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大行評級|星展:重申恒指未來12個月目標預測20300點 列出首選股名單

星展發表港股下半年展望報吿,投資者熱烈討論內房市場對中國股市的影響,該行承認房地產市場對中國GDP和金融體系穩定的重大影響,但該行亦認為隨着中國國家結構性再平衡,房地產行業對中國經濟的影響正在減弱。該行認為,由於潛在的降息和持續的南向資金流入,相關因素將對港股2024年下半年有利。該行重申對港股後市樂觀的看法,予恒指未來12個月(至2025年6月)基本情境目標預測20300點,料每股盈利增長6.4%,預測2024年市盈率9.7倍,料中國經濟正在回穩及結構性再平衡,當局有望出台更多支持政策及流動性環境改善。

星展指下半年投資主題,第一是積極尋找機會收集科網和科技硬體等產業的優質股票,特別是那些能夠獲得市場份額並提高股東價值的股票,第二是繼續持有高收益的國企股。該行列出其港股首選股名單,新納入中國平安取代貝殼,其首選股包括瑞聲、安踏、中移動、中石化、華潤啤酒、中國平安、新秀麗、騰訊、攜程及小米。

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