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里昂:籲增持中資券商及保險股 看好華泰(6886.HK)等
格隆匯 01-21 16:50
里昂發表的研究報告指,根據券商中國 與內地險企首席投資官所做的調查顯示,大部分受訪者對2020年整體投資展望看法中性,而有三分一則看法正面,至於今年表現能否跑贏去年看法則各有不同,有大約33%人認為今年將更差,29%認為將較好,而另外29%則認為難以估計。受訪者認為在眾多投資風險中,有56%受訪者認為中美貿易摩擦不確定性最大,而認為是利率下行的則只有11%。在資產類別方面,險企傾向增持股票或股票基金,其次則是其他股票類投資,認為隨着利率下行,現金或存款均不吸引。
該行認為A、H股估值上均吸引,特別是在A股方面有75%受訪者認為今年將機會將較風險多。而在板塊方面,分別有26%、23%及19%的受訪者喜歡科技、金融及健康護老行業,而消費及房地產則分別有17%及15%。而在H股方面,有70%受訪者認為港股市場有較大機遇,其餘30%則認為有策略性機遇。
該行認為調查看法未知是對是錯,但在資產短缺的情況下資金仍會流入股市,相信將惠及券商股及保險股,故籲增持相關行業,在股份方面則看好華泰(6886.HK) 及中國銀河(6881.HK) ,予“ 買入 評級,而中國人壽(2628.HK) 評級則為“ 跑贏大市 ”。
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