中信证券：政策二次集中发力，把握中期修复趋势

乌克兰总统泽连斯基：目前将俄罗斯军队赶出马里乌波尔将非常困难。土耳其发起帮助马里乌波尔受伤人员的提议，但这取决于普京的意愿。","multimedia":{"img_url":["https://n.sinaimg.cn/zhibo/404/w734h470/20220227/1c8d-8cb93d2e7c3bb79df2b71068d91481f4.png"]},"commentid":"live:finance-152-2616559:0","compere_id":0,"creator":"chencheng9@staff.sina.com","mender":"chencheng9@staff.sina.com","create_time":"2022-04-05 16:14:00","update_time":"2022-04-05 16:14:06","is_need_check":"0","check_time":"1970-01-01 08:00:01","check_status":"1","check_user":"","is_delete":0,"top_value":0,"is_focus":0,"source_content_id":"0","anchor_image_url":"","anchor":"直播员","ext":"{"stocks":[],"needPush":false,"needAIPush":false,"needCMSLink":true,"needCalender":false,"needProvince":"0","docurl":"https:\/\/finance.sina.com.cn\/7x24\/2022-04-05\/doc-imcwiwst0042672.shtml","docid":"mcwiwst0042672"}","old_live_cid":"0","tag":[{"id":"102","name":"国际"}],"like_nums":0,"comment_list":{"list":[],"total":0,"thread_show":0,"qreply":0,"qreply_show":0,"show":0},"docurl":"https://finance.sina.cn/7x24/2022-04-05/detail-imcwiwst0042672.d.html","rich_text_nick_to_url":[],"rich_text_nick_to_routeUri":[],"compere_info":""},{"id":2616558,"zhibo_id":152,"type":0,"rich_text":"【中信证券：政策二次集中发力，把握中期修复趋势】中信证券研报称，疫情意外影响稳增长节奏，二季度政策加码的紧迫性明显上升，预计稳增长政策从全面铺开转向集中发力，市场多项悲观预期先于基本面提前见底，二季度开始经济对市场的负面影响在减弱，建议把握二三季度中期修复的趋势性行情，坚定布局“两个低位”品种。具体包括：1）估值处于相对低位的品种，建议关注地产信用风险预期缓释后的优质开发商、物管和建材企业，现金流明显改善的通信运营商，新基建领域的智能电网及储能和受益“东数西算”的数据中心和云基础设施，具备新材料等新业务发力能力的精细化工企业。2）基本面预期处于相对低位的品种，重点关注受成本问题压制的中游制造在商品价格见顶后的配置机会，如智能汽车及零部件、光伏风电设备等，基本面预期仍处于低位的航空、酒店和百货商超。此外，近期可重点关注一季报有望超预期品种，建议聚焦在光伏、半导体、白酒、中药、建筑板块。