野村:重申騰訊(0700.HK)“買入”評級 目標價428港元
野村發表研究報告指,騰訊(0700.HK)第三季度業績大致符合預期,第四季度前景正在改善,其第三季度收入按年增長21%,非通用會計準(non-GAAP)每股收益按年增長24%),均符合該行預期,惟分別略低於市場預期2%及3%。該行重申對騰訊“買入”投資評級,及目標價428港元。
野村表示,騰訊的手機遊戲、社交廣告、金融科技和雲服務繼續實現可觀的增長,而電腦(PC)遊戲和媒體廣告仍然疲軟。不過,騰訊non-GAAP營業利潤率為27.5%,按年增長0.8個百分點,勝預期。
另外,該行認為騰訊業務的前景或會改善,尤其在增持Supercell後的手遊業務,加上電子商務的主要客户支出增加,有利帶動廣告業務。該行指騰訊有意進一步通過提供增值金融科技服務來增加金融科技及支付服務的潛在收入。
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