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陳招富先生 (Anthony Chan)
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現任職輝立經理,樂意與客戶研究買賣策略。歡迎各位來電交流心得
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港鐵公司(00066.HK) 不能與之為敵,便與之為伍

Thursday, December 29, 2016 Views7843

港鐵公司(港交所:00066) 2000年10月以每股$9.38於香港交易所上市。擁有及經營地下鐵路,包括本地及過境服務、高速的機場快線和輕鐵系統,亦夥同發展商共同發展及銷售住宅與商用物業。

作為公用股, 港鐵可謂攻守兼備。港鐵的交通運輸業務除了在香港擁有壟斷性地位外, 旗下亦擁有多個投資物業連接地鐵站例如:德福廣場(九龍灣站)綠楊坊(荃灣站)杏花新城(杏花邨站)連理街(坑口站)君薈坊(將軍澳站)圓方(九龍站)PopCorn(將軍澳站)等等。

港鐵的每月總乘客量平均達1.3億人次, 為了更方便讀者理解香港人生活上對港鐵的依賴性, 在此, 筆者以紐約市作一個比較。以2015數據推算, 紐約地鐵一年的乘客量 17.63億人次, 紐約市人口大約是八百五十萬人。而香港是 17.07億人次, 人口大約是七百多萬人。比例上香港的乘客量比紐約市還要多出4個百分比。

在股價方面,除了有相當的抗跌能力,由上市開始至今, 股價一直在上升趨勢, 股息更加是穩定地每年派發中期息及末期息。今年比較特別, 疑因高鐵超支延誤於五月派發兩次特別股息相關故事在此不贅, 但是此等行為便可知道港鐵在香港不可憾動的地位。雖然有關做法在輿論方面有不少負面聲音,但反觀之, 港鐵除了有壟斷性穩定業務之外還有政府在背後強力支持。在此, 對持有這股票的評價只可引用一句諺語 “If you can't beat them, join them”.

同時, 南港島線今天2016年12月28日正式開通, 而沙中線亦有望在2017 年開通,有見及此。 筆者認為港鐵絕對是可長線持有的港股。入市方面, 建議先在35.4小注建倉, 然後守候股價回落至30.63元, 月線圖上升軌底部及50天線支持位才主力建倉。

 

基本數據:

市值2,201億

市盈率: 16.91

周息率: 14.54

52周低/高29.84/ 44.25

 

註:本人陳招富為證監會持牌人士。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証券的所有相關財務權益。

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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