Brokerage Morning Meeting Highlights | Individual intelligent undervalued stocks are attracting attention.

Yesterday, the market fluctuated and rebounded throughout the day, with the ChiNext Index leading the gains. The total turnover of the Shanghai and Shenzhen stock markets was 1.19 trillion, an increase of 175.5 billion from the previous trading day. In terms of sectors, sectors such as unmanned vehicles, digital currency, software development, and innovative drugs saw the biggest gains, while sectors such as gold, glyphosate, food, and banks saw the biggest declines. At the close, the Shanghai Composite Index rose by 0.7%, the Shenzhen Component Index rose by 1.24%, and the ChiNext Index rose by 1.37%. At today's morning meeting of securities firms, China Securities Co., Ltd. stated that undervalued targets in the field of humanoid intelligence are receiving attention; CICC believes that the micro-plate style may still have structural opportunities in the future but the strength and sustainability of advantages may weaken; Huatai believes that Hong Kong stocks are poised for revaluation and A-share core assets are also expected to benefit. China Securities Co., Ltd.: Undervalued targets in the field of humanoid intelligence are receiving attention China Securities Co., Ltd. stated that Siasun Robot & Automation is an important carrier for the application of artificial intelligence, and manufacturers of Siasun Robot & Automation are continuously exploring in various dimensions such as humanoid large models, software and hardware architecture, data collection, and scene implementation, actively promoting the commercialization of humanoid Siasun Robot & Automation. It is suggested to actively monitor the progress of the industrial chain. The market's focus on the application scenarios of Siasun Robot & Automation has increased this week, with clear demand for Siasun Robot & Automation in specific scenarios such as logistics and medical care, suggesting a focus on related targets of AI-enabled intelligent development. In addition, it is recommended to explore investment opportunities beyond "humanoid" in the field of "AI + Siasun Robot & Automation", such as sensors, dexterous hands, robotic dogs, and exoskeletons, all of which do not rely on humanoid volume as a prerequisite and can be continuously validated with data. CICC: The micro-plate style may still have structural opportunities in the future, but the strength and sustainability of advantages may weaken CICC stated that looking into the future, the micro-plate style may show a weakening of marginal advantages and there may still be certain structural opportunities. Policy support for science and technology small and micro enterprises will continue to support liquidity expectations, but the diffusion effect of mergers and acquisitions dividends may gradually weaken; although the loose liquidity environment is favorable for high elasticity styles, funds may gradually shift towards profit differentiation, and investors will focus more on high-growth quality small and micro enterprises. The calendar effect shows a high probability of convergence in market intensity after May each year, combined with the pressure of mid-term performance verification, a general rally may be difficult to come by. Although the crowded signal in the micro-plate has not been triggered, caution should still be exercised against phased retracements caused by leveraged funds and emotional fluctuations. Overall, the micro-plate style may still have structural opportunities in the future, but the strength and sustainability of advantages may weaken. High elasticity styles bring higher volatility, and caution is needed against the weakening of calendar effects and style fluctuations, with a focus on high-certainty quality main themes such as specializing in innovative and emerging sectors. Huatai: Hong Kong stocks are poised for revaluation, and A-share core assets are also expected to benefit Huatai believes that the current easing of trade tensions and the potential for RMB appreciation may lead to a mid-term revaluation opportunity for RMB assets. The structural changes and cyclical improvements in Hong Kong stocks are expected to continue to attract global allocation-type funds, or further spill over to A shares. Core assets represented by A50 have improved ROE capabilities across cycles, as the broad fiscal expansion starting from 24Q3 transmits to credit and corporate profit after the further clearance of capacity in the second half of the year, inventory and capacity cycles are expected to resonate and rise. Considering the ample room for foreign capital replenishment, assets with high and stable ROE preferred by foreign investors are likely to benefit more, industries with foreign overweights and current allocation coefficients at low levels include food and beverage, home appliances, and pharmaceuticals. This article is reprinted from "Cai Lianshe", GMTEight Editor: Chen Xiaoyi.