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光大證券發佈3月A股及港股月度金股組合:聯想集團等在列
格隆匯 03-03 13:57

光大證券發佈研報指,2月份A股/港股市場出現回暖。

A股方面,受中美關係緩和、DeepSeek爆火、節後日歷效應等因素影響,2025年A股“春季躁動”行情已經開啓。政策的持續支持以及賺錢效應帶來的資金流入將有望進一步提升市場估值。當前A股市場的估值處於2010年以來的均值附近,而隨着政策的積極發力,中長期資金以及前期賺錢效應帶來的增量資金或將加速流入市場,有望進一步提升A股市場的估值。配置方向上,關注科技成長及消費兩條主線。

港股方面,該行認爲港股有望持續上行。關注DeepSeek-R1等科技成果催化下的中概資產價值重估,可繼續關注科技成長及高股息佔優的“啞鈴”策略:1)關注中美大博弈背景下國內扶持政策有望持續出臺的自主可控、芯片、高端製造相關概念;2)關注具有自身獨立景氣度的部分互聯網科技公司;3)繼續關注高股息低波動策略,包括通信、公用事業、銀行等行業。高股息策略仍然可以作爲穩定收益的底倉。

研報列出3月A股及港股月度金股組合,A股方面:華懋科技、寒武紀-U、海光信息、陽光電源、恆立液壓、格力電器、永輝超市、中國石油、牧原股份、神農集團;港股方面:阿里巴巴-W、中芯國際、騰訊控股、金山雲、金山軟件、聯想集團、金蝶國際、地平線機器人-W。

其中,該行指出,聯想集團FY25Q3業績大幅增長,受高端PC/智能手機銷售推動,IDG(智能設備業務集團)收入同比增長12%至138億美元,持續保持雙位數同比增長;ISG(基礎設施方案集團)收入同比增長59%至39億美元,連續三個季度創新高,並實現扭虧爲盈;SSG(方案服務)業務收入同比增長12%至23億美元,連續15個季度同比雙位數增長,營業利潤率20%。

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