智通财经APP获悉，高盛中国股票策略分析师付思表示，中国股市正在迈入新的增长周期。人工智能(AI)、“反内卷”趋势以及中国企业出海三大因素，将成为未来推动中资企业盈利增长的主要动力。
高盛预计，在2027年底前，A股与H股指数有望取得约30%的潜在回报。这一预测基于12%的年复合盈利增长率，以及5%至10%的市盈率(PE)扩张空间。
今年以来，中资科技股显著上涨，尤其是与AI相关的板块表现突出。付思指出，此轮上涨主要来自市场对未来预期的改善，以及情绪带动下估值的上升。目前科技板块整体估值仍具有吸引力，但她强调，明年市场关注点可能将从情绪与预期转向企业基本面表现，估值能否进一步上升将取决于盈利的实际兑现。
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