展望2026年,我们认为内需与出海均有结构性布局的机会,其中:(一)内需主线:政策面与基本面共振向上,看好新服务新零售2025年底政策定调促内需以及CPI转正,在此背景下,我们建议重视商社相关子板块基本面的边际变化,尤其是龙头企业有望率先且充分受益政策刺激,基本面改善以逐渐消化估值,有共振向上的投资机会。其中:(1)已展现价增潜力的子板块,关注量的修复酒店:休闲需求强劲,供给结构优化,价格持平微增...
Source Link展望2026年,我们认为内需与出海均有结构性布局的机会,其中:(一)内需主线:政策面与基本面共振向上,看好新服务新零售2025年底政策定调促内需以及CPI转正,在此背景下,我们建议重视商社相关子板块基本面的边际变化,尤其是龙头企业有望率先且充分受益政策刺激,基本面改善以逐渐消化估值,有共振向上的投资机会。其中:(1)已展现价增潜力的子板块,关注量的修复酒店:休闲需求强劲,供给结构优化,价格持平微增...
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