Sou Hu Cai Jing·2025-11-03 20:42Group 1 - A-shares are expected to open around 3954 points, with a potential closing at approximately 3985 points, indicating a V-shaped market reversal [1] - The consumer sector has seen significant gains, with leading liquor company Moutai's stock price stabilizing at 1800 yuan, a 20% increase compared to 1500 yuan last year, and tourism stocks like China Duty Free rebounding by 30% from their lows [1] - Since October, foreign capital inflow has exceeded 10 billion yuan, supported by favorable policies and a consumer recovery theme [1] Group 2 - The overall valuation of A-shares is considered reasonable, with the PE ratio of the CSI 300 at approximately 12 times, compared to a high of 15 times in 2021, suggesting room for growth [3] - Recent data indicates that main funds have shown a preference for consumer stocks, with the food and beverage index rising by 8% this month, while technology stocks have underperformed, indicating a shift in investment focus [3] - Policies promoting consumption, such as subsidies for rural car purchases and price cuts in the new energy vehicle sector, are expected to stimulate sales, reflecting economic recovery [3]