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方正证券:四季度车市预计环比增长态势持续
Core Viewpoint - The automotive market is expected to continue its growth trend in Q4, with the sector currently trading at a PE-TTM below the 50th percentile of the past five years, indicating potential for recovery in November and December, alongside a rebound in exports in Q4 and next year [1] Group 1: Market Outlook - Q4 automotive market is projected to show a sequential growth trend [1] - The sector has experienced a correction, leading to a favorable valuation at PE-TTM below the 50th percentile over the last five years [1] - Anticipation of continued recovery in November and December, supported by export recovery in Q4 and early next year [1] Group 2: Investment Opportunities - Focus on sub-sectors within the automotive industry, particularly opportunities for low-position rebounds in buses, heavy trucks, and traditional vehicles/parts [1] - Attention to leading companies in high-export sectors with strong profitability [1] - Companies with stable fundamentals and external catalysts are highlighted as potential investment targets [1]