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晨星:中國互聯網監管環境今年趨穩 首選騰訊(00700.HK)及網易(09999.HK)
晨星發表首季亞洲股票市場展望報告指,整體股市仍處於合理估值,而個別股票價值仍吸引。在接下來兩季,市場爲對美國利率上升的擔憂將限制股市漲幅,但隨着投資者轉爲價值取向,已遭到拋售的中國股票和具備增息潛力的防禦性股票預期將相對穩健。 晨星亞洲股票研究總監陳麗子預計,美國聯儲局將由6月開始加息,全年有機會加息3次,美國10年期國債收益率可能升至2%至2.5%,上半年通脹數據或保持高位。 晨星預期,今年中國網際網路產業的監管環境將趨於穩定。中國政府目前允許民營企業處理其資料的情況,顯示出政府與企業之間的信任度有所提升。根據與業內知情人士及公司管理層的討論,晨星認爲目前暫停新遊戲許可證的發放是爲了落實對未成年族羣的保護措施。 晨星指,看好網路遊戲的前景,行業首選股爲騰訊(00700.HK)和網易(09999.HK),將騰訊公允價值估計值從778元上調至837元,以反映遊戲業務的最新盈利前景。而網易則是遊戲許可證恢復發放後的主要受益者。
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