《大行》摩通大削腾讯音乐(01698.HK)目标价60%至48元 评级降至“中性”

阿斯达克财经
Yesterday

摩根大通发表研究报告,将腾讯音乐-SW(01698.HK) H股目标价由120元大幅下调60%至48元,并将腾讯音乐(TME.US)  美股目标价由30美元大降60%至12美元,评级各由“增持”下调至“中性”。摩通表示,主要忧虑在于腾讯音乐正由清晰可见的订阅业务增长,转变为范围更广但能见度较低的多引擎变现情况。该行指出,该股历史上的估值重估除了由增长支撑,还基于市场对其清晰、经常性且以KPI为主导...

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