天风证券：晨会集萃-20241018

Group 1: Key Recommendations - The report recommends a list of stocks for October, including companies like Tencent Holdings, Midea Group, and BYD, with specific dates for inclusion [1] - The report emphasizes the importance of monitoring the real estate market for signs of stabilization, particularly through government policies aimed at controlling land supply and enhancing financial support for developers [1][8] Group 2: Industry Insights - The transportation sector is expected to see price increases in Q4 due to seasonal demand and policy-driven economic recovery, with specific recommendations for logistics companies [1][8] - The report highlights the anticipated recovery in consumer demand driven by government policies, particularly in the electronics and home appliance sectors, which is expected to benefit companies like JD.com [3][11] Group 3: Company Performance Forecasts - Xianhe Co. is projected to achieve a net profit of 7.9-8.3 billion yuan for the first three quarters of 2024, reflecting a year-on-year increase of 107.42%-117.37% [2][9] - Anli Co. expects a net profit of 0.5-0.6 billion yuan for Q3 2024, representing a growth of 30-55% compared to the previous year [12][13] - JD.com anticipates a revenue increase of 4.7% in Q3 2024, driven by the implementation of trade-in policies and a recovering macroeconomic environment [3][11] Group 4: Strategic Developments - The report notes that Xianhe Co. is expanding its production capacity in high-performance paper-based materials, with significant investments in new projects [2][9] - Anli Co. is enhancing its production capabilities in Vietnam, aiming to reach breakeven by the end of 2024, while also optimizing its production structure to match demand [12][13]