郭家耀: 內地「放水」力度遜預期累港股 蒙牛(02319.HK)併購料利長遠發展
正榮金融業務部副總裁郭家耀稱,美股周二(17日)先跌後反彈,投資者關注聯儲局議息會議結果,沙地阿拉伯表示受損的石油設施於月底能完全會恢復生產,紓緩市場對原油供應憂慮,利好大市氣氛,三大指數均錄得溫和升幅收市。美元走勢略為回落,美國十年期債息回落至1.80厘水平,金價表現靠穩,原油價格顯著下滑。港股預託證券表現平穩,預料大市早段溫和高開。內地股市走勢回落,人行未有調整中期借貸便利操作利率水平,減息預期落空,拖累滬綜指下跌1.7%,失守3,000點水平,滬深兩市成交額為5,859億元人民幣,與近日水平相若。
港股表現向下,市場憂慮油價高企影響美國減息步伐,內地貨幣政策寬鬆力度不及預期,加上宏觀經濟數據表現向下,亦拖累大市氣氛,預料指數短期維持反覆偏軟局面,有機會下試26,500點支持,反彈阻力在27,300點水平。
另蒙牛乳業(02319.HK)公布,建議以每股12.65澳元收購澳洲有機嬰幼兒配方奶粉及嬰兒食品廠商Bellamy's Australia Ltd全部股本,總代價約14.6億澳元。Bellamy's目前主要從事有機嬰幼兒配方奶粉和嬰幼兒食品的銷售業務,收購價較Bellamy's於上周收市價高出52%。蒙牛現持有Bellamy's股份約2.9%,預期會以內部資金結合銀行融資的方式,為收購交易提供資金。
蒙牛指出,有機嬰幼兒配方奶粉和嬰兒食品市場為集團帶來極為吸引的增長和利潤率提升的機會。Bellamy's的最新淨資產約2.323億澳元,今次作價市賬率約6.3倍,亦相當於明年預測市盈率約60倍,對Bellamy's股東相當吸引,看來蒙牛對是志在必得,期望加強嬰幼兒配方奶粉業務的實力,有利長遠發展更均衡。
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