植耀輝: 恆指繼續未見方向 回A概念股續見炒作
耀才證券研究部總監植耀輝稱，恆指繼續區間上落未見明確方向，始終現時港股變數頗多，疫情之嚴峻不用多說，中美關係之潛在影響更是難以作出計算。另外很快又到公司業績發布期，在難有憧憬下，縱使港股在資金市下有一定支持，但要出現突破恐怕仍有相當難度，短期惟有維持「炒股不炒市」矣!
雖然大市繼續缺乏方向，科技股亦略見調整，不過回A概念股依然越升越有，昨日東風集團(00489.HK)便因此而大升13.5%，但其實還有其他股份受回A消息支持而大升，遠大住工(02163.HK)便是其中之一。自今年5月15日開始提到回A至昨日收市為止，股價累積升幅達到2倍。即使於7月22日公布盈警，預期今年上半年業務盈轉虧，但股價亦未見受太大影響。
在此先跟大家介紹遠大住工基本資料。該公司於去年11月初上市，上市價為9.68港元，其業務主要包括PC(預製混凝土)構件製造及PC生產設備。由於業務本身看似沒有太多賣點，股價長期「潛水」之餘，成交亦一向疏落。不過，在回A消息曝光後，其股價及交投始顯著上升。
亦可談談其本業發展。筆者相信大部分讀者對PC認識並不深，其實近年相關產業有不俗發展，其中一樣較為人熟悉就是樓宇建築時所採用之嵌入式組件，這種做法可減省現場施工工序，以及減少建築過程受天氣條件、勞動力資源和施工場地限制影響，並提升建造業生產力、安全性及可持續性。而遠大住工正是內地PC構件製造及生產設備製造商之龍頭，2018年於內地之市場份額便分別達到13%及38.3%。其業務夥伴亦為大家所熟悉，當中便包括碧桂園(02007.HK)及萬科(02202.HK)等內地大型房企。
過去數年遠大住工業績表現亦相當不俗，去年盈利便急升45.2%至6.76億元人民幣。今年上半年雖發盈警，但公司指是受疫情影響，令部分自營工廠客戶工程項目及PC構件銷售延期；故如下半年內地經濟活動能陸續恢復正常，下半年業績料會有不俗反彈。儘管如此，股價突然如此暴漲，似乎與本業發展無關，而回A便是本輪急升之最大催化劑。
當然，回A憧憬確有利短期股價走勢，只是有中芯「前車之鑑」，正式回A後相關炒作可能「話完就完」，而且遠大住工還有另一個「見頂」指標，就是大戶趁高減磅。基石投資者之一的中聯重科(01157.HK)近日便連番作出減持，其持股量由上市時之19.75%，降至最新14.8%。故現價是否仍值得高追，建議大家還是三思較好。
(筆者為證監會持牌人，未持有上述股份)~
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.
