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《大行報告》花旗下調恆指至年底目標至24,300點 H股首選比亞迪及中銀等
花旗發表港股策略報告表示,仍看好中資股前景,根據歷史趨勢,相信已反映美聯儲加息的擔憂,當高效疫苗出現時,內地進一步封鎖的風險也應該會降低,預計中資股大多數行業在今年下半年的收入和利潤增長將高於今年上半年,故增持消費、工業、互聯網和汽車板塊。 該行的中資H股首選股括比亞迪(01211.HK)、中銀香港(02388.HK)、李寧(02331.HK)、蒙牛(02319.HK)、創科(00669.HK)、京東(JD.US)、網易(NTES.US)。 花旗表示,美元加息因素對港股的影響可能已被計入市場預期,在這個週期中,預計美聯儲在2022年至2023年的總加息幅度為350至375個基點。基於上述歷史趨勢估計,恆指最早可能2022年5月至7月期間見底。該行料加息期間美元升值的主要贏家可能是出口商和石油公司,而輸家可能是房地產、航空公司和硬件公司。 該行稱,下調恆指至今年底目標至24,300點(此前目標為28,000點),潛在升幅約12%,相當於預測平均市盈率12.5倍,估計內地電力需求按年升5%及M2按年升9%。該行予國指至今年底目標8,250點,潛在升幅約10%,相當於預測平均市盈率10.2倍;予滬深300指數至今年底目標4,650點。(wl/s) ~
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