Haitong Strategy: The Market is Undergoing a Bear-Bull Transition, with Mid-to-High-End Manufacturing or Mid-term Mainstream

Jinshi Data October 27th News, Haitong Strategy released a report stating that ① since the beginning of the year, Capital Market policies have continued to land, and the policy has clearly turned since September 24th, boosting market confidence. ② The market is in the process of transitioning from bear to bull, with policies taking the lead and improvements in macro and micro fundamentals following. It is expected that the year-on-year growth rate of the net profit attributable to shareholders of the full A-shares in 2024 is expected to reach 2%. With policy-driven continuous repair of fundamentals, the stock market is also expected to enter a phase driven by fundamentals. ③ Structurally, technology manufacturing with better fundamentals, high-end manufacturing with both supply and demand advantages, or mid-term main lines.