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法巴:3月上半月南向資金淨流入近110億美元破紀錄 尋求價值投資
阿思達克 03-18 15:34
法巴亞太區首席股票及衍生產品策略師呂成發表報告指,即使延長了的春節假期後北向資金大舉流入A股,北向投資者淨售出價值120億美元的A股,致本年至今淨買入持平。

該行稱,北向資金鎖定利潤,減倉「白馬」大型A股包括中國平安(601318.SH)、茅台(600519.SH)、格力(000651.SZ)及美的(000333.SZ),上述股份去年平均回報高達74%,同期滬深300回報錄36%。該行相信國際投資者將減持全球非核心持倉,特別是新興市場。

另法巴表示,AH價差持續擴大,中國在岸投資者在全球股市沽壓下仍加快買入H股,找尋被低估價值投資。至3月17日,3月上半月南向投資者淨買入近110億美元股票,已突破2018年1月所創月度紀錄98億美元。

在板塊偏好上,該行指出,南向投資者增持金融及科技股。自去年10月加入准許名單以來,小米(01810.HK)及美團(03690.HK)成為南向資金流入十大股份。值得留意,平安(02318.HK)A及H股大多透過股票通渠道沽售。

本年至今南向資金流入十大股票(表一)

股份|北水權益佔比(%)|增持涉資(美元)|增持幅度(百分點)

建行(00939.HK)|8.9%|45.54億|2.22

騰訊(00700.HK)|2.5%|23.94億|0.53

工行(01398.HK)|25.7%|14.29億|0.55

小米(01810.HK)|7.9%|10.35億|3.05

美團(03690.HK)|4.5%|9.81億|1.47

中行(03988.HK)|9.1%|9.19億|0.66

農行(01288.HK)|23%|7.57億|0.45

藥明生物(02269.HK)|8.4%|4.08億|2.21

匯控(00005.HK)|8%|3.79億|0.32

中芯國際(00981.HK)|23.9%|3.64億|4.07

本年至今南向資金流出十大股票(表二)

股份|北水權益佔比(%)|減持涉資(美元)|減持幅度(百分點)

平安(02318.HK)|1.8%|-2.19億|-0.11

瑞聲(02018.HK)|3.9%|-1.94億|-2.73

阿里健康(00241.HK)|2.4%|-1.74億|-0.81

友邦(01299.HK)|0.7%|-1.22億|-0.11

招行(03968.HK)|5.3%|-1.13億|-0.09

港交所(00388.HK)|2.1%|-8,000萬|-0.21

李寧(02331.HK)|4.9%|-5,500萬|-0.86

蒙牛(02319.HK)|1.6%|-5,000萬|-0.37

國航(00753.HK)|7.8%|-4,900萬|-0.33

東陽光藥(01558.HK)|24.9%|-4,400萬|-2.03

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