Morgan Stanley updates the list of focus stocks in A- and H-shares, excluding Tencent and replacing it with JD
Morgan Stanley pointed out that the bank's Internet analysts are cautious about Tencent's diversified business, and they expect potential gross profit margin pressure in the short term. It is expected that Tencent will be limited in the number of new game launches and the decline in the playing time of minors in the second quarter. Local game revenue fell 3% year over year.
According to Morgan Stanley, JD is expected to continue to expand its market share, further strengthen its scale effect and improve its profitability. It is expected that JD's adjusted profit will reach a compound annual growth rate of 29% from 2021 to 2024.
$JPMorgan(JPM.US$ $Morgan Stanley(MS.US$ $Morgan Stanley Holdings(BK2635.US$ $Tencent(TCEHY.US$ $TENCENT(00700.HK$ $China Concept Stocks(BK2517.US$ $Hang Seng TECH Index(800700.HK$ $JD.com(JD.US$ $JD-SW(09618.HK$
$JPMorgan(JPM.US$ $Morgan Stanley(MS.US$ $Morgan Stanley Holdings(BK2635.US$ $Tencent(TCEHY.US$ $TENCENT(00700.HK$ $China Concept Stocks(BK2517.US$ $Hang Seng TECH Index(800700.HK$ $JD.com(JD.US$ $JD-SW(09618.HK$
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