企業盈利有望回升，投行Vontobel看好中國股市迎來反彈
瑞士投行Vontobel Holding AG新興市場股票基金的聯席經理在接受採訪時表示，由於本季度企業盈利有望回升，中國股市可能將會有所反彈。
幫助管理40億美元Vontobel Fund- mtx Sustainable Emerging Markets Leaders基金的Thomas Schaffner表示：“我們認爲企業盈利已經見底，因此復甦應該是相對廣泛的。”並補充道，隨着經濟復甦，中國今年的企業盈利增長可能會達到20%左右，這一增速將超過多個國家。
儘管在地緣政治緊張局勢和經濟增長前景不確定的前景下，部分人士對市場復甦的信心有所動搖。但他表示，1月份經濟疲軟拖累了第一季度的業績，“第二季度經濟數據實際上應該開始好轉”，盈利增長將對市場起到催化作用。
目前，中國最新一輪財報季仍在進行中，其中，部分公司的財報已經出現了復甦的萌芽，包括電池製造商$寧德時代(300750.SZ)$和白酒巨頭$貴州茅臺(600519.SH)$在內的許多行業領軍企業都公佈了強於預期的業績。
Schaffner預計，隨着金融業的淨息差壓力可能已見頂，企業盈利將反彈。週一，隨着三家全國性銀行下調存款利率，銀行板塊領漲市場。
另外，Schaffner透露稱，其還在探索對包括汽車製造商在內的國內電動汽車供應鏈的投資，並表示最近由$特斯拉(TSLA.US)$和其他汽車製造商引起的價格戰可能是一種短期現象。
對於存儲芯片製造商而言，Schaffner認爲，該行業庫存水平已見頂，虧損後產量正在削減，“需求很可能在下半年回升”。
最後，他還預計，受中國企業盈利增長、半導體週期觸底和美元走弱的推動，今年亞洲股市將跑贏發達市場。
根據資料顯示，該基金今年的回報率爲2.8%，超過了約三分之二的同行。截至3月底，該基金在中國市場的整體權重達到43.8%，遠高於中國在MSCI新興市場指數中30%的權重。
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