【中信证券：证券行业估值仍具备提升空间】金十数据11月14日讯，中信证券研报指出，证券行业在当前资金面回暖、政策面转向的环境下，有望凭借高成交额、高保证金规模和低业绩基数优势实现基本面环比与同比的显著改善，在牛市中前期有效展现超额收益。 截至2024年10月25日，证券板块当前A/H股估值位于2018年以来的52%/39%分位数，在2024年四季度业绩有望显著改善，2025年行业ROE可达5.2%的中性预期下，行业估值仍具备提升空间。围绕证券行业并购重组与国际化业务发展长期主线，推荐长期具备阿尔法属性的公司以及短期回撤空间有限且基本面稳定的公司。短期层面，建议关注2024年四季度有望凭借经纪业务和自营业务展现业绩弹性，且当前估值较为合理的公司。
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