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《大行報告》富瑞料快手(01024.HK)上季營收符預期 盈利勝預期
阿思達克 01-22 11:02
富瑞發表報告指出,預期快手(01024.HK)去年第四季收入按年增長15%至326億元人民幣,大致與原預期不變,線上營銷服務收入高過預期,其他收入(如遊戲)表現疲弱。 該行對快手上季電商業務交易總額(GMV)按年增長預測維持30%不變;料線上營銷服務收入按年增長22%,原預期增長20%;直播業務收入增長預測維持按年持平於約100億元人民幣;其他收入按年增長35%,原預期增長40%。毛利率方面,料按年增長6.6個百分點至52.1%,原預期爲50.2%。另估計銷售及營銷開支約100億元人民幣,原預期104億元人民幣。 此外,該行料快手非國際財務報告準則(non-IFRS)下淨利潤爲34.4億元人民幣,原預期爲26.3億元人民幣。估計其平均日活躍用戶(DAU)按年增長中單位數至約3.85億戶,每個DAU花費時間約爲120分鐘。該行維持對快手「買入」評級,目標價114元。
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