英大证券：金点策略晨报—每周报告-20241205

Market Overview - The market is expected to experience a rebound after recent adjustments, with opportunities for year-end positioning [1][10] - Last week's trading volume increased from 1.3 trillion to 1.7 trillion, indicating a gradual recovery in market activity [10][12] - The Shanghai Composite Index closed at 3326.46 points, up 30.76 points, with a gain of 0.93% [1][3] Sector Performance - Consumer stocks have shown continuous strength, with significant gains in dairy, light industry, food and beverage, and retail sectors [5][11] - The tourism and hotel sector has also seen a rise, supported by China's expanding visa-free policies for several countries [5][6] - The textile and apparel sector is expected to improve as winter clothing sales peak, aided by consumption vouchers and subsidies [5][6] - Mergers and acquisitions (M&A) concepts have gained traction, particularly following Shenzhen's action plan to promote high-quality M&A development [6][7] Investment Opportunities - Focus on consumer goods, particularly affordable options in beverages, dairy, and snacks, as they present good value at current valuations [5][11] - The robotics sector is highlighted for its long-term growth potential, driven by strong internal growth momentum and supportive government policies [9][11] - The AI theme remains active, with investments expected to shift towards companies demonstrating solid performance and application of AI technologies [9][10] Future Outlook - Investors are advised to position themselves for potential year-end market opportunities, particularly in sectors benefiting from debt restructuring and new productivity initiatives [10][12] - Continued monitoring of the dollar and yuan exchange rates is recommended to capture subtle changes in market volume [1][10]