Cable securities: Leverage or support the continuation of Hong Kong stock

According to CSI, nearly a month has seen a reversal in performance expectations, with over-predictations and pro-consumer forecasts driving up-to-date year-round earnings, while the Heinrich Index has been constrained by the fragmentation of profit from motor vehicles and the expansion of capital spending on front-line Internet platforms, which suppresses short-term profit margins, with the expected recovery lagging behind. At the industry level, health care (cxo and pharmaceutical champions), finance (business regulation and insurance), utilities and the cyclical transport climate are expected to decline in consumption, real estate and information technology. At the transaction level, there is a “two-pronged” feature of the over-turning of the downside and high-performance performance. The configuration proposes to maintain the “difference defense + growth elastic” bell strategy: the defensive end locks high dividends, low-beta “debt” offensive end focussing on Internet giants, robotics and biotechnologies with two-way financing, and technical hardware and AI applications, taking into account the catalytic layout of innovative medicines and industrial metals。