東亞:防守性價值型股份料受惠於美國經濟有序調整
東亞銀行財富管理處投資策略團隊指出,年初至今中國內地及香港的股市未擺脫頹勢,亞洲除日本及印度以外市場亦拾級而下,德國、法國、英國股市全數錄得負值,只有美股延續去年強勢。
截至上周五(9日),MSCI世界股指及納指100分別上升約3%及6%,同期「美股七雄」升約10%,標普500半導體行業指數更升近20%,當中整體升幅超過60%集中在3至4隻股份,反映全球資金在「別無他選」心態下蜂湧至數隻股份之中。
該行預期,美國減息憧憬及總統大選下,美股年內整體表現預期強悍,但數據反映科技股正高處不勝寒。參考盈利預測標普11類行業中只有3類在未來數季盈利將持續上升,分別為基本消費、醫療護理及金融業,相信未來如果美國經濟有序調整,防守性的價值型股份將會受惠,亦將為上述3類行業指數未來走勢帶來支持。(gc/u) ~
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