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凱基上調全年恆指目標至25,500點 偏好工業、互聯網、原材料、電信、醫療保健及公用股
凱基發表2025年下半年環球市場展望,憧憬下半年港股市場會反映更多利好因素,凱基將今年全年恆指目標上調至25,500點,對應預測市盈率約11倍,即下半年潛在上行空間為6.3%,而該行去年底提出的今年恆指目標為23,200點。 凱基首席投資總監梁啟棠指,海外資金持續配置中國資產與風險偏好回升,年初以來港股走勢強勁,預期下半年中國經濟將受到政策推動、內需回升與製造業轉型而持續修復,潛在不確定性則包括中美摩擦、地緣政治與國際需求波動。 他提醒,中國經濟下行風險仍然存在,市場資金雖充裕,但信心缺乏,相信當局將致力於提振消費信心、維持銀行體系流動性、支持高增值產業發展,並增加拓展美國以外聯盟,從而降低貿易磨擦所帶來的影響。 凱基偏好工業、互聯網、原材料、電信、醫療保健及公用事業共六大板塊,推薦小米(01810.HK)、騰訊(00700.HK)、阿里巴巴(09988.HK)(BABA.US)、攜程(09961.HK)(TCOM.US)、寧德時代(03750.HK)、SPDR黃金ETF(02840.HK)、中國聯通(00762.HK)、康方生物(09926.HK)、友邦保險(01299.HK)、富途控股(FUTU.US)、泡泡瑪特(09992.HK)、華潤電力(00836.HK)及領展(00823.HK)。
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