Huatai Securities: It is recommended to focus on stable high-dividend stocks with defensive characteristics and some high-dividend stocks with growth potential.

Huatai Securities pointed out that in January, the market's risk preference continued to decline, with high dividend stocks performing better overall than in December. The cyclical high dividend sectors such as petroleum and petrochemicals, coal, and steel performed relatively well. Looking ahead to February, Huatai Securities believes that as market volatility begins to increase, overseas long-term US bond rates and the US dollar index are rebounding. The value of high dividend stocks has marginally increased compared to the previous month, and they recommend focusing on stable high dividend stocks with defensive attributes and some potential high dividend stocks for allocation.