《大行報告》里昂:內地科網板塊受惠重新開放 首選騰訊、美團、阿里、攜程及京東健康
里昂發表研究報告指,經歷過去兩年充滿挑戰的經營環境後,互聯網公司的前景正在好轉,行業盈利於去年第二季已見底,並於第三季按年回升44%,考慮到企業估值出現大幅折讓,加上一眾公司已推行成本優化措施,預期收入將恢復增長,令科網板塊成為最能從中國重新開放中受惠的行業,雖然預期去年第四季企業收入增長仍會放緩,但相信盈利表現將繼續超出預期。
該行預期電商業務反彈力度最大,將成為互聯網行業中收入增長最快領域,同時海外遊戲擴張亦會成為科技公司另一大催化劑,而廣告將是繼續落後。里昂列出首選股份依次為騰訊(00700.HK)、美團-W(03690.HK)、阿里(BABA.US)、攜程(TCOM.US)及京東健康(06618.HK),其中看好騰訊在海外遊戲業務、視頻號、雲端服務等方面的拓展,另外亦看好美團、阿里及攜程,指重新開放後消費力逐漸恢復,將刺激本地服務、消費及旅行需求。
里昂預計今年互聯網行業監管及宏觀環境都將變得更為有利,隨著經濟復甦及成本下降,科網企業盈利將顯著反彈。該行又指出,騰訊主要股東Nasper曾透露將出售騰訊的股份,預期相關負面影響一旦消散,股價或會迅速反彈。
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