《大行報告》大摩:內需股看好百威亞太、潤啤、李寧、安踏及申洲等
摩根士丹利發表報告表示,近期內地消費有復甦跡象,但不預期會出現「V彈」,當中相信實物需求會於第二季底回復正常,而服務性消費則料於第三季底才完全回復,且預期不會出現第二波疫情。
報告又指,相信內地消費能力的進一步兩極分化將導致更大的分歧,看好以高端或注重銷量之內需股,因其能更好地迎合年輕及富有的單身消費者。該行補充,今年至今內地必需品消費股及耐用品消費股之股價分別累升6%及跌4%,估值分別達到10年高位及跌至2017年的水平,建議趁機吸納合理估值的相關股,加上宏觀經濟因素,看好百威亞太(01876.HK)、潤啤(00291.HK)、李寧(02331.HK)、安踏(02020.HK)、滔搏(06110.HK)及申洲(02313.HK)。
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