《大行》野村:騰訊音樂(TME.US)次季業績勝預期 目標價升至30美元
野村發表研究報告指,騰訊音樂(01698.HK)(TME.US)第二季業績勝預期,主要受到非訂閱在線音樂服務(OMS)收入強勁增長所推動。公司季度收入按年增長18%至84億元人民幣,較市場預期及該行預測高出6%,其中非訂閱OMS收入按年大增47%,遠高於該行預期的增長25%。毛利率按年提升2.4個百分點至44%,非國際財務報告準則經營利潤率提升4.2個百分點至32%,反映具有營運槓桿效益。非國際財務報告準則淨利潤按年增長37%,亦較市場預期高13%。野村將騰訊音樂美股目標價由21.5美元上調至30美元,維持「買入」評級。
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