《大行報告》大和升港IT股評級至「中性」 市場情緒和人民幣匯價推遲股市反彈
大和發表中國資本市場報告指,雖然中國公佈今年三季度的GDP數據強於預期,但中國股市在昨日顯着下跌,認爲投資者的風險反應已過度。該行認爲,市場料內地可能會繼續實施嚴格的清零新冠疫情政策、以及意識形態對未來經濟政策的影響亦是投資者的主要關注點,指此解釋了中資消費、房地產和互聯網行業昨日遭普遍拋售。
該行指中共二十大黨代表大會是關注中國未來五年或更長時間的社會發展,並沒有明確指出短期政策方向。該行建議投資者不要因政治事件對短期市場表現的影響反應過度。大和表示,雖然短期內市場情緒可能會維持在低谷,但認爲內地於2022年年中以來的中期經濟復甦趨勢仍在推進中,並認爲未來或會出臺具體刺激措施。
大和表示,疲軟的市場情緒和人民幣匯價走勢,令股市明確反彈的時機延至不早於今年第四季,但內地經濟仍在持續復甦之中。
該行指,基於中共二十大報告中強調國家安全和高科技自力更生的背景下,該行將A股市場信息技術(IT)股票的評級從「中性」上調至「增持」,在香港市場的評級亦從「減持」上調至「中性」。由於避險情緒和持續的外資流出,估值相對較高,該行將A股下的必需消費品和港股旗下通訊服務板塊的評級,從「增持」下調至「中性」。
該行亦列出最新港股首選股,包括騰訊(00700.HK)、美團(03690.HK)、大唐新能源(01798.HK)及金沙中國(01928.HK),但剔出了阿裏巴巴(09988.HK)。(wl/u) ~
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