【东方有色钢铁】周观点 | 重点关注盈利稳定、高分红的电解铝板块投资机会

金属洋流
03 Jul

团队成员:刘洋 | 李一涛核心观点部分投资者的担心:下游需求不及预期,影响企业短期盈利能力。此前有部分投资者认为,电解铝与铝加工板块一方面受此前中美贸易战及关税影响,后续出口或存在较大的下行压力;另一方面受地产增速下行拖累,以及光伏抢装影响,也对未来下游需求产生担忧,最终影响企业盈利能力,因而回避电解铝及铝加工相关板块。我们不同的观点:短期需求侧无忧,中期投资更关注供给侧逻辑。库存作为供需平衡的...

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