Huatai Securities A-Share Strategy: Watch for Oversold Rebound as Sentiment Clears

36Kr learned that Huatai Securities issued an A-share strategy research report stating that A-shares were weak early and strong later last week, with a volume-driven recovery on Friday, though major indexes still closed slightly lower for the week. The firm's estimates show the A-share sentiment index entered pessimistic territory for the first time since August, and support from stabilizing funds has strengthened. However, overseas disruptions are still unfolding, and the return of trading-oriented capital and the clearing of institutional positions will take time, so the report suggests treating the market as a short-term oversold rebound. Reviewing similar oversold rebound phases in the ChiNext historically, electronics, telecommunications, machinery, power equipment, and small-cap styles have tended to lead. In terms of allocation, for the technology sector the report recommends watching PCB, passive components, and optical modules, which have seen sequential earnings improvement and prior oversold declines; thematic focus includes humanoid robots, defense, and AI applications. In non-tech sectors, it highlights general equipment and healthcare services, where profit growth is accelerating.