《大行》招商證券:中國企業搶佔MENA傳媒市場快速增長機遇 薦騰訊(00700.HK)和赤子城科技(09911.HK)
招商證券發表報告指,對於中東北非地區(MENA)傳媒行業,憑借該地區年輕人口、高互聯網使用率以及對數字內容的付費意願,展現出高個位數增長的樂觀前景,政策支持進一步推動發展。而中國傳媒公司已在該市場建立影響力,尤其是在遊戲和社交娛樂領域,並具備穩健的增長前景。
該行重點推薦騰訊(00700.HK)和赤子城科技(09911.HK)為增長型標的;同時看好風險回報比具性價比的歡聚(JOYY.US)、雅樂(YALA.US)、摯文集團(MOMO.US)和映宇宙(03700.HK)。
該行將騰訊和赤子城視為增長型標的,預計2025至2027年盈利年複合增速為12%及23%。看好騰訊在雲+AI+社交生態系統方面的競爭優勢,公司有望成為MENA市場的領導者。同時對赤子城推出多款本地化產品的灌木式策略持樂觀態度,有助驅動公司的可持續增長。另將雅樂、歡聚、摯文集團和映宇宙視為價值型標的,平均前瞻市盈率在高個位數,股東回報率達5%至10%,具備吸引力。
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.