You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
植耀輝:股神地位無可取替 油股續看淡
耀才證券研究部總監植耀輝稱,巴郡(BRK.A.US)創辦人、「股神」巴菲特於股東大會上宣佈將於今年年底退休的消息成爲不少投資者茶餘飯後之話題。其奉行之價值投資啓發了不少投資者。對其決定筆者相當支持,皆因以其94歲高齡,早應該放下此重擔去享受人生。另外他亦同時宣佈交棒予其得力助手,現年62歲之Gregory Abel。 能夠得到股神首肯,Abel實力應該不容置疑。不過其接捧壓力之大亦可以預計得到。其一是能否延續長升長有之神話。有媒體計算自股神1965年執掌巴郡至2024年底之表現,累計回報達到驚人之5,502,284%,亦即年複合增長率達到19.9%;相對之下,標普500指數累計升幅爲39,054%,年複合增長率爲10.4%。如何繼續擔當「長勝將軍」自然備受關注。此外,截至第一季度巴郡持有現金儲備達到3,477億美元。意味上任後Abel將有鉅額資金去證明自己之投資眼光;只是現時市場似乎亦沒有太多平貨「可執」。股神近年便一直表示沒有太多價格合理之東西值得「出手」。當然現時距離Abel接任仍有一段時間,但要得到投資者認可亦非易事。難怪巴郡股價在股神宣佈退休後首個交易日便曾跌近5%,不過年初至今仍升14.3%,明顯跑贏美股三大指數。 至於港股方面,受到中美將於今日(9日)於瑞士開啓貿易談判之情況下,恆指一度逼近23,200點水平,不過高位明顯缺乏承接,反映在有突破性發展之前,恆指在現水平亦暫難有太大憧憬。另外下週開始包括騰訊(00700.HK)及阿里-W(09988.HK)在內之大型科企將陸續公佈季績,對後市去向亦有一定指導性。 最後分享對油股之最新看法,皆因身邊不少朋友皆問筆者會否考慮撈中海油(00883.HK)。其實在中海油公佈新三年派息計劃後已表明無意吸納,加上對油價前景看法依然悲觀。事實上,在全球經濟不確定性有增無減之情況下,OPEC+仍堅持增產計劃本身對油價已相當利淡,若再加上特朗普政府寄望低油價以壓抑通脹之手段,油價未來恐易跌難升。故即使今年油股股價大落後,惟仍不建議低吸,有貨的話反而應趁每次反彈減磅方爲上策! (筆者並未持有相關股份)~
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.
uSMART
Wealth Growth Made Easy
Open Account