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债股收益差波动仍指示板块存在阶段机会
债股收益差波动仍指示板块存在阶段机会
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所属报告:
家用电器行业:疫情景气度持续偏低中期期待业绩回升-220530(37页).pdf
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随着 2022 年 4 月底以来,国债减家电股息率收益差再次波动至-2 倍标准差,我们认为家电龙头企业的性价比更为凸显,而原材料价格因素已经在板块近期表现中充分反映,在家电具备长期成长空间的情况下,更新需求叠加成本上升带来均价普遍上升,行业竞争格局较优、品牌影响力更强的企业在均价提升的情况下消费者偏好度提升,表现或能好于行业。
行业数据
原图定位
当前图表所属:
家用电器行业:疫情景气度持续偏低中期期待业绩回升-220530(37页).pdf
家电出口也自高点回落,2021年11月以来同比表现并不强
2022年3月以来,家电零售需求表现偏弱
2022年以来(2022年4月29日至5月20日),家电板块(申万)涨幅居于市场中上游
部分标的汇兑损益及外汇合约损益(单位:亿元)
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