---
title: "《大行》大摩料騰訊第三季收入按年增 13%  重申「增持」評級"
description: "摩根士丹利預計騰訊第三季收入同比增長 13%，非國際財務報告準則經營溢利升 18%。該行重申騰訊「增持」評級，目標價 700 元，並上調 2025 至 2027 年非國際財務報告準則經營溢利預測 1 至 2%。大摩看好騰訊在各業務領域的穩健增長及其資本管理能力。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/261972803.md"
published_at: "2025-10-21T03:19:27.000Z"
---

# 《大行》大摩料騰訊第三季收入按年增 13%  重申「增持」評級

> 摩根士丹利預計騰訊第三季收入同比增長 13%，非國際財務報告準則經營溢利升 18%。該行重申騰訊「增持」評級，目標價 700 元，並上調 2025 至 2027 年非國際財務報告準則經營溢利預測 1 至 2%。大摩看好騰訊在各業務領域的穩健增長及其資本管理能力。

摩根士丹利發表研究報告，預計騰訊 (00700.HK) 第三季收入按年增長 13%，非國際財務報告準則經營溢利升 18%，遊戲及廣告業務具備潛在上升空間，其利潤率或持續擴張。該行重申騰訊「增持」評級，目標價 700 元，續為首選股。

大摩上調騰訊 2025 至 27 年的非國際財務報告準則經營溢利預測 1 至 2%，並料公司 2025 至 27 年資本開支為 3,200 億元人民幣。該行看好公司在所有業務範疇的穩健增長，以及正面的營運槓桿、有限的競爭、資本管理和執行能力。

### Related Stocks

- [TCEHY.US - 騰訊控股(ADR)](https://longbridge.com/zh-HK/quote/TCEHY.US.md)
- [TCTZF.US - 騰訊控股(ADS)](https://longbridge.com/zh-HK/quote/TCTZF.US.md)
- [00700.HK - 騰訊控股](https://longbridge.com/zh-HK/quote/00700.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| ByteDance Offering Free Robot Dogs and EVs as Lunar New Year AI War Heats Up | ByteDance is launching a promotional campaign for its AI apps by giving away over 100,000 tech products, including robot | [Link](https://longbridge.com/zh-HK/news/275612308.md) |
| Tencent, Tesla team up on WeChat-linked in-car features in China | BEIJING, Feb 11 (Reuters) - Tencent Cloud said on Wednesday it has partnered with U.S. automaker Teslato offer in-car fe | [Link](https://longbridge.com/zh-HK/news/275561238.md) |
| ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports | Feb 20 (Reuters) - ConocoPhillipsis exploring a sale of some of its Permian Basin assets as part of a broader streamlini | [Link](https://longbridge.com/zh-HK/news/276478732.md) |
| IronBridge Private Wealth LLC Has $905,000 Holdings in Apple Inc. $AAPL | IronBridge Private Wealth LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 77.3% in Q3, holding 3,555 shares valued  | [Link](https://longbridge.com/zh-HK/news/276436345.md) |
| Financial Advocates Investment Management Lowers Stock Position in Meta Platforms, Inc. $META | Financial Advocates Investment Management reduced its stake in Meta Platforms, Inc. by 66.7% in Q3, now holding 2,343 sh | [Link](https://longbridge.com/zh-HK/news/276432394.md) |

---

> **免責聲明**：本文內容僅供參考，不構成任何投資建議。