《大行報告》美銀證券升騰訊(00700.HK)目標價至475元 評級「買入」
美銀證券發表報告指,下月13日公布首季業績的騰訊(00700.HK),在疫情下,市場根據之前公司的指引,對業務呈不同走向的趨勢早已有預期。該行料首季收入按年增長13%,基於該行預測首季手機遊戲業務增速提升至約50%,其中收購Supercell的貢獻成為推助力,而原本的手遊業務料有39%增長。電腦遊戲則料錄得雙位數倒退,網上廣告業務增速料放緩至15%,金融科技業務料錄得單位數增長。
該行下調今年全年在IFRS會計準則下每股盈利預測7.5%,反映較少投資收益,明年每股盈利預測則上調2.5%,同時上調今明兩年經調整營運溢利2%至3%,並上調2019年至2023年自由現金流升幅預測,自6%上調至8%,目標價相應自420元上調至475元,重申「買入」評級。
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