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大摩:料中资黄金股“跑赢大市” 招金矿业(1818.HK)为板块首选
格隆汇 09-11 16:33
摩根士丹利发表研究报告指,虽然实体黄金的消费需求疲弱,上半年按年跌8%,但由于人民币在过去一个月贬值3.28%,黄金投资有显著增长。另外,该行提到中国主要黄金ETF的资产管理规模上升37%至147亿元人民币,加上上海期货交易所的黄金交易量按年上升180.4%至5.81万吨,相信这都会有助支持金价维持在目前的七年高位。
大摩相信,在持续人民币弱势下,中资黄金股的表现将会跑赢大市。中资黄金股自中期业绩公布以来已出现调整,尤其是招金矿业(1818.HK) 已累跌8.2%,而同业在8月26日以来跌幅介乎2.8至5.6%,但招金矿业仍是其在黄金板块中的首选。该行预期,人民币持续转弱及即将到来的联储局会议将会成为短期的催化剂。该行的美国经济团队预期,联储局将会减息25个点,这将对黄金价格产生正面影响。
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