腾讯音乐盘前涨超1% 机构料其盈利能力持续提升

格隆汇
Oct 27

10月27日,腾讯音乐(TME.US)盘前涨1.31%报23.2美元。

东北证券发研报指,腾讯音乐付费渗透提升,版权资源与原创生态强化,核心业务保持增长。社交娱乐协同作用凸显,直播与K歌业务构筑护城河。财务结构稳健,净利率和ROE 持续改善,盈利弹性充足。国际合作深化,长期成长空间可期。该行认为,腾讯音乐作为行业龙头,随着付费渗透率提升与内容生态完善,预计未来营收增速温和,盈利能力持续提升,ROE有望维持在历史高位,首次覆盖并给予“买入”评级。

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