Tuesday, April 01, 2008

糧油通脹照炒可也

著名投資專家張士佳設專欄,提供投資教育竅門,實屬讀者之福。禤中怡讓出兩天版位也無所謂,日後改為逢周二至四同大家分享投資小心得,敬請繼續捧場,並且就無事先向讀者說明致歉,sorry!

言歸正傳,近期想弄廚為樂,最好不要炒蛋和煲粥,皆因蛋價和米價均大升,真的是回歸原始世界。有消息自然要找題材炒,所以金源米業(677)股價昨日大漲21.4%至0.68元,成交股數由上周五的300多萬股,急速增至逾9,015萬股。見到中盛糧油(1194)逆市升9.25%,見0.295元、中國綠色食品(904)增2.5%至8.61元,而農作物要施肥,中化化肥(297)也加入陣營,一日彈4%就知多熱鬧。

用米等原料做食品的股份就竟然不跌反升。仍潛水的中國旺旺(151)全日上揚1.7%,收報2.9元,還差一毫就返家鄉。諷刺的是,提起旺旺,就記得有米餅,那麼米價升,該股絲毫不受影響?該公司原來在招股書風險因素講明,06至07年的原料總額升22.4%,而白米主要在內地東北地區買入,莫非買到平價米?不炒股,一樣有農業基金可以供入市,君不見領先資產管理立即大賣廣告,發售農產品基金,趁機搶客。有投資賓架話,今年首季已叫客買貨,其中有隻寶源農業基金,早前在市場熱賣,去年11月資產才19億美元(約148.2億港元),然後在短短3個月後,資產已大幅增長至高達50億美元(約390億港元),難怪基金公司立即要hard close,即反應太踴躍,像字面解釋,要「硬梆梆」關閉,實行提早截止認購,而曾經出現類似情況的,就是去年大炒內地A股概念的JF那隻先鋒A基金。

為甚麼認購資金不是多多益善呢?原來錢太多,可能會做成基金經理無法有效管理,反而削弱其收益能力。走去分析基金表現數據的Morningstar網站看看,這隻基金去年回報就有25.36%,而直至上周五,今年以來也有7.82%累積回報,表現優於基準指數。其實,該基金並非投資傳統經營農產品的上市公司股份,而是直接投資農產品期貨市場,主力有小麥、粟米和棉花期貨,有否參與大米期貨就不見披露,但當中竟有「Lean Hogs」,是甚麼?原來是瘦豬肉條也,平倉時,應該不用收實物吧!

另外,要炒窩輪的投資者就要注意,下周一港交所(388)正式推出第一批採用五位數字證券代號的衍生權證,今次共有16隻先登場,而以香港為相關資產的窩輪中,拿到編號13001的,就是麥格理隻國泰認購輪,實行先攞頭彩不得止,甚至一口氣連奪首8個號碼,即直至編碼13008的窩輪也盡入麥格理手中,認真厲害。至於以非香港資產的窩輪也佔兩隻,就是德意志的兩隻日經窩輪,編號分別為10780和10784,至於為何先選這組數字就難明所以。

(4月1日刊於《am730》)

9 Comments:

At 9:29 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 9:39 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 9:54 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 10:02 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 11:54 AM, Blogger ninest123 Ninest said...

ninest123 11.11
iphone 5s cases, air max, insanity workout, iphone 6 plus cases, celine handbags, ghd, instyler, ralph lauren, iphone 6 cases, soccer shoes, vans, baseball bats, reebok outlet, air max, iphone 6s plus cases, asics running shoes, beats by dre, lululemon outlet, wedding dresses, babyliss pro, new balance shoes, converse, abercrombie and fitch, gucci, ipad cases, ray ban, s6 case, soccer jerseys, p90x, jimmy choo outlet, birkin bag, mont blanc, vans shoes, timberland boots, giuseppe zanotti, north face jackets, chi flat iron, oakley, iphone cases, ferragamo shoes, mcm handbags, north face outlet, mac cosmetics, herve leger, bottega veneta, nfl jerseys, abercrombie, nike roshe run, iphone 6s cases, louboutin, valentino shoes, hollister clothing store

 
At 11:58 AM, Blogger ninest123 Ninest said...

canada goose, doke gabbana, sac louis vuitton, marc jacobs, moncler outlet, sac lancel, toms shoes, ugg, louis vuitton uk, canada goose, links of london, thomas sabo, hollister, swarovski, pandora charms, canada goose jackets, pandora jewelry, converse shoes, pandora charms, moncler, barbour, rolex watches, canada goose outlet, moncler, michael kors handbags, moncler, ugg, louis vuitton, moncler, montre homme, karen millen, canada goose, pandora jewelry, sac louis vuitton, michael kors outlet, supra shoes, moncler, moncler, ugg pas cher, swarovski crystal, juicy couture outlet, moncler, canada goose, coach outlet store online, wedding dresses, ugg, canada goose, juicy couture, ugg boots, michael kors outlet online, louis vuitton, canada goose uk, barbour

 
At 12:02 PM, Blogger ninest123 Ninest said...

oakley sunglasses, louis vuitton outlet, burberry outlet, cheap uggs, louis vuitton outlet, longchamp handbags, michael kors outlet, michael kors outlet, jordan shoes, burberry outlet, ugg boots clearance, chanel handbags, louboutin outlet, michael kors outlet, polo ralph lauren outlet, christian louboutin, oakley sunglasses cheap, nike shoes, louis vuitton, air max, prada handbags, prada outlet, tiffany and co, air max, tiffany and co, ray ban sunglasses, ugg outlet, uggs, longchamp handbags, michael kors outlet online sale, ray ban sunglasses, replica watches, longchamp outlet, louis vuitton outlet stores, michael kors outlet, oakley sunglasses, cheap oakley sunglasses, uggs outlet, gucci outlet, polo ralph lauren, ray ban sunglasses, rolex watches, louis vuitton handbags, tory burch outlet, louboutin, louboutin shoes, nike free, oakley sunglasses, michael kors outlet

 
At 1:32 PM, Blogger ninest123 Ninest said...

nike air force, sac hermes, hogan outlet, michael kors, coach purses, nike trainers, nike roshe run pas cher, air max, ray ban sunglasses, air max, air jordan, coach factory outlet, vans pas cher, polo lacoste, michael kors uk, nike tn, ralph lauren, sac guess, sac burberry, polo ralph lauren, vanessa bruno, longchamp, mulberry, hollister, nike free pas cher, michael kors outlet, nike air max, nike roshe, north face, sac longchamp pas cher, hollister, air max pas cher, nike huaraches, true religion outlet, converse pas cher, ray ban pas cher, true religion jeans, timberland, nike free, new balance pas cher, oakley pas cher, coach outlet store online, longchamp, north face, true religion jeans, nike blazer, abercrombie and fitch, louboutin, michael kors pas cher, lululemon outlet online, true religion outlet
ninest123 11.11

 
At 1:52 PM, Blogger Chen Jeje said...

kobe byrant shoes
cheap oakley sunglasses
fitflops
tiffany and co
http://www.outlettiffany&.co
air jordan shoes
michael kors handbags outlet
chrome hearts online
michael kors outlet
Cheap Jerseys Online
cheap tiffanys
tiffany jewelry
nike zoom kobe
ralph lauren online,cheap ralph lauren
nfl jerseys
air jordans,cheap air jordans,air jordan shoes,air jordan 11,air jordan 13,air jordan 6,air jordan 4
cheap jordans
nike dunks
chrome hearts online store
basketball shoes

 

Post a Comment

<< Home