On August 3, Dongfang Wealth Strategy Chen Guo's team released the latest research report stating that increased overseas volatility has not changed the direction of internal rebalancing of A-shares. Since July, the income distribution of individual A-share stocks has gradually moved to the right, and the income distribution of active bias funds has moved to the left. Industries that were stagnant in the early stages, such as coal, petroleum and petrochemicals, banking, food and beverage, have clearly recovered, and market opportunities are spreading to more carbon-based and silicon-based downstream industries. The share of silicon-based upstream transactions is still high, and it is expected that it will take time to complete the rebalance in terms of configuration. In terms of configuration, continue to maintain the idea of “rebalancing configuration and actively laying out counterattacks”. Continue to focus on blue-chip value directions with boom logic, such as new energy, non-banks, etc., and pay more attention to AI applications in technology, focusing on the Hong Kong stock Internet, computers, media, etc.; finally, according to the “allocation rebalancing” principle, if the silicon-based upstream configuration is at a low level, we can also focus on domestic “real technology” leaders with sufficient adjustments, reasonable valuations, and clear competitive barriers.

On August 3, Dongfang Wealth Strategy Chen Guo's team released the latest research report stating that increased overseas volatility has not changed the direction of internal rebalancing of A-shares. Since July, the income distribution of individual A-share stocks has gradually moved to the right, and the income distribution of active bias funds has moved to the left. Industries that were stagnant in the early stages, such as coal, petroleum and petrochemicals, banking, food and beverage, have clearly recovered, and market opportunities are spreading to more carbon-based and silicon-based downstream industries. The share of silicon-based upstream transactions is still high, and it is expected that it will take time to complete the rebalance in terms of configuration. In terms of configuration, continue to maintain the idea of “rebalancing configuration and actively laying out counterattacks”. Continue to focus on blue-chip value directions with boom logic, such as new energy, non-banks, etc., and pay more attention to AI applications in technology, focusing on the Hong Kong stock Internet, computers, media, etc.; finally, according to the “allocation rebalancing” principle, if the silicon-based upstream configuration is at a low level, we can also focus on domestic “real technology” leaders with sufficient adjustments, reasonable valuations, and clear competitive barriers.