郭家耀: 港股短期料難突破 蒙牛(02319.HK)併購澳同業惹憧憬
正榮金融業務部副總裁郭家耀稱,美股周三(27日)造好,三大指數繼續破頂,市場對中美貿易談判能夠達成協議保持樂觀,聯儲局最新經濟報告指當地經濟活動適度擴張,利好大市氣氛。美元溫和向好,美國十年期債息上升至1.76厘水平,油價及金價則略為受壓。港股預託證券大致偏軟,預料大市早段跟隨低開。內地股市反覆回落,中國十月份工業企業利潤數據疲弱,市場憂慮經濟下行壓力仍大。滬綜指低開低走,收市下跌0.1%,滬深兩市成交額減少至3,555億元人民幣。
港股繼續好淡爭持,市場觀望外圍消息,指數受制於27,000點水平。投資者關注中美貿易關係進展,短期不易出現太大突破,預料指數繼續於26,500至27,400點上落。
另蒙牛乳業(02319.HK)日前公布擬收購澳洲品牌乳品及飲料公司Lion-Dairy & Drinks Pty Ltd全部股權,初始對價為6億澳元。Lion-Dairy & Drinks主要從事生產及銷售其乳製品及飲料組合,包括奶類飲品、酸奶、白奶、低溫果汁及飲料、常溫果汁及飲料、沙冰、烹調及植物基產品。蒙牛表示今次收購乃打造區域市場整合者的重要里程碑,能夠提供可觀的市場拓展機遇,並有助於集團在高端超高溫處理奶品的發展機遇及供應鏈的協同效應。
今次作價相當於LDD去年市盈率約13倍,企業價值相對EBITDA比約5.7倍,較同業有明顯折讓,正好反映今年較困難的經營環境。協同效益方面,澳洲原奶價格大幅低於中國,交易完成後,蒙牛可利用便宜的澳洲奶源,並將更多的高級乳製產品出口到中國,充分反映成本優勢。
(筆者為證監會持牌人,沒持有上述股份)~
阿思達克財經新聞
網址: www.aastocks.com
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.