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《大行報告》瑞銀:騰訊(00700.HK)手遊增長帶動盈利 目標價上調至520元
阿思達克 05-14 15:16
瑞銀發表研究報告,持續看好限制社交措施下,市民留家令騰訊(00700.HK)受惠,同時至明年會有很多的遊戲預計會推出,管理層的評論亦加強了該行的信心,預期今年以來時間手機遊戲的收入增長會至少有30%,接近去年第四季的水平,並帶動盈利向上,預期可以維持去年的經營溢利水平,而今年的盈利增長可達至少24%-26%。

該行指,廣告業務是其中一項擔心的因素,預期第二季會轉弱,管理層亦確認跨國廣告商需求下降。而社交媒體廣告則因產品改善有增長,預期今年餘下時間相關增長會與去年約30%-33%水平相若。

該行調升公司第二季及全年收入預期分別0.5%及3.9%,以反映遊戲和社交媒體廣告增長,同時預期公司將投資金融科技,調升今年毛利率預期204點子至44.7%,EBIT率預期上調160點子至29.9%,維持「買入」評級,目標價由480元升至520元。

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