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華盛證券:山東黃金(1787.HK)上行沽壓相對較低 目標價25港元
格隆匯 10-04 10:00

華盛證券報告稱,山東黃金(1787.HK)主要於中國從事黃金採礦及加工,以及銷售黃金產品。隨著中美雙方確定貿易會談在十月份重開,市場對兩國能達成貿易共識亦漸趨樂觀。一向被視為避險工具之黃金的價格亦明顯從高位回落並失守1500美元水平,與黃金價格關係性甚高之金礦類股份亦出現明顯回調。

由於中美問題屬結構性之矛盾,能夠在短期內完滿解決之可能性非常低。特別是美國總統特朗普經常有出人意表之舉動,市場氣氛亦有可能隨時逆轉。另一方面,美國聯儲局及歐洲央行皆暗示重啟量寬的可能性,而各國央行亦相繼減息去防範經濟下行之風險。在貨幣不斷貶值的前提下,黃金進入另一個大型上升週期的機會性甚高。在本地上市股份中,招金礦業(1818.HK)及山東黃金可視為優先考慮之選,而後者的上市時間較短,上行沽壓亦相對較低。

投資者可考慮山東黃金於18.2港元或之下買入,以25港元為長線目標,向下則以15港元為止蝕位置

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