券商ETF（159842）飘红，已连续五日获资金净流入，机构：看好板块高性价比的估值修复机会

Group 1 - The core viewpoint is that the brokerage sector is experiencing a positive performance, with significant growth in self-operated business revenues and overall market recovery [2][3] - The brokerage ETF (159842) has seen a net inflow of over 300 million yuan in the past five days, indicating strong investor interest [2] - Major brokerages reported substantial year-on-year profit growth, with large brokerages seeing net profit increases of 62% and 56% respectively in the first nine months of 2025 [3] Group 2 - The self-operated business of 42 A-share listed brokerages achieved a net income of 186.857 billion yuan in the first three quarters, marking a 43.83% year-on-year increase [2] - Key changes observed in large brokerages include asset expansion, increased investment-driven growth, and a recovery in investment banking [3] - The current market environment is favorable for brokerages, with low valuations in both A and H shares, presenting opportunities for valuation recovery [3]