Core Viewpoint - The market's profit-making effect continues to accumulate, and sentiment remains strong, with an ongoing trend of incremental liquidity [1] Industry Focus - The report suggests focusing on five strong industries: innovative pharmaceuticals, resources, communications, military industry, and gaming [1] - Within these industries, emphasis should be placed on sub-industries with real performance delivery rather than those driven by sentiment and speculation [1] Investment Strategies - For expressing these industries through ETFs, the following are recommended: - Non-ferrous metals and rare metals ETFs (focusing on rare earths and energy metals) - Hang Seng Innovative Pharmaceuticals ETF (focusing on large pharmaceutical companies rather than small-cap speculative stocks) - 5G Communications ETF (focusing on optical modules and servers) - Gaming ETFs and leading military industry ETFs [1] Long-term Perspective - In the medium to long term, attention should be paid to industries with sustainable pricing power, considering both supply and demand growth [1] - From a short-term profit realization perspective, recommended areas include rare earths, cobalt, phosphorus chemicals, pesticides, fluorine chemicals, and photovoltaic inverters [1] - For expressing these sectors through ETFs, a chemical ETF is suggested [1]