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《大行報告》花旗升閱文(00772.HK)目標價至32元 今年更多管線及在線閱讀穩定
花旗發表研究報告指,由於閱文集團(00772.HK)旗下新麗傳媒(NCM)推遲播出部分焦點劇集,加上期內公司調整在線閱讀渠道,以及投資人工智能,令上年度業績表現平平,收入及經調整利潤基本符合該行及市場預期。 憧憬今年新麗傳媒投資項目管線發展良好,例如成功投資熱門電影《熱辣滾燙》,花旗預計利潤增長勢頭強勁,同時相信隨著更多IP內容獲得授權,其他IP改編業務可能會錄得一定增長;而在線閱讀業務渠道優化後今年上半年料表現穩定。 該行將閱文今明兩年收入預測由76.68億及82.08億元人民幣,下調至各74.33億及78.37億元人民幣,並將目標價從31元上調至32元,終止為期30日的負面催化觀察,維持其「買入」評級。
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