Friday, July 13, 2007

大笨象何時跳起

今日是7月13日,即「黑色星期五」也。禤中怡不迷信,只覺是外國人一種小傳統,提醒要多加小心,像港股前日受美國次級按揭債券評級被調低所影響而回落,像被針「拮一拮」一樣,告訴你大市會有波動,並非絕對好景,暗湧隨時出現,殺你一個措手不及,故要時刻注意經濟趨勢。


藍籌股中期業績報告期將展開,最快派成績表的,將是大笨象滙豐控股(005)和它的小象恒生銀行(011)也,料於本月30日公布。翻看股價,滙控表現可以用「失望」來形容,以昨日收市價143.7元看,單日的確升0.35%,但若以今年初至今的股價作比較,該股累積升幅僅0.77%!比恒指14.25%的累積升幅,可見跑輸幾條街,奈何就是美國次級按揭問題拖累營運表現,以及存在不明朗因素,令股價落後一大截。由於目前藍籌股已暴升的也七七八八,究竟大笨象會否再起動,抑或待公布中期業績時,葛霖主席為大家帶來「驚」喜呢?


不過,勝利依然沖昏頭腦,亞洲各地大市昨日又「癲」過,大家對港股挑戰23,000點又有憧憬。但需注意的是,昨日恒指基本上超過一半的升幅全靠中國移動(941)獨力支撐,皆因摩根大通吹笛,將該股目標價調高,由原來的83元上調至97元,足足增加16.8%,並維持其「增持」評級,難怪該股股價曾破90元,到底何時加入紅底股行列呢?摩根大通亦非單方面作判斷,原來分析員曾經與中國移動管理層會面,並且參觀了北京的電訊業發展後,對內地流動電訊業前景更樂觀。其他中資電訊股也帶挈受惠,同樣擁有流動電話業務的中國聯通(762)股價便升2.6%,中國網通(906)和中國電信(728)股價亦齊升逾1%。至於是否應上車死跟就自行決定。


有趣的是,倘若中國移動股價升至摩通所定的目標價水平,兼且滙控加入起動,有冇朋友可以解答,屆時恒生指數將會處於甚麼水平呢?


工業股四面受敵
所謂牽一髮動全身,摩托羅拉(Motorola)發出盈利警告,講明第二季虧損外,今年難望有盈利,因來自歐亞地區的銷售疲弱所致。該股股價從去年10月見26美元後,就輾轉向下,與高位比較已累跌31.6%,完全與美股向上表現格格不入。


同摩記有生意往來的晶門科技(2878)更率先發盈利警告,這間專做應用於手機集成電路(IC)解決方案的公司,股價跟隨表演高台跳水,最多跌16%,收市依然挫13.4%至0.97元,成交額達1億元,再一次證明「Low Tech撈嘢,High Tech揩嘢」,不能不服前輩名言。


所謂同人不同命,同遮不同柄,做家居產品的元昇國際(925)亦話失去一名大客戶,營業額大跌,兼且海外附屬虧損中期業績肯定見紅,豈知捧場客好像不捨不棄,收市仍升1%至0.48元。


其實,工業股的吸引力,在過去一段時間已被金融股和內需股所搶走,畢竟增長有數計,而且面對的問題不少,像內地調高最低工資,成本已經要加,而且人民幣升值,令一向以美元報價做生意的手法受到影響,雖然原材料或同以美元計算,但內地廠房的運作以「人仔」支付,分分鐘毛利便被人民幣升值影響,因為收到的美元轉換為人民幣後又縮水一截,試問辛勞工作的結果,就是被匯價蠶食,利潤增長自然有壓力。


(7月13日刊於《am730》)

8 Comments:

At 9:31 AM, Blogger oakleyses said...

longchamp handbags, michael kors outlet, prada outlet, burberry outlet, prada handbags, oakley sunglasses cheap, jordan shoes, tory burch outlet, nike shoes, michael kors outlet, gucci outlet, louboutin outlet, longchamp outlet, kate spade handbags, air max, nike free, coach outlet store online, ray ban sunglasses, louboutin, kate spade outlet, michael kors outlet, true religion jeans, tiffany and co, coach purses, louis vuitton, tiffany and co, oakley sunglasses, louboutin, ray ban sunglasses, louis vuitton outlet stores, burberry outlet, michael kors outlet, louis vuitton outlet, michael kors outlet, coach outlet, louis vuitton handbags, longchamp handbags, polo ralph lauren outlet, chanel handbags, michael kors outlet, christian louboutin shoes, oakley sunglasses, true religion jeans, louis vuitton outlet, coach factory outlet, air max, polo ralph lauren outlet

 
At 9:46 AM, Blogger oakleyses said...

nike air max, sac louis vuitton, true religion outlet, abercrombie and fitch, sac louis vuitton, hollister, north face, nike free pas cher, sac longchamp, ray ban pas cher, air max, ray ban sunglasses, vanessa bruno, louis vuitton uk, mulberry, lululemon, sac guess, converse pas cher, michael kors, true religion outlet, michael kors, oakley pas cher, nike roshe run, polo lacoste, ralph lauren, sac burberry, nike free, michael kors pas cher, nike roshe, air max pas cher, louis vuitton, louboutin, nike tn, hogan outlet, air force, nike trainers, air jordan, longchamp, air max, polo ralph lauren, barbour, north face, hollister, timberland, nike blazer, sac hermes, vans pas cher, new balance pas cher

 
At 9:47 AM, Blogger oakleyses said...

ugg australia, canada goose jackets, soccer shoes, ferragamo shoes, celine handbags, canada goose outlet, uggs outlet, mcm handbags, lululemon outlet, p90x, wedding dresses, canada goose, marc jacobs, asics running shoes, birkin bag, instyler, soccer jerseys, giuseppe zanotti, jimmy choo outlet, rolex watches, new balance shoes, ghd, chi flat iron, nike roshe run, north face jackets, mont blanc, mac cosmetics, babyliss pro, reebok outlet, ugg boots, ugg boots, insanity workout, hollister, vans shoes, beats by dre, ugg, bottega veneta, north face outlet, valentino shoes, ugg pas cher, nfl jerseys, herve leger, canada goose, canada goose, longchamp, canada goose uk, nike huarache, abercrombie and fitch

 
At 10:03 AM, Blogger oakleyses said...

louboutin, moncler, montre homme, hollister clothing store, lancel, moncler, moncler, karen millen, vans, louis vuitton, parajumpers, moncler, juicy couture outlet, links of london, converse, air max, swarovski, supra shoes, thomas sabo, ray ban, pandora jewelry, converse shoes, oakley, canada goose, toms shoes, gucci, juicy couture outlet, pandora charms, pandora charms, swarovski crystal, moncler, rolex watches, coach outlet store online, wedding dresses, iphone 6 cases, moncler outlet, canada goose, moncler, air max, ralph lauren, baseball bats, ugg, timberland boots, hollister, hollister, ugg

 
At 1:54 PM, Blogger ninest123 Ninest said...

ninest123 10.19
prada handbags, oakley sunglasses wholesale, oakley sunglasses, cheap oakley sunglasses, christian louboutin outlet, uggs outlet, uggs outlet, michael kors outlet, christian louboutin uk, michael kors outlet online, michael kors outlet online, ray ban sunglasses, ugg boots, replica watches, polo outlet, uggs on sale, nike free, tory burch outlet, louis vuitton, christian louboutin, burberry outlet, gucci handbags, michael kors outlet, christian louboutin shoes, burberry handbags, replica watches, tiffany and co, louis vuitton outlet, jordan shoes, longchamp outlet, louis vuitton, michael kors outlet store, michael kors outlet online, oakley sunglasses, chanel handbags, tiffany jewelry, kate spade outlet, louis vuitton outlet, ugg boots, nike air max, nike air max, longchamp outlet, longchamp outlet, prada outlet, ray ban sunglasses, nike outlet, polo ralph lauren outlet online, ray ban sunglasses

 
At 1:57 PM, Blogger ninest123 Ninest said...

timberland pas cher, north face, sac vanessa bruno, nike roshe run uk, hollister pas cher, coach outlet, ray ban pas cher, jordan pas cher, longchamp pas cher, michael kors, nike roshe, vans pas cher, lululemon canada, polo lacoste, nike air force, nike air max, nike blazer pas cher, true religion jeans, true religion outlet, nike free run, ralph lauren uk, nike free uk, mulberry uk, coach outlet, new balance, ray ban uk, nike tn, true religion outlet, guess pas cher, michael kors outlet, abercrombie and fitch uk, sac hermes, true religion outlet, oakley pas cher, nike air max uk, coach purses, air max, burberry pas cher, michael kors pas cher, louboutin pas cher, michael kors, north face uk, converse pas cher, nike air max uk, kate spade, polo ralph lauren, sac longchamp pas cher, hollister uk, hogan outlet, coach outlet store online

 
At 2:00 PM, Blogger ninest123 Ninest said...

ray ban, ralph lauren, hollister clothing, lululemon, mac cosmetics, mcm handbags, babyliss, longchamp uk, reebok outlet, converse, celine handbags, beats by dre, herve leger, timberland boots, nike trainers uk, vans, louboutin, baseball bats, insanity workout, north face outlet, iphone 6 cases, gucci, nfl jerseys, hollister, vans outlet, soccer jerseys, nike roshe run, north face outlet, instyler, abercrombie and fitch, converse outlet, mont blanc pens, chi flat iron, p90x workout, ghd hair, giuseppe zanotti outlet, oakley, jimmy choo outlet, ferragamo shoes, nike air max, nike huaraches, new balance shoes, hermes belt, wedding dresses, hollister, asics running shoes, bottega veneta, soccer shoes, nike air max, valentino shoes, oakley sunglasses, louis vuitton outlet

 
At 2:03 PM, Blogger ninest123 Ninest said...

doudoune moncler, canada goose, pandora uk, pandora charms, wedding dresses, doke gabbana, karen millen uk, michael kors handbags, lancel, michael kors outlet, moncler, louis vuitton, canada goose outlet, louis vuitton, louis vuitton, louis vuitton, moncler outlet, canada goose jackets, moncler, moncler outlet, links of london, hollister, canada goose uk, ugg uk, toms shoes, replica watches, barbour, pandora jewelry, juicy couture outlet, ugg,uggs,uggs canada, canada goose, moncler, ugg,ugg australia,ugg italia, louis vuitton, coach outlet, michael kors outlet online, juicy couture outlet, canada goose outlet, ugg pas cher, swarovski crystal, canada goose, thomas sabo, supra shoes, swarovski, barbour uk, moncler, moncler uk, canada goose outlet, ugg, pandora jewelry, marc jacobs, montre pas cher
ninest123 10.19

 

Post a Comment

<< Home