CITIC Construction Investment: The market is waiting for the right moment to bottom out

People Finance Network, April 7 — CICC Jianzhong Investment noted that the situation in Iran continues to escalate and remains complex and volatile. The market has been repeatedly fluctuating around negotiation signals. Meanwhile, US and Israeli military actions have shifted from airstrikes to preparations for ground operations. The next 2 to 3 weeks will still be a high-risk period when the situation could sharply deteriorate. The market is waiting for a bargain-buying opportunity, and there is a strong short-term “wait-and-see” sentiment toward capital. On the other hand, internal fundamental factors are worth revisiting, and a series of data jointly supports the trend of an improving economy. As March economic data is about to be released and the earnings season approaches, market attention will gradually shift toward substantive verification of the strength of economic recovery and improvements in corporate profits. Lay out positions patiently along three lines of inquiry: the energy security and inflation main theme; assets with certain growth prospects; and directions that benefit from policy and seasonal momentum. Industry focus includes: oil and gas production, coal, coal chemical industry, power equipment, utilities, chemical industries, the AI industry chain, innovative pharmaceuticals, the infrastructure construction industry chain, and service consumption, among others.