You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》瑞銀料京東-SW(09618.HK)今年增長略遜阿里-SW(09988.HK) 市場對美團-W(03690.HK)過分悲觀
瑞銀發表研究報告指,據中國國家統計局(NBS)統計,4月的零售銷售數據較3月更快速增長,這是受惠於去年因疫情而封城下基數較低。然而,4月的數據屬略低於預期。線上零售額增長快於線下,雖然疫情後中國重新開放,惟線上滲透率仍在增加。該行預計,在消費者行為正常化及信心提高,和部分釋放過剩儲蓄的支持下,宏觀趨勢將在未來有所改善。該行估計,今年中國GDP增長5.7%,高於早前預期的5.4%。 該行表示,阿里巴巴-SW(09988.HK)4月GMV按年增長18%,高於3月的13%;京東-SW(09618.HK)4月份GMV增長6%,落後於阿里巴巴。數據反映阿里巴巴目前正保持市場份額,而京東正在失去份額。該行預計,今年大部分時間京東的增長將略微落後於阿里巴巴。 該行提到,由於抖音的競爭,相信市場對美團-W(03690.HK)過分悲觀。同樣地,投資者出於對競爭的擔憂而降低了拼多多(PDD.US)的評級,惟這並不能完全反映其在中國的增長,並對其跨境電商平台Temu不利。該行喜歡阿里巴巴,因為其GMV和CMR增長正在恢復,管理層亦正在通過分拆資產和回購股票來釋放價值。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account