恆生投資管理:中國科技股對監管消息反應越來越淡 惟市場信心仍弱
恆生投資管理董事兼投資總監薛永輝表示,中國科技企業是最早受到監管措施影響,這些股票的股價對監管消息的反應越來越淡,估值已回落到較合理的水平,不過市場對這些股票的信心仍然弱。他說,科技股在恆指的權重高,因此容易造成恆指波動,不過指數再下行空間有限,走勢可能要到明年纔會變好。
薛永輝表示,該公司的中國股票投資策略,會集中投資政策風險低的板塊,受惠長遠戰略發展的高科技股票,包括高質素非必需消費品、高科技產業、新能源行業等,看淡傳統能源、電訊及互聯網服務平臺、教育股。
薛永輝預料,年底前內地人民銀行將再降準1次,料今年內地經濟增長8.5%。他認爲,相對港股,會較看好A股,人民銀行或在今年餘下時間釋放流動性,而這些流動性傾向令中小企受惠,而國內比較多中小企、內循環、和高科技相關股票,A股因而能受惠。
薛永輝說,港股較多金融股和科網股,同時受到外來資金影響,因此受內地放水的影響未必如A股般直接。他指,澳門博彩股同樣受監管政策影響,但認爲市場對賭場續牌已有預期,但未能預測監管細則。
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