證(zheng)券時報網(wang)訊，東興證(zheng)券研報指出，長期(qi)看好(hao)銀(yin)行(xing)(xing)(xing)板(ban)(ban)塊配置(zhi)價值(zhi)(zhi)，短期(qi)關注(zhu)業績(ji)彈性(xing)標(biao)的(de)(de)。1）利率中(zhong)樞(shu)下行(xing)(xing)(xing)趨勢(shi)之下，繼續看好(hao)高(gao)股息紅(hong)利資(zi)產配置(zhi)價值(zhi)(zhi)。銀(yin)行(xing)(xing)(xing)雖然經營景氣度偏(pian)弱(ruo)，但估(gu)值(zhi)(zhi)低、股息率高(gao)，具有類固收(shou)(shou)的(de)(de)特(te)征。2）板(ban)(ban)塊估(gu)值(zhi)(zhi)溢價有所收(shou)(shou)斂(lian)，下半(ban)年(nian)建議(yi)關注(zhu)業績(ji)確(que)定(ding)性(xing)銀(yin)行(xing)(xing)(xing)估(gu)值(zhi)(zhi)修復機會。近幾(ji)年(nian)上市銀(yin)行(xing)(xing)(xing)板(ban)(ban)塊內估(gu)值(zhi)(zhi)收(shou)(shou)斂(lian)較多，PB—ROE曲(qu)線逐漸(jian)平(ping)坦化(hua)。考慮當前銀(yin)行(xing)(xing)(xing)板(ban)(ban)塊內業績(ji)分化(hua)，以及從資(zi)金(jin)層(ceng)面(mian)來(lai)看，以險資(zi)為代(dai)表的(de)(de)絕對(dui)收(shou)(shou)益考核資(zi)金(jin)存(cun)在止(zhi)盈訴求，建議(yi)關注(zhu)業績(ji)確(que)定(ding)性(xing)領先的(de)(de)部分城農(nong)商行(xing)(xing)(xing)。