华创证券:券商业上半年积极演化 板块估值有望迎来实质性提升

智通财经
Sep 14
【华创证券:券商业上半年积极演化 板块估值有望迎来实质性提升】华创证券发布研报称,券商板块当前核心驱动在于“历史低估值+高交投底盘+负超额收敛”的共振修复:板块估值长周期处于历史绝对低分位,安全边际坚实且防守属性突出;此前板块跑输大盘幅度达历史罕见水平,当前负超额收敛的右侧拐点已经确立,后续补涨空间充沛;市场活跃度维持高位,带动经纪与信用业务持续放量,并增强了自营流动性储备,前三季度累计业绩高景气底色明确,叠加科创板硬科技项目浮盈兑现与境外平台重资本高增构筑的新增长极,行业长期盈利中枢有望上移,板块估值有望迎来实质性提升。

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