Brokerage Morning Meeting Highlights | Suggestions for the Consumer Sector: Focus on the Rise of Domestic Brands, Structural Opportunities such as AI + Consumption.

The market yesterday experienced a tumultuous adjustment, with all three major indexes opening and moving lower collectively. The turnover in the Shanghai and Shenzhen markets was 1.72 trillion RMB, a decrease of 49.3 billion RMB compared to the previous trading day. In terms of sectors, retail, education, dairy, and diversified financial sectors saw the biggest increases, while precious metals and film and television sectors saw the biggest declines. By the end of yesterday's trading, the Shanghai Composite Index fell by 1.11%, the Shenzhen Component Index fell by 1.51%, and the Growth Enterprise Index fell by 2.1%. At today's brokerage morning meeting, Huatai stated that in the consumption sector, it is advisable to focus on structural opportunities such as the rise of domestic brands, AI+ consumption, emotional consumption, and undervalued high dividend blue-chip stocks. China Securities Co., Ltd. pointed out that the Central Economic Work Conference emphasized "stabilizing the real estate market," showing a clear attitude towards stabilizing the property market. CICC released its outlook for 2026, continuing to have a positive view on the absolute and relative performance of bank stocks. Huatai: In the consumption sector, it is advisable to focus on structural opportunities such as the rise of domestic brands, AI+ consumption, emotional consumption, and undervalued high dividend blue-chip stocks. China Securities Co., Ltd.: The Central Economic Work Conference emphasized "stabilizing the real estate market," showing a clear attitude towards stabilizing the property market. CICC 2026 outlook: Continues to have a positive view on the absolute and relative performance of bank stocks. This article was reprinted from "Cailianshe" and edited by GMTEight: Jiang Yuanhua.