Guangda Securities: Limited downside for A-shares, bottoming out is expected

Jinshi data, September 1st, Guangda Securities research report pointed out that there is limited downside space, and the bottom is expected to move up. Recently, the A-share market has been running relatively weak, with valuations at historically relatively low levels, and has a certain cost-performance ratio. Historically, when the A-share market runs weakly, it is usually accompanied by extreme risk factors, and the current market faces relatively small risk factors, so it is expected that the downside space of the future market is limited. Future proactive policy efforts or marginal improvement in fundamentals are expected to promote the stable rebound of the market. In terms of allocation direction, the focus is on following the high dividend direction.