星展:予恆指明年目標28300點 薦中銀、港交所等12只首選股
星展發表港股明年展望報告表示,港股恆指今年以累升2%,相信市場已反映香港事件、潛在貿易的影響,指目前估值合理。該行稱,難以預期中美兩國可就貿易爭議完全達成共識,或可達成降低部份關税的部份協議,並相信明年美國總統大選將是事件的重要轉折點。
該行指,基於市場已反映本地社會動盪事件因素,予恆指明年基本情境目標至28,300點,此相當預測2021年市盈率9.9倍(在「牛」情境予目標31,500點,在「熊」情境予目標17,800點);而該行予國指2020年目標10,800點,此相當預測2021年市盈率7.4倍(在「牛」情境予目標12,300點,在「熊」情境予目標8,630點)。
星展亦列出該行明年12只港股選股,維持中銀香港(02388.HK)、新地(00016.HK) 首選股地位,續看好港交所(00388.HK),可受惠中概股來港上市,同時喜愛食品及飲料股蒙牛(02319.HK),維持看好世房(00813.HK)及中國平安(02318.HK)。基於增長因素,決定以宇華教育(06169.HK)取代中教控股(00839.HK)作為首選股,繼續看好碧桂園服務(06098.HK)。
該行亦新納入中國鐵塔(00788.HK)為首選股,看好其受惠5G的資本開支,並喜歡招行(03968.HK),因具穩定業務及人民幣表現,該行亦相信中國國航(00753.HK)可受惠本土良好油價環境。而該行亦看好領展(00823.HK) 前景。
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