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研報掘金|招商證券:微升騰訊目標價至474港元 遊戲強勁復甦推動次季業績
格隆匯 08-20 10:46
招商證券發表研究報吿指,騰訊次季收入符預期,盈利勝預期,遊戲強勁復甦及廣吿增長推動了強勁業績和利潤率改善。該行料強勁的遊戲表現和利潤率擴張將繼續支撐下半年表現。該行將公司目標價由470港元微升至474港元,維持“增持”評級。招商證券料騰訊今年第三季收入按年增長10%,主要受益於其強勁的遊戲表現。利潤率擴張仍在進行中,料非國際會計準則(non-IFRS)經營利潤按年增長32%,經營利潤率為40.2%,較去年同期增長6.8個百分點。該行表示,騰訊維持今年回購1000億港元的目標,年初至今已回購約614億港元,另外上調2024年至2026財年的non-IFRS淨利潤預測10%至12%,預計利潤率將進一步改善。
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