SOURCE: AASTOCKS

According to a research report, this year is expected to be an alpha dominated year with the increasing “zero and” (winner-takes-all) of the Mainland Internet market, with continued growth in overall potential market (TAM) maturity, short videos or private participants. This year, the topics of the Mainland Internet market include the continued expansion of the market share of short video merchants in multi-purpose shopping, local services, etc., the potential for increased profitability, the normalization of local regulation, and a global, increasing focus on shareholder returns to drive share price performance.

The Bank has adjusted the target price of some of its specialty network shares to$TENCENT (00700.HK)$Reduced target price from HK$435 to HK$426,$PDD Holdings (PDD.US)$This was increased from $176 to $195,$BABA-SW (09988.HK)$Reduced target price from HK$131 to HK$118,$JD-SW (09618.HK)$The target price was lowered from HK$205 to HK$193 and gave each stock a “buy” investment rating.

In the block, there are many pairs of rows and$KUAISHOU-W (01024.HK)$Subsequent to the “sure buy” list and reapply to Tencent,$NEW ORIENTAL-S (09901.HK)$,$NTES-S (09999.HK)$,$XIAOMI-W (01810.HK)$,$TAL Education (TAL.US)$and$Full Truck Alliance (YMM.US)$The “Buy” rating.

edit/tolk