CITIC Construction Investment: The market is waiting for the right moment to bottom out

Ask AI · How will the release of economic data verify improvements in corporate earnings?

A research report from CICC (China International Capital Corporation) notes that the situation in Iran continues to escalate and remains complex and volatile. The market has been repeatedly fluctuating around negotiation signals. At the same time, the U.S. and Israel’s military actions have shifted from airstrikes to preparations for ground operations. The next 2–3 weeks will still be a high-risk period in which the situation could rapidly deteriorate. The market is waiting for a bargain-buying opportunity, and in the short term, sentiment among capital remains cautious. On the other hand, internal fundamental factors are also worth revisiting. A series of data points jointly supports the trend of an improving economy. As March’s economic data is about to be released and the earnings season approaches, market attention will gradually shift to the tangible verification of the strength of the economic recovery and the actual improvement in corporate earnings. Follow three lines of inquiry for a patient layout: an energy security and inflation main theme, certainty-driven growth assets, and policy beneficiaries and peak-season business-cycle momentum directions. Industry focus includes: oil and gas production, coal, coal chemical industry, power equipment, public utilities, chemical industry, the AI industry chain, innovative pharmaceuticals, infrastructure-related industry chains, and service consumption, among others.