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瑞銀:中國"小姐姐經濟"成新消費主題,對化妝品和免稅商品等影響大
uSMART友信智投 08-03 13:40

彭博新聞社報導,瑞銀稱,儘管疫情過後中國總體消費復蘇不及預期,但女性消費力漸長,預計對化妝品、免稅商品、醫療美容、手遊和互聯網內容影響重大

瑞銀投資研究部中國策略主管劉鳴鏑在報告中指出,20-40歲年齡段高學歷城市女性近期成為熱門影視題材;"小姐姐經濟"可能會擴展到電商領域的家庭和兒童消費,包括電商、娛樂、教育、孕產保健以及育兒產品和服務等

中國公司中期業績方面,由於計提的減值準備較高,銀行的二季度利潤或大幅下降,保險公司業績或低於市場預期;由於A股成交量激增,券商板塊盈利或存上升空間 。

週期股中,建材、水泥、機械和重卡標的的業績或超市場預期。

互聯網和科技股方面,遊戲和硬體股業績有望超出市場預期,而廣告和軟體股則恐面臨業績壓力。

消費股中,乳業板塊盈利有望好於一致預期;防禦股中預計新能源板塊或存在盈利預期上修空間。

在2020年的四個關鍵投資主題中,行業龍頭、創新和LPR下調主題已步入正軌,而國企改革尚未完全落地,下半年值得關注。

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