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券商板塊持續走強 中國銀河(601881.SH)拉昇封板
格隆匯 05-24 10:48

格隆匯5月24日丨券商板塊持續走強,中國銀河率先漲停,財達證券逼近漲停,中金公司大漲超9%,光大證券漲超5%,中信建投、太平洋、東方財富等跟漲。

5月22日,易會滿主席在講話中要求證券行業進一步發揮財富管理作用,助力增強廣大投資者的獲得感,將“服務居民財富管理需求”和“服務實體經濟”進行了並列表述。不干預+零容忍,放松管制+加強監管,將顯着提升證券行業的合規溢價、風控溢價。龍頭券商受益於此的程度或超市場預期。當前券商板塊估值水平調整回落至1.67倍。統計範圍內的42家上市券商中,31家上市券商的PB估值在歷史25%分位數以下。

天風證券認為,近期市場流動性充沛、利率往下、大宗商品價格下行、打擊虛擬貨幣等均在策略角度利好券商股。並且券商存在高估值業務(財富+資管+衍生品)的長期提升邏輯,短期存在業績或將上行的趨勢,另外龍頭的各種優勢正在明顯擴大。

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