海通国际张忆东:9月逢低布局正当时,看好中国硬核资产和AI科技行情

智通财经
Sep 10
【海通国际张忆东:9月逢低布局正当时,看好中国硬核资产和AI科技行情】9月10日,由证券时报社主办的“2026金融机构年会暨证券业投资银行论坛”在深圳举行。海通国际证券执委会委员、股票研究部主管及首席经济学家张忆东在主题演讲中展望表示,一方面,继续看好AI科技行情的基本面,看好中国经济新动能,中国股市特别是A股当前配置吸引力高;另一方面,海外资金面9月份有望否极泰来,美债10年期收益率冲到5%左右之后有望回落,中国政策面特别是股市政策有望更加积极,因此,9月将迎来反转向上,建议9月逢低布局秋季行情。不过他也谈到,未来数月的行情,更聚焦在业绩内生成长或外延式增长的投资逻辑的有序扩散,而不是当年估值修复为主的暴涨行情。张忆东表示,秋季行情将是从AI硬件行情进一步扩散,应拥抱以AI应用赋能千行百业为主导的新投资逻辑,沿两条主线展开行情:一是TMT行情聚焦“分化”,既包括从主题投资走向业绩验证,也包括AI产业逻辑从侧重基础设施转向侧重应用;二是“非AI科技”方向扩散,资源、能源、农业、金融等非AI科技行业的硬核资产有望“老树开新花”,地方国企围绕“资本市场投融资改革+地方政府化债”而迎来并购重组或资产注入的外延式增长,都将实现价值重估。

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