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《大行報告》摩通料內地平台反壟斷指南或利淡阿里及美團 料對騰訊影響有限
阿思達克 11-11 14:21
日前國家市場監管總局發布《關於平台經濟領域的反壟斷指南》公開徵求市場意見稿,預防及制止互聯網平台經濟領域的壟斷行為,摩根大通發表報告表示,該指南是對現有互聯網「反壟斷法」的一種闡釋,對電商平台領導者,如阿里巴巴(09988.HK)及美團(03690.HK)的影響較大,但其他主要的互聯網運營商,如百度(BIDU.US),攜程(TCOM.US)及騰訊(00700.HK)則相對有限,有可能會因財務影響而改變其運營策略,至於實際影響則要取決於相關規則的執行。

該行補充,短期而言科技股股價會因此而受壓,尤其是阿里巴巴及美團,相信投資者會沽貨鎖定利潤。該行建議可趁低吸納騰訊,主因即使因條例而改變部分微信業務對整體財務影響輕微;穩健的遊戲前景以及看好其金融科技業務等因素;亦建議低吸京東(09618.HK),料上述指引對其影響不大。

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