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《大行報告》摩通:京東-SW(09618.HK)與騰訊(00700.HK)分別與國企達成戰略合作 料股價反應正面
摩根大通發表研究報告指,京東-SW(09618.HK)旗下京東科技與中國移動通信集團上海有限公司簽署戰略合作協議,另外騰訊(00700.HK)旗下騰訊創投亦計劃與聯通創投成立合營公司,拓展分發網絡及邊緣計算業務。 摩通認為,與國企建立合作對騰訊和京東的股價將有正面反應,指出過去三個月騰訊和京東明年預測市盈率倍數分別下調29%和42%,對比市場預期MSCI中國指數明年預測市盈率下調幅度為20%,相信估值大幅下調是來自地緣政治緊張局勢等非基本面因素所驅動。 該行指出,兩項合作對騰訊和京東的財務影響可能微不足道,但預計投資者情緒將有所改善,令股價在短期內有正面反應。
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