Zhongtai Securities says the market will likely hold a clear bottom and
consolidate over the next one to two weeks. After major IPO listings, falling
uncertainty and repaired sentiment could lift the market toward prior highs or
new highs. Leadership is expected to remain a diffusion across technology names
rather than a broad style rotation. High-conviction tech plays: storage,
semiconductor equipment and the overseas compute chain, with storage and chip
equipment seen as most certain. Non-tech pockets to watch: new energy,
AI-related specialty materials and minor metals, construction machinery and
securities brokers. New energy is supported medium-term by higher power demand
from AI compute expansion and export demand. In AI materials, a price upcycle in
copper-clad laminate (CCL) has begun. Brokers should benefit from IPO
cornerstone buying and higher trading activity, offering tactical swing
opportunities.
