Essence of Morning Meetings of Securities Companies | The commercial aerospace industry is entering a golden age of dual efforts in demand and supply sides.

Yesterday, the market fluctuated and rebounded in the afternoon, with all three major indexes turning red collectively. The ChiNext Index showed a stronger trend. The turnover in the Shanghai and Shenzhen stock markets was 2.69 trillion, an increase of 910 billion from the previous trading day. On the market, hot spots quickly rotated, with over 3500 stocks rising. In terms of sectors, the commercial aerospace concept surged, with nearly twenty component stocks hitting the limit up, Juli Sling Co., Ltd. rose for two consecutive days, Shanghai Shunho New Materials Technology, Jiangsu Zhongchao Holding, and Western Metal Materials also hit the limit up. The Siasun Robot & Automation concept repeatedly strengthened, with Zhejiang Fulai New Material and Guangzhou Echom Sci. & Tech. Co. hitting the limit up. The oil and gas sector continued to be strong, with Geo-Jade Petroleum Corporation rising for two consecutive days. The coal sector performed actively, with Henan Dayou Energy hitting the limit up for two days. The PCB concept rapidly rose, with multiple stocks like Avary Holding hitting the limit up. In terms of declines, the insurance, semiconductor, and pharmaceutical sectors were at the forefront. Among them, the innovative drug concept collectively fell, Jiangsu Aidea Pharmaceutical Group and Wuhan Hvsen Biotechnology saw significant drops. At the close, the Shanghai Composite Index rose by 0.14%, the Shenzhen Component Index rose by 0.5%, and the ChiNext Index rose by 1.01%. At the morning meeting of securities firms today, Galaxy Securities believes that the commercial aerospace industry is entering a golden age of dual-sided demand and supply force; China Securities Co., Ltd. believes that the home appliance sector is expected to undergo a revaluation of value; Huatai believes that the easing of pressure on leading real estate companies will help stabilize expectations for a period. Galaxy Securities: Commercial aerospace industry is entering a golden age of dual-sided demand and supply force The commercial aerospace industry is thriving and entering a golden age of dual-sided demand and supply force. 1) Satellite launch: private rocket companies are developing rapidly, and the industry chain is transitioning from national aerospace to commercial aerospace. It is recommended to focus on component suppliers. 2) Satellite manufacturing: current low-orbit satellites are mainly concentrated in the infrastructure construction of space and ground segments, with a short-term focus on satellite manufacturing. Subsystems and materials in the upstream and midstream sectors that directly support satellite production are expected to benefit first. China Securities Co., Ltd.: Home appliance sector is expected to undergo a revaluation of value With policy support, the gradual increase in the proportion of patient capital insurance funds entering the market has a profound impact on the style of the A-share market in recent years. At the same time, the expansion application of OCI accounts can effectively smooth out fluctuations in the profit and loss statement, significantly enhancing the trend-oriented allocation demand for low-volatility stocks by insurance funds. The leading stocks in the home appliance sector have long possessed scarce advantages such as high dividends, stable growth, and low valuation, which deeply match the allocation logic of insurance OCI accounts; it is expected to fully absorb the continued inflow of insurance expansion funds and achieve a steady rise in the valuation center and a revaluation of value. Huatai: The easing of pressure on leading real estate companies helps stabilize expectations for a period The implementation of the debt repayment plan by leading real estate companies signifies a short-term relief of credit pressure in the market, coupled with the recent expectation of heated real estate policies, which may bring about opportunities for the valuation recovery of real estate stocks. Key recommendations: 1. "Three good" real estate stocks with "good credit, good cities, and good products"; 2. Real estate companies that rely on operational capabilities to control cash flow lifelines in market adjustments; 3. Hong Kong local real estate companies benefiting from the recovery of the Hong Kong market; 4. Property management companies benefiting from stable cash flow and dividend advantages. This article is reproduced from "Cailianshe", GMTEight Editor: Xu Wenqiang.