东吴证券：看好港股互联网，估值仍有吸引力，推荐腾讯控股等

东吴证券12-12

2025年12月12日，东吴证券发布了一篇传媒行业的研究报告，报告指出，看好AI应用、游戏及港股互联网。报告具体内容如下：核心观点 2026年传媒互联网领域重点看好三条主线： 1、AI应用2026年展望：看好云服务及文娱领域生产力释放。我们对AI应用前景乐观，Token消耗仍在快速增长，编程、搜索、办公生产力等领域在2025年实现规模化落地，未来客服和销售、教育、医疗健康等细分场景值得关注。我们...

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