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郭家耀: 资金换马传统板块 港股短期再升空间料有限
阿思达克 06-10 09:55
正荣金融业务部副总裁郭家耀称,美股周二(9日)个别发展,市场注视联储局一连两日议息会议结果,投资者对疫情发展仍然关注。道指连日上升後,一度急挫超过400点,收市仍录得300点跌幅,科技股逆市向好,多只大型科技股破顶,带动纳指首度冲破一万点水平。美元走势继续偏软,美国十年期债息回落至0.82厘水平,金价及油价表现向好。港股预托证券大致偏软,预料大市早段跟随低开。

内地股市向好,沪综指高开高走,收市上升0.6%,沪深两市成交额略为减少。

港股连日向好,外围升势带动下,指数突破25,000点水平,成交继续保持活跃,资金则继续换马至传统类板块。由於早前累积升幅较大,短期大市上升空间或不多,预料继续於24,200至25,200点水平上落。

另内地电商巨头京东(09618.HK)开始在港招股,计划发行1.33亿股,集资最多313.88亿元。预计集资净额约309.88亿元,拟用於投资以供应链为基础的关键技术创新,以进一步提升客户体验及提高营运效率。

京东目前市值高达800亿美元,为内地第二大电商平台,业务模式主要为采购商品再出售,并拥有自营物流体系京东物流,通过赚取商品差价获利。由於自营电商平台营运成本高,并通过低价换取销量,令毛利率受压。京东近年逐步开放平台,平台服务净收入逐步提升,上季平台服务净收入达161亿元人民币,占总收入11%。

京东采用「同股不同权」架构,刘强东持有2,700万股A类股及4.2亿股B类股,持股比例为15.1%,但拥有78.4%的投票权。由於网易招股反应理想,加上近日新经济股走势强劲,预料京东也可获得不俗招股反应,可考虑现金认购。

(笔者为证监会持牌人,没持有上述股份)~

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