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孫慶輝先生 (Henry Suen)
輝立証券助理聯席董事

現職輝立助理聯席董事,畢業於香港中文大學工商管理學院,於銀行業及證券業工作超過10年,實戰經驗豐富,為特許財務分析師(CFA)及註冊財富管理師(CFMP)。
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筆者上月係Phillip Channel已經講過,基於以下四個假設:

Tuesday, April 23, 2019 Views773

筆者上月係Phillip Channel已經講過,基於以下四個假設:


環球央行鴿了、救市資金厚了、貿易戰停了、英國脫歐延了,環球牛市仍然可持續一段時間。結果英國脫歐延至10月底,貿易談判亦接近達成協議,再加上環球政府早已為托市出盡減息、凍息或減稅等法寶,道指重上26,500點水平,接近歷史高位,而上証指數升至3200點以上,恒生指數亦重上30,000點以上,市場氣氛好轉,而上月推介的金山軟件(3888)亦突破20元,成功到達目標價。

恒指暫時於30,000點上落,能否企穩仍待確認,唯眼見美股已連升約10年,並大幅跑羸新興市場,而根據以往環球股市週期,牛市尾段往往是新興市場大幅追落後的階段,聯儲局暫停升息及縮表或令美元強勢告一段落,其他主要央行貨幣政策同步轉向寬鬆,有利國際資金流入新興市場。而A股入摩及中央政府的刺激措施更對亞洲股市有利。

恒指已抵3萬點,不少優質股票已不再便宜,我們需要仔細尋找落後的高息龍頭股,故今日介紹的是有大灣區概念招商局港口(144),市盈率只有約7.5倍,市賬率不足1倍,息率近6厘,可作中線部署,目標價19.5元阻力。

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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