The Zhitong Finance App learned that Dongwu Securities released a research report saying that currently, from a trading perspective, market risks have been released to a certain extent, but they still believe that economic stabilization is an important basis for further recovery in the stock market in the future. Economic stability depends on a recovery in corporate profits, and current corporate profits are still hampered by price levels. The bank observes that PPI in January has not been corrected month-on-month, and it is necessary to continue to observe price performance in February. We are cautiously optimistic about corporate profits in the first quarter of this year. Currently, the market is mainly dominated by dividends and technological growth styles, and the bank believes there may be further structural differentiation in the future. Based on the above, the bank's configuration is mainly based on growth, taking into account dividends.

The March gold stock combinations are as follows: Anhui Heli (600761.SH), Jerry (002353.SZ), Weichai Power (000338.SZ), CNOOC (00883), Guanghui Energy (600256.SH), Yi Hualu (300212.SZ), Ningde Era (300750.SZ), Sanhua Intelligent Control (002050.SZ), Luzhou Laojiao (000568.SZ), and HiCisco (002653.SZ).

The views of Soochow Securities are as follows:

Firmly optimistic about growing Chinese enterprises with global competitiveness.

In the current situation where domestic demand is relatively insufficient, it has become a trend for companies to go overseas to “export”. The bank is optimistic about companies that have a certain brand influence in overseas markets and that have room to increase their market share. Overseas business profits have increased, making the overall performance of the company relatively outstanding. In particular, some construction machinery companies go overseas.

Continue to be optimistic about “new” and “old” growth.

“New” growth is a technological direction with long-term growth potential. For example, semiconductors, electronics sectors, etc. The bank believes that this round of technological revolution led by artificial intelligence will spawn new industries, and related stock prices will also reach new highs. Another example is that the direction of data elements relating to new factors of production also deserves continued attention. “Old” growth is mainly about core assets that have declined a lot in the past two years. Examples include some new energy, food and beverage, and pharmaceutical sectors. Currently, the market is in a phase of excessive decline and rebound. High-quality growth leaders with relatively large losses in the previous period have certain performance support. The bank believes that it may perform relatively well in the future.

Continue to prefer high dividends.

First, the current market itself is still showing signs of defense; second, from a longer-term perspective, the Securities Regulatory Commission guides companies to formulate a clear dividend distribution system, establishes a sense of return to shareholders, and encourages listed companies to increase their dividends, which will be further implemented. Third, currently, funds are still allocating dividend varieties.

Risk warning: economic growth falls short of expectations; policy progress falls short of expectations; geopolitical risks, etc.