CICC: Performance certainty may be an important clue in the current uncertain environment

Ask AI · Why does CICC focus on performance certainty in the AI and new energy sectors?

CICC points out that performance certainty may be an important clue in the current uncertain environment. Although the short-term market still has uncertainties, after repeated fluctuations, market sensitivity may decrease, and following a period of adjustment, the current point may be a relatively low point in the mid-term for A-shares. In the medium term, CICC believes that the macroeconomic environment remains fundamentally unchanged, and the logic supporting the “steady progress” of the A-share market still holds. The release of risks and downward adjustments are expected to create good allocation opportunities. In an uncertain environment, performance certainty may become a key clue for capital flow in the market, and it is recommended to focus on main themes with high prosperity and strong performance certainty. 1. Prosperous growth: benefiting from the implementation of AI technology in industries such as optical communications; new energy-related batteries, energy storage, etc. 2. Cyclical resource stocks: considering the position of capacity cycles, focus on sub-sectors supported by supply-demand patterns that drive price increases and performance certainty, such as power grids, chemicals, etc. 3. High dividend stocks: during phases of lower risk appetite, they may show relative performance, but over the year, they are likely to be phased and structural, with attention to cash flow matching.