CITIC Securities: Layout on Dips, Avoid Speculation on Micro Pan

Golden Ten Data on November 18, China Securities Construction Investment Research Report believes that at present, in the context of the high marginal correction of market risk appetite and the slow repair of economic and policy expectations, the market style will also correspondingly show marginal changes. In the medium term, we will focus on benefiting from the direction of policy priorities, valuation and profit expectations, which still have room for improvement, including: debt and asset revaluation, “two heavy and two new” and other directions to expand domestic demand, new quality productivity, and supply optimization expectations.