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《大行》匯豐研究:對人工智能持更積極態度 看好騰訊、阿里巴巴、網易及快手
匯豐研究發表報告指,目前對人工智能持更加積極看法,但對遊戲維持建設性態度。該行看好騰訊(00700.HK),因其在遊戲業務的韌性及人工智能為其廣告業務帶來可持續增長。該行認為,阿里巴巴(09988.HK)在人工智能和與電商的協同效應方面有潛在上行空間,因此基於更正面的雲計算前景和負債比率變化,將阿里(BABA.US)美股目標價由160美元上調至190美元。該行又將網易(NTES.US)的目標價由157美元上調至175美元,以反映更好的電腦遊戲業務前景。 該行指出,騰訊仍然是投資者的核心持股,而南向投資者對阿里巴巴轉向更加積極的態度。另外,該行認為快手(01024.HK)的人工智能潛力尚未完全反映在股價之中,而投資者亦更偏好快手(01024.HK)和網易(09999.HK)。 該行認為,人工智能和雲計算的需求及增長前景仍然強勁,採用開源模型的需求亦持續增加。另一方面,遊戲業務仍然充滿潛力,個人電腦收益的強勁增長部分受惠於社交平台與STEAM之間的連接得到改善。 至於電商和本地服務的競爭則最為激烈,且料短期內改變的機會不大。不過,該行指出,留意到人工智能驅動的廣告變現有上行空間。 該行看好騰訊、阿里巴巴、網易及快手,均予「買入」評級。
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