《大行報告》瑞銀料中國「十四五」國策可拉高內需貢獻 看好康師傅、萬洲、百勝、滔博
瑞銀發表報告指,中國新公布「十四五」規劃,政府計劃透過支持就業和中小企以增加家庭收入和信心、增加家庭資產相關收入、改善社會安全網,及解除大城市戶籍限制。
該行認為,有關措施將推動消費對經濟增長的貢獻,再者政府進一步投資於城鎮化及數碼轉型,可令低線城市的消費升級受惠,而此等或未完全被投資者重視。
瑞銀喜好H股的必需消費股多於A股,因相關股份的估值更為吸引,其中康師傅(00322.HK)及萬洲(00288.HK)估值是最為吸引。非必需消費方面,該行推薦在低線城市有更快增長的百勝中國(09987.HK),並喜好滔博(06110.HK)的數碼化舉措。
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