You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》匯豐研究:內地互聯網行業風險與回報已改善 看好阿里(BABA.US)、騰訊(00700.HK)及快手-W(01024.HK)
匯豐環球研究發表報告指,中國互聯網行業股份見到沽貨獲利情況,部分基於憂慮中美關係及市場欠缺信心,並重新關注基本面。該行發現強勁外資流入及疲弱股市表現的不匹配情況,或顯示本地投資者對經濟復甦悲觀。估值方面,中國互聯網股份顯著跑贏其他經濟重啟概念股,顯示經濟重啟及去監管的正面因素已大致反映,但該行業目前仍較五年平均及2021年高位折讓23%及38%。消費及旅遊數據顯示至今中國經濟復甦穩固,但認為投資者等待可持續的按季增長,看法才會轉為更正面。 該行認為,中國支持性政策可提振市場信心,下月舉行的兩會及美國加息可能見頂為重點關注的事件,目前偏好能更好地把握增長或帶來上行驚喜、有持續強勁現金流,以及為股東帶來回報的公司會跑出,進一步去監管、遊戲業展望改善及本地服務競爭加劇仍為主要投資主題。 該行偏好阿里巴巴(BABA.US),認為估值吸引,並受惠去監管及服飾與化妝品需求復甦。該行亦偏好騰訊(00700.HK),認為遊戲業展望改善,且視頻號變現化具上行空間及支付增長復甦。看好快手-W(01024.HK)則基於估值吸引、市佔及盈利率增加,以及後周期廣告需求復甦。 股份|評級|目標價 阿里巴巴(BABA.US)|買入|140美元 騰訊(00700.HK)|買入|440港元 快手-W(01024.HK)|買入|90港元 百度(BIDU.US)|買入|160美元 騰訊音樂(TME.US)|持有|7.7美元
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account