植耀辉: 港股27,000点阻力大 阿里(09988.HK)短期料续造好
耀才证券研究部总监植耀辉称，港股昨日(26日)走势反覆，27,000点继续好淡拉锯，始终两大变数亦即中美贸易谈判消息时好时坏，本地局势气氛上略见好转，但暂时亦未谈得上恢复正常状况，所以大市短期仍只会处於窄幅上落。值得一提的是A股，笔者以往曾指出成交金额反映内地投资气氛，而昨日沪深成交量又显着跌至不足3,000亿元人民币，反映气氛又变得相当审慎，情况亦似乎对A股略为不利。一旦A股走势转弱，可能亦会拖累港股表现矣。另外，本周美国亦将踏入感恩节假期，且看消费股如创科(00669.HK)及伟易达(00303.HK)能否受惠。
亦不得不谈谈昨日登场之阿里巴巴(09988.HK)股价表现。阿里股价首日登场表现相当不俗，全日计亦升6.56%，总算没有令捧场客失望。不过要紧记其股价主要参考隔晚美国ADS收市价(昨晚收市价为190.45美元)，以一股ADS相当於8股普通股计算，合理价约为185.69港元，而昨日港股收市价则呈约1%之溢价，某程度上可解释为部分基金追货以及衍生工具因素。由於隔晚阿里ADS继续有好表现，收报194.7美元，上升2.23%，即大概189.83港元，相信今日(27日)股价料可继续造好。
阿里上市，对港交所(00388.HK)亦可能有正面帮助，皆因曾有大行预期阿里上市後将可刺激港股总交投上升至少一成，这亦不难理解，皆因腾讯(00700.HK)过去正股及衍生工具总成交便占大市相当比例，相信未来阿里亦会出现相似情况。
不过，投资者最担心的还是港交所「太花心」，追求伦交所不遂，便移情至西班牙交易所。交易所合并甚至「抢亲」并不少见，各大交易所近年亦积极进行并购以增加影响力以及实行跨时区交易。只是若港交所再出高价抢购，则可能又会令投资者「寝食难安」。何况港交所股在255元以上阻力相当大，所以不宜在现阶段追入。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app！
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
