港股收评:恒生指数涨0.28%,重上24000点,PCB概念涨幅居前,光通信板块大涨

金融界
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港股小幅收涨,恒生指数涨0.28%,报24040.34点,恒生科技指数涨0.62%,报4183.68点,国企指数涨0.26%,报8051.67点,红筹指数跌0.05%,报3990.61点。

大型科技股中,阿里巴巴-W涨0.96%,腾讯控股涨0.43%,京东集团-SW跌0.49%,小米集团-W跌1.49%,网易跌0.32%,美团-W涨0.64%,快手-W跌0.27%,哔哩哔哩-W涨0.18%。智谱涨逾6%,联想集团和华虹宏力均涨逾4%,中芯国际涨逾1%。

PCB概念涨幅居前,建滔积层板涨约12%,景旺电子涨超9%,广合科技涨超6%,胜宏科技涨超5%,芯碁微装涨超2%。摩根大通指出,通用服务器回暖与AI服务器爆发形成合力,致使电子级玻璃布极度紧缺,年内价格累计涨幅已突破100%。该行预计建滔集团将凭借供应链地位显著扩大利润率与市占率,预测其2025至2028年间每股收益(EPS)复合爆发可达8倍。

应用软件板块涨幅居前,智谱涨超6%。高盛发布研报称,将智谱评级由“中性”上调至“买入”,并将基于DCF的12个月目标价修订为1560港元。上调理由包括:变现路径更为清晰——该行将2026E年底ARR预测上调至32亿美元(此前预测为27亿美元),受强劲的token需求以及自10月起与中国及全球超大规模云厂商(hyperscalers)达成的新商业条款驱动;算力基础设施扩张/资产负债表增强以驱动规模扩张;凭成本效率实现的更优推理毛利率;以及harness/Co-Work产品的持续进展。

光通信板块大涨,京信通信涨超25%。上周五美国9月非农“爆冷”削弱10月加息预期,美股光通信等科技股联袂大涨。值得一提的是,摩根士丹利于10月1日发布电信与网络设备行业研究报告,核心判断是,美国FCC对中国产光模块的限制最可能在3.2T代际落地,但存在“美国含量豁免”路径,整体格局对Lumentum和Coherent构成利好。

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