计算机行业点评报告：政策强发力，看多计算机板块，关注券商IT

Investment Rating - The report maintains a "Buy" rating for the computer sector, with a focus on the brokerage IT segment, recommending stocks such as Tonghuashun, Dongfang Caifu, Caifutrend, Zhinan Zhen, Dingdian Software, and Hengsheng Electronics [3][4]. Core Insights - The report highlights a significant shift in economic policy, emphasizing increased fiscal and monetary stimulus to boost market confidence and economic recovery [3]. - The recent interest rate cut by the Federal Reserve is expected to enhance market risk appetite, benefiting the computer sector and facilitating valuation expansion [3]. - The positive tone from the Central Political Bureau meeting signals strong economic support, which may improve profitability expectations in the computer sector [3]. - The brokerage IT segment is closely linked to market activity and is likely to benefit first from the anticipated market rebound [3]. - The report suggests a strong market rebound similar to the one observed after the July 2023 meeting, where market confidence was notably boosted [3]. Summary by Relevant Sections Economic Policy Impact - The report discusses the Central Political Bureau's meeting on September 26, 2024, which called for enhanced fiscal and monetary policies to stimulate the economy [3]. - It mentions the issuance of long-term special bonds and local government bonds as a means to improve market conditions [3]. Sector Performance - The computer sector is expected to see improved liquidity and profitability due to recent policy changes and market conditions [3]. - The brokerage IT sector is identified as a key beneficiary of increased market activity, with potential for significant gains [3]. Company Ratings - Specific company ratings include: - Tonghuashun: Hold rating with a market cap of 86.602 billion and a PE ratio of 61.75 for 2023A [4]. - Dongfang Caifu: Hold rating with a market cap of 267.091 billion and a PE ratio of 32.60 for 2023A [4]. - Caifutrend: Not covered with a market cap of 24.020 billion [4]. - Zhinan Zhen: Not covered with a market cap of 26.109 billion [4]. - Dingdian Software: Hold rating with a market cap of 7.040 billion and a PE ratio of 30.18 for 2023A [4]. - Hengsheng Electronics: Hold rating with a market cap of 39.379 billion and a PE ratio of 27.65 for 2023A [4].