光大證券:市場上行可期 高股息及“科特估”值得長期關注
光大證券研報指出,等待三季度末的機會。當前市場估值處於低位,所面臨的風險因素相對偏小,預計未來市場的下行空間有限。9月份前後可能是市場上行的關鍵時間點,關注政策積極發力後經濟數據的邊際改善、地產企穩以及海外降息對我國貨幣政策掣肘。配置方向上,短期可繼續關注消費方向,中長期關注高股息及“科特估”。當前的市場環境下,高股息板塊值得長期配置,政策對於分紅也在積極引導,將會提振高股息板塊;“科特估”方面,國內科技產業當前整體估值明顯低於海外,中期來看存在顯著的重估空間,且發展新質生產力是當前政策對於國內經濟方向的重要指引,而“科特估”就是資本市場對於新質生產力的重要支持。
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