Huajin Securities: rebound into the middle and late stages, March tends to be volatile, and the structural market trend continues.

released a research report stating that the rebound is entering the middle and late stages, with a tendency for volatility in March, and the structural market trend continues. (1) From the perspective of fundamentals, the real estate sales may still be weak in March, but profits are likely to be on an upward trend. (2) From the perspective of policies and external events, March overall leans towards positive. (3) Liquidity is likely to remain loose in March. The rebound enters the middle and late stages, with a tendency for volatility in March and the continuation of the structural market trend. In March, it is recommended to continue balanced allocation of undervalued value and technology growth. Risks include historical experiences may not necessarily apply to the future, policy changes that exceed expectations, and economic recovery falling short of expectations.