Group 1 - The core theme of the event was "Breaking the Deadlock and Restructuring," focusing on investment strategies for the A-share market in 2026 [1] - The investment strategy emphasizes entering industries that are not yet popular, rather than crowding into high-growth sectors [1] - The main investment focus for the year has been on the non-ferrous metals sector, with expectations of rising prices for metals like gold due to multiple macroeconomic factors [1] Group 2 - The outlook for gold prices is uncertain in the short term, but it is believed to have long-term allocation value, countering Warren Buffett's view on gold's lack of value [1] - There is a significant inflow of over 1 trillion yuan into Hong Kong stocks this year, driven by mainland funds seeking investment opportunities due to restrictions on overseas capital flow [1] - The rapid development of quantitative funds is acknowledged as beneficial for market liquidity, with a focus on different market segments compared to traditional investments [2] - The impact of the Federal Reserve's interest rate cuts is seen as more positive for US and Hong Kong markets, with limited effects on the A-share market due to its speculative nature [2] - A cautious and lower expectation for the market in 2026 is advised, as many stocks have already seen significant gains this year [2]
盛麒资产曾文凯：重仓有色，对2026年降低预期、谨慎乐观
Sou Hu Cai Jing·2025-12-21 08:01