大行評級|大華繼顯:偏好於內需或受惠政策的股份 將美團、蒙牛、騰訊及攜程納入“買入”名單
大華繼顯發表報吿指出,展望未來,該行預期隨着特朗普重返白宮,中美緊張局勢或將升級,而特朗普偏向提高關税可能帶來不利因素,該行因此偏好於內需或受惠政策的股份,並將美團、蒙牛、騰訊及攜程納入“買入”名單。
美團方面,該行看好其外賣業務的市場份額持續擴張、對生鮮電商業務的滲透率提高,以及與核心業務及新措施的協同效應;對其目標價222港元。
蒙牛方面,該行認為原奶供需將於2025年中期達至平衡,且渠道庫存狀況將有所改善;對其目標價23.5港元。
騰訊方面,該行看好其來自微信視頻號的在線廣吿改善、遊戲許可的審批,以及微信生態圈與各大互聯網平台營運商的合作;對其目標價570港元。
至於攜程,該行看好其隨着其在線旅遊平台繼續滲透到國內線下和低線城市的旅行市場、旅行泡泡的實施與出境航班的擴張;對其H股目標價640港元。
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