“健康牛”：以景气为锚作扩散

Group 1 - The market has entered a rotation and diffusion phase, which is expected to continue in the near future [1][2] - Investment effectiveness is improving as the market shifts its focus towards economic conditions and industry trends [1][2] - The report suggests five key areas for investment: Hong Kong internet stocks, innovative pharmaceuticals, breakthroughs in new energy technology, new consumption, and cyclical industries driven by multiple catalysts [1][2] Group 2 - The report indicates that the market is looking for signs of economic improvement as it approaches the earnings season [1][2] - The sentiment towards innovative pharmaceuticals has fully digested, leading to a revaluation driven by business development and commercialization [1][2] - New consumption is highlighted as having high odds, with seasonal catalysts expected to enhance success rates [1][2]