国金证券：A股第三轮重估渐行渐近 建议关注三类资产

Core Viewpoint - The report from Guojin Securities indicates that A-shares experienced a slight adjustment in early September, but a third round of revaluation driven by fundamentals is approaching [1] Investment Recommendations - For current investors, there is no need to rush to exit the market as the recent rise is supported by global liquidity, long-term valuation recovery, and short-term catalysts [1] - For potential investors, it is advised to remain patient and wait for a better entry point, as future market performance will depend on sustained economic improvement [1] - In the face of potential market declines, there is no need for panic, as systemic risks are gradually being resolved and the market bottom is rising with long-term capital entering [1] Suggested Investment Directions - Focus on three types of assets: 1) High dividend assets, physical assets, and gold to address uncertainties from global stagflation [1] 2) Technology sector to capture hopes of breaking through economic stagnation [1] 3) Unique structural opportunities in China's transformation, particularly high-quality companies with competitive advantages in overseas expansion, industrial upgrading, and lower-tier consumption [1]