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<Research>CICC: As Iran Situation Remains Unclear, Investors Can Prioritize Deploying in Tech Hardware/ Internet/ Other Stocks in ST
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Since the start of the Iran war on 28 February, the conflict has entered its fifth week, according to a research report issued by CICC. The development path has been more complex and prolonged than initially expected by the market. It is estimated that a true easing is still some distance away, and the road to easing may not be smooth. Against this backdrop, the performance of different assets has also shown significant divergence. US treasuries and gold experienced limited volatility, even slightly rebounding, while equity markets such as US stocks started to show a delayed decline. From a purely quantitative data-based short-term rotation perspective, CICC expected that, in the short term, tech hardware, internet, chemical, building materials and steel will post better performance in terms of earnings valuation and capital trading dimensions, making them priority choices for deployment. The fundamentals of sectors such as banking, biotech and non-ferrous metals were strong and can be continuously monitored for opportunities. In contrast, sectors like coal, oil & gas and utilities were somewhat crowded in the short term. AASTOCKS Financial News Website: www.aastocks.com |
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