Market Brief

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吳子青先生 (Andrew Ng)
經理

畢業於香港理工大學金融服務系,2008年完成財經分析師(CFA)考試,喜歡綜合基本因素與技術分析研究股票,並對衍生工具及IPO市場有獨到見解,現主力負責公司的高端客戶,提供度身訂造的投資服務
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新股市場總結

Monday, December 17, 2018 Views781

不少客戶都對我說, 新股市場越來越難賺錢, 筆者也發現的確如此, 其實投資市場沒可能一本通書讀到老, 這麼多年來抽新股的玩法也一直在轉變, 現在不妨來一個總結:

 

殼股必賺?

炒新上市殼股在前幾年可以說是非常熱烈, 只要市值在六億以下, 無論什麼都能炒一輪, 不過隨着這幾年不斷有殼股上市, 現階段已經是極度供過於求, 將來也不會再是炒作的賣點.

 

孖展認購增加利潤?

很多客戶都會用孖展認購新股以增加獲派發股數, 從而增加利潤, 不過現在這做法也有所保留, 由於越來越多人懂得利用孖展, 所以分派比率越來越不理想, 但是破發的股票, 獲分派的數量卻特別多. 在另一方面, 加息環境下利息成本也越來越高, 所以現在人頭戰術比較有利.

 

中資企業上市必賺?

在過往很多年, 中資背景的企業上市後股價上漲的機會非常高, 不過現在這情況也有所轉變, 由於中資企業已開始找中資保薦人, 定價也比以前高, 所以上市後股價沒有太多上升空間.

 

選高超額認購倍數的新股來抽?

以前高超購倍數往往意味着需求大, 現在卻被理解為散戶持貨太多, 反而不一定上漲. 甚至如果超購在50-100倍這個死亡倍率, 下跌幅度可以相當大.

 

總結而言, 之前的抽新股策略不一定能再成功, 反而有客戶每隻也小注認購, 取其平均數值, 反而有所收獲, 有見及此, 輝立推出'新股認購易' 方便客戶認購新股, 具體情況可留意輝立官網或向客戶主任查詢.

 

注: 本人吳子青為証監會持牌人士。截至本評論文章發表日止, 本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益

 

 
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