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: 7月港股似大翻身 多重利好港交所(00388.HK)續看俏
阿思達克 07-07 12:01
耀才證券研究部總監植耀輝稱,港股在踏入下半年後表現相當不俗,短短數個交易日累升已達1,911點或7.8%,亦令年初至今跌幅收窄至不足7%。港股能有如此表現,騰訊(00700.HK)及港交所(00388.HK)貢獻不少,兩者年初至今便累升達到39%及72%。

當然,港股下半年走勢仍要視乎多個因素,當中本地政經局勢仍會備受關注,而中美關係則會持續對投資氣氛帶來影響。事實上過去兩年中美關係因貿易戰時好時壞,對港股影響亦顯著;此外,經濟活動能否在下半年恢復亦相當關鍵,惟由於各地疫情依然嚴峻,故現階段仍難作出評估。不過,以上觀點對港股之影響較中長期,短期左右恆指去向還看北水之部署。下文會再詳加解釋。

板塊方面,上半年新經濟及科技股以及醫藥相關股有理想表現,下半年預期仍能維持強勢,畢竟相關板塊仍受惠多個利好因素。其中一大因素在於北水持續追捧相關股份。就以美團點評(03690.HK)及中芯(00981.HK)為例,年初透過深滬股通之持股量分別為2.49%及19.59%,最新數據已增至4.37%及22.9%,事實上其他當炒科技股亦有相同情況。

不過,北水持續流入亦要有利好憧憬,而第二上市及同股不同權股份有機會納入恆指成份股之列便是其中之一。筆者相信,隨著越來越多具實力之中概股回歸,將令港股吸引力進一步增加,未來北水亦會更關注新經濟股以至生物醫藥股。亦因如此,港交所仍是其中一隻下半年值得看好股份。在新股活動活躍以及中港金融有更多機遇下,前景依然樂觀。

尚有一個板塊值得留意,就是筆者過去數年一直看淡之汽車股。以往看淡之原因,主要是擔心汽車銷情見頂以及競爭因素。不過,今年情況開始有所改善之餘,由於汽車跟房地產為內地重要產業支柱之一,故在穩經濟大前題,以及下半年會有更多利好政策出台,同時去年汽車銷售基數較低之緣故下,下半年整體板塊有望反彈,只是該板塊由上周開始已顯著抽升,故可待調整時伺機吸納如吉利(00175.HK)等股份。

另外,鑑於後市仍有相當多不確定性,相信防守性股份如本地電訊股及公用股等亦會有資金追捧。

(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