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《大行報告》瑞銀:第三季為A股今年盈利低點 料未來盈利呈緩步復甦態勢
阿思達克 11-07 12:19
瑞銀發表報告指,雖然全部A股的單季度營業收入的按年增速,從第二季的6.1%略升至第三季的6.4%,全部A股和非金融板塊在第三季的單季盈利分別按年下跌1.3%和4.4%,弱於第二季單季盈利按年增長0.8%,和按年下降2.1%的情況。 分板塊來看,金融板塊在第三季單季的盈利按年增長2.4%,較第二季5%的按年增長有所放緩。不過,創業板和科創板的盈利增速觸底反彈。創業板在第三季錄得按年30%的盈利增長,好於二季度10%的增速。科創板扭轉了上一季度的按年負增長,在第三季錄得15%的按年盈利增長。 瑞銀證券中國股票策略分析師孟磊認為,第三季是A股今年盈利的低點,且隨著盈利基數的降低,未來一段時間內A股的盈利情況會呈緩步復甦態勢。預計全部A股的全年盈利增速將回升至4%左右。 股市方面,他稱目前A股市場的股權風險溢價已與2018年高點持平。儘管目前的宏觀環境仍面臨挑戰,但今年估值下降幅度過大。該行認為年初至今的悲觀氣氛將為股市上行奠定基礎,A股市場的低點或已現。(ek/u) ~
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