汇丰环球研究指,内地推动的经济刺激不足以扭转建筑材料需求。纵使相信潜在的刺激政策有助放缓建筑材料需求下跌,包括水泥、钢铁及玻璃,但假设房地产需求不回复至2019年水平,多年下跌趋势仍会继续,持续的供过于求问题或不会在目前刺激政策下改变,亦不预期有关股份盈利显著改善,尤其是钢铁及玻璃行业。该行以较历史平均市账率低1个标准差作为估值。在有关股份过去一个月升逾四成后,认为钢铁及玻璃股估值已合理,下调鞍钢...
Source Link汇丰环球研究指,内地推动的经济刺激不足以扭转建筑材料需求。纵使相信潜在的刺激政策有助放缓建筑材料需求下跌,包括水泥、钢铁及玻璃,但假设房地产需求不回复至2019年水平,多年下跌趋势仍会继续,持续的供过于求问题或不会在目前刺激政策下改变,亦不预期有关股份盈利显著改善,尤其是钢铁及玻璃行业。该行以较历史平均市账率低1个标准差作为估值。在有关股份过去一个月升逾四成后,认为钢铁及玻璃股估值已合理,下调鞍钢...
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