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《大行》里昂升騰訊音樂(01698.HK)目標價至110.7元 評級「跑贏大市」
阿思達克 08-14 10:23
里昂發表研究報告指,騰訊音樂-SW(01698.HK)(TME.US)次季經調整每股盈利勝市場及該行預期分別達17%及12%,達每股美國預託證券1.66元人民幣,按年升39%,受惠於公司的嚴格控制成本、付費用戶平均收入(ARPPU)和非訂閱收入等強勁增長。 該行指,這一系列穩健業績證明集團具備從音樂串流服務供應商轉型為綜合娛樂平台的競爭力,受惠於其生態系統和強勁的消費者需求。該行指,將集團盈利預測上調,其H股目標價由97.1元上調至110.7元,美股目標價由25美元升至28.5美元,維持其評級為「跑贏大市」。 該行預期其第三季總收入按年升17%至82億元人民幣,考慮騰訊音樂的音樂相關服務持續擴張及維持可持續的長期增長,上調對其今明兩年經調整純利預測分別3.8%及8.6%。
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