《大行報告》大和:對內地互聯網股前景正面 看好阿里、騰訊及美團點評
大和發表研究報告,指近期與超過60名投資者討論中國互聯網行業,雖然受疫情影響,但中國的互聯網行業卻普遍地展現韌性,而投資者最有興趣是應該如何從首季業績中選股和今年餘下時間趨勢。
該行指,投資者探討疫情如何重塑消費者行為,並同意網上購物,包括雜貨和網上教育的比例開始增加,投資者亦有興趣在雲端主題相關的項目,而一些人認為,該行業的估值目前要求過高。
隨著業績期即將展開,投資者對首季能夠帶來驚喜的行業分類感興趣,很多投資者相信,網上遊戲和娛樂相關股份如騰訊(00700.HK)和網易都可受惠首季的封城措施。而電商方面,亦會有勝預期的表現,預期第二季主要電商增長亦會再加速。
對於網上旅遊或廣告方面,該行認為目前仍然過早撈底,因不確定性仍然存在。重申對行業正面看法,看好阿里(09988.HK)、京東、唯品會,受惠網上消費增加,同時看好騰訊的遊戲渠道,美團(03690.HK)亦會在上半年有好表現,並成為其股價的催化劑。
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