汇丰私银:恒指年底目标28,080点 料中概股来港将提升恒指长期盈利增长及估值重估展望
汇丰私人银行亚洲区首席市场策略师范卓云出席记者会时指,考虑到中美紧张关系持续,料预期中概股美国预托证券(ADR)在香港上市的趋势将会加快,以应对美国规管政策风险。在未来三年预料11家大型中概股美国预托证券在香港陆续上市後,将会大幅改变恒生指数的组成,其中非必需消费品板块估指数的比重将由6%增至22%,科技板块将由13%升至21%。高增长的新经济中概股加快在香港上市,将有助提升恒生指数长期盈利增长和估值重估的展望,对香港股票维持中性观点,预测恒生指数2020年底目标为28,080点。
另外她预期亚洲区内中央银行在今年内将持续减息,利好亚洲股票和债券市场的投资展望,至於中国的货币政策,该行预期在2020年内,贷款市场报价利率将调降30点子,存款利率料将下调30点子,此外存款准备金率预料将调降0.5厘。而中国政府计划增加基础建设和医疗保健设施投资,并将投资重点放在新基建,包括5G网路、云端科技和数码供应链的升级,政策利好将支持该行对中国股票、中国美元及本币债券的偏高配置。
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