傳聞虛虛實實，騰訊減持風波影響幾何？
騰訊或將減持美團
繼相繼減持京東、海瀾之家、Sea Limited、新東方等多家上市公司之後，騰訊再次因爲減持消息，引發市場波動。8月16日下午，有市場消息稱，騰訊控股計劃出售其所持外賣公司美團的全部或大部分股份，該消息放出後，16日午後，美團股價突然跳水，一度大跌超10%，盤中市值更一度跌破1萬億港元，與此同時，騰訊控股也一度跌超2.5%。
若消息屬實，騰訊將怎麼減持？
招商證券指出，考慮到騰訊所持有的美團股權比例較大，騰訊有可能以派發特別股票股息的形式減持，這與先前減持京東的方式一致。另外，引入其他戰略投資者也是有可能的，但直接在公開市場上出售的可能性較低。騰訊目前所持有的美團的股權價值約佔騰訊當前市值的6%，參考京東與騰訊的爲期三年的戰略合作協議得以續簽，招商證券認爲對於美團而言或也將會是類似的安排，這有助於減輕市場對於美團基本面受到負面影響的擔憂。基於QuestMobile數據，2022年5月美團約83%的流量來自於其主APP，約34%的流量來自於微信小程序，這些數據與京東類似。此外，騰訊於3月底派發了其持有的15%的京東股權的股息，隨後其股東Nasper出售了其所獲得的約37億美元的京東股權，招商證券認爲這些減持行爲總體而言對於京東二季度的股價表現影響不大。
利好騰訊，利空美團？
摩根士丹利發佈報告稱，減持美團對騰訊是潛在利好，可幫助騰訊釋放投資價值，且套現資金可以用來發放特別股利或進行更激進的回購，但減持消息將使美團股價繼續承壓。
分析師Gary Yu和Rebecca Xu等人在報告中稱，騰訊將於8月17日公佈二季度業績，屆時期待聽到管理層對此事的評論。
自騰訊去年12月減持京東集團後，騰訊的潛在減持對美團而言一直懸而未決。預計美團股價在減持交易完成前將持續承壓，但因美團利潤主要來自於其自身的生態體系，所以料交易對美團的業務運營影響有限，且其與騰訊的合作可能不會受到影響，減持後，騰訊與京東的戰略合作關係也得以延續，大摩維持騰訊目標價450港元和超配評級。
對投資者的影響
考慮到近期減持美團的傳言以及先前的減持動作，招商證券稱投資者應關注騰訊未來持續對其他主要投資的減持，例如拼多多、快手、B站等，維持對騰訊長期看好的觀點，期待22財年二季度業績以及22年下半年廣告及遊戲業務低谷回升的前景，招商證券維持騰訊增持評級及507港元目標價不變。
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