券商中国·2025-11-01 23:28Core Viewpoint - The November stock picks from various brokerages are primarily focused on sectors such as electronics, power equipment, and non-ferrous metals, with companies like Tencent Holdings and Zijin Mining being highly recommended by multiple institutions [1][4]. Summary by Sections October Performance - In October, major A-share indices showed mixed results, with the Shanghai Composite Index and the Northbound 50 Index rising by 1.85% and 3.54%, respectively, while the ChiNext Index fell by 1.56% and the Sci-Tech 50 Index dropped over 5% [2]. - The top-performing stock in October was Guandun Quantum, recommended by Dongfang Wealth Securities, which surged over 65%. Other notable stocks included Rongxin Culture and Jiangbolong, both rising nearly 65% and over 46%, respectively [2]. November Stock Picks - The November stock picks are heavily concentrated in the electronics, power equipment, and non-ferrous metals sectors. Tencent Holdings is the most recommended stock, receiving endorsements from four brokerages, with a focus on its AI-driven ecosystem and sustainable profit growth [4][5]. - In the non-ferrous metals sector, Zijin Mining is recommended by three brokerages, highlighting its strong earnings potential amid rising gold and copper prices [4]. - The electronics sector is also favored, with companies like Industrial Fulian and Huadian Co. receiving multiple recommendations due to high growth prospects driven by AI demand [4]. Market Outlook for November - Brokerages generally expect the A-share market to maintain an upward trend in November, with a focus on technology and energy resource sectors [1][7]. - Key investment themes include TMT (Technology, Media, and Telecommunications) and self-reliance in technology, high-end manufacturing, energy resource security, and financial support for the real economy [7][8]. - The market is anticipated to experience a stable upward trajectory supported by policy initiatives and improved external conditions, with a focus on strategic emerging industries and future industries as outlined in the recent "14th Five-Year Plan" [7][8].