《大行報告》瑞銀下調恆指今年目標至21,700 偏好友邦(01299.HK)及長江基建(01038.HK)等八隻股份
瑞銀髮表研報指,由於利率上升及市場對中國經濟增長的擔憂,MSCI香港指數上半年表現落後於全球市場,該行對其下半年看法維持審慎,預計香港本地經濟增長將持續,但外部環境仍存在不確定性。
該行預測利率將在較長時間內保持較高水平,並將2023年中國實際GDP增長預期下調至5.2%,在此背景下,下半年在香港市場將採取防守性策略,繼續看重股息收益率及受惠於社會重新開放的利好因素。
瑞銀認爲,由於下半年利率可能保持高位,企業獲重新估值空間有限,業績將主要由盈利驅動,將全年MSCI香港指數預測從12,550點降至11,300點,該行降對恆生指數目標從23,600點下調至21,700點,相當未來12個月預測市盈率9.9倍,料恆指於2022年至2024年每股盈利複合增長率9%。
瑞銀稱繼續青睞股息回報高的股份,首選名單中加入金沙中國(01928.HK)及銀娛(00027.HK),以增加對澳門穩健基本面的敞口,並剔除港交所(00388.HK),預期股市交投可能保持低迷。
瑞銀現時在港股市場較偏好的股份包括友邦(01299.HK)、新秀麗(01910.HK)、金沙中國、銀娛、新鴻基(00016.HK)、長江基建(01038.HK)、香港電訊(06823.HK)及長和(00001.HK),均予「買入」評級,目標價詳見另表。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.