植耀辉:成交未配合港股难突破物管股升幅大不宜高追
耀才证券研究部总监植耀辉称,港股昨日(11日)延续反弹,受联储局主席鲍威尔减息预期升温支持,港股一度上升超过378点,不过午後A股表现转差,升幅亦收窄至227点,成交量则略为回升至674亿元水平。某程度上,有关减息之预期已逐渐被消化,投资者关注点亦将重回中美贸易谈判进展身上。另一方面,A股近日走势疲弱,亦对港股带来不利影响,因此除非有进一步重大利好或利淡消息,否则大市难见突破。相信现阶段仍只会於持续於28,000至29,000点水平上落。
亦可再谈谈物管股行情。物管板块近期升势凌厉,原因有三。第一是「轻资产」概念,同时具有稳定现金流,以及大部分财政状况健康;其次是个别公司发盈喜,预期盈利有可观增长;最後是其业务特性相对稳定,於市况及经济未明朗之下有较佳防守性。事实上,笔者早前亦增推介中海物业(02669.HK),主要看好未来母公司加快卖楼步伐对发展有利,股价亦已升抵笔者早前定下之4.5元目标价。只是一来累积升幅不少,二来股价如此抽升,不排除个别股份会有「抽水」动作,因此不建议现水平高追。
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