《大行報告》中金升騰訊(00700.HK)目標價至541元 但維持「中性」評級
中金發表研究報告,指騰訊(00700.HK)第二季收入按年增長29%至1,150億元人民幣,勝市場預期,來自遊戲及金融科技的收入均較預期高出2.2%。非通用會計準則計算的純利300億元人民幣,較市場預期高出3.4%。
該行指,騰訊的在線遊戲收入超出市場預期,預期未來在現有和新遊戲的強勁表現支持下,遊戲收入能見度會持續高企。在廣告業務方面,隨著公司鞏固其廣告銷售渠道,預期銷售效率會在短期內提高;從長遠而言,雖然執行上仍具不確定性,但看到仍可從新的廣告渠道,例如視頻帳戶及搜尋器中看到廣告量增長。
該行將公司2020至2021年的收入預測分別提升2%,經調整非通用會計準則計算的純利預測則分別上調5.3%及13.9%。目標價調高1.9%至541元,並考慮目前估值,維持「中性」投資評級。
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