瑞銀料今年A股盈利增幅反彈至15%
瑞銀證券中國股票策略分析師孟磊表示,中國A股去年市場估值過度的下行,主要反映市場信心缺失,受制於疫情的打擾,再加上房地產的下行。但此兩個不利因素已開始逐步消退,使該行認為估值下跌幅度過大,因此開始轉向樂觀。
該行預計,今年A股盈利增長將從4%反彈至15%左右,疊加整體流動性偏向寬鬆,超額流動性往上走,再加上宏觀政策逐步放鬆的態勢,預計今年A股會有相對不錯的行情,該行持積極樂觀的立場。
短期而言,瑞銀比較戰術性的看好價值股,偏向於房地產和消費,但中期隨著市場偏好的回升,看好成長風格。具體板塊上,孟磊建議超配主要在於消費裡面的食品飲料、家用電器、休閒服務,成長板塊看電腦軟體和新能源電池產業鏈。
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