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《大行報告》大和重申對中資科網股「正面」看法 料明年次季或迎盈利重評轉捩點
大和發表中國互聯網股報告,近日與投資者進行溝通,雖然中資科網股現估值僅相當於預測市盈率12倍創歷史新低,但相關投資者指在市場不確定的情況下,目前不打算開始「抄底」,指美國芯片禁令是投資者的主要擔憂之一,而該行則認爲中資科網股今年第三季收入可優於預期,料至2023年第二季可能迎來轉捩點,可獲市場盈利重評。 該行表示,重申中資科網股「正面」看法,喜愛騰訊(00700.HK)、美團-W(03690.HK)、阿裏巴巴(BABA.US)、拼多多(PDD.US)及攜程(TCOM.US)。 大和指與上述投資者進行溝通,投資者對該行業和市場的情緒極爲疲弱,大多數投資者對該行業的敞口有限。總體而言,投資者希望看到對內地宏觀環境的更好了解,因爲行業動態多年來發生了巨大變化,指宏觀和政策方面的任何積極發展都將成爲盈利修正週期的重要推動力。 大和認爲,騰訊旗下關鍵遊戲的推出若早於預期和視頻賬戶收入好於預期,將可成股價催化劑。該行亦看好美團可提高外賣效率並降低損失的空間,以及阿裏巴巴可能受益於中國今年下半年的宏觀復甦。(wl/k) ~
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