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《大行報告》高盛升騰訊(00700.HK)目標價至556元 料次季非通用會計準則多賺25%
阿思達克 08-11 14:37
高盛發表研究報告指,騰訊(00700.HK)即將公布第二季業績,預期次季收入按年增長28%至1,140億元人民幣,非通用會計準則下經營溢利增長31%至358億元人民幣,經調整淨利料增長25%至293億元人民幣。

報告指,騰訊次季網絡遊戲收入保持約31%的按年增幅(首季33%),當中手機遊戲增長更達52%。預期上半年內地網上遊戲玩家人數約6.58億人,在騰訊消費增22%至1,400億元人民幣,當中手遊付費額增長約36%,抵消了電腦遊戲收入6%的跌幅。

該行預期,次季線上廣告增長17%,增幅較首季的32%收窄;隨著更廣泛線下經濟復甦,第二季金融科技收入料增長27%,增幅較首季提升9個百分點,而雲技術收入增長則預期加速至60%(首季40%)。

就美國近日對騰訊旗下微信實施禁令,高盛估計微信在美國的用戶少於500萬,而其月活躍用戶人數為12億,風險敞口不大。該行引述SensorTower的數據,預期騰訊第二季度美國市場收入1.42億美元,主要來自Supercell及PUBG。

展望未來,高盛預期騰訊可利用其遊戲技術、IP及產品組合,推動市場份額增長,過去投資800家公司的資產價值達到1,650億美元,亦可為騰訊帶來可觀回報,將目標價上調3%至556元,維持「買入」評級。

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