研报掘金｜招商证券：上调云音乐目标价至143港元利润率扩张推动估值持续回升

格隆汇资讯06-20

招商证券发表报告指，云音乐管理层持续专注于提升用户体验以推动用户增长，在年初推出新的APP首页界面。此外，公司还持续丰富内容库。由于在线音乐利润提升前景清晰，利润率水平逐步扩张并稳步向腾讯音乐靠拢，并推动估值持续回升，今年社交娱乐业务对集团的拖累逐步消减，将H股目标价由130港元升至143港元。报告另指，阿里持续减持云音乐。今年4月，阿里将其持股比例从9.35%降到8.32%，最近在6月6日，持股...

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研报掘金｜招商证券：上调云音乐目标价至143港元 利润率扩张推动估值持续回升

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研报掘金｜招商证券：上调云音乐目标价至143港元利润率扩张推动估值持续回升