港股经历“报复性反弹”一周后,当下还有哪些不确定性?
天风证券表示,历经前期大幅波动后,当前市场环境对于潜在催化剂的反应相对敏感。短期重点关注影响企业收入加速拐点的宏观前置指标、以及市场流动性/风险偏好的影响因素(包括美联储加息步伐、「绿灯投资案例」、中概审计进展)。
上周(2022年10月31日至11月4日)恒生指数收盘16,161.14点,上涨约8.73%。

上周(2022年10月31日至11月4日)港股通5个交易日共净买入315.1939亿元。

天风认为,历经前期大幅波动后,当前市场环境对于潜在催化剂的反应相对敏感。外部环境整体呈现改善态势,中国科技互联网企业估值处于历史相对低位,基本面修复趋势较明确,中期估值性价比较高。
短期重点关注影响企业收入加速拐点的宏观前置指标、以及市场流动性/风险偏好的影响因素(包括美联储加息步伐、「绿灯投资案例」、中概审计进展)。
建议关注中期基本面复苏潜在动能:1)电商及本地生活:美团、拼多多、京东、阿里、快手;2)泛娱乐:腾讯、网易;3)酒旅:同程、携程、华住;4)消费:泡泡玛特、名创优品。
风险提示:美国和欧洲市场面临持续加息和高通胀率;国内疫情反复风险;国内经济增长放缓;政策刺激效果不足
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.