Bolstered by the "miraculous rebound" in the market at the end of September, brokerage gold stocks have also ushered in the most bullish monthly returns in nearly three years! In the just-concluded September, the gold stock portfolios recommended by 18 brokerages soared by over 20% in a single month, and the combined return of brokerage gold stocks since the beginning of the year has also regained lost ground, with the most bullish recommended portfolio from brokerages seeing a year-to-date increase of up to 37%.

Looking ahead to October, brokerages generally believe that the market's profit effect post-holiday will continue, and it is still advisable to actively long. In terms of pace, many brokerages believe that the market trend will be "broadly rising first, then differentiating." Some brokerages also consider that the Hong Kong stock market is currently worth actively allocating to, and compared to A-shares, it will have greater resilience.

Frantic recovery, 18 brokerages' gold stock portfolios surged by over 20% in September.

It is worth noting that after the late-September surge, among the 46 brokerage gold stock data recorded in each market's app, over 70% of the recommended gold stock portfolios by brokerages this year have accumulated positive returns, with 8 of them achieving over a 20% return year-to-date.

Among them, the monthly gold stock portfolio of Hualong Securities ranked first with a 37.46% year-to-date return, followed by Guolian Securities' monthly gold stock portfolio with a return rate of 33.49%, and the third to fifth places are Guosen Securities (28.46%), Hua Tai Securities (23.47%), and Guotou Securities (22.30%) respectively.

Just looking at September, the return rates of all 46 brokerage gold stock portfolios recorded in each market's app have been in the positive, with 18 brokerage-recommended portfolios yielding over 20% returns.

Specifically, Caitong Securities' monthly gold stocks ranked first with a 27.17% monthly growth rate, Fangzheng Securities ranked second with a 26.08% monthly growth rate, and Guoyuan Securities ranked third with a 25.45% monthly growth rate. In addition, other brokerages whose monthly gold stock portfolios surged by over 20% include Huaxi Securities, Tianfeng Securities, Huaan Securities, Donghai Securities, Guolian Securities, Haitong Securities, Huajin Securities, Central China Securities, Huaxin Securities, Huachuang Securities, etc.

The most bullish gold stock in September rose more than 70%.

Looking at the September gold stock gains, the top three most bullish gold stocks are all from the auto parts industry. In addition, sectors like computer, power grid equipment, communication, nonferrous metals, chemicals, and real estate also have many gold stock symbols with significant increases.

Specifically, the most bullish gold stock in September was recommended by Huaxin Securities.$Ningbo Shuanglin Auto Parts (300100.SZ)$, with a high increase of 73.10% in September.

It is reported that Ningbo Shuanglin Auto Parts is the first recommendation by Huaxin Securities in nearly 5 months, which is a company specialized in auto parts and accessories, mold design, development, and manufacturing. Huaxin Securities believes that the company has a strong competitive advantage in the field of rolling column screw due to its HDM (seat horizontal drive) external thread, car rim bearing unit processing experience, combined with its own mass production capabilities.

The second and third gold stocks with significant gains are both Hong Kong stock symbols. The second is recommended by Founder Securities.$XPENG-W (09868.HK)$In September, there was a sharp increase of 66.25%; the third highest increase was recommended by Caitong Securities.$LEAPMOTOR (09863.HK)$In September, it increased by 55.45%.

Recommended by Tianfeng Securities.$Fujian Foxit Software Development Joint Stock (688095.SH)$,$KINGDEE INT'L (00268.HK)$Ranked fourth and fifth with monthly growth rates of 52.85% and 45.87% respectively, both belonging to the computer industry. In addition, the golden stocks that rose over 40% in September also include$Eve Energy Co.,Ltd. (300014.SZ)$(Recommended by China Merchants Securities),$China Vanke Co.,Ltd. (000002.SZ)$(Recommended by Haitong Securities),$Zhongji Innolight (300308.SZ)$(Recommended by Changjiang Securities, Tianfeng Securities),$Sunresin New Materials (300487.SZ)$(Recommended by Founder Securities), CITIC Securities (Recommended by Caitong Securities), etc.

The gold stock list for October is released.

Entering October, a new list of gold stocks has also been released.

Looking at the popular gold stocks, the hottest gold stocks in October include$Contemporary Amperex Technology (300750.SZ)$,$MIDEA GROUP (00300.HK)$,$ZIJIN MINING (02899.HK)$,$BYD Company Limited (002594.SZ)$and$East Money Information (300059.SZ)$N/A.$NCI (01336.HK)$,$Wuliangye Yibin (000858.SZ)$The holdings are mainly concentrated in the food and beverage, non-ferrous, home appliances, autos and other sectors.

Brokerage outlook for October: the post-holiday trend of earning money is expected to continue, and it is still advisable to take an active long position.

How do brokerages view the market in October? Overall, most brokerages still believe that the post-holiday trend will continue, with the stock market still showing strong profit-making effects. Many brokerages think the market will see a period of 'general rise followed by differentiation'. Some brokerages believe that the current Hong Kong stock market is also worth actively allocating to, and may have greater elasticity compared to A-shares.

Swhy Chief Strategist Wang Sheng believes that policies are better than expected, expecting strong post-holiday profit-making policy effects, while thematic investment activity may also increase. In terms of allocation, first, focus on cyclical sectors such as real estate chain, real estate stocks, and food, medical, nonferrous metals, and coal; second, the rotation of the technology market has begun, with a high resilience focus on technology.$SSE Science and Technology Innovation Board 50 Index (000688.SH)$Inno50; third, sector rotation phase, focus on power grid equipment, wind power equipment, innovative drugs, power batteries, and tech estimates; fourth, attention shifts from high dividend stocks to breaking the net stocks.

Everbright Chief Strategist Zhang Yusheng believes that under the positive statements of various policies recently, corresponding policies are expected to continue to be introduced, with bullish trends possibly not fully realized, it is still advisable to actively long. In terms of allocation, focus on bond-like assets + policy-related industries + increasing risk appetite mainstream. In addition, the current Hong Kong stock market is worth actively allocating to, and may have greater elasticity than A-shares, can continue to focus on technology growth and the 'dumbbell' strategy dominated by high dividends.

Gtja believes that the expected upward revision opens up market space, with the risk-free rate reduction coupled with a boost in risk appetite, the market is expected to rise first and then rotate, focusing on undervalued areas with high elasticity. Bullish on the high-resilience areas of undervalued oversold stocks.

Huaxong Securities believes that the market in October is proactive. Firstly, the capital market policies are intensively introduced, enhancing market liquidity and activity, improving micro-market liquidity expectations; secondly, the long-term stability of the RMB exchange rate has a solid foundation, coupled with the Fed's interest rate cuts opening up, weakening the US dollar, enhancing the value of RMB assets, and drawing attention to the equity market; thirdly, economic expectations are stable; fourthly, after a significant short-term market rally, valuations are still reasonable, presenting a medium to long-term opportunity for allocation.

West Securities believes in rising first, then rotating. Looking at the first stage of the rebound, the sudden change in market risk appetite brings about a lively market for non-banking stocks and a rebound in real estate consumption. Along with further interpretation and differentiation of the rebound, with incremental funds expected to enter the market, the possible industry rotation path in the future is first towards cyclical and non-banking before growth and high dividend stocks, with a timeline overlap, and only after the general rebound enters the middle to later stage will traditional high dividend stocks possibly enter a new relative advantage stage.

West Securities recommends three main themes. The first is growth-oriented flexible opportunities, such as information technology, diversified AI, automobile supply chain, new energy industries; second is the oversold repair opportunities for cyclical assets, non-ferrous metals, real estate chains, etc.; third is the steady high-dividend ballast, paying attention to the opportunities of short-term rotation brought about by internal overpricing and overselling.

China Great Wall Securities believes that improvements in liquidity may raise the overall trading volume center of A-shares, and overall market valuation repair is still likely to continue. A-shares are still at low valuations, with relatively high stock-bond price ratios. Coupled with the Fed's start of the rate-cut cycle, opening up of China's monetary and fiscal space, and expectations of further real estate policies, the rising trend of this round of market is still unchanged. Looking ahead, as market sentiment calms and the test of third-quarter performance approaches, the market may gradually shift from a broad rise to differentiation after the National Day holiday.

Editor/Somer