CITIC Securities: Recommend paying attention to growth industries such as non-ferrous metals and AI that experienced significant adjustments earlier.

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Ask AI · Why is CITIC Construction Investment bullish on adjusted opportunities to invest in the non-ferrous metals and AI sectors?

Everyday Economic News AI Flash, a research report from CITIC Construction Investment states that, overall, the Iran situation has limited impact on the domestic environment. It also believes that the adverse impact of the war and conflict in April on the convertible bond market is likely to diminish at the margin. Convertible bond assets have moved away from the high valuation state seen in February and March, and the value of allocations has begun to show. It recommends maintaining a barbell-style allocation: on the one hand, focus on stable individual issues in finance and utilities; on the other hand, focus on growth-oriented industries such as non-ferrous metals and AI, which saw relatively larger pullbacks earlier. At the same time, the valuation of newly issued (seasoned recently) convertible bonds has also fallen noticeably, and the recent pace of new convertible bond issuance has been good. It is recommended to continue paying attention to investment opportunities in new bonds during the initial listing period.

Daily Economic News

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