Group 1 - Morgan Stanley has included China National Materials (002080.SZ) in its focus list for China and Hong Kong, while removing PetroChina (00857) from the list [1] - The outlook for China National Materials is positive, driven by the booming development of artificial intelligence infrastructure and the demand for energy storage systems (ESS) in China, which significantly boosts the demand for key raw materials for printed circuit boards (PCB) [1] - China National Materials is expected to see a rebound in profitability and revenue from its battery separator business, with projected earnings growth of 101%, 63%, and 45% year-on-year from 2025 to 2027 [1] Group 2 - China Ping An (601318.SH) has been added to the focus list for A-shares, with Morgan Stanley suggesting a re-evaluation of its rating due to improving fundamentals [1] - The valuation for China Ping An's A-shares is considered attractive, with a projected price-to-book ratio of 1.1 times for the fiscal year 2026 and a dividend yield exceeding 4% [1] - The return on equity (ROE) for China Ping An is expected to be around 15% [1]

大摩又认为中国平安可获评级重估，认为该集团的基本面正在改善，其A股估值具有吸引力，约为2026 财年预测市净率1.1倍，且股息收益率超过4%，同时集团股本回报率(ROE)预计处于15%左右(mid-teen) 水平。 大摩认为，中材科技前景正面，包括人工智能基础设施建设蓬勃发展，而且受惠于中国储能系统(ESS) 需求和中国"十五五"规划，推动公司印刷电路板(PCB)关键原材料需求显著激增。中材科技目前在此领 域占据领先地位，预计集团的电池隔膜业务的盈利能力和收益将实现反弹。 大摩预计中材科技2025年至2027年盈利将分别实现101%、63%及45%同比增长。以2026年预测21.9倍市 盈率计算，估值具有吸引力。 智通财经APP获悉，摩根士丹利发布研报称，将中材科技(002080.SZ) 纳入中国及中国香港焦点名单， 并将中石油(00857) H股从名单移除；中国平安(601318.SH) 纳入中国A股主题焦点名单，并将中石油 (601857.SH)A股从名单移除。 ...