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<Research>G Sachs Still Sees CN Game Industry as Defensive Investment Choice, Expects TENCENT, NTES-S to Deliver Above-Industry Growth
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Goldman Sachs has issued a report expecting that the Chinese gaming industry will remain a defensive investment choice amid macro/ policy uncertainties this year, and that leading stocks TENCENT (00700.HK) and NTES-S (09999.HK) will expand into overseas markets and achieve growth above the industry average with their solid product pipelines. Given that the entertainment and media industry may face more intense competition for time consumption and advertising budgets, however, the broker preferred TME-SW (01698.HK), a music streaming platform with a stable market landscape and penetration potential, as well as BILIBILI-W (09626.HK), which has growth potential in advertising market share. AAStocks Financial News |
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