高盛刘劲津：利好因素继续支撑中资股国策支持下持续看好AI板块

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智通财经APP获悉，中资股今年表现亮眼，高盛中国首席股票策略分析师刘劲津接受专访时指，随着估值回到合理水平，慢牛行情下，中资股有望继续受到利好因素支撑，包括盈利增长、北水南下及美国减息等。他也表示，人工智能(AI)故事短中期仍主导市场，国策支持下，继续看好AI板块。至于DeepSeek时刻会否重现，他相信中国有机会再出现突破性的科技，只是中资科技股未必能重复今年初的升势。刘劲津表示，这个时刻对于...

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href=http://www.zhitongcaijing.com/content/detail/1379044.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，中资股今年表现亮眼，高盛中国首席股票策略分析师刘劲津接受专访时指，随着估值回到合理水平，慢牛行情下，中资股有望继续受到利好因素支撑，包括盈利增长、北水南下及美国减息等。他也表示，人工智能(AI)故事短中期仍主导市场，国策支持下，继续看好AI板块。至于DeepSeek时刻会否重现，他相信中国有机会再出现突破性的科技，只是中资科技股未必能重复今年初的升势。刘劲津表示，这个时刻对于...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1379044.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2750360641.GBP","symbol_name":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) 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policies","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GS":1.5},"content_text":"智通财经APP获悉，中资股今年表现亮眼，高盛中国首席股票策略分析师刘劲津接受专访时指，随着估值回到合理水平，慢牛行情下，中资股有望继续受到利好因素支撑，包括盈利增长、北水南下及美国减息等。他也表示，人工智能(AI)故事短中期仍主导市场，国策支持下，继续看好AI板块。至于DeepSeek时刻会否重现，他相信中国有机会再出现突破性的科技，只是中资科技股未必能重复今年初的升势。刘劲津表示，这个时刻对于市场的震撼力可能就没有今年2月那么大，因已有一个预期，还有股价已经升了那么多，尤其是AI板块。他指，AI引领的中资科技股为今年上升推手，由于AI涉及范围广泛，市场仍在探索AI对效率及盈利增长的拉动，资金普遍围绕半导体、数据中心等硬件，以及云和机器人等应用方面轮换。他建议在AI方面要维持均衡的组合，即使各个板块的节奏有不同，但相信整个生态系统会有不错的基本面增长。刘劲津预期，明年AI相关的科技领域盈利增长可达两成，选股须看资本开支及利用AI变现。他认为中国AI的资本开支具上行空间，因现时规模只占美国约两成，反映中国比较有秩序。他更有信心中资科技公司可能在应用场景或者变现上做得比美国更多，利好盈利。然而，科技日新月异，他指，“淘汰战是一个时间的问题，其实每个新科技出来，都是将旧的科技去更新，或者去做一个十大的洗牌”，更重要的是AI可以创造更加多商业机会，这会带动到广告、消费及其他各样开支，下一步的想象空间可以很大。刘劲津又指，今年中资股已累升约三成，这基本上来自估值修复，但当估值达到大约12、13倍的历史平均水平时，未来回报增长需靠盈利。“之后我们认为盈利会较今年有较大的反弹，今年大约有2%至3%左右的盈利增长，明年预期是14%，主因今年基数较低，AI、出海、反内卷主题将对于明年盈利有较大的提升”。他提到，过去一星期与欧洲投资者会面时，留意到大部分投资者对明年中资股预期并不高，但认同牛市趋势会持续。现时非美国投资者对中国股票的兴趣仍较高，新兴市场的投资者对中资股的仓位已升至“中性”。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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高盛刘劲津：利好因素继续支撑中资股 国策支持下持续看好AI板块

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高盛刘劲津：利好因素继续支撑中资股国策支持下持续看好AI板块