大和:維持騰訊(0700.HK)“買入”評級 目標價650港元
大和發佈研究報告稱,維持騰訊控股(0700.HK)“買入”評級,目標價由700港元調低7.1%至650港元,下調2022-23年收入預測4%至5%,下調每股盈利預測5%,主要預期遊戲及廣告增長放緩。
報告稱,基於遊戲行業的監管發展,認爲市場需要調整對騰訊今年下半年及明年的預測,令明年的盈利增長預測變得更加現實。雖然近期有不利因素,但仍然看好集團的結構性增長前景。
該行預計,騰訊第三季網絡遊戲業務同比增7%,由手機遊戲收入升7%帶動。基於內容延遲更新,以及今年第三季至明年首季的新遊戲的推出也延遲,下調對其2021-22年遊戲收入預測2至7%,另估計今、明兩年中國市場遊戲收入增7%及4%,較去年的26%放緩。
該行認爲,海外擴張是騰訊遊戲業務的另一個增長引擎,業務不受影響。集團與國際遊戲公司合作,以及投資海外遊戲工作室,可能會推動其在全球的影響力不斷擴大。

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