金英证券每日港股简评

每日港股简评 年月日 大市分析 中美签署首阶段贸易协议，加上美国白宫经济顾问库德洛称总统大选期间会宣布更多减税措施，美股三大指数再创即市新高。预计恒生指数将在其10天移动平均线（28,500点）和20天移动平均线（28,200点）处具有支撑水平。 焦点板块 ------------------------------------------------------------------------------------------------------------ 中国电影票房 自2016年以来，中国电影股的表现不及大市，反映出票房增速从2007-2015年的38％复合年增长率降至2016-2018年的11％和2019年的5％。然而，中国电影票房增速有望在2020年恢复至9％，从长远来看将保持稳定。在短期内，市场认为2020年春节应该会成为近期的正面催化剂。对于2020年春节，这将是首次同时发行五套内地的大型制作电影（《唐人街3》、《救援》、《迷失在俄罗斯》、《飞跃》、《姜子牙》），而在过去春节档期则为三套。 企业消息 ------------------------------------------------------------------------------------------------------------ 阿里巴巴（9988 HK） 股东之一Altaba（前称雅虎、Yahoo）在本星期一（1月13日），开始沽出手上剩余阿里巴巴ADR（美国预托证券），先以平均每股229美元出售100万股阿里ADR，总收益为2.29亿美元，预计将在未来几天完成出售所有阿里持股。 信义玻璃 (868 HK) 该公司股价在降级报告发表后出现调整。其券商认为，2020年整体市场应保持平衡，但是，担心华南和华东区域市场的供应量分别增长16％和10％，将超过需求增长3-5％的总体水平。该券商认为，供需失衡将给区域价格带来压力，基于信义在这些市场占60％的份额，将会受到直接影响。 中海油田服务 (2883 HK) 管理层有信心在2020年取得更好的业绩，原因如下：(1)中海油(883 HK)的2020年预算资本支出增加；(2)中海油在国内市场的支出比例较高（国内62％，海外38％）；(3)整个石油服务价值链的利用率不断提高；(4)增加市场份额；(5)应用更多新技术。 复星国际 (656 HK) 据彭博社报导，复星已经与可能委任的顾问就可能出售其德国保险业务Frankfurter Leben的方案进行多次讨论。现时尚未做出最终决定，复星或会仍决定持有陔项业务。复星的一名代表拒绝置评。 敏华控股 (1999 HK) 该公司的管理层强调，越南在2019年10月/ 11月的月产量达到2,400-2,500 TEU，比预期的要快。此外，越南工厂的净利润率将在2-3年内达到两位数，与贸易战开始前的中国工厂相若。该公司的管理层还表示，20年财年上半年（估计）的股息派发率将从谷底的35%有所增加。 国泰君安 (1788 HK) 该公司宣布拟发行不少于19亿但不超过26亿股的股票，以筹集高达38亿港元的所得款项总额后，其股价大跌。发行价为每股1.45港元，以每三股新股换一股计算。发行计划相当于其已发行股份的25-34%。 免责声明： 倘本报告中英文版本有任何歧义，概以英文版本为准。 DISCLAIMERS This Dim Sum Daily is prepared for general circulation and for information purposes only. It is not an investment research or a research recommendation, as it does not constitute substantive research or analysis. The material contained herein is intended as a general market commentary. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable. However, Kim Eng Securities (HK) Ltd, its subsidiary and affiliates (collectively, “Kim Eng (HK)”) do not independently verify such information and consequently no representation is made as to the accuracy or completeness of such information. Kim Eng (HK) does not take responsibility for any loss occasioned by reliance placed upon the contents hereof. Any statements nonfactual in nature constitute only current opinions, which are subject to change at any time without prior notice. Kim Eng (HK) or its officers, directors, analysts, or employees may, to the extent permitted by law, from time to time participate or invest in financing transaction with any company mentioned herein; may have positions in securities or commodities referred to herein, and may, as principal or agent, buy and sell such securities or commodities. An employee, analyst, officer, or a director of Kim Eng (HK) may serve as a director for companies mentioned in this email. Neither the information nor opinion expressed in this email shall constitute a solicitation to buy or sell any securities. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. Kim Eng (HK) may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in this email. This Dim Sum Daily is prepared for the use of Kim Eng (HK)’s clients and may not be reproduced, altered in any way, transmitted to, copied or distributed to any other party in whole or in part in any form or manner without the prior express written consent of Kim Eng (HK) and Kim Eng (HK) accepts no liability whatsoever for the actions of third parties in this respect. There are risks inherent in international investments, which may make such investments unsuitable for certain clients. These include, for example, economic, political, currency exchange rate fluctuations, and limited availability of information on international securities. Kim Eng (HK) recommends that you obtain the advice of your Financial Advisor regarding this or other investment in order to confirm to your financial resources and risk preference.