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.
晨星料內地科技公司短期受壓但估值合理 首選騰訊(00700.HK)
晨星亞洲股票研究總監陳麗子表示,相對於晨星的公允價值估計值,亞洲股票有約4%折價,雖然相較於美股估值稍低,但若幹不利因素或將持續拖累短期表現,優質大型公司股票估值相對較吸引,特別是由晨星評級爲具備長期競爭優勢的股票,認爲中國科技公司近期回落也帶來投資好機會。

她指出,鑑於內地科技行業有關監管收緊引起的疑慮未見消退,且當局呼籲科技企業應在創造社會價值方面發揮更大的作用,都對科技公司利潤水平帶來影響,預期行業將持續面臨下挫壓力。晨星估計,除非監管機構的態度出現明顯轉變,或股票估值更具吸引力,纔會使投資者更有信心買入,首選風險抵禦力較強的騰訊(00700.HK),認爲有護城河保護的騰訊,長期保持良好增長,短期估值亦相當合理。

能源業方面,晨星預測原油需求將在2022年全面復甦,雖然OPEC正討論放寬原油減產,但料將會採取逐步恢復產量方式,加上美國上市公司尚未有大幅增加支出的意願,原油產量增長未見明顯,推動布蘭特原油價格突破至每桶逾70美元,高於晨星的每桶60美元中期預測值。由於原油供需往往供不應求,晨星認爲短期的價格風險依然偏向上漲,首選業務聚焦石油產業上遊的中海油(00883.HK),其每桶總生產成本低於30美元。

另外,晨星亦看好銀行金融業,信貸成本下降將助推銀行今年獲利能力,料淨利差按季保持穩定,首選中銀香港(02388.HK)及建設銀行(00939.HK)。

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