Lates News

CITIC Securities research report pointed out that the following factors will determine the trend of the third quarter market: in terms of fundamentals, AI computing power still maintains a relatively high level of prosperity. It is worth paying attention to corporate performance and overseas financial reports. At the same time, under the pressure of macroeconomic conditions since April, the economic measures announced at the July political bureau meeting are particularly important. In terms of liquidity, external disturbances have increased while internal conditions remain neutral. In terms of risk preference, geopolitical events and the listing of industry giants may cause short-term market fluctuations, and considering the global linkage effect of technology stocks, it is necessary to continue tracking the major overseas computing powers such as Japan, South Korea, and the United States. In terms of industry allocation, although the logic of AI computing power prosperity remains unchanged, fluctuations have intensified, so it is recommended to be cautious in chasing highs and layout on dips. The lithium battery sector is expected to enter the peak season, and demand for energy storage continues to pick up, providing opportunities for valuation recovery in new energy sectors. Dividends are expected to rebound from oversold levels, with relatively high cost-effectiveness in allocation. Key focus areas include: banks, coal, utilities, AI, optical modules, storage, chips, industrial metals, lithium battery materials (VC), etc.