私募机构调研热情持续攀升

Core Insights - The enthusiasm of private equity institutions for researching A-share listed companies has significantly increased in October, with a notable rise in the number of participating institutions, covered stocks, and overall research frequency compared to September [1] Group 1: Research Participation - In October, 1,072 private equity institutions participated in research, covering 549 listed companies across 29 Shenwan primary industries, with a total of 5,242 research instances, representing an 87.95% month-on-month increase from September's 2,789 instances [1] - Among the participating institutions, 49 billion-level private equity institutions also saw a significant increase in research activity, with their research instances rising by over 70% [1] Group 2: Market Drivers - The increase in research activity is driven by two main factors: the market's phase adjustment at the end of September, which provided a favorable allocation window due to valuation declines, and the concentrated disclosure period of Q3 reports, making company performance a focal point for private equity institutions [1] Group 3: Industry Focus - The electronic, pharmaceutical, and electric equipment sectors emerged as the top three areas of interest for private equity institutions, each receiving over 700 research instances [1] - The electronic industry has maintained its position as the most researched sector for several months, driven by the acceleration of domestic substitution in the semiconductor industry and the initiation of the consumer electronics innovation cycle [2] - The pharmaceutical industry is favored for its diverse individual stocks and broad subfields, allowing for a diversified investment approach by private equity institutions [2] - The electric equipment sector benefits from the continuous growth in new energy installations, with stable performance from upstream and downstream enterprises, attracting intensive research to verify production capacity and order status [2] Group 4: Active Institutions - Among the participating private equity institutions, 137 conducted at least 10 research instances in October, with Shenzhen Shangcheng Yipin Asset Management Co., Ltd. and Guangdong Zhengyuan Private Fund Management Co., Ltd. being the most active, each exceeding 100 research instances in a single month [2]