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大行评级 | 大摩:腾讯新游戏具收入潜力 予目标价420港元

Big Bank Ratings | Daimo: Tencent's New Game Has Revenue Potential to Target HK$420

Gelonghui Finance ·  Jan 13, 2023 13:16
Glonghui, January 13, 丨According to the Daimo Development Research Report, investors are more optimistic about the prospects of this year's Tencent (0700.HK) games and are very interested in the revenue potential of their new games. With the further relaxation of the regulatory environment, investors have more and more confidence in the prospects of fintech, which will also help its value-added business grow at a target price of HK$420, maintaining an “increase in holdings” rating. The bank said that it expects total revenue from the game business to increase 10% year on year this year, domestic game revenue in China will increase 5% year on year, and international game revenue will increase 22% year on year. Investors are fully aware of the strong momentum of value-added business monetization in the past two quarters. It is expected that the value-added business will drive a 16% increase in advertising this year. It is expected that the fintech and enterprise services business will grow 17% year over year, and cloud business will increase 20% year over year. The stock is currently reported at HK$364.4, with a total market value of HK$348.53 billion.

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