Sou Hu Cai Jing·2025-07-01 21:01Core Viewpoint - The article discusses the recent recommendations from brokerages for July's "golden stocks," highlighting the underlying logic and potential investment opportunities for ordinary investors [1][3]. Group 1: Popular Stocks - Kying Network is favored by five brokerages, making it the most recommended stock for the month; Zijin Mining, Huadian Technology, and Muyuan Foods follow closely with four recommendations each [3]. - The selection of these stocks reflects a diverse range of industries, including gaming, mining, PCB manufacturing, and agriculture, indicating a broad interest from brokerages [3]. Group 2: Key Selection Criteria - The first criterion is industry prosperity, with Kying Network benefiting from an increase in game licenses and the release of popular titles, while Huadian Technology sees a surge in demand for PCB boards due to 5G and automotive electronics [3][4]. - The second criterion focuses on policy benefits, particularly in sectors like semiconductors and new energy vehicles, where domestic and global trends favor local companies [4]. - The third criterion emphasizes the importance of a company's competitive advantage or "moat," with Zijin Mining having significant copper reserves and cost control, and Huadian Technology holding over 20% market share in high-end PCBs [4]. Group 3: Stock Selection Methodology - The article suggests a three-step approach for investors to filter the recommended stocks: 1. Monitor changes in institutional holdings, such as Kying Network's increase from 8% to 15% in fund holdings [4]. 2. Assess order fulfillment rates, with Huadian Technology reporting a 40% year-on-year increase in new orders [4]. 3. Evaluate free cash flow rates, as evidenced by Zijin Mining's 35% year-on-year increase in operating cash flow [4]. Group 4: Market Outlook - The market is expected to experience initial fluctuations followed by a potential breakthrough, with short-term funds engaging in high-frequency trading within popular sectors while long-term funds adjust their portfolios [5]. - The article emphasizes the importance of selecting stocks based on industry trends, company quality, and reasonable pricing, particularly focusing on semiconductor localization, new energy exports, and consumer recovery [5].