资产配置与比较月报（2024年10月）：拐点已至 ，权益占优

Group 1 - The report highlights that a series of policy measures have significantly boosted market confidence, with expectations of sustained policy support in the future [3][22][23] - The report indicates that the global liquidity turning point has arrived, with major central banks, except for the Bank of Japan, entering a rate-cutting cycle, which alleviates currency constraints [3][26] - The report suggests that the profit growth rate may rebound in the fourth quarter, as the current low profit growth is expected to be a bottom, with potential fiscal policy support [3][22][23] Group 2 - In the consumer sector, the report notes that the food and beverage industry is showing resilience, with policies stimulating confidence and a recovery in sales expected during the upcoming holiday season [28][30] - The report anticipates that pig prices will remain stable in the fourth quarter, with improved performance expected in the livestock sector due to seasonal demand [31] - The report emphasizes the importance of the tourism sector, with domestic travel showing growth during the National Day holiday, indicating a recovery in consumer spending [32] Group 3 - The report discusses the performance of the beverage industry, particularly the beer sector, which is expected to benefit from cost reductions and a recovery in consumption scenarios [28][30] - The report highlights the potential for the dairy industry to improve due to government policies aimed at stabilizing milk production and promoting consumption [30] - The report identifies investment opportunities in high-end liquor brands and regional leaders within the liquor sector, suggesting specific companies to watch [28][30]