《大行報告》瑞信下調微博-SW(09898.HK)目標價至168元 季績符預期惟未來復甦步伐較慢
瑞信發表研究報告指,微博-SW(09898.HK)(WB.US)第三季業務復甦進展順利,對其預測保持不變,預計收入將達到4.5億美元,按年跌26%至,以固定匯率計算按年跌20%。
疫情及宏觀經濟疲軟,該行預期微博第四季復甦步伐可能較預期慢,人民幣貶值亦將帶來額外壓力,料帶來約11個百分點影響。瑞信將第四季收入預測下調至4.53億美元,即按年跌27%,或按固定匯率計按年跌16%。
瑞信預期,汽車、奢侈品和網絡遊戲行業保持彈性,而與消費相關的垂直領域,如快消品、3C和電商等則影響更大,將2022至2024年調整後每股盈利預測下調6%至8%,目標價由184元下調至168元,維持「跑贏大市」評級。
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