【交银国际：升网易云音乐目标价至240港元 评级“买入”】金十数据6月4日讯，交银国际研究报告指，基于网易云音乐(09899.HK)的成本费用优化快于预期，将2025及26年经调整净利润分别上调6%及9%，并将目标价由184港元升至240港元，维持“买入”评级，因认为网易云音乐付费墙及ARPPU仍有较大营运空间，看好长期会员收入增长潜力。报告指，集团今年首季毛利率按年升3.7个百分点至36.7%，好过该行及市场预期，受惠于会员订阅收入增长，数专业务收入增加以及直播分成优化。
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.