凱基投信每週市場評論 - kgifund.com.tw ·...
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本簡報由中華開發金融控股公司(「開發金控」)所編製，所載之資料、意見及預測乃根據本公司認為可靠之資料來源及以高度誠信來編製，惟開發金控成員並不就此 等內容之準確性、完整性或正確性作出明示或默示之保證，亦不會對此等內容之準確性、完整性或正確性負任何責任或義務。本簡報僅供參考，未經本公司批准同意， 本簡報不得翻印或作其他任何用途。 1 凱基投信每週市場評論 2018年1月2日
Transcript of 凱基投信每週市場評論 - kgifund.com.tw ·...
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201812
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1.
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3
1.
Shiller17.7
(PB)0.94.1%
3D Sensing
Credit Suisse estimates (Aggr for CS coverage universe)2017/11
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4
1.
FedGDP11
21%201810200~11000
123DPurley
1116
2017/12/19
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1.
20172018()Purley/5G(/AI)
2017IATA2018
iPhone XiPhone2018
2018
Wind2017/11
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()
6
1.
2018
20182,300~2,40014
()
EPFR Global, Deutsche Bank calculations2017/12/20
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1.
2018()5557.550~602018
2018(late cycle)
2018
2018
Q2
EIA2017/12
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1.
20182018
11CPI2.5%201820181
2018
2018
2019
FactSet, I/B/E/S, Goldman Sachs Global Investment Research2017/12/03
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2.
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Reduce principal investment and inject capital to other businesses (e.g. KGI Bank)
Source Bloomberg2017/11/30
Benchmark
2017205()
(2017/11)
1 2 3 5
25.31% 34.09% 33.50% 65.50% 83.70%
MSCI 17.99% 16.22% 5.13% 14.91% 6.46%
18.72% 23.52% 8.45% 16.20% -
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Reduce principal investment and inject capital to other businesses (e.g. KGI Bank)
Source 2017/11/30
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3 6 1 - 2.84% 5.23% 13.36% 10.14% 8.60% - 3.51% 5.60% 20.46% 18.44% 16.60%
3.88% 2.49% 15.56% 12.73% 15.10% 3.90% 8.41% 18.52% 16.33% -
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Reduce principal investment and inject capital to other businesses (e.g. KGI Bank)
Source 2017/11/30
1 2 3 5
30.73% 37.84% 44.20% 80.35% 31.33% 156.10%
29.11% 36.26% 37.18% 79.05% 29.62% -
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Reduce principal investment and inject capital to other businesses (e.g. KGI Bank) A
Benchmark
Source Bloomberg2017/11/30
(Economic Moat)
3 6 1 2 3
5.51% 9.69% 13.59% 6.87% 14.43% 10.37% 25.40%
MSCI 5.63% 8.37% 14.15% 12.79% 15.71% 10.00% 19.91%
3.90% 8.41% 18.52% 12.53% 13.04% 16.33% -
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MSCI()
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