You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
中金:對中資金融股下半年持“中性”看法
格隆匯 06-15 15:28

中金髮表報告指,對下半年金融行業總體觀點“中性”,子板塊推薦順序為券商、保險及銀行,投資者需重點關注個股行情。具體而言,和資本市場相關的券商和交易所則將明確受益於市場集資規模增加和交投活躍,建議投資者重點關注;保險業新單銷售弱復甦,估值邊際受益於長端利率預期扭轉和權益類資產的表現,預計板塊有望出現估值修復,至於銀行業將持續面臨息差小幅收窄和不良壓力增加的挑戰,全年利潤增速中樞將下移至約3%,預計行業整體表現有限,需要重點佈局個股。

中金預計,證券行業今年營收和利潤增速為7%和15%。在經濟轉型、資本市場改革穩步推進的背景下,新股融資節奏明顯加快,各項改革和試點工作也穩步推進。該行判斷,當前券商板塊正處於交投情緒向好的短期beta與市場改革深化的中期alpha共振的投資區間,且估值水平處於歷史低位。該行建議關注板塊估值修復行情,以及頭部券商長期估值溢價的提升,例如華泰證券(6886.HK)。

此外,該行又提到,港交所(0388.HK)顯著受益於ADR的加速回港上市,維持重點推薦,重申對其跑贏行業評級及目標價317港元。隨着未來中概股及同股不同權公司進一步納入互聯互通,預計南下交易額仍有望進一步提升。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account