2023 年之前,日股表现一直不温不火,主要受到两大结构性问题困扰:通缩与企业治理不善,导致市场给予日股较低的估值。 日本股市今年有望延续增长,投资首选价值股主要因为:1、日企治理改革效应持续释放,短期提升 ROE 最直接的方法为减少权益部分,即增加回购、减少现金比例,这对坐拥庞大现金流的价值股更为适用。2、 价值股相对估值更有吸引力。3、现金净收益的角度来看,日本股市相比欧美股市更有吸引力,这由高分红的价值股来配合实现。
日股投资,首选价值股?
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