Group 1 - The core viewpoint of the report is that the A+H stock valuation premium strategy, which selects A+H stocks with a minimum premium of 10%, has shown strong returns, especially when the overall A+H premium narrows rapidly [1] - The latest results indicate that this investment strategy performs well even when the valuation gap widens or when the A-share market outperforms the Hong Kong stock market, with cumulative relative returns increasing from approximately 90% to 107.5% over the past two months [1] - The strong performance is attributed mainly to the rise in global metal prices and the recent renewal cycle in China's construction machinery sector, benefiting companies such as Luoyang Molybdenum, Zijin Mining, Sany Heavy Industry, and Weichai Power [1]
大行评级｜大和：材料及工业股跑赢，推动A+H股估值溢价策略累计相对回报近月提升
Ge Long Hui·2026-01-20 06:40