东亚银行(0023.HK)维持恒生指数今年底目标水平于26000点不变，并维持恒指今年预测市盈率目标于11.3倍。
东亚银行发表报告指出，基于中国第二季主要宏观经济数据表现不俗，加上市场目前对恒指今年的盈利预测仍属保守，认为中资股上半年的业绩可为市场带来上行惊喜，从而激发新一波盈利预测上调行情。然而，下半年国内经济增长动能因出口放缓、消费同比高基数、楼市复苏乏力等问题，料面临一定程度考验。而电商平台、汽车等行业则可能会受到更严峻的价格竞争或新业务投资激增，导致未来数季利润率受压。该行维持恒指今年盈利预测于2300港元，相当于同比增长约7%。
估值方面，截至6月30日，恒指的未来12个月预测市盈率为10.8倍，与过去5年平均值相若。受惠于中美初步达成贸易协议、内地AI科技产业技术突破、香港资金流动性持续充裕等利好因素，依然相信港A股市可延续估值修复趋势，但潜在上修空间已较前期收窄。
东亚预期，支撑港A股市的财政刺激逐步退坡，政策将更聚焦于经济结构调整与转型，利好保障型及服务型消费板块。国内保险企业调高权益资产配置比例上限，料继续增配港A股票，中长线看好高息价值股；预期港A股市可延续估值修复趋势，但潜在上修空间已较前期收窄。该行看好人工智能概念、服务及体验式消费、券商和原材料板块的中资股。
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