第一上海料中資股可迎估值修復 恆指可上試兩萬八 本季薦六隻重點股
阿思達克 04-29 14:51
第一上海發表港股第二季策略報告表示，在當前全球疫情仍在持續，世界經濟復甦乏力，中國經濟外部環境更趨復雜嚴峻和不確定的背景下，從稅費優惠規模的擴大惠及面，到財政赤字率的穩健運行，再到政府投資的堅挺推進，今年的財政預算穩中有進。
第一上海指，港股首季市場由於受到俄烏衝突地緣政治、中美就中概股退市問題未能達成共識、國內疫情反覆和美聯儲加快加息步伐的影響，恆指已從二月初的25,000高點回落至19,900點左右水平，該行對二季度股市維持樂觀的態度，主要是基於長期向好的經濟基本面未改，隨著人行4月份首次下調存款準備金率0.25%，以及大規模的減稅退稅政策的推出，預計港股的中資企業整體基本面會逐漸向好發展，有望帶來估值修復。
該行表示，港股仍處於低估值區間，在目前加息環境下高股息率具有一定的吸引力。目前恆生指數相當於2022年8.6倍市盈率和1倍的市淨率，港股現時估值橫向對比其他市場仍具有一定的安全邊際。考慮到經濟基本面的支撐，該行認為2022年恆生指數合理區間為18,500點至28,000點、料恆生中國企業指數區間為6,200點至9,300點，對應2022年預期市盈率為6至9倍。和目前指數水平相比，恆指和國指2022年高仍有39%和38%的上升潛力，指恆生指數和恆生國企指數年內仍有望升至28,000點和9,300點 。
該行亦列出今年首選股，在本港上市股份包括中國平安(02318.HK)、比亞迪(01211.HK)、雅迪控股(01585.HK)、騰訊(00700.HK)、港交所(00388.HK)、藥明生物(02269.HK)、時代電氣(03898.HK)、美團(03690.HK)、華潤電力(00836.HK)、比亞迪電子(00285.HK)及舜宇光學(02382.HK)。
第一上海表示，考慮到當前經濟環境和市場現況，亦列出6隻第二季重點推薦股份，包括中移動(00941.HK)、華潤燃氣(01193.HK)、紫金(02899.HK)、保利協鑫(03800.HK)、鄭煤機(00564.HK)及牧原食品(002714.SZ)。
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