Group 1 - The core viewpoint is that after the tariff "storm" settles, A-shares are expected to recover, while Hong Kong stocks may undergo adjustments, and US stocks are likely to repair [2] - The performance of core assets has shown strong operational resilience, indicating that the opportunity for left-side layout has matured [2] - The market is transitioning from "speculating on expectations" to focusing on performance verification, with increased attention on A-share quarterly reports [3] Group 2 - The short-term outlook for A-shares is a period of adjustment, with performance certainty becoming the main driver for excess returns [4] - April is expected to be dominated by fundamentals, with opportunities across growth, consumption, and cyclical sectors [5] - The focus for the second quarter should be on verifying the recovery of real estate and consumption [6] Group 3 - The Hong Kong market is expected to continue its volatile trend, with three main investment themes: improving performance in the consumer sector, strong expectations for technology sector performance, and attractive high-dividend strategies [7] - The market's focus has shifted from technology narratives to the economy itself, with potential new opportunities arising from trade pattern restructuring [9] - The emphasis is on sectors benefiting from financial and consumption dividends, with a focus on state-owned enterprise restructuring and large financial institutions [10]
十大机构看后市：四月基本面主导 关税“风暴”落地后预计A股回暖
Xin Lang Zheng Quan·2025-03-30 10:00