《大行報告》高盛下調MSCI中國指數目標 但重申「增持」看法
高盛發表報告表示,MSCI中國指數自去年從10月下旬的低點至今年1月的高點累漲59%,該指數由從高峰至今已回調23%,中國市場由年初至今的表現明顯落後於主要發達市場和新興市場,相信是增長、通脹和政策前景相對較不樂觀所影響。
該行表示,重申看好中國股票,維持「增持」看法,具有令人信服的風險與回報率,指充分認識到中國所面臨的周期性和結構性增長以及流動性挑戰,但認為估值離週期低點不遠,料企業盈利增長次季有望加速。
高盛表示,將MSCI中國指數目標由80點下調至70點,對其未來12個月估值預測市盈率由11.5倍降至10.7倍,但至2024年3月潛在升幅約19%。該行亦下調滬深300指數的目標水平由4,700點降至4,500點。
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