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<Research>BOCI Adjusts Order of Preference for CN Internet Sector w/ Top Pick TENCENT (00700.HK)
Recommend 24 Positive 33 Negative 13 |
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China's National Bureau of Statistics (NBS) released March retail sales data on 16 April that beat BOCI's expectations, mainly due to the stimulus policy support, BOCI released a research report saying. Considering that MEITUAN-W (03690.HK)'s earnings may be affected by the RMB100 billion support program for the catering industry in the next 3 years and BABA-W (09988.HK) is subject to H20 chip export control, BOCI adjusted its order of preference for China's internet sector to TENCENT (00700.HK)> JD-SW (09618.HK)> BABA-W>MEITUAN-W>PDD Holdings ( PDD.US). The broker's top pick is TENCENT on the largest content production and distribution channel and the fact that content production and its commercialization appear to offer a clear path for immediate productivity gains and improvement in monetization rates across numerous foundation model and vertical applications. AAStocks Financial News |
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