每周投资策略-20260309

Group 1: A-Share Market Focus - The expected price-driven market trend will continue in March, with specific attention on Juhua Co., Ltd. and Quartz Co., Ltd. [9][18] - The 2026 economic goals set a GDP growth target of 4.5%-5.0%, with a focus on balancing expectations and reality [12][13] - The government emphasizes stable fiscal policies and a moderately loose monetary policy to support consumption and investment [12][13] Group 2: Korean Market Focus - The Bank of Korea is expected to maintain the benchmark interest rate at 2.5% for a longer period, reflecting a cautious approach to economic growth [29][36] - Samsung Electronics and SK Hynix are highlighted as key players in the semiconductor market, benefiting from strong demand and pricing power [42][39] - The HBM supply is expected to remain tight, driven by strong demand from GPU and ASIC clients [38][39] Group 3: Malaysian Market Focus - Malaysia's GDP growth is projected to be strong, with a 2025 forecast of 6.3% growth, marking the best performance since Q4 2022 [52][51] - 99 Speedmart and IHH are identified as key stocks, with 99 Speedmart benefiting from government consumption subsidies and IHH capitalizing on the growing medical tourism sector [59][60] - The overall inflation in Malaysia is expected to remain moderate, allowing the central bank to maintain current policy rates [52][51]