Open Source Securities: Remain optimistic about the brokerage zone
Jin10 data reported on June 27, Open Source Securities pointed out that the policy attitude of boosting the economy and stabilizing the stock market continues, monetary policy is moderately loose, the fundamentals of the securities industry are favorable, valuations are at low levels, and benchmark constraints are expected to bring capital replenishment. Currently, we remain optimistic about the brokerage zone. In terms of stock selection, three main lines are recommended: (1) leading brokerages with low valuations and advantages in retail business; (2) fintech targets with high beta elasticity; (3) Hong Kong Stock Exchange and leading brokerages with a high proportion of overseas business that benefit from the expansion and increased activity of the IPO market in Hong Kong.
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