智通财经APP获悉，建银国际发表研究报告，将微博-SW(09898)目标价从77.22港元下调3%至74.88港元。由于前景低迷，维持“中性”评级。报告指，2025年第一季业绩超出预期，主要原因是来自阿里巴巴-W(09988)的广告收入年增89%，及利息支出低于预期。宏观环境增添不确定性，抑制品牌广告商的广告预算。
该行预计，微博的收入增长短期内将继续低迷，因为在利润率小幅收缩和人工智能举措加强的情况下，公司盈利面临下滑的威胁。该行维持2025/26财年收入预测基本不变，但将盈利预测下调3%及1%，以考虑更高的AI投资。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.