You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》美銀證券上調騰訊音樂(01698.HK)目標價至35元 評級「買入」
美銀證券發表研究報告指,騰訊音樂(01698.HK)第三季業績基本符合預期,其中,音樂業務和直播業務表現略為好轉,公司對第四季和明年的增長前景充滿信心。音樂用戶人數和ARPU作為雙引擎推動增長,公司預計ARPU將持續上升,並將15元人民幣作為未來3至5年定價和改善營運的目標。該行料公司2024及25年的ARPU分別為11元人民幣及12元人民幣。 報告指,在免費廣告模式和贊助模式下廣告增長、社交業務穩定、內容成本槓桿和有效營運支出控制,帶動音樂利潤率擴張,該行相信,公司目前在音樂產業的利潤水平有進一步增長的空間。 該行指,因應公司正面前景,上調其2023至25年的盈測2至5%,目標價由34元上調至35元,重申「買入」評級。該行預計,集團將有更明顯利潤增長,將進一步推動股價上升。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account