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惠理:全球央行「放水」衰退機會降 中國股票估值較便宜
阿思達克 03-12 17:07
惠理集團(00806.HK)公布去年業績,聯席主席兼聯席首席投資總監謝清海在主席報告撰文指,新型冠狀病毒在全球蔓延是當前最緊迫的事件,其所引發的連鎖恐慌效應在某程度上已超過病毒本身的危害。由於全球最大的股票市場-美國股市之估值已處於歷史昂貴水平,在不利信息下應聲急跌,對本身已出現的供應及需求問題帶來金融方面的衝擊。

謝氏稱,整體而言,公司保持樂觀。與所有其他衝擊相同,新冠病毒的影響終會減退,各國的政府及央行致力實施強而有力的貨幣及財政政策對抗疫情。事實上,中國可能比預期更好地渡過是次危機。中國相關股票現時的市盈率約10至12倍,估值較美國的17倍及全球的平均15倍便宜。

惠理在業績報告稱,展望今年,金融市場已作好準備應對2020年由地緣政治爭鬥、貿易或疾病所帶來的風險。全球央行繼續注入流動資金將可降低環球市場於2020年出現衰退的可能性。於亞洲方面,有分析指區內的經濟體系即使經濟狀況倘未下滑至底部,亦將觸底反彈。市場預期經濟及企業盈利將會復甦。連同對疫情爆發的憂慮,惠理相信多個國家(包括中國)的市場數據已反映有關負面事件,將逐步走出陰霾復甦,並提供買入良機。

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