You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
植耀輝: 減息刺激作用有限 電動車概念續長炒長有?
阿思達克 03-04 11:23
耀才證券研究部總監植耀輝稱,金融市場近期變得異常波動,美股短短數個交易日便先後創下以點數計最大單日升跌幅,如此大上大落自07至2008年金融海嘯後已相當少見。現時投資市場風高浪急,一方面繼續受疫情擴散消息困擾,另一方面又憧憬環球央行將採取聯合救市行動。在好淡消息夾雜下,投資者須勒緊安全帶矣!值得一提的是,雖然寬鬆政策在望,但相關措施只能當作緩解市場恐慌情緒,如疫情進一步在美國等重要經濟體爆發,所帶來的衝擊並不是減息所能挽救。因此對後市還是保守一點會較好。電動車概念可說是繼5G及手機設備後,另一個近年長炒長有之板塊,其中Tesla效應可謂功不可沒,自宣布於上海設立超級工廠及正式交付Model3後,相關概念股包括比亞迪(01211.HK)(炒作其「刀片電池」效能)以及贛鋒鋰業(01772.HK)(向Tesla提供電池級氫氧化鋰產品)便炒過不亦樂乎。除此以外,去年赴美上市之蔚來汽車亦公布一大型合作計劃。上周該公司宣布將於合肥建設蔚來中國總部、研發及生產基地等8個項目,總投資額達到1,020億元人民幣(下同)。按照合肥市政府對外披露之資料,蔚來汽車預計今年營收達到148億元,2024年擬上市6至8款車型,營收達到1,200億元。此外,有意於2025年前到科創板上市。一切似乎相當不俗,但蔚來汽車未來發展仍然充滿未知數。該公司去年第三季度業績,雖然相較去年同期虧損97.57億元大幅收窄,惟虧損仍高達25.2億元,同時由於一直處於「燒錢」狀態,令其對資金需求甚殷,亦不斷需要進行融資計劃,但究竟何時才能達致收支平衡,現時仍屬未知之數。除此以外,內地電動車行業競爭一直相當激烈,蔚來亦不見得有發展優勢。其股價自2018年9月上市至今表現亦持續令人失望,現價仍較當年6.26美元上市價低出34%。同時不少基金股東如高瓴資本及淡馬錫已先後減持,多少反映投資者的看法。至於本地電動車概念股,股價早已被大幅炒上,贛鋒鋰業便由20元水平,短時間內暴升至最高38元水平。可以肯定的是,在穩增長前題下,汽車板塊仍將會是內地重點支援行業之一,而新能源汽車/電動車之發展亦會加快(廣州市最新發布提振汽車消費新措施),所以下半年可能會有新一輪炒作。只是現階段已出現過分炒作之情況,因此大家宜暫觀望會較適合。(筆者為證監會持牌人,並未持有相關股份)~
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.
uSMART
Wealth Growth Made Easy
Open Account