China Galaxy Securities: late April will become a key window to verify profit recovery

China Galaxy Securities stated that this week’s market conditions are characterized by repeated expectations of external conflicts, intertwined with the recovery of domestic fundamentals and liquidity. External geopolitical conflicts repeatedly disturb the market, and international oil prices remain volatile in a high range, which has also become the direct cause of the index’s rise and fall within the week. From an internal perspective, the recovery of the domestic economic fundamentals, the upward trend of inflation, and positive liquidity expectations jointly support the resilience of A-shares. In late April, it is the period of intensive disclosure of annual and first-quarter reports, which will serve as a key window to verify profit recovery. (Yicai Global)