Zhongshan Securities: The market will focus more on the structural opportunities of performance.

Zhongshan Securities has released a research report indicating that after the recent rapid rebound in the market, it has shifted to a fluctuating state, which is fundamentally based on the Federal Reserve's TACO, along with non-farm payroll and employment data, trading on loose liquidity and interest rate cut expectations. For the market, the rebound in risk appetite and systematic repair driven by improvements in macro and micro liquidity since August may be nearing its end. Coupled with the upcoming concentrated disclosure of mid-term performance reports, the market will focus more on structural opportunities along the performance line. It is recommended to strategically allocate across three balanced lines: technological innovation, companies going abroad, and traditional undervaluation. Key attention should be paid to electronics, power equipment, chemical pharmaceuticals, non-ferrous metals, and coal.