Brokerages' April Investment Strategies Released, Focusing on These Sectors

Why do AI and brokerage firms focus on balanced allocation between value and growth sectors in April’s strategy?

【Global Network Finance Comprehensive Report】Recently, many brokerages released their April strategies and top stock lists. As the annual and first-quarter performance disclosures intensify, it is expected that industry rotation will intensify competition over existing assets, and it is recommended to seize structural opportunities.

According to statistics, as of March 31, 14 brokerages had recommended a total of 98 top stocks for April, covering core sectors such as power equipment, electronics, machinery, and basic chemicals. In terms of popularity, stocks like China National Offshore Oil Corporation, WuXi AppTec, Anjoy Foods, and Zijin Mining were jointly favored by three brokerages.

In terms of performance, among the 48 top stocks that have disclosed annual reports, 35 achieved year-over-year growth in net profit attributable to shareholders, with companies like Zhimingda, Jinhaitong, and WuXi AppTec doubling their performance. Regarding capital holdings, among these 48 disclosed top stocks, 13 appeared among the top ten circulating shareholders, including social security funds, with a total shareholding market value of 11.92B yuan.

Donghai Securities’ April investment strategy suggests that, from a balanced allocation perspective, more certainty should be sought in equities, with confidence in the stability of domestic supply chains and the revaluation of advanced production capacity. Industry-wise, it recommends a dual approach: favoring value styles such as non-ferrous metals, coal, and chemicals, and growth styles with potential for rebound, such as AI applications and the high-low switching of innovative drug sectors.

Caitong Securities believes that, amid liquidity disturbances and risk appetite pressure, the allocation should adopt the “HALOPLUS” strategy—defensive HALO cash flow + offensive low-congestion growth. On the defensive side, continue focusing on HALO trading, prioritizing sectors with high cash flow, heavy assets, high barriers, and low correlation with TMT, such as coal, utilities, and construction, to hedge volatility. On the offensive side, “PLUS” focuses on growth sectors with low trading activity and low interest rate sensitivity, such as commercial aerospace, batteries, and space photovoltaics.

Shenwan Hongyuan recommends deploying in new energy, transportation, basic chemicals, and utilities—cyclical sectors; for technology, focus on the “heavy reality” theme, paying attention to optical communications; for consumer sectors, high-quality companies are expected to enter valuation recovery and performance inflection points. (Wen Hui)