CSC Financial: Recommend seizing the current convertible bond allocation window and gradually increasing positions based on fluctuations in the price center.

CSC Research Report states that looking ahead to November, although there is uncertainty regarding increased volatility in equity assets in the short term, convertible bond assets with a median price of 125 yuan have already begun to offer allocation value. In the coming period, the supply-demand mismatch for convertible bond assets will persist, and the anchoring effect of historical valuations is limited. It is recommended to evaluate the investment value of convertible bond assets more from an absolute return perspective, gradually adjust risk exposure based on the allocation value of the assets, and appropriately reduce emphasis on predicting short-term trends in equity assets.