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《大行報告》匯豐研究:與內地全面通關料指日可待 兩大方向精選受惠港股
匯豐研究發表報告指,本港早於預期放寬入境限制至實際上「0+0」,與內地免檢疫通關成下一焦點,將引領營商進一步復常。該行料與內地通關呈漸進及分階段,先由商務客開始,隨後是休閒旅客。該行認爲,在商業復常及樂觀情緒升溫下,此舉足以驅動「本地姜」港股獲估值重評。該行經濟師預計商業活動在明年下半年反彈,料全年經濟增長爲3.5%。 報告料本港與內地全面通關指日可待。由於港人疫苗接種率高,料過程將相對順利;而內地疫苗接種率較低,內地重新開放初段或較顛簸。報告認爲,內地防疫「新十條」爲本港與內地全面通關奠定基礎。 該行稱,富時香港指數(追蹤香港本地股)較疫情前低14%,落後於亞洲大部分市場。該行料富時香港指數在未來數個月將「追落後」,維持2023年底目標1,020點,意味較現水平有13%潛在升幅。 匯豐研究以受惠營商復常及價值復甦爲主題,篩選出兩類潛在受惠,而獲該行覆蓋予「買入」評級的港股。一是市場對其明年盈測仍未達疫情前水平(表一);二是以預測明年市盈率計,估值較五年平均值低出最少一個標準差(表二): 表一:市場對其明年盈測仍未達疫情前股份 股份?投資評級?目標價(元) 大新銀行集團(02356.HK)?買入?9.5元 中銀航空租賃(02588.HK)?買入?74元 長江基建(01038.HK)?買入?54元 表二:預測明年市盈率計估值較五年均值低一個標準差股份 股份?投資評級?目標價(元) 中銀香港(02388.HK)?買入?34元 大新金融(00440.HK)?買入?33元 歐舒丹(00973.HK)?買入?35元 中國旺旺(00151.HK)?買入?7.8元 萬洲國際(00288.HK)?買入?5.9元 港鐵(00066.HK)?買入?43.6元 海豐國際(01308.HK)?買入?24元 嘉裏物流(00636.HK)?買入?20元 聯想集團(00992.HK)?買入?9元 領展(00823.HK)?買入?63.9元 ESR(01821.HK)?買入?33元 恆隆地產(00101.HK)?買入?16.4元 長江基建(01038.HK)?買入?54元
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