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<Research>G Sachs: Competition, AI, Geopolitics, CN Stimulus Are Key Factors for CN Internet Sector This Yr; TENCENT/ XIAOMI Preferred Among Mega Caps
Recommend 13 Positive 35 Negative 3 |
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Goldman Sachs released a research report introducing five major themes for China's Internet sector, focusing on policy and normalization of profit growth, and identifying competition, AI, geopolitical events and domestic stimulus as key factors for China's internet this year. Goldman Sachs' stock preference for China's internet sector remained a dual-pronged approach, i.e. domestic policy beneficiaries and defensive companies with sound global footprints. Among mega caps, the broker liked TENCENT (00700.HK) and XIAOMI-W (01810.HK), as well as JD-SW (09618.HK) (JD.US), NTES-S (09999.HK) (NTES.US), Full Truck Alliance (YMM.US), New Oriental Education & Technology Group (EDU.US) and TAL Education Group (TAL.US) amongst large-caps/ SMIDs. AAStocks Financial News |
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