share_log

互联网板块走势强劲 京东集团(09618)涨3.86% 瑞银指行业竞争已趋向缓和

Internet plus-related sector is showing strong performance JD.com (09618) up 3.86%. UBS Group indicates that industry competition has trended towards easing.

Golden Guard Financial News ·  Oct 29 10:42

Golden Finance News | The internet sector is showing strong performance, jd.com (09618) up 3.86%, Meituan (03690) up 3.73%, baidu (09888) up 3.56%, netease (09999) up 3.15%, alibaba (09988) up 2.17%.

On the news front, UBS Group's Investment Banking China Internet Research Director Fang Jincang stated that competition in the mainland internet industry has eased, platforms are moving towards cooperation, which will be beneficial for increasing monetization rates, thereby driving revenue growth and profit margin improvement. Currently, the mainland internet industry's Price/Earnings to Growth ratio (PEG) is around 1.1 times, at historical average levels. However, considering factors such as the implementation of economic stimulus policies in the mainland, easing competition, etc., it is believed that the internet sector's valuation is still undervalued, with further upside potential. A PEG increase to 1.3 times would be a reasonable expectation.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment