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植耀輝: 美股反覆納指續強 今日焦點京東(09618.HK)掛牌
阿思達克 06-18 12:02
耀才證券研究部總監植耀輝稱,隔晚(17日)美股走勢持續見反覆,投資者繼續關注疫情對經濟復甦之影響。不過納指走勢仍理想,科技股續創新高。最終道指收報26,119點,下跌170點或0.7%;標普500指數亦下跌11點或0.4%,收報3,113點。納指則上升14點或0.2%,收報9,910點。

港股方面,昨日大部分時間呈拉鋸格局,不過在收市前受買盤支持下,恆指走勢有所轉強,收市升至近24,500點水平。雖然恆指表現似不俗,市底亦頗「硬淨」,惟始終市場上仍存在眾多不明朗因素,特別是疫情狀況仍受投資者關注,相信港股仍難出現突破。預期大市將繼續於24,000點附近水平上落。

焦點則肯定是今日在港作第二上市之京東(09618.HK)。隔晚京東美國ADS收市價為62.01美元,以此計今日京東將有約7%升幅。由於今日同時亦是「618購物節」,相信氣氛有利其股價短期表現,不過以投資價值而言,筆者仍為阿里巴巴(09988.HK)表現仍較理想。論營業增速京東及阿里過去三年皆有不俗表現,但論盈利能力方面,去年阿里巴巴毛利率約46%,相比之下京東則只有14.8%。經營溢利方面,阿里持續有不俗盈利表現,相比之下京東則較飄忽,去年始能虧轉盈。所以京東暫只建議短炒為較佳。

(筆者為證監會持牌人,持有阿里巴巴股份)~

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