China Merchants Securities released a research report stating that the direction of improving prosperity this week is mainly in the fields of resource products and information technology. Among upstream resource products, the price of steel and cement rose; in the midstream manufacturing sector, the three-month rolling year-on-year decline in automobile production and sales increased in October, and the year-on-year increase in sales of various types of excavators and loaders narrowed. In information technology, the revenue of Taiwanese electronics manufacturers mostly improved in October, and the year-on-year increase in imports and exports of integrated circuits increased. In the consumer services sector, pig farming profits are declining, and fresh milk prices are rising. China's exports continued to grow rapidly in October, benefiting from AI investment driving demand, moderate expansion of manufacturing, and inventory replenishment in developed countries. We recommend steel, coal, building materials, semiconductors, banking, shipping, etc. that are booming or improving.

China Merchants Securities released a research report stating that the direction of improving prosperity this week is mainly in the fields of resource products and information technology. Among upstream resource products, the price of steel and cement rose; in the midstream manufacturing sector, the three-month rolling year-on-year decline in automobile production and sales increased in October, and the year-on-year increase in sales of various types of excavators and loaders narrowed. In information technology, the revenue of Taiwanese electronics manufacturers mostly improved in October, and the year-on-year increase in imports and exports of integrated circuits increased. In the consumer services sector, pig farming profits are declining, and fresh milk prices are rising. China's exports continued to grow rapidly in October, benefiting from AI investment driving demand, moderate expansion of manufacturing, and inventory replenishment in developed countries. We recommend steel, coal, building materials, semiconductors, banking, shipping, etc. that are booming or improving.