穆迪維持騰訊(00700.HK)「A1」評級 展望穩定
評級機構穆迪表示,維持對騰訊(00700.HK)的「A1」發行人評級和高級無抵押債務評級,以及「(P)A1」高級無抵押中期票據計劃評級,展望仍為穩定。
穆迪高級副總裁蔡慧表示,騰訊強勁的財務狀況、龐大的客戶基礎,以及其將網絡和手機平台增值服務變現的往績,料有助於該公司持續產生自由現金流。她預計,騰訊將維持較低的債務槓桿比率、強勁的現金狀況和審慎的投資與收購策略,認為將可為近期的監管不確定性提供緩衝保護。
穆迪指,在多項業務均穩步增長下,預計將推動騰訊未來12至18個月收入按年增長約20%,估計期內槓桿率將保持在2倍以下,由於通過非游戲服務繼續擴大收入來源,預計未來12至18個月EBITDA利潤率將逐漸降至33%至35%,但EBITDA總額料將實現10%至15%的按年增長。
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 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. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.