郭家耀：港股估值仍吸引 有望挑戰26,000阻力 紫金(02899.HK)盈喜前景續樂觀
阿思達克 07-25 09:03
港灣家族辦公室業務發展總監郭家耀稱，美股週四(24日)個別發展，美國企業業績表現參差，道指低開後跌幅一度擴大，科技股表現向好，標普500指數及納指再創歷史新高，三大指數收市升跌不一。美元走勢向上，美國十年期債息回升至4.4釐水平，金價表現受壓，油價反覆向好。港股預託證券個別發展，預料大市早段溫和高開。
內地股市昨日上升，滬綜指低開高走，收市上升0.7%，滬深兩市成交額繼續活躍。
港股表現持續強勢，指數企穩25,000點水平，大市成交繼續活躍。市場氣氛繼續旺盛，資金看好中資股前景，加上估值仍然吸引，有利後市繼續破頂，指數有望挑戰26,000點阻力，下方支持在25,000點水平。
另紫金礦業(02899.HK)日前發盈喜，預計上半年淨利潤約232億元人民幣，按年增加約54%，創公司上市以來最佳上半年業績。預計扣除非經常性損益的淨利潤約215億元人民幣，按年增加約40%。其中，第二季預計淨利潤約130億元人民幣，按季增加約27%。盈利上升原因，包括期內礦產銅和礦產金產量分別增長10%和17%，當量碳酸鋰產量上升29.61倍；此外，礦產金、礦產銅、礦產鋅、礦產銀銷售價格上升。
具體來看，上半年公司礦產銅、礦產金、礦產鋅、礦產銀、當量碳酸鋰產量分別爲57萬噸、41噸、20萬噸、223噸、7,315噸，按年變化幅度分別爲10%、17%、負29%、6%、2,961%。結合年初公司公佈的產量計劃來看，公司預計2025年主要礦產品產量分別爲：礦產銅115萬噸、礦產金85噸、礦產鋅44萬噸、礦產銀450噸、當量碳酸鋰4萬噸、礦產鉬1萬噸。截至上半年，除了碳酸鋰產量完成進度約18%、礦產鉬沒公告產量外，其餘主要礦產品產量完成進度均在50%左右。近年紫金礦業業績維持高速增長，頻繁收購提供主要助力。
2025年上半年，紫金礦業通過全資子公司紫金國際控股以137.29億元的對價收購了藏格礦業24.82%股份，取得控制權。公司亦以12億美元對價收購哈薩克Raygorodok金礦項目100%權益。公司董事長陳景河曾表示，併購是公司的既定策略。即使在銅、金等金屬價格高位背景下，仍有相對性價比較高的項目。紫金業績表現強勁，未來產量持續增長，加上分拆國際業務有助釋放價值，前景繼續樂觀。
(筆者爲證監會持牌人，本人及相關人士沒持有上述股份)~
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