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匯豐私銀:恆指年底目標28,080點 料中概股來港將提升恆指長期盈利增長及估值重估展望
阿思達克 06-29 11:18
匯豐私人銀行亞洲區首席市場策略師范卓雲出席記者會時指,考慮到中美緊張關係持續,料預期中概股美國預託證券(ADR)在香港上市的趨勢將會加快,以應對美國規管政策風險。在未來三年預料11家大型中概股美國預託證券在香港陸續上市後,將會大幅改變恆生指數的組成,其中非必需消費品板塊估指數的比重將由6%增至22%,科技板塊將由13%升至21%。高增長的新經濟中概股加快在香港上市,將有助提升恆生指數長期盈利增長和估值重估的展望,對香港股票維持中性觀點,預測恆生指數2020年底目標為28,080點。

另外她預期亞洲區內中央銀行在今年內將持續減息,利好亞洲股票和債券市場的投資展望,至於中國的貨幣政策,該行預期在2020年內,貸款市場報價利率將調降30點子,存款利率料將下調30點子,此外存款準備金率預料將調降0.5厘。而中國政府計劃增加基礎建設和醫療保健設施投資,並將投資重點放在新基建,包括5G網路、雲端科技和數碼供應鏈的升級,政策利好將支持該行對中國股票、中國美元及本幣債券的偏高配置。

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