Lates News

CITIC Securities stated that the current market trading is relatively active. From the perspective of various types of funds, the main initiators and drivers of this round of market trends are not individual investors, high-net-worth individuals, and corporate clients, but rather longer-term and more rational funds entering the market with higher enthusiasm. Therefore, the focus should continue to be on core industry trends, focusing on valuation and growth matching. In terms of investment direction, it is suggested to focus on industries such as innovative pharmaceuticals, resources, media, and defense industry that have real profits realization or strong industry trends; we also emphasize the importance of focusing on industries where supply growth is driven by domestic demand while China has or may have sustained pricing power externally, currently mainly concentrated in certain cyclical industries; September will see a series of consumer electronics product launches, so attention should be paid to advancements in AI and related devices on the terminal side. In general, the structural bull market is expected to continue, and the focus should be on industries with growth and valuation matching, such as innovative pharmaceuticals, resources, media, and defense industry; paying attention to "anti-concussion + going overseas" in chemical stocks and focusing on catalyzing the consumer electronics sector in September.