《即日市评》恒指反覆涨成交千九亿 美团配股後倒升
科网股走弱下，港股今日个别发展。投资者观望美企季绩，电动车生产商特斯拉生产电动车发生致命交通意外，股价下跌拖累纳指，道指及纳指昨晚各跌0.4%及1%。执笔之时，美国十年期国债孳息率升至1.624厘，美汇指数跌至90.96水平，美股道指期货最新跌30点或0.09%，纳指期货最新升0.13%。国家主席习近平以视频方式在博鳌亚洲论坛发表主旨演讲时表示，全球治理应该符合变化了的世界政治经济格局，国与国相处，要把平等相待、互尊互信挺在前面，并指中国无论发展到甚麽程度，永不称霸不扩展。上证综指全日跌4点或0.1%收3,472、深证成指下滑0.11%，沪深两市成交额共8,456亿人民币。
恒指今早低开143点，早段跌220点低见28,885点，其後曾倒升114点一度高见29,220点，最终全日升29点或0.1%，收29,135点；国指跌7点或0.1%，收11,085点；恒生科技指数跌34点或0.4%，收8,311点。在美团(03690.HK)配股大手上板下，大市全日成交总额增至1,957.11亿元(美团单股成交674亿元)，沪、深港通南下交易净流入金頧分别为20亿及41.96亿元人民币。
携程集团(09961.HK)今日股价上扬3.2%收289.2元。阿里巴巴(09988.HK)股价走低1.6%，腾讯(00700.HK)股价跌0.7%。
【美团反覆升 缓资本忧虑】
市场焦点之一是美团今日股价先跌後回升，最终升1.5%收293.6元。美团今早(20日)开市前後公布以先旧後新方式配股净筹66亿美元(逾512亿港元)及发可换股债券筹逾29.8亿美元(约逾231亿港元)。美团与主要股东腾讯(00700.HK)订立认购协议，腾讯认购美团其中1,135.26万股股份，占扩大後股本0.2%，净额预计约为4亿美元(逾31亿港元)。
市场预期美团近季及未来数年将大举抢攻社区团购，相关业务短期会录得相当亏损，摩根士丹利最新报告指美团进行上述融资计划可消除市场对其资本忧虑，有助公司坐拥充足的资本，於未来在内地社区团购「大战」中与同业阿里巴巴及拼多多(PDD.US)竞争。
野村指社区团购成为内地互联网行业最大战场，比较社区团购竞争同业可供作战的「弹药」，连同是次集资，估计美团手持现金约180亿美元(约1,398亿港元)，拼多多则有170亿美元(约1,320亿港元)，阿里在扣除反垄断罚款後有516亿美元(约4,008亿港元)，京东则有157亿美元(约1,219亿港元)。
【市宽呈转弱 李宁有支持】
港股今日市宽转弱，主板股票的升跌比率21比21(上日为28比15)，恒指成份股今日34只股份上升，下跌股份18只，升跌比率为62比33(上日为65比25)；大市今日录沽空192.65亿元，占可沽空股份成交1,706.63亿元的11.288%(上日14.896%)。
李宁(02331.HK)股价上扬3.7%收63元。中金发表报告，指李宁(剔除李宁Young)首季零售额按年增长80%至90%高段，预计较2019年首季有50%至60%的增长。分渠道看，中金预计线下零售、线下批发、电商渠道首季零售额较2019年首季分别实现约25%、约50%及超过120%的增长。
中金维持对李宁2021/2022年每股盈利预测0.92/1.18元不变，目前股价分别对应2021及2022年的市盈率为57及44倍，维持「跑赢行业」评级，考虑近期新强事件带动本土运动品牌销售额快速增长，提振估值水平，上调目标价16%至68.98元，对应50倍2022年市盈率，较目前股价有13.5%的上行空间。(wl/u)
~
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.
