东方财富证券：把握券商“价值修复”与“成长兑现”的双重机遇

智通财经02-27

智通财经APP获悉，东方财富证券发布研报称，当前估值、政策、宏观因素以更具内生稳定性的新形态再度共振，新一轮行情的启动条件已经具备。根据PB-ROE 框架，券商板块静态显著低估，动态具备向上期权。板块的配置逻辑可概括为“下有三重底保护，上有盈利与估值双修复空间”。个股方面，建议关注两条配置主线：第一条主线是价值修复，优选ROE 持续抬升、杠杆利用率高、安全边际充足的综合头部。第二条主线是成长兑现，...

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