《大行報告》瑞銀:宏觀經濟改善和監管仍穩定 料今年中國互聯網行業可進一步上漲
瑞銀發表報告指,基於宏觀經濟改善和監管風險有限,對今年的中國互聯網行業保持樂觀,認為基於復甦的可見度愈來愈高,投資者將在短期內審視潛在的負面因素,預計今年會有一些但有限的估值擴張。
該行認為,中國互聯網行業收入加快、持續的成本控制以及股票回購推動可以推動大部分股票的表現。該行預計,長遠來看互聯網監管仍會收緊,並需要關注地緣政治風險。
瑞銀表示,短期內認為包括阿里巴巴(09988.HK)和拼多多(PDD.US)在內的大多數公司都有一些上漲空間,相信該些公司在今年的盈利復甦尚未完全反映在股價。長期而言,該行看好盈利增長強勁的公司,尤其是拼多多和快手-W(01024.HK)。
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