中信证券：四季度或为红利股布局关键时点

Group 1 - The core viewpoint is that the fourth quarter of 2025 may be a critical time for bottom-fishing in dividend stocks to achieve excess returns, as current pessimistic expectations may have been fully reflected in the fundamentals [1] - The report highlights that leading companies in the A-share highway sector have returned to a dividend yield of around 5%, indicating potential investment opportunities [1] - There is an emphasis on the need to pay attention to valuation stabilization and the shift in investment styles, as well as the demand for steady allocation of incremental funds [1] Group 2 - The formation of a MACD golden cross signal suggests that certain stocks are experiencing a positive upward trend [2]