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《大行》富瑞料中資雲端服務供應商首季盈利超預期 估百度雲及阿里雲收入升40%
中資科網股今早(16日)向上,阿里巴巴(09988.HK)股價彈高4.6%報134.5元,騰訊(00700.HK)揚2.8%報513元,百度(09888.HK)彈高8.4%,網易(09999.HK)走高4.6%。富瑞發表中國科網股報告表示,對中國互聯網與科技行業首季業績作出預覽,料AI驅動雲收入加速,物流與電商表現超預期。該行過去兩周分析約20家不同產業公司...
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《大行》富瑞料中資雲端服務供應商首季盈利超預期 估百度雲及阿里雲收入升40%
Recommend
110
Positive
175
Negative
85
 
 

中資科網股今早(16日)向上,阿里巴巴(09988.HK)  +7.200 (+5.599%)    Short selling $2.88B; Ratio 16.837%   股價彈高4.6%報134.5元,騰訊(00700.HK)  +18.000 (+3.607%)    Short selling $1.73B; Ratio 15.026%   揚2.8%報513元,百度(09888.HK)  +8.800 (+7.686%)    Short selling $707.41M; Ratio 27.163%   彈高8.4%,網易(09999.HK)  +8.900 (+5.008%)    Short selling $286.15M; Ratio 22.668%   走高4.6%。

富瑞發表中國科網股報告表示,對中國互聯網與科技行業首季業績作出預覽,料AI驅動雲收入加速,物流與電商表現超預期。該行過去兩周分析約20家不同產業公司的業績前瞻料,雲端服務供應商(CSP)表現優於預期;各垂直領域進展符合或超出預期;物流行業受惠於「反內捲」趨勢及強勁執行力;網上購物與娛樂業務大致符合預測。

該行估計,正面驚喜包括百度(09888.HK)  +8.800 (+7.686%)    Short selling $707.41M; Ratio 27.163%   智能雲基礎設施收入超出預期,以及京東(09618.HK)  +3.100 (+2.568%)    Short selling $402.88M; Ratio 21.419%   與京東物流(02618.HK)  +0.400 (+2.572%)    Short selling $23.89M; Ratio 7.632%   第一季盈利表現優於預期。該行維持對各子行業的偏好與排名順序。

該行料百度AI雲基礎設施收入預計按年增長超過40%,顯著高於市場共識。阿里雲收入亦預計按年增長40%,受益於AI需求激增與Token消耗上升。金山雲(03896.HK)  +0.560 (+6.429%)    Short selling $35.32M; Ratio 3.309%   全年展望上調,騰訊雲收入加速。中資雲端服務供應商因供給緊張與需求旺盛,本周將調漲價格。AI實驗室方面,MiniMax(00100.HK)  +53.000 (+6.254%)    Short selling $76.38M; Ratio 5.623%   與智譜(02513.HK)  +16.000 (+1.845%)    Short selling $43.67M; Ratio 4.020%   均展現強勁增長。

該行表示行業股票偏好:阿里巴巴及騰訊(00700.HK)  +18.000 (+3.607%)    Short selling $1.73B; Ratio 15.026%   是行業首選,其次是百度、京東、MiniMax、金山雲、網易(09999.HK)  +8.900 (+5.008%)    Short selling $286.15M; Ratio 22.668%   、快手(01024.HK)  +1.400 (+3.066%)    Short selling $143.15M; Ratio 7.248%   、嗶哩嗶哩(09626.HK)  +5.500 (+2.839%)    Short selling $133.58M; Ratio 21.892%   、美團(03690.HK)  +2.450 (+2.839%)    Short selling $881.23M; Ratio 22.492%   、京東物流、中通快遞(02057.HK)  -0.800 (-0.401%)    Short selling $89.72M; Ratio 35.188%   、極兔(01519.HK)  -0.020 (-0.189%)    Short selling $39.04M; Ratio 12.130%   、攜程(09961.HK)  +19.800 (+4.825%)    Short selling $226.07M; Ratio 14.304%   、同程(00780.HK)  +0.750 (+4.067%)    Short selling $35.22M; Ratio 29.645%   、華住(01179.HK)  +1.800 (+4.431%)    Short selling $8.25M; Ratio 9.959%   、阿朵(ATAT.US)      、拼多多(PDD.US)      、BOSS直聘-W(02076.HK)  +3.250 (+6.202%)    Short selling $410.08K; Ratio 2.883%   、滿幫(YMM.US)      、貝殼-W(02423.HK)  +0.860 (+2.038%)    Short selling $79.87M; Ratio 17.659%   、唯品會(VIPS.US)      、美圖(01357.HK)  +0.210 (+4.709%)    Short selling $64.97M; Ratio 14.290%   、歡聚(JOYY.US)      、順豐同城(09699.HK)  +0.100 (+0.885%)    Short selling $1.89M; Ratio 5.996%   、大麥娛樂(01060.HK)  +0.030 (+5.000%)    Short selling $4.89M; Ratio 7.674%   、騰訊音樂(01698.HK)  +1.220 (+3.164%)    Short selling $37.11M; Ratio 30.595%   、網易雲音樂(09899.HK)  +2.800 (+2.240%)    Short selling $13.58M; Ratio 8.142%   、奇富科技(QFIN.US)      。(wl/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-16 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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