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華泰證券:建議保持倉位 內部適度切換
格隆匯 07-21 08:13
華泰證券表示,近期A股偏強運行,且啞鈴型風格向大盤成長切換的跡象初現。第一,多數“反內卷”行業估值籌碼雙低,升價驅動補升,有助於維持市場熱度。中期,“反內卷”夯實ROE築底回升預期,有利於投資者看長做短。第二,中報預吿驗證重點行業景氣線索,支持風格短期切換,持續性待觀察。第三,6月金融數據偏強,改善全A中期盈利預期。展望看,高位拉鋸,局部活躍或是基準情形,建議保持倉位,內部適度切換,關注航空裝備、風電、存儲等有補升空間的景氣成長以及有中期邏輯的“反內卷”品種,如部分化工品、電池。戰略上,繼續超配大金融、創新藥、軍工。
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