On September 3, the China International Capital Corporation (CICC) unveiled a research report focusing on industry allocation strategies for September. The report emphasizes the importance of seizing structural opportunities hinted at by prevailing prosperity indicators. Within the technology growth sector, a divergence is anticipated in the future market landscape, necessitating meticulous stock selection. Segments closely tied to AI infrastructure, such as optical communications and printed circuit boards (PCBs), are projected to sustain high levels of prosperity with robust certainty throughout this year, potentially experiencing a rebound after being oversold.
For the semiconductor and computing power sectors, it is crucial to pay close attention to the alignment between their fundamentals and valuations. Innovative pharmaceutical companies that are entering the clinical data verification phase warrant close monitoring.
Simultaneously, given the current geopolitical climate and capacity cycles, it is prudent to concentrate on sectors exhibiting improving performance and favorable supply-demand dynamics. Notable examples include construction machinery, power grid equipment, and the petrochemical industry. However, the fundamental recovery of industries driven solely by domestic demand remains sluggish and necessitates further observation and analysis.