Core Viewpoint - UBS Securities analyst Meng Lei indicates that there are currently no signs of large-scale entry of individual investors into the A-share market, and does not believe that market sentiment is overheated. The heat in Chinese technology stocks has significantly increased, and if more fundamentals are realized, the market trend is expected to continue [1] Group 1: Market Sentiment and Trends - The A-share market is experiencing a notable increase in technology stock interest, with potential for further continuation if fundamentals improve [1] - There is a lack of significant movement of retail investors from bond funds and fixed-income products back to the stock market, suggesting that the "story of moving funds" has just begun to materialize [1] Group 2: Profit Growth and Market Dynamics - A-share profit growth is expected to accelerate in the second half of the year due to a low base, with an overall profit growth forecast of 6% for the year [1] - The current trading volume in the A-share market is relatively high, which is favorable for the outperformance of small-cap stocks, although marginal momentum may weaken [1] Group 3: Strategic Importance - The strategic importance of the A-share market has surpassed that of previous years, with a slow bull market likely to continue [1]
瑞银证券：A股市场情绪并未过热 若基本面兑现或助力科技股行情延续
智通财经网·2025-09-01 07:55