《即日市評》騰訊撐起大市 MSCI季檢執位大市成交千三億
市場觀望美國今晚公布個人消費開支(PCE)物價指數,港股今日反覆回升。美國10年期債息跌穿4.3厘,美股道指及納指隔晚各微升0.04%及跌0.16%,執筆之時,美國10年期債券處4.278厘,美匯指數升至103.16,道指期貨最新升118點或0.33%,納指期貨最新升0.14%。中國11月製造業PMI降至49.4(低於市場預期49.8%),11月官方非製造業PMI降至50.2(低於市場預期50.9%)。上證綜指全日升7點或0.26%收3,029點,深證成指跌0.18%,而滬深兩市成交額共7,735億人民幣。
恆指低開8點,初段曾跌130點見16,863點為今年新低,其後一度倒升74點高見17,068點。全日升49點或0.3%,收17,042點;國指升38點或0.7%,收5,857點;恆生科技指數跌10點或0.3%,收3,899點。大市全日成交總額增至1,391.19億元,MSCI指數季檢今日收市後生效,滬、深港通南下交易淨流入21.34億及12.39億元人民幣。
恆指本月累跌69點或0.4%、國指本月累跌4點或0.07%及恆生科指本月累升140點或3.7%。市場憧憬聯儲局加息周期或已完結,但內地公布10月及11月製造業PMI陷收縮,宏觀經濟仍面臨挑戰,投資者憧憬內地向城中村改造及保障性住房注一萬億人民幣資金、內銀對部份內房融資「白名單」等消息。
【恆指呈回升 騰訊撐大市】
科網股普遍靠穩,阿里巴巴(09988.HK)全日微升0.07%收72.75元,美團(03690.HK)升0.2%,快手(01024.HK)揚1.3%,而騰訊(00700.HK)支撐大市,全日股價漲3.2%收327元。匯豐研究發表報告指出,與騰訊高級執行副總裁兼首席戰略官James Mitchell及IR團隊會談,騰訊認為明年盈利能持續超過收入增長。對於收入和盈利之間的增長差距會否擴大或縮小,競爭比起宏觀因素將發揮更大的影響作用。
該行提及,騰訊預計金融科技和企業服務(FBS)以及廣告領域的毛利率將會上升。至於增值服務(VAS)毛利率前景取決於遊戲的推出,其中《DnFM》,以及國際PC遊戲如《流放之路(Path of Exile 2)》和《夜鶯》等的潛在成功至關重要,有望為毛利率提供上行空間。該行維持騰訊「買入」評級,目標價445元,看好集團在高利潤細分市場的有利收入組合、持續的成本控制和估值不高。
【市寬呈改善 B站績後挫】
港股主板今日市寬改善,主板股票的升跌比率為22比18(上日11為比32),恆指成份股今日58隻股份上升,19隻股份下跌,升跌比率為73比24(上日為10比89);大市今日錄沽空249.17億元,佔可沽空股份成交額1,239.96億元的20.095%(上日17.136%)。
嗶哩嗶哩(09626.HK)全日股價下挫近11%報89.9元。摩根士丹利發表報告指,嗶哩嗶哩第三季遊戲及廣告收入略遜預期,第四季業績指引亦疲軟,認為明年收入有下行風險。
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