CITIC SEC's Research Reports indicate that the underlying Assets of dividends in the A-share market can be categorized into three types: monopoly, Energy resources, and Consumer. The stability of historical profit growth rates and future profit expectations is an important basis for the internal differentiation of dividends. Looking ahead to 2025, the sustainable realization ability of monopoly-type dividends is stronger, still possessing relatively high allocation value among major Asset categories; the Consumer dividends may see dual improvements in dividend capability and willingness in 2025, warranting close tracking; the Energy resource dividends may suffer due to Commodity prices, thus recommended to prioritize lower.
中信证券:展望2025年垄断型红利的可持续兑现能力更强
CITIC SEC: The Outlook for the Sustainable Realization of Monopoly-type Dividends in 2025 is Stronger.
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