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野村:上调腾讯控股目标价至703港元 评级买入
格隆汇 10-30 15:42

原标题:野村:上调腾讯(0700.HK)目标价至703港元 评级买入

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K图 00700_0

野村发表的研究报告指,估计腾讯(0700.HK)第三季收入将按年升27%至1,240亿元人民币,与市场预期一致,期内按非通用会计准则(non-GAAP)计算,经营利润率将扩阔0.4个百分点至28%,而毛利率则扩阔1.6个百分点,而non-GAAP每股盈利则按年升31%至3.33元,较市场预期高4%。

在线上游戏方面,该行估计第三季收入将按年升35%至480亿元人民币,当中PC游戏收入大致平稳,按年跌约1%,而手游收入则按年增长53%,主要因为疫情对玩家时间的影响开始减退。在广告业务方面,该行估计整体广告收入将按年升16%,当中媒体广告开始回稳。

该行指出公司的金融科技及云业务收入料将按年升26%,公司早前亦透露过受疫情影响云业务或会放慢,特别是来自政府及公共领域方面的项目或有所延迟,该行将公司2021财年每股盈测升1%以反映私有化搜狗后的影响。

该行维持对腾讯买入评级,目标价由655港元升至703港元,认为可受惠金融科技业务方面的人值较高,认为其潜力与蚂蚁(6688.HK)一致,并料腾讯金融科技的估值达到3,000亿美元,而蚂蚁IPO的估值则为3,190亿美元。

(文章来源:格隆汇)

(责任编辑:DF513)

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