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大和:A股及港股具備長期投資價值,看好廣聯達、隆基綠能等股

大和發表報吿,指出內地A股及港股有長期投資價值,滬深300指數12個月預測市盈率低於過去十年均值,恆生綜合指數估值跌至接近紀錄低位,與過去十年均值低逾一個標準差。

報吿指,在行業方面,A股市場熱門股的高估值溢價已接近消失,健康護理及資訊科技一年預測市盈率較十年均值低一個標準差,非必須類消費品及必須類消費品股估值相對較高,但可在今年穩固增長獲回報。港股方面,行業估值一般較A股更吸引,但盈利較弱。內地經濟放緩影響分析員對互聯網平台盈利的能見度,如阿里巴巴(9988.HK)及騰訊(0700.HK),因此拖低港股非必需類消費股及通訊服務股盈利預測。

該行在港股市場方面,下調健康護理行業今年盈利增長預測至17.3%,在海外業務風險敞口較大生物科技公司的地緣政治風險,亦為導致該行把健康護理行業評級由“增持”降為“中性”的原因。該行同時上調通訊服務行業評級,由“減持”上調至“中性”。

該行把廣聯達(002410.SZ)及蒙牛(02319.HK)納入中港市場首選股名單,並從該名單中移除招行A股(600036.SH)及友邦(01299.HK)。

大和最新中港市場首選股包括,歌爾股份、廣聯達、重慶啤酒、藥明康德A股、隆基綠能、比亞迪A股、順豐控股、蒙牛、騰訊、海豐國際、大唐新能源、美團-W、海爾智家、金沙中國。

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