑞銀發表研究報告,騰訊(00700.HK)將於8月公布2025年第二季業績,目前預測收入按年增長11%至1,560億元人民幣,經調整淨利潤增長4%至600億元人民幣,當中國內及國際遊戲收入預料增長15%及21%,主要來自王者榮耀、和平精英、PUBG及使命召喚等遊戲穩健表現所帶動。 次季廣告業務收入預計增長17%,FBS收入增長預期加快至7%。瑞銀認為,在AI提供更顯著收入貢獻之前,公司的核心業務及微信小程序商店仍將繼續提供明確的盈利增長前景,中期來看AI變現潛力巨大,認為現價尚未完全反映AI代理及宏觀改善的潛力,其估值仍具吸引力。該行微調騰訊2025至2027年盈利預測,維持目標價710元及「買入」評級,重申為首選股。
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