According to the Wise Finance app, Ke.com stocks rose in the afternoon, as of the time of publication, Meituan-W (03690) rose by 6.7% to HKD 181.6; Trip.com Group-S (09961) rose by 5.38% to HKD 477.8; Bilibili-W (09626) rose by 4.35% to HKD 160.7; Kuaishou-W (01024) rose by 2.76% to HKD 46.5.
Founder Securities released a Q3 performance outlook report for the media industry, stating that Hang Seng TECH's profit end is expected to continue the trend of exceeding expectations; key products of Hong Kong stocks companies are entering the revenue recognition period, with Tencent and Bilibili's game business showing signs of recovery. Q3 is a low season for e-commerce, platforms are gradually moving away from &#34;low-price competition&#34; and focusing on differentiated competition and improving commercialization. It is expected that the revenue of e-commerce platforms in Q3 will meet expectations, with profits expected to exceed expectations. In the local life and OTA sectors, Meituan continues to strengthen its core and reduce losses, benefiting from the hot National Day travel season, with potential for Q3 performance to exceed expectations.
Morgan Stanley's report stated that Chinese internet valuations remain reasonable. As policy support needs time to translate into consumer and business confidence, it is believed that even for certain cyclical sectors, the potential upside for profit forecasts in the second half of this year to next year remains uncertain. Revenue growth forecasts for China's internet in 2025 remain unchanged, with the bank expecting mainland e-commerce gross merchandise volume (GMV) to grow by 7%, advertising revenue to grow by 8%, local service total transaction volume (GTV) to rise by 19%, and online travel agency (OTA) revenue to increase by 12%

TCOM

09961

601901

STECH

83690

MPNGY

03690

01024

Tech stocks performed strongly in the afternoon, with significant gains in Meituan, Trip.com, Bilibili, and Kuaishou. Founder Securities predicts that the Q3 profits of Hang Seng TECH may exceed expectations, with e-commerce platform revenue meeting expectations and profits potentially exceeding. Morgan Stanley points out that the valuation of Chinese internet companies is reasonable, and expects e-commerce and advertising revenue to continue growing through 2025

- Chinese tech stocks saw significant gains in the afternoon, with Meituan rising 6.7% and Trip.com increasing by 5.38%.  
- A report from Founder Securities indicates that the Hang Seng Tech Index is expected to maintain a positive profit trend, with companies like Tencent and Bilibili showing signs of recovery in their gaming businesses.  
- Morgan Stanley maintains its revenue growth forecasts for China's internet sector, predicting a 7% increase in e-commerce GMV and an 8% rise in advertising revenue by 2025.

Zhitong

Trip.com

TRIP.COM-S

Founder Securities

Hang Seng TECH Index

Morgan Stanley

MEITUAN-WR

Meituan

MEITUAN

KUAISHOU-W

Understanding the Market | Sci-Tech Stocks Rise in the Afternoon, Hang Seng TECH Q3 Profit Expected to Exceed Expectations, Morgan Stanley States Chinese Internet Valuations Still Reasonable