植耀輝:港股爭持格局待變 滔搏(06110.HK)發展具憧憬
耀才證券研究部總監植耀輝稱,港股10月表現依然未見起色,恆指及科指均連跌三個月,昨日(2日)雖見反彈,但成交依然低迷;另外萬七點支持力強,惟走勢上並未見明顯改善,其中一個關鍵為A股表現平平,加上近期公布之經濟數據及企業季績大部分均令市場失望,所以要扭轉此局面,還看月中開始重磅科技股公布之季績能否帶來驚喜,相信恆指將續於17,000至17,500點窄幅上落。
股份方面,談談滔搏(06110.HK)。該公司上月公布截止至8月31日上半年業績,表現相當「對板」,期內收入上升7.3%至141.76億元(人民幣,下同),主力品牌如Nike(NKE.US)及Adidas收入按年增長7%,非主力品牌亦升10.5%;毛利率按年微跌0.9個百分點至44.7%,主要是疫情期間品牌夥伴之特殊支持逐步遞減有關。核心經營利潤及利潤率(不含政府補助)按年上升22.9%及1.5個百分點,至16.8億元及11.8%。
不過重點是下半年度經營狀況。其主要客戶Adidas較早前上調其今年業績展望,另一主要客戶Nike中國市場7及8月份表現優於預期,相信滔搏下半年業務發展將更佳;另值得一提的是,該公司期內經營活動現金淨額按年上升57.8%,集團亦同時宣布派發中期息16分,派息比率74.2%較去年同期%為高,有大行預期全年派息比率或會達到100%。其股價近日表現亦相當硬淨,建議可考慮於6.2元以下買入並作中線持有,目標7.2元,以5.8元作止蝕。
(筆者為證監會持牌人,並未持有相關股份)
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美股造好 恆指區間待突破
耀才研究部稱,隔晚(2日)美股急升,三大指數升幅均逾1.7%。投資者憧憬美國加息已近尾聲,債息回落亦利好投資氣氛,最終道指升564點或1.7%,標普500指數及納指更升1.9%及1.8%。至於反映中概股表現之金龍指數亦回升超過2%。
港股昨日出現反彈,惟力度亦有所不足,雖然全日計恆指上升128點或0.75%,科指亦升1.6%,惟交投未見配合,全日成交只得711億元,反映投資者對後市仍抱相當大戒心。成份股中以領展(00823.HK)表現最佳,升幅近7%,近日強勢之小米-W(01810.HK)再升超過6%並創今年新高。不過內地餐飲股跌勢未止,海底撈(06862.HK)跌1.25%,百勝中國(09987.HK)再跌近2%。至於A股則表現較遜色,上綜指及深成指分別下跌0.45%及0.94%,成交縮減至不足7,800億元人民幣。由於美國今晚(3日)將公布就業數據,預期今日市況仍將維持拉鋸格局不變,於17,000點至17,500點之間上落。
技術走勢方面,恆指昨日雖然高開並重上10天線(17,183點),惟始終未能再作突破,20天線(17,440點)亦再度得而復失。一日未能成功企穩20天線,後市仍將於17,000至17,500點區間爭持。
(筆者為證監會持牌人)~
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