广发证券：业绩持续修复提升吸引力 建议关注非银板块

Group 1: Securities Sector - The current valuation of the securities industry has seen some recovery, with a noticeable increase in market activity [1] - M&A events are attracting new capital attention, indicating a heightened sensitivity to favorable industry policies [1] - There is potential for further valuation recovery in the industry, with an initial market expectation repair suggesting a focus on brokerage firms and securities IT performance and valuation elasticity [1] Group 2: Insurance Sector - The third-quarter reports have been released, showing overall performance exceeding expectations, with profits doubling in the third quarter [1] - The growth rate of value continues to expand, and the central bank's buyout-style reverse repos are expected to boost the equity market and long-term interest rates [1] - Insurance stock valuations are likely to continue rising, and there is a recommendation to actively monitor the insurance sector [1]