Huatai Securities: Emphasize Strategic Allocation Opportunities in Brokerage Stocks

【Huatai Securities: Emphasizing Strategic Allocation Opportunities in Brokerage Stocks】 Caixin, March 19 - Huatai Securities pointed out that since the beginning of this year, the overall market has been improving, with sector performance continuously growing. However, brokerage stocks have fallen in price, contrasting with past logical trends and diverging from expectations, possibly due to factors such as capital behavior, risk appetite, and policy guidance. Looking ahead, the sector’s performance is relatively stable and sustainable, and factors suppressing capital may ease. Geopolitical fluctuations are leading to a more balanced market style, and increased policy support for the capital market, combined with strong earnings and low valuations, may create a window for valuation recovery. Therefore, strategic allocation opportunities in brokerage stocks should be valued.