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》瑞銀:監管機構敦促電商平台整改內捲行為 競爭減弱將帶動股價回升
瑞銀發表研究報告指,國家市場監督管理總局日前召集美團(03690.HK)、餓了麼及京東(09618.HK)等外賣平台,敦促整改激進促銷行為,期望推動促進餐飲行業理性競爭及健康可持續發展。瑞銀指出,監管行動有助提振市場短期情緒,預期各平台未來將採取更注重回報的策略,例如改為發放階梯式折扣券、提高最低消費門檻、擴大補貼範圍至輕食及小吃等,減輕餐飲業壓力,並促進第四季行業需求。 該行預期短期內競爭減弱將帶動股價回升,首選美團,其次為京東,最後是阿里(09988.HK)(BABA.US)。長遠來看,瑞銀預期市場競爭仍將持續,但會趨向更規範,並可能帶來行業整合,整體抽佣率或下降,而過度投資預期將提高履約成本。瑞銀指,美團因年內表現落後,預計股價反彈幅度最大,其次為估值較低且對盈利敏感的京東;中長期而言阿里巴巴受益於競爭減弱及AI主題,料估值可獲重估。 在互聯網行業中,瑞銀首選為騰訊(00700.HK),其餘依次為阿里巴巴、快手(01024.HK)、攜程(09961.HK)(TCOM.US)及新東方(09901.HK)(EDU.US)。
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