挖掘现金流可持续增长带来的投资机会

Core Insights - The article emphasizes the importance of sustainable future cash flow as a key investment principle, focusing on sectors that are expected to benefit from this trend [1][2][3] Investment Focus Areas - The internet sector is highlighted as a key area due to its increasing reliance in work, study, and daily life, which provides a stable cash flow advantage [3][4] - The innovative pharmaceutical sector is noted for its potential cash flow stability, driven by overseas companies acquiring early-stage options for innovative drugs in China [4] - The shipping industry is seen as benefiting from global trade volumes, with increased activity through transshipment trade contributing to cash flow [4] - The export chain is identified as a sector with significant potential, as domestic companies can leverage nominal growth in overseas markets while maintaining cost advantages [4] Investment Strategy - The investment strategy involves a balanced industry allocation with slight tilts towards favored sectors, while also seeking undervalued opportunities that have not yet been recognized by the market [2][3] - Valuation is a primary consideration in selecting specific stocks, with a focus on ensuring that performance growth aligns with current valuations [3]