Group 1: Market Trends - Historical bull markets (2008-2010, 2013-2015) show that small-cap stocks outperform large-cap stocks during both broad market rallies and subsequent differentiation phases[7] - Since September 23, 2024, all indices have shown significant increases, indicating a broad market rally phase, with expectations for a differentiation phase to follow[1] - Current valuation expansion and trading volume are still at lower levels compared to previous bull markets, suggesting potential for further growth[1] Group 2: Investment Recommendations - Strongly recommend investing in small-cap growth stocks with rapid earnings growth and significant growth potential, such as Tiandi Digital, Aidi Tech, and Jufei Optoelectronics[1] - Notable companies include: - Tiandi Digital: H1 2024 net profit of 47 million CNY, up 86% YoY[1] - Aidi Tech: H1 2024 net profit of 77 million CNY, up 36% YoY[2] - Jufei Optoelectronics: H1 2024 net profit of 91 million CNY, up 10% YoY[2] - Small-cap companies represent over 80% of the total number of companies in the A-share market, highlighting their importance[24]
中小盘团队策略专题报告：中小市值，弹性更大
ZHESHANG SECURITIES·2024-10-08 05:28