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.
晨星料內地樓市至2026年始見復甦 上半年續受債務問題困擾
投資研究機構晨星(Morningstar)亞洲股票研究總監陳麗子指,全球經濟增長均放緩,因此對企業今年盈利增長減慢亦不會感到意外,預期在亞洲市場中房託基金、公用事業,以及部分工業與科技企業可受惠於周期性調整,當中能源、工業和科技去年表現向好,整體公允價值預測上行空間相對較小。 提及內地房地產市場,她相信消費者信心預期要等到庫存消化及樓價企穩才會恢復,由於預期內房發展商持續會有債務陸續於今年上半年到期,認為負債問題及潛在違約風險將繼續是投資者關注重點。晨星對中國房地產行業長期看法維持不變,即是更看好業務質量更好、擁有良好地段土地資源的國有背景開發商,包括華潤置地(01109.HK)及中國海外(00688.HK),目前預測內地樓市至2026年始見基本復甦,同時過去十年的強勁市場增長將不復再。 她認為,市場仍在關注美國通脹數據,目前美國增長股已受到減息預期影響,而亞洲市場則依然存在投資機會。晨星預期,今年農曆新年中國消費開支可能低迷,行業周期性因素繼續於首季帶來影響,但相對而言消費行業估值具有吸引力,因此可能年內會出現反彈。陳麗子表示,更傾向於選擇地緣政治風險較小的企業,包括部分白酒公司、濠賭股、百勝中國(09987.HK)(YUMC.US)、國泰(00293.HK)及攜程集團-S(09961.HK)(TCOM.US)。
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