埃斯頓股票討論區

東吳證券看好工業機器人行業，推薦埃斯頓和埃夫特兩家龍頭企業。但也提醒投資者關注行業競爭增劇、下游需求波動以及國產替代進程可能不及預期的風險。

$匯川技術(300124.SZ)$$埃斯頓(002747.SZ)$
UOB KH has a buy call on Inovance and tp of RMB82.00, now pegged to 38.3x 2024F PE, on a par with its historical forward mean.
They believe Inovance as the leader among domestic automation player will benefit the most from the on-going import substitution trend. We also expect Inovance to benefit more from the recovery in broader economy, given their larger exposure to end-markets such as property, semi and consumer electroni...

$滬深300(000300.SH)$$iShares MSCI China A ETF(CNYA.US)$
UOB KH report.
MSCI China now trades at an undemanding 12-month forward PE of 10.2x, or a 37.0% discount to Emerging Asia. This steep discount is unwarranted and they expect valuation to normalise in 2H23, backed by additional policy support. However, a significant rerating is only possible if credit growth accelerates; hence, their index target is at 74 points for now, implying 12.0x target PE. They prefer exposure to automobiles, co...