站在当下,我们更为坚定地看好银行板块正处于长牛修复的起点:2018年以来银行板块从“破净”到估值深度承压(最低0.49倍PB)再到当前行业整体仍仅约0.7倍PB,核心压制无外乎两点:“看不清的风险趋势”、“难以扭转的盈利下行”。相对乐观的是,这两点在当下都已“拨云见日”。不容忽视,银行板块价值回归的资金驱动力:1)“前所未有的低利率环境”是带动增量资金流向红利板块最直接驱动,银行板块性价比更优。...
Source Link站在当下,我们更为坚定地看好银行板块正处于长牛修复的起点:2018年以来银行板块从“破净”到估值深度承压(最低0.49倍PB)再到当前行业整体仍仅约0.7倍PB,核心压制无外乎两点:“看不清的风险趋势”、“难以扭转的盈利下行”。相对乐观的是,这两点在当下都已“拨云见日”。不容忽视,银行板块价值回归的资金驱动力:1)“前所未有的低利率环境”是带动增量资金流向红利板块最直接驱动,银行板块性价比更优。...
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