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《大行報告》大摩:科網監管迎拐點 盈利下行周期或結束 首選騰訊及美團等4股
摩根士丹利發表報告表示,在審視了中國國務院金融穩定發展委員會上周三(15日)召開專題會議後,相信是當局對內地互聯網行業監管作出重整的一個拐點,在反映短期宏觀經濟及新冠疫情的挑戰後,料內地互聯網行業盈利預測下行的周期或潛在可能完結。 該行表示,對中資科網的首選股為騰訊(00700.HK)、美團(03690.HK)、網易(NTES.US)及京東(JD.US)等4股,指喜愛基本面穩固及估值吸引的科網企業, 大摩料國務院金融穩定發展委員會召開專題會議後,料當局會稍為降低對互聯網巨頭如騰訊、阿里巴巴、美團的監管審查,及對內地新網絡遊戲更快恢復審批(自2021年8月起暫停)。 該行調整中資科網股目標價,以反映短期宏觀經濟及新冠疫情的挑戰因素,下調對騰訊目標價由600元降至520元,將美團目標價由250元降至220元。 大摩表示,留意到嗶哩嗶哩(09626.HK)宣布董事會批准一項動議,爭取自願轉換至在香港聯交所主板雙重主要上市,指消息對行業屬令人鼓舞,料將有其他第二上市的中概股可能會效仿。(wl/k) ~
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