No Data
China Reform Securities looks forward to the Internet opportunities in 2025: Bullish on the value reassessment of Alibaba Cloud and the reshaping of Tencent's application ecosystem.
Huachuang Securities released a Research Report stating that if the industry reshaping brought by open-source large models is similar to that of the USA in 2023, the first insight may be that cloud revenue, subscription revenue, and advertising revenue are the areas most likely to materialize in the first phase. Understanding the business model of M7 can help identify the most worthwhile investment directions in this round. The second insight may be that the investment value of weighted stocks this year will be strengthened, unlike the previous two years where the dominant logic was fully reflected. Internet giants like Alibaba (09988) and Tencent (00700) may show similar allocation value. The main points of Huachuang Securities are as follows: Review: Since 2023.
Sinolink Securities: DeepSeek will hold a special action for the open-source code repository "AI+".
Sinolink stated that the special action for "AI+" has been convened, continuously focusing on the implementation of AI applications and their empowerment of the content sector.
China Great Wall: AI may drive the emergence of revolutionary gameplay in the gaming industry, confirming its potential once again.
China Great Wall suggests paying attention to gaming companies that have mature R&D capabilities and also incorporate AI layouts.
Lacklustre Performance Is Driving Perfect World Co., Ltd.'s (SZSE:002624) Low P/S
Jefferies Adjusts Perfect World's Price Target to 11.50 Yuan From 11.70 Yuan, Keeps at Buy
Last year, projected losses exceeded 1.1 billion yuan, and under pressure, Perfect World is seeking transformation by "slimming down". | Interpretations
① Both the gaming and film industries are under pressure, and Perfect World is facing a difficult time, with a projected loss exceeding 1.1 billion yuan last year. ② The company is actively "streamlining" and transforming to seek new opportunities, planning to make provisions for impairment of various Assets exceeding 0.65 billion yuan in 2024. ③ It is reported that the first 30 days of revenue from "Zhu Xian World" exceeded 0.4 billion yuan, and the related performance contribution will be gradually released in subsequent reporting periods.
