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植耀輝: 港股反彈惟難持久 收租股未宜撈底
阿思達克 09-25 11:29

耀才證券研究部總監植耀輝稱,港股經歷六連跌後,昨日(24日)終於出現反彈,不過反彈力度不算強,而且升幅主要來自友邦(01299.HK)及匯控(00005.HK)身上;至於成交量亦只略見增加,所以筆者對後市走勢仍相當有所保留。反而外圍情況仍較值得留意,除了大家一直關注之中美貿易談判外,於紐約召開之聯合國大會亦肯定「好戲連場」,皆因多國均面對棘手問題,東道主美國總統特朗普便肯定會跟伊朗總統魯哈尼大打「口水戰」,烏克蘭總統近日亦捲入華府政治風暴; 印巴喀什米爾問題以至日韓貿易糾紛等亦會是一大焦點,若再加上脫歐未明之英國,以及在亞馬遜雨林大火上被千夫所指的巴西,今次大會肯定會相當「精彩」。

至於港股則肯定「無運行」,A股在十一國慶前「維穩」味濃,並繼續於3,000點附近上落;反而港股未有見利好消息之餘,對經濟及企業盈利之擔憂將繼續困擾市場氣氛,所以筆者繼續以26,000點作為首個下跌目標。

由於經濟狀況轉差,越來越多聲音提到要「共度時艱」。有個別發展商如大古地產(01972.HK)及南豐集團便宣布個別商場將會臨時調整租金。某程度上,面對當前情況,減租亦是無可奈何之舉;當然,筆者對此種做法感覺正面,不過現實情況似乎反映零售租務市場短期仍將面對相當大挑戰,因此相關板塊亦不宜現階段撈底。

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