发帖
雷达卡
【出版时间及名称】：2010年2月香港证券市场投资策略报告
【作者】：德意志银行
【文件格式】：PDF
【页数】：40
【目录或简介】：
Table of Contents
Hong Kong Snapshot ........................................................................ 3
Cap by interest rate........................................................................... 5
Key points ................................................................................................................................5
MSCI HK: a more benign year because of higher rates ............................................................5
Export names to benefit from strong China export...................................................................7
Large-cap banks are beneficiaries of higher rates.....................................................................8
MSCI HK: modest upside..........................................................................................................8
Hong Kong by Sector ...................................................................... 10
Banks: Overweight..................................................................................................................10
Consumer Discretionary: Overweight.....................................................................................12
Real Estate - Developers: Underweight ..................................................................................14
Real Estate - Investors: Neutral...............................................................................................15
Transport: Overweight ............................................................................................................17
Macau* ..................................................................................................................................19
Hong Kong Market Diary................................................................. 21
MSCI HK sector performance .................................................................................................21
Liquidity, flows and sentiment ................................................................................................24
Earnings momentum and outlook ...........................................................................................26
Sector operating performance and valuation ..........................................................................26
Volatility and risk .....................................................................................................................27
DB’s HK Macro comments.............................................................. 29
January Economics Monthly...................................................................................................29
Deutsche Bank comments on recent data points ...................................................................30
Appendix A: Event Calendar........................................................... 33
Economic and earnings calendar ............................................................................................33
Appendix B: MSCI HK Members .................................................... 34
Appendix C: Comps (growth) ......................................................... 35
Comps (valuation) ........................................................................... 36
Comps (Risk) .................................................................................... 37
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