金吾财讯 | 中泰国际表示，中美双方初步磋商超预期积极，短期有效缓解全球贸易紧张局势，料给予恒指短期上冲动能，不过，3月底恒指的水平已隐含美国对华约50%左右的累计关税预期，当前港股风险溢价已低于滚动两年平均一个标准偏差，估值不算太便宜，考虑到中美贸易磋商仍面临一定的潜在反复性，短期财政进一步发力的必要性也有下降，恒指或较难站稳24,000点以上。
后续关注：(1) 围绕关税豁免领域如出口、家电、消费电子有望反弹；(2) 科技板块：重点关注受惠政策支持的 AI 算力、半导体设备等自主可控领域。此外，互联网龙头即将公布业绩，财报催化机会也值得关注；(3) 港股本地股：港元流动性宽松，香港本地银行、公用事业及地产股或迎来估值修复。
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.
Comments