Friday, August 03, 2007

懶理跌市內房股照升

對炒即日鮮的散戶來說,相信昨日港股正好提供機會,因為大市像過山車般上落,早上直插到底,下午則見反彈,若果睇中股份,低位撈底,相信略有斬獲。


藍籌股近日被拋售,令恒指跌得人仰馬翻,但其實有些股份根本懶理大市回落,像恒基(012)四叔推介的內地房地產股卻我有我升,由他欽點的碧桂園(2007)升穿10元,收市報10.14元新高,升3.47%,更已連升4日,認真巴閉,而中國海外(688)也升1%至16.14元,相信四叔逆市又賺。雅居樂(3383)和富力地產(2777)亦分別增2.5%及1.83%,反映內地樓價上升,可以愈賣愈貴,而且收錢用人民幣,兌換回港元計入帳的話,試問毛利率怎不輕易提升幾個百分點。雖然政府調控完又調控,不過禤中怡認為資金太多,加上外圍氣氛差,將人民幣兌換為外幣,然後投資海外的QDII吸引力自然被削弱,倒不如買層樓收租更穩妥,排洪功能難有效發揮。


至於二三線股更是另闢戰場,像停牌超過4年的新萬泰(433)昨日終復牌,又展現高開炒低的局面,即高價追入的結果就是蝕讓收場,因為開市即彈上0.5元,較停牌前0.118元升超過3倍,可惜股價逐步向下,只能以0.238元收市,雖上升1倍,惟炒即日鮮的恐怕要損手離場。


另一間叫嘉輝化工(582),股價單日升7.9%至3.41元。以升幅計,根本未入流,但該公司剛公布減持一間經營塗料業務的全資公司股權49%的新聞就可堪玩味,資產將賣給嘉輝管理層控制的公司,作價1.225億元。話雖去年嘉輝化工受競爭和成本上升而令盈利大跌44%至2,896萬元,但原來這間塗料公司去年就賺2,888.3萬元,所佔盈利比重之高可想而知。


更奇的是,整個交易僅賺回713萬元,資產投資回報之低,認真難以置信,恐怕這個特殊利潤並非股價炒上主因。管理層話出售股權後,套現用作找投資機會,但未搵到合適項目,只是拿著筆錢等投資,那麼公司收入豈不是先少了一截?莫非大家憧憬該公司有大項目,偷步入市?


財經新聞值錢
擾攘多時,梅鐸(Rupert Murdoch)終取得道瓊斯公司(Dow Jones & Company)控制權,料該公司股東支持機會大,梅鐸有望再擴大其媒體王國。


其實,財經資訊需求只會有增無減,加上經濟好,投資者亦樂於付錢睇經濟報紙。禤中怡看看Pearson plc的中期業績便知一二。這間公司持有著名報紙《Financial Times》(金融時報),原來今年上半年該報銷量增長1%至45萬份,售價在歐美和英國均有提升,增幅介乎15%至60%。此外,該報紙還拓展網上業務,單是其FT.com客戶便升12%至9.7萬名,帶動整體廣告收益增長5%,反映財經報紙仍有得做,無論賣報紙和收費網站的收益都有增長空間。Pearson旗下財經雜誌《The Economist》的銷量更升9%至120萬本。證明市場好景,賣書都容易過人。


道瓊斯同樣擁有財經報紙和網站,梅鐸即使出價較狠(收購價較公布時股價有65%溢價),但相信投資回報仍可觀,因不用重新打造品牌,更擁有價值不菲的管理班底,且較一般傳統報紙受免費報紙和網上廣告衝擊影響為少,兼可跟隨對手加價以提高收入。


其實,內地著名財經刊物《財經》雜誌售價早已由以往10元人民幣加50%至15元人民幣,你話財經新聞幾值錢!


(8月3日刊於《am730》)

9 Comments:

At 5:44 PM, Blogger Samuel said...

2007年上半年中國房地產市場研究報告表示,目前在人民幣升值、流動性過剩的背景下,中國房地產市場投資、投機性有上升勢頭;今年下半年房價上漲壓力依然存在,商品住房市場供不應求的局面下半年難以緩解。

報告並指出,當前外資進入房地產領域增速較快,對宏觀經濟和房地產市場發展產生影響,而股市與樓市的蹺蹺板效應無疑對下半年房地產市場還會產生一定的影響;針對房地產市場發展的現狀和問題,在今年下半年和今後一段時間內,政府還可能出台一些新的調控措施。
http://hk.myblog.yahoo.com/jw!WaKTkryBERq4fAl4jFoI1f6G/archive?l=f&id=1

 
At 9:32 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 9:32 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 9:48 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 9:57 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 2:19 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 2:22 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 2:26 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 2:29 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