逆向投资欧股将获长期回报

Core Insights - The European market is currently facing significant challenges due to geopolitical fluctuations, de-globalization trends, and the ongoing AI revolution, leading to performance divergence among countries, industries, and stocks [1] - There is a structural transformation occurring in Europe, presenting attractive opportunities for contrarian investors who can identify long-term profit potential in overlooked companies [1][2] Group 1: Investment Strategy - Focus on domestic-oriented companies that are likely to benefit from fiscal stimulus policies and long-term structural themes in healthcare, defense, finance, and construction [1] - Implement proactive and forward-looking investment strategies to navigate the uneven impacts of structural transformation, as winners and losers will vary significantly across different sectors and regions [1][2] Group 2: Opportunity Identification - Investors should capitalize on a broader "opportunities set" in the current volatile and differentiated market environment, emphasizing companies with strong fundamentals and long-term growth potential despite ongoing downward revisions in earnings expectations [2] - Identify mispriced stocks by looking for companies that have experienced significant price declines and earnings downgrades, but where the pace of earnings downgrades is slowing, indicating potential turning points [2] Group 3: Sector-Specific Insights - The food industry is undergoing a major transformation, with opportunities in food ingredient companies that are not yet fully recognized by the market, driven by a projected increase in diabetes cases [4] - In the construction materials sector, stricter building regulations and the urgent need for energy-efficient and climate-adaptive infrastructure are attracting substantial investments, with the EU allocating over €100 billion for energy efficiency projects from 2021 to 2027 [4] - The construction industry is expected to benefit from rising demand, particularly in addressing housing shortages in countries like France, Germany, and the UK [4] Group 4: Long-Term Investment Perspective - There are numerous attractive valuation opportunities in European stocks with structural advantages and solid fundamentals, emphasizing the importance of long-term thinking [4] - Investors need to be patient and maintain positions during market turbulence until company fundamentals and market sentiment realign, as a contrarian, bottom-up investment strategy is expected to yield significant long-term returns [4]