《大行》招证国际一举降快手(01024.HK)评级至“减持”目标价劈至28元 主业进入负增长 可灵增长不及预期

阿斯达克财经
Aug 21

招商证券国际发表报告,指快手-W(01024.HK) 正经历AI业务商业化不及预期,AI叙事无法覆盖主业衰退的估值向下重评,评级一举由“增持”下调至“减持”,目标价由64港元劈至28港元,对应预测今明两年11倍经调整市盈率,与同业均值一致。报告指,快手第二季业绩整体符合预期,但受到宏观、合规监管、平台加大扶持力度等多重逆风影响,预计下半年收入将首次进入负增长区间。同时,视频生成模型竞争加剧,可灵...

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