長城證券匯率貶值將對家電出口造成一定正向影響但效果有限
格隆匯8月15日丨長城證券認為,短期來看,匯率貶值將對家電出口造成一定正向影響,但效果有限。一方面,家電企業的海外合作伙伴將面臨成本上升風險,在貿易摩擦背景下,企業可能讓利穩住合作關係。另一方面,部分企業通過海外業務收入及風險對衝,儲備較多外幣貨幣性資產,人民幣貶值也有望產生匯兑收益、減少財務費用,對利潤有一定正向影響,但持續性較弱、對主營並無直接拉動作用。推薦關注白電企業中,佈局海外市場早的龍頭格力電器,美的集團,海爾智家。
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