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馮兆山先生(Michael Fung)
經理

現任職輝立經理,對投資股票、期權經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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北京汽車(1958.HK)為行業首選

Friday, December 23, 2016 Views6729

 

  • 內地財政部以及稅務總局等機構公布明年1.6升以下的小排量汽車購置稅將會由5%提升至7.5%。

  • 政府同時表明於2018年將會恢復10%的正常稅率。

  • 本人認為,市場其中一個不明朗因素已消除,亦可避免在政策完結前搶購小排量汽車風潮的出現。

  • 其實,今次購置稅率的調整符合市場預期及已被消化。一方面目前的乘用車銷量於去年第四季至今年以來已經新增超過200萬輛需求,市場已普遍預期未來銷售將有下行風險:其次,政府希望內地汽車行業穩定增長,對經濟有相當重要的作用。

  • 另一點值得注意的是,汽車股今年預期純利會錄得歷史記錄,相信各大汽車製造商將會預期透過更多折扣優惠,保持盈利貢獻提升。

  • 綜觀所有資料分析,內地乘用車銷售將在12月份保持強勁增長,主要是稅收較低,而預期明年的銷售增長放緩至約5%。

  • 另外,市場亦預期2018年的汽車銷售增長將會進一步放緩至4%。

  • 內地汽車行業,本人首選北京汽車(1958.HK),目標價為 $11.7元;止蝕價為十天移動平均線 = $6.81。

 

本人馮兆山為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之證券的所有相關財務權益.

 

I, Michael Fung, am a licensed person under the Securities and Futures Commission. Until the date this commentary was published, neither I and/or my affiliates are the beneficiary of the securities mentioned herein or are entitled to any financial interests in relation thereto.

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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