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《即市分析》分析員:金礦及金飾股基本面未樂觀 @ 2013-04-17T04: Back Hot News
Keyword:金礦股 金價
Concept:10年金價 , 金礦股金飾零售股捱沽
金價下瀉,金礦股及金飾股亦遭殃。有分析員認為,個別金礦股已超賣,而珠寶零售股短期或無利可圖。
李惠嫻則指出,金礦股受累金價,近日急跌,短線可博技術反彈,但基本面未言樂觀。因為以紫金(02899.HK)為例,近年涉及污染問題,影響產量。至於珠寶金飾股方面,反而更有投資價值,因為金價急跌,大增市民買金飾的興趣,對銷售有利。不過,要留意金價下跌對毛利率的影響。因此,她建議投資者挑選黃金對沖比例高的金飾股,如周大福(01929.HK)的對沖比例是同行中最高的,達到7成,能夠有效抵消金價對毛利的影響,因此金價的上落對毛利率的影響最細,但是銷售額上升,對整體利潤有提升。至於六福(00590.HK)的對沖比例低,只得兩成,因此金價跌對毛利率的拖累大,同時亦會拖低其黃金存貨的帳面價值。
金價一跌,金礦股、金ETF同埋金飾股自然淡氣纏身。金礦股慨跌幅最顯著,其中招金

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