《大行報告》瑞信料疫情對騰訊(00700.HK)影響大致中性 重申「跑贏大市」評級
瑞信發表研究報告指騰訊(00700.HK)去年第四季收入增長穩健,升25%至1,050億元人民幣,符預期,經調整純利升29%至255億元人民幣,亦大致符預期。
該行指,公司手機遊戲收入升37%,增值服務毛利略遜預期,廣告收入增長提速至19%勝預期,金融科技穩健升39%。至於新型肺炎疫情影響大致中性,手機遊戲可以短期受惠,該行料首季手遊增長達40%;不過廣告業務會受企業減少開支影響,但社交媒體廣告較大可能維持其韌性;而支付業務會受影響,因線下交易量在疫症爆發後顯著減少。
該行略調整騰訊2020及21年盈利預測約1%,重申對其看法正面,維持「跑贏大市」評級,目標價460元不變。
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