Core Viewpoint - The recent rotation in sectors such as military and pharmaceuticals has led the Shanghai Composite Index to briefly surpass the 3600-point mark, indicating a positive market trend [1] Sector Analysis - The current market conditions suggest that sectors like non-ferrous metals, ultra-high voltage, and power equipment are at relatively low valuation levels while exhibiting better growth potential [1] - For the second half of the year, technology growth sectors, particularly semiconductor equipment and materials, as well as the STAR Market, present significant investment opportunities [1] - However, for certain industries with absolute low valuations, the recovery of valuations depends on multiple factors improving, indicating that low valuations alone are not sufficient for generating excess returns [1]
看估值更看成长性 四类资产投资机遇值得重视
Zhong Guo Zheng Quan Bao·2025-08-04 22:42