《大行報告》摩通下調微博(WB.US)目標價至13美元 評級「中性」
摩根大通發表報告指,投資者均預期廣告週期是推動微博(WB.US)估值倍數的關鍵,即使目前集團處於歷史低點的4.8倍遠期市盈率,惟該行認為該估值或因缺乏廣告恢復的能見度而仍然被低估。
該行預料,今年第三季收入按年跌25%,與第二季相比,降幅進一步擴大,主要是人民幣貶值。該行預料汽車、奢侈品和遊戲等類別的表現跑贏大市,而非必需品的消費和智能手機等將繼續面臨逆風。
該行表示,將集團今年及明年收入預測分別下調2%及8%,非公認會計準則淨利潤預測則分別降2%及7%,並將其目標價由21美元下調38%至13美元,維持其評級為「中性」。(ca/k)
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