金吾财讯 | 华泰证券表示，2026年上半年，地产链消费建材的经营修复并非一帆风顺，2Q26原材料成本短周期快速上行，为龙头产品提价提供契机，但提价落地需要一定时间传导，叠加5-6月资金到位转弱，地产实物量如销售、新开工同比降幅继续扩大，整体需求延续走弱，各企业对“量”、“价”之间的权衡心态出现分歧，导致未能形成连续有效提价，剔除非经营性因素扰动后，多数个股经营同比表现较1Q26有所走弱。展望下半年，9月地缘冲突再起波澜，快速上升的上游能源价格或推动原材料成本第二次快速上行，为细分品类连续提价提供契机，但细分赛道出清程度不尽相同，龙头企业仍将在“量”“价”之间有着不同考量。该机构维持关注供给出清格局较好的防水板块，同时建议关注具备稀缺零售渠道、品牌力等Alpha的个股。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.