DR. PENG(SH:600804) Sou Hu Cai Jing·2025-04-27 22:38Group 1 - The market remains relatively stable, largely supported by major banks like Industrial and Commercial Bank of China and Agricultural Bank of China, which have reached historical highs and provide a sense of security to the overall market [1][3] - Despite the overall market stability, many individual stocks are struggling to recover from the gaps created by tariff issues, indicating a challenging journey ahead for these stocks [3][5] - The period around late April is particularly difficult for small-cap stocks due to earnings disclosures, with many stocks facing significant declines during this time [3][5] Group 2 - As May approaches, there is a sense of optimism that the earnings clouds may finally dissipate, yet investor sentiment remains cautious due to ongoing tariff uncertainties [5][7] - The saying "May is poor, June is bleak, and July will turn around" serves as a reminder that even with a new month, the market may still face turbulence [5][7] - In the medium to long term, the market's valuation advantage persists, indicating that the current level around 3300 points is not necessarily overvalued, with valuations oscillating between undervaluation and overvaluation [7]