《大行》中銀國際升騰訊音樂(01698.HK)目標價至93.8元 料次季收入按年增長12%
中銀國際發表研究報告指,預期騰訊音樂(01698.HK)(TME.US)次季收入按年增長12%,當中音樂業務升19%,符合預期。該行又預計季度音樂付費用戶增加150萬,每付費用戶平均收入(ARPPU)為11.7元人民幣,按季增加2%。該行料第二季毛利率為44.8%,經調整淨利潤率為28.9%,兩項數據均略高於預期。
該行認為,騰訊音樂將進一步豐富盈利渠道,並透過更精細的營運深化細分用戶的商業化提取,以提升認同感。該行維持公司「買入」評級,並進一步將H股目標價由73.8港元上調至93.8港元,而美股目標價則由18.8美元調升至23.9美元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.