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《大行報告》匯豐研究:留意四大主題 由下而上選股薦阿里(BABA.US)、京東(JD.US)、美團(03690.HK)及百勝中國(09987.HK)等
匯豐研究發表報告指,今年需要關注的關鍵指標是盈利增長,因為在為期兩個月的估值所驅動的反彈之後,應該會由盈利增長推動股價。在恆生指數的37個關鍵行業中,約46%的行業有望在今年實現盈利增長的轉折點,27%的行業如互聯網和飲料,預計將在今年實現更好的盈利增長。 匯豐研究對恆生指數今年目標是22,810點,料恆生中國企業指數年底見7,830點。雖然今年開局理想,但不會低估風險,例如若果出現暫停重新開放和地緣政治緊張局勢持續存在,將會拖累經濟增長放緩。 報告指出今年四個主題,包括投下「信心票」,住房市場復甦應能重振家庭消費和房地產相關的供應鏈;數字轉型,關注數字轉型、新興產業的增長和戰勝全球競爭;利率預期見頂,預示著公用事業和房地產等對利率敏感行業走勢或好轉;以及報復性出境旅遊。 該行由下而上選股推薦阿里(BABA.US)、京東(JD.US)、美團-W(03690.HK)及百勝中國(09987.HK)、中國平安(02318.HK)、國航(00753.HK)、舜宇光學(02382.HK)、潤地(01109.HK)、領展(00823.HK)、潤電(00836.HK)。
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