A-share pre-market report | US and Europe initiate new round of sanctions against Russia! International oil prices skyrocket, Chinese assets surge in the late night

Pre-market News 1. Central Heavyweight Clearing Setting! The Fourth Plenary Session Communique is Released, Ten Major Institutions Interpret: Focus on Four Major Tracks Type: Macro Emotional Impact: Positive The Communique of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China has been released. It proposes to accelerate high-level scientific and technological self-reliance, build a strong domestic market, and expand high-level opening to the outside world. CMSA points out that one to two weeks after the meeting is the period when the market is most likely to erupt. In the future, until the draft proposal is released, it is important to focus on commercial aerospace, deep-sea technology, the Belt and Road Initiative, and areas that may receive policy reinforcement in the fourth quarter. 2. The US and Europe Start a New Round of Sanctions against Russia, Involving the Oil Sector! International Crude Oil Prices Soar Type: Macro Emotional Impact: Neutral US Treasury Secretary Bensen announced sanctions against Russia's two largest oil companies and urged Russia and Ukraine to immediately cease fire. The EU also officially passed the 19th round of sanctions against Russia. International oil prices rose to a two-week high. WTI crude oil reached $62 per barrel, ultimately closing up 3.99%; Brent crude oil closed up 5.38% at $65.90 per barrel. 3. Foreign Investment Giants Speak Up, Optimistic about the Future Market! Chinese Assets Soar Overnight Type: Market Emotional Impact: Positive The three major indices closed up collectively overnight, with Chinese stocks performing well and the Nasdaq China Golden Dragon Index rising by 1.66%, while Alibaba rose more than 3%. Recently, many foreign investment giants such as Goldman Sachs, JPMorgan Chase, and Morgan Stanley have expressed optimism about the future market. Goldman Sachs believes that the Chinese stock market is entering a slow bull market, and major stock indices are expected to rise by about 30% by the end of 2027. 4. The EU Announces Sanctions against Chinese Companies in the 19th Round of Sanctions against Russia, Ministry of Commerce: Firmly Safeguard the Legal Rights and Interests of Chinese Enterprises Type: Macro Emotional Impact: Neutral The EU announced sanctions against Chinese companies in the 19th round of sanctions against Russia, including for the first time, large Chinese refineries and oil traders. A spokesperson for the Ministry of Commerce stated that the EU's actions violate the spirit of consensus of Chinese and European leaders, seriously undermine the overall situation of Sino-European economic and trade cooperation, and impact global energy security. China will take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises, as well as its own energy security and economic development. Investment Calendar Introduction and Interpretation Seminar of the Spirit of the Fourth Plenary Session Investment Tips Investment Tips: Investment is a rational decision based on value, while speculation is a gamble based on price. True investors should focus on the intrinsic value of a company, rather than short-term price fluctuations. "Margin of Safety" by Seth Klarman Institutional Perspectives 1. Tianfeng: At present, the valuation of cyclical sectors such as finance is at historically low levels, providing a margin of safety and switching space. 2. Debon Securities: Volume contraction reflects market risk aversion. In the short term, value sectors represented by dividends may continue to dominate. 3. Orient: The lack of momentum in the main funds has led to narrow-range fluctuations becoming the norm, with the market waiting for a breakthrough opportunity. Positive and Negative Prospects 1. Storage Chip "Super Cycle" Accelerates: Samsung, SK Hynix Raise Prices by 30% Type: Institutional Hot Comment Jianghai Securities: Spot NAND and DRAM resources are in short supply, and storage prices are collectively rising strongly. It continues to be optimistic about the HBM industry chain benefiting from the rapid development of advanced computing chips, as well as the semiconductor cycle recovery represented by storage. 2. Alibaba's First Self-Developed AI Glasses Begin Pre-Sale, Institutions Bullish on Industry with a Market Space of Hundreds of Billions Type: Market Hot Discussion Guotai Haitong: Benchmarking against the annual shipments of smartphones and traditional glasses in the tens of billions, AI glasses reshaping the logic of the smart glasses industry is expected to propel the industry into an explosive turning point. By 2025, the sales of AI glasses in the Chinese market are expected to increase by 188%, with the potential to open up a market space of hundreds of billions. 3. New Breakthrough in China's Quantum Communication Field, Institutions believe Quantum Technology will Accelerate Industrialization Type: Market Hot Discussion Orient: Research in the field of quantum science has won the 2025 Nobel Prize in Physics, which is expected to further increase the attention to quantum technology industries including quantum computing, quantum communication, and quantum measurement, accelerating their industrialization process. Announcement Express Slightly Positive Announcements 1. Kunshan Kinglai Hygienic Materials: Subsidiaries plan to invest 2 billion yuan in the semiconductor core components project 2. Tianjin You Fa Steel Pipe Group Stock: Net profit for the third quarter increased by 2320.53% year-on-year 3. North Navigation Control Technology: Net profit for the third quarter increased by 1681.27% year-on-year Slightly Negative Announcements 1. Beijing Hotgen Biotech Co., Ltd: Net loss of 109 million yuan in the first three quarters 2. Qingdao Yunlu Advanced Materials Technology: Shareholder Guo Keyun plans to reduce his holdings by no more than 3% 3. Ningbo Peacebird Fashion: Net profit loss of 49.45 million yuan in the third quarter Overseas Markets Self-selected Brother's Reminder: Market awaits inflation data, US stocks closed up collectively with the three major indices rising, and the Nasdaq rose by nearly 1%. Large-cap tech stocks rose across the board, with Nvidia rising by over 1% and Tesla rising by 2.28%; popular Chinese concept stocks also rose, with Alibaba up by 3.64% and Baidu up by 2.95%. This article is reprinted from Tencent Self-selected Stocks, GMTEight Editor: Chen Xiaoyi.