金吾财讯 | 交银国际发布医药行业民营医疗服务板块研究，指当前时点关注投资民营医疗服务板块主要由于1)估值已跌至历史底部，业绩增速复苏可期；2)改革短期影响有望逐步出清，长期支持民营医疗服务大方向不改；3)人口结构变化是板块成长的关键长期驱动力。该行指，在民营医疗服务板块选择投资标的时，应同时关注短期业绩确定性和风险、长期成长能力、兼顾当前估值水平。该行对各专科的偏好排序：中医>肿瘤>眼科>口腔>妇产/辅助生殖>骨科/康复>美容。该行首次覆盖固生堂(02273/买入，目标价42.00港元)和锦欣生殖(01951/买入，目标价3.05港元)，看好细分赛道成长空间及标的作为各自赛道龙头的持续受益潜力；亦看好海吉亚医疗(06078/买入，目标价24.50港元)较高的内生增长能见度，以及新院区建成落地后的业绩增量贡献。
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