煤炭板塊走高 機構看好板塊估值修復
格隆匯8月18日丨煤炭板塊拉昇走高,安源煤業、冀中能源封住漲停,大同煤業漲超4%,鄭州煤電、潞安環能、山西煤電等紛紛跟漲。中信證券研報指出,煤炭板塊今年以來漲幅持續落後於指數,近期反彈的持續性也弱於其他週期板塊。市場主要擔心板塊的長期景氣以及宏觀復甦的確定性,難以對板塊持續提升估值。但從目前的經濟恢復程度以及流動性的角度觀察,宏觀因素對板塊影響的彈性在增加,長期行業龍頭公司前景並不悲觀,優質龍頭公司估值修復空間明確,有配置價值。目前邊際需求小幅改善,焦炭及動力煤價格企穩向好。行業中期改善的邏輯並未破壞,板塊估值也具備吸引力。

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