Jinwu Financial News | Guoyuan International Development Research indicates that overall, since China's economy and consumption are currently in a recovery phase, as the interim report disclosure period approaches, some Internet companies may face the risk that performance growth will slow down or fall short of expectations. However, Hong Kong stocks have experienced a tactical return of overseas capital, and the valuation ratio has been clearly repaired. Although Internet companies have not improved much in terms of fundamentals under macroeconomic pressure, currently Internet companies generally buy back and relatively low valuations, continue to implement superposition policies, and AI technology is gradually transforming business to improve efficiency, so the overall industry is still worth investing in at present. Furthermore, as the summer box office market continues to heat up, the bank believes it should seize investment opportunities in the entertainment industry.
The bank said that in summary, it is recommended to focus on Hong Kong stock internet companies with high-quality technology and high moats, including Reading Document Group (00772), Tencent (00700), Baidu (BIDU), Meituan (03690), and Chizicheng Technology (09911). US stock suggestions include Amazon (AMZN.US), Microsoft (MSFT.US), Google (GOOGL.US), and Shopify (SHOP.US).