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.
研報掘金|中金:維持騰訊“跑贏行業”評級 遊戲業務前景仍然穩健
格隆匯 01-17 15:30

中金髮表研報表示,近日回顧騰訊整體表現,認為其遊戲業務前景仍然穩健,增加股票回購突顯對未來的信心,公司在注重股東回報的同時,亦持續實現高質量盈利增長,維持“跑贏行業”評級,目標價468港元,對應今明兩年預測市盈率約16及14倍。基於營運槓桿,中金預期騰訊去年第四季非國際財表準則經營溢利將按年增長20%,非國際財表準則淨利潤料按年增長29%,遠高於收入增長。

該行認為,騰訊去年初引入長青遊戲的概念,旗下旗艦遊戲的長期價值仍可進一步發掘,相信該策略有助加強遊戲業務的基本面。中金目前預測騰訊國際市場遊戲業務去年第四季收入將按年增長13%,增幅較上季加快,本土市場遊戲方面增速預期提升至20%。撇除新遊戲的帶動,中金預測騰訊2025年遊戲收入將錄得增長,若計及新遊戲,則預測按年增幅達到8%。至於廣吿業務方面,中金認為視頻號將仍是廣吿業務收入按年增長的主要動力。FBS業務收入料增長2%,當中企業服務相關收入料升9%。

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