Group 1 - The core viewpoint of the report indicates that the A-share market is experiencing a volatile trend with noticeable theme rotation, while defensive sectors like banking are performing well, and small-cap stocks represented by the CSI 2000 and Northbound 50 indices show signs of upward movement [1] - In the Hong Kong stock market, high-quality leading companies listed in both A and H shares are gaining attention, driven by profit effects and incremental capital, reflecting the structural growth potential of new consumption and new technology companies [1] - The report highlights that companies with strong fundamental growth are increasingly being recognized in the current market style, which places more weight on fundamentals [1] Group 2 - The company believes that many excellent firms are demonstrating strong operational resilience and growth capabilities amidst various fundamental factors, providing more selection opportunities for bottom-up stock picking [2] - The focus for future opportunities includes: first, leading companies in high-end manufacturing with global operational capabilities that can shift production from China to global markets; second, companies in the AI innovation upgrade space, such as smart terminals, consumer electronics, and data centers, which maintain strong profitability; third, investments in self-controllable sectors represented by semiconductor equipment and domestic computing power [2] - Despite existing uncertainties, the report asserts that the growth resilience exhibited by excellent companies based on their strengths offers relatively scarce certainty from a micro perspective [2]
优秀公司仍具成长韧性 淡水泉投资将三方面捕捉市场机会
Zheng Quan Ri Bao Wang·2025-06-04 10:45