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《大行報告》瑞銀:政治局會議帶來廣泛正面訊號 看好互聯網、內險及體育用品板塊
阿思達克 07-25 12:49
瑞銀發表報告表示,就中共中央政治局昨日召開會議,分析研究當前經濟形勢,為今年下半年經濟工作定下政策基調,該行認為中央政治局會議關於支持經濟增長、促進私營企業投資和提振投資者信心的信息總體上對市場情緒有利,帶來廣泛正面訊號,因市場早前對政策預期似乎相對溫和。該行指,投資者在採取行動之前很可能需要看到當局更詳細實施計劃。總體而言,該行認為MSCI中國指數當前的風險回報仍然具有吸引力,因為政策設置處於促增長階段。 該行表示,對MSCI中國指數前景保持樂觀,青睞行業包括互聯網、白色家電、啤酒、運動服飾、休閒和保險。 瑞銀表示,國務院促進改善私營企業經營環境並加快改善企業現金支付情況,對私營企業的基調是積極的。推動數字經濟和平台經濟健康發展的意圖,繼續強化該行對互聯網行業的首要行業偏好。有關汽車、電子產品和家居用品等大宗商品以及體育和娛樂支出的消費增長的消息也令人欣慰,雖然消費復甦可能滯後於更廣泛的經濟復甦,但考慮到估值低迷,該行仍認為內地特定消費領域具有吸引力。 瑞銀指,中共中央政治局會議沒有再提及「房子是用來住的,不是用來炒的」,對房地產業有潛在的積極影響;當局計劃增加國際航班,對出境旅遊相關行業具有潛在利好;此外,內地推動人工智能等先進產業發展,對先進製造業和軟件等人工智能相關領域產生積極影響。
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