《大行報告》大摩上調騰訊(00700.HK)目標價至500元 料未來3至4年純利可倍增
摩根士丹利發表報告指,市場欣賞線上娛樂在新型肺炎疫情爆發期間有暫時的韌性,而該行亦長期看好騰訊(00700.HK)的變現及釋放隱藏價值能力,因集團屬全球線上娛樂/社交行業的龍頭。
該行表示,聚焦於騰訊的結構性利好推動盈利增長及估值重評,包裝手機遊戲全球化及內容訂閱、非支付金融服務和企業雲應用。由於需要消費者和企業的行為改變,大摩以往曾預計此等業務將在未來十年逐步發展,但現在認為有關業務很可能由「留在家中」概念更早帶出,並在未來一至兩年展開。
該行對騰訊更為看好,上調對其股份目標價,由430元升至500元,評級維持「增持」。大摩預期,騰訊在經過數年跑輸同業後,將再開始有領先的表現,在未來三至四年的收入及盈利料可有逾倍增長,上調對集團明年及2022年收入預測分別3%及5%,非通用會計準則盈利預測亦調升6%及8%。
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