大行评级|里昂:上调心动公司目标价至90港元 维持“跑赢大市”评级

格隆汇
Sep 02, 2025

里昂发表研究报告指,心动公司上半年业绩胜该行预期,总收入按年增长39%至31亿元,较该行预期高2.6%。其中,游戏业务收入符合预期,按年增长39%至21亿元;TapTap广告业务收入按年增长38%至10亿元,较该行预期高6%,受惠于广告定向算法升级。 该行将2025及26财年收入预测分别上调11%及12%,以反映广告技术升级推动的强劲广告业务增长,同时基于营运杠杆效应上调长期利润率预期。该行将其目标价由60港元上调至90港元,维持“跑赢大市”评级。

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