高盛降港股評級至「減持」 料明年滬深300指數可升16%
高盛發表2024年中資股展望報告,維持A股「增持」評級,離岸中資股評級降至「與大市同步」,而港股則降至「減持」,預計中資股明年每股盈利增長約10%,認為MSCI中國及滬深300指數將可分別升12%及16%,至4,200及66點,雖然美資及主動型基金減持中資股,但新興市場及中東資金等將可以補上。
高盛解釋,雖然下一季度較為看好離岸中資股可跑贏A股,因前者估值更吸引,不過A股受地緣政治因素及資金流動性影響較低,因此整體而言較為看好A股。
高盛稱,中國今年經濟增長約5.3%,明年將放緩至4.8%,相信在房地產市場及地緣政治壓力下,內地高消費品將會持續受壓,而消費服務行業將可穩步改善,因此給予餐飲及零售板塊「增持」評級。不過下調銀行股評級至「減持」,因受累於內地房地產市場,淨息差及不良貸款的壓力有可能令市場進一步下調其預測。
高盛又提到,雖然科網行業明年的盈利增長料將由今年的35%回落至13%,但認為針對大眾市場及滲透率偏低的消費行業,基本面前景仍然良好。同時科技硬件行業有望受惠於全球需求回升,因此給予科技硬件板塊「增持」評級。
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.