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中金:料北水提升消費板塊估值 升農夫山泉、頤海國際目標價
格隆匯 01-25 13:21

中金髮表報吿表示,南下資金持續加倉港股優質資產,有望提升整體港股消費板塊市盈率水平,分別上調農夫山泉(9633.HK)目標價42%至59港元,及頤海國際(1579.HK)目標價18.7%至136.5港元。

中金指,自去年12月至今年1月22日,中金港股必選消費板塊港股通淨流入資金規模達約150億元;由於A股必選消費板塊估值顯著高於港股,A股較H股溢價率達63%,而港股必選消費板塊整體估值偏低、優質資產具備稀缺性,以及今年多數缺乏關注度的公司基本面有望迎來改善。

該行續指,南下投資者普遍偏好投資高增長性的優質龍頭,儘管港股通持股比例較高的個股,估值也高於板塊平均估值水平,惟公司基本面仍是主導因素,而南下資金的定價權亦較為明顯。該行又指,其他值得關注的消費股包括青島啤酒(0168.HK)、華潤啤酒(0291.HK)、百威亞太(1876.HK)、中國飛鶴(6186.HK)、周黑鴨(1458.HK)、康師傅控股(0322.HK)、中國食品(0506.HK)、H&H(1112.HK)及萬洲國際(0288.HK)。

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