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《大行報告》瑞信:解封後恢復消費及刺激措施受惠股包括李寧(02331.HK)、美團(03690.HK)、吉利(00175.HK)及龍湖(00960.HK)等
瑞信發表研究報告指出,中國最重要城市宣布抗疫勝利,包括上海宣布6月1日起重新開放,而北京亦於6月6日起在一定條件下放寬防疫措施。而內地推出33項刺激經濟措施,反映中央及地方政府加緊努力振興受疫情打擊的經濟。 該行認為,雖然解除疫情封鎖措施確實重振社區,但仍有一些限制措施存在。而人流量及經濟活動改善,有望刺激體育用品、化妝品、家電、物業、餐飲、白酒及調味品的銷量。至於電商、外賣、本地服務平台及速遞服務將會是線上消費復甦的主要受惠者。酒店、短途和本地旅行/航班應有良好復甦,但長途旅行除外。此外,6月份的汽車銷量改善支持需求。硬件生產和建設可逐步正常化,而半導體需求問題將多過供應問題。 瑞信指出,內地解封後恢復消費及刺激措施,期望與618購物節能成為短期催化劑,而當中較為偏好李寧(02331.HK)、百勝中國(09987.HK)、九毛九(09922.HK)、京東(09618.HK)、美團(03690.HK)、同程旅行(00780.HK)及中通快遞(02057.HK)等。另外亦看好需求改善及生產受破壞較少的股份,如永達(03669.HK)、吉利(00175.HK)、中國重汽(03808.HK)、中鐵(00390.HK)、中國建築國際(03311.HK)、龍湖集團(00960.HK)及綠城服務(02869.HK)等。
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