Guangda Securities: Chinese assets still have relatively high attractiveness. The market style in August may lean towards the cyclical stocks.

Guangda Securities research report states that looking into the future, there are still some expectations gaps in the market, such as the sustainability of short-term fundamentals improvement, the continuous inflow of funds, and opportunities brought by the development of emerging industries. Therefore, we believe that the market will start the next phase of an upward trend in the second half of the year and is expected to break through the temporary high point in the second half of 2024. It is predicted that the market style in August will lean towards the cyclical sector, and from the perspective of a five-dimensional industry comparison framework, we should pay attention to industries such as home appliances, non-financial, electricity, and equipment.