双融日报-20251128

Core Insights - The report indicates a neutral market sentiment with a score of 57, suggesting a balanced outlook for investors [5][9]. - Key themes identified for investment include non-ferrous metals, banking, and low-altitude economy, driven by various market dynamics [5]. Non-Ferrous Metals - The non-ferrous metals theme is buoyed by expectations of increased demand due to potential US interest rate cuts and AI data center growth, leading to a price increase for copper and aluminum [5]. - Specific stocks highlighted include Zijin Mining (601899) and Aluminum Corporation of China (601600) as potential beneficiaries of this trend [5]. Banking Sector - The banking sector is characterized by high dividend yields, with the China Securities Banking Index yielding 6.02%, significantly above the 10-year government bond yield [5]. - In a slowing economy with increased market volatility, bank stocks are positioned as attractive options for long-term institutional investors, with Agricultural Bank of China (601288) and Ningbo Bank (002142) mentioned as key stocks [5]. Low-Altitude Economy - The low-altitude economy is gaining traction, highlighted by the Asia General Aviation Exhibition taking place from November 27 to 30, 2025, in Zhuhai, attracting over 300 companies from 21 countries [5]. - This sector is still in its early development stages, with significant opportunities in infrastructure and aircraft manufacturing, with stocks like Zongshen Power (001696) and Haige Communications (002465) identified as potential investments [5].