【华泰证券:三大维度筛选供给侧反转机会】 华泰证券研报从三大维度筛选供给侧反转机会,即从各行业的产能周期位置、需求景气变化、内部竞争格局三个维度,层层递进进行筛选,建议关注两类企业的投资机会:1)产能周期处于“底部”或“准底部”,需求有企稳或改善迹象,同时内部竞争格局清晰,龙头优势较为明显的行业,这类行业可能更快“困境反转”,有配置型机会,包括消费电子、调味发酵品、水泥、化学纤维、建筑装饰、化学制药、元件、橡胶;2)产能周期处于“困境位”,需求进一步恶化,同时内部竞争格局清晰,龙头优势明显的行业,这类行业更可能出现政策性或自发性的限产行为,若出现则有交易型机会,包括军工电子、光伏设备、专用设备。

金融界
12 Feb
华泰证券研报从三大维度筛选供给侧反转机会,即从各行业的产能周期位置、需求景气变化、内部竞争格局三个维度,层层递进进行筛选,建议关注两类企业的投资机会:1)产能周期处于“底部”或“准底部”,需求有企稳或改善迹象,同时内部竞争格局清晰,龙头优势较为明显的行业,这类行业可能更快“困境反转”,有配置型机会,包括消费电子、调味发酵品、水泥、化学纤维、建筑装饰、化学制药、元件、橡胶;2)产能周期处于“困境位”,需求进一步恶化,同时内部竞争格局清晰,龙头优势明显的行业,这类行业更可能出现政策性或自发性的限产行为,若出现则有交易型机会,包括军工电子、光伏设备、专用设备。

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