传媒互联网产业行业研究:重估海外中国资产的情绪浓烈

国金证券
Sep 14, 2025

本周观点海外中国资产中报季的高潮和重估:教育:景气略有承压。K12 教培行业由于中小机构供给增加,竞争边际加剧,龙头阿尔法能力逐渐趋稳。本周宇华教育旗下湖南涉外经济学院(民办普通本科)获批开展营利性民办学校分类登记,带动港股高教板块估值修复。奢侈品:宏观经济压力仍在,聚焦超高端客群的爱马仕以及以高级珠宝为核心的历峰集团表现相对较好。本周阿玛尼遗嘱曝光,要求继承人18 个月内将公司15%股份出售给...

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