《大行報告》高盛預期中國互聯網行業盈利有進一步上升空間 將阿里-SW(09988.HK)納入確信名單目標價升至135元
高盛發表研究報告,預期中國互聯網行業盈利有進一步上升空間,並預計隨著中國重新開放,第二季中國宏觀經濟迎來復甦,加上互聯網監管正常化,互聯網企業復甦步伐將快於預期,且有更大發展空間。
該行指出,近期科技行業股價上升,主要是受到估值上升的推動,認為市場預期仍有提升空間,特別是今年第二季起線上廣告預期向好,因此將2023年第二季及全年行業廣告收入平均增長率從8%及10%上調至17%及15%。
該行認為,第二至第四季的企業估值及盈利增長,將推動中國互聯網行業未來一年前景穩健發展,在宏觀復甦中較看好廣告、支付及招聘業務,主要受益的包括阿里巴巴(09988.HK)(BABA.US)、百度(09888.HK)(BIDU.US)、微博(09898.HK)(WB.US),以及騰訊(00700.HK)、BOSS直聘(02076.HK)(BZ.US)及滿幫(YMM.US),均予「買入」評級。其中將阿里納入確信買入名單,目標價由130元升至135元。
高盛認為,重新開放趨勢下線下市場正常化,加上競爭加劇,未來幾個季度較不看好電商行業,預期本地服務收入表現將較強勁。
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