贝塔9月投资布局精选

Group 1: Market Overview - The domestic macro liquidity is expected to remain loose, with the central bank injecting 300 billion yuan through MLF in August, marking six consecutive months of increased operations [2] - There are two major positive factors for September: the 93rd National Day parade, which is believed to be closely related to market sentiment and risk appetite, and the anticipated interest rate cut by the Federal Reserve [2][3] - The market's expectation for a rate cut in September has risen to over 91%, with a possibility of a significant cut of 50 basis points similar to last September [3] Group 2: Sector Focus - Focus on sectors that may benefit from liquidity easing, prioritizing financials, healthcare, and real estate, followed by technology growth, fintech, and biotechnology [5] - Historical data indicates that cyclical sectors like non-ferrous metals and chemicals tend to perform well in the month of a Fed rate cut [5] Group 3: Company Recommendations - Meitu (3690.HK) has a current P/E ratio of 19.58x, close to its lowest level in a year, indicating high cost-effectiveness for long-term holding [6] - Laopuhuangjin (6181.HK) reported a revenue of 12.354 billion yuan in the first half of the year, a significant increase of 251% year-on-year, with a net profit of 2.268 billion yuan, up 285.8% [8] - ZTE Corporation (0763.HK) achieved a revenue of 71.553 billion yuan in the first half of the year, a year-on-year increase of 14.51%, with a notable growth in its government and enterprise business [13] - Lens Technology (6613.HK) reported a revenue of 32.96 billion yuan in the first half of the year, a 14.18% increase year-on-year, with a net profit of 1.143 billion yuan, up 32.68% [15] - Duolingo (DUOL.US) saw a revenue of $252 million in Q2 2025, a 41.6% increase year-on-year, despite a slowdown in user growth [17][18] - Snap (SNAP.US) reported Q2 revenue of $1.34 billion, slightly below expectations, but the company anticipates a revenue increase in Q3 [20][21] - DoorDash (DASH) achieved a revenue of $3.28 billion in Q2 2025, a 25% year-on-year increase, significantly exceeding analyst expectations [22]