《大行》交银国际建议把握高股息主线 关注国有行和招行(03968.HK) 内险荐平安(02318.HK)等

阿斯达克财经
Jun 05, 2025

交银国际发表报告,预计中资金融股高股息策略的支撑因素进一步强化,建议把握高股息主线。该行认为支撑高股息策略的核心因素仍然成立,特朗普政府的关税政策及其高不确定性加剧了经济和资本市场波动,使得高股息资产的吸引力进一步凸显。从盈利预期来看,该行预计2025年证券行业(按年增长20%)>银行业(保持平稳)>保险行业(高基数上有小幅下降压力)。从估值水平来看,证券板块估值处于偏低水平,预计在盈利较好增速的...

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