In October, brokerage gold stocks were released! (Supplementary shares)

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As the market closes in September 2025, many securities firms have announced their investment portfolios in October.
Wind data shows that as of press time, a total of 111 targets have been shortlisted in the October monthly "gold shares" portfolio of 13 securities firms.SMIC, WuXi AppTec,Huayou Cobalt,Hikvision,Haier Zhijia, etc. have attracted attention from securities firms.Xinhua Insurance,Ziguang Guowei,Tuopu Group,Haiguang Information,Fuyao Glass,Sunshine Power, etc. have been recommended by securities firms.
Looking forward to the upcoming A-share market in October, institutions generally believe that under the long-term policy support, intensive industrial catalysis and loose liquidity environment, the market will continue the structural market of "growth-oriented and cyclical supplemented" in October. Trends such as technological growth and high-end manufacturing are worthy of attention.
As of press release on October 1, 13 securities firms have released the latest monthly "gold stock" portfolios, and the investment value of 111 stocks in October was recognized by securities firms. In terms of the number of recommendations, SMIC, WuXi AppTec, Huayou Cobalt, Hikvision, Haier Zhijia and other stocks were recommended by two securities firms, including Haitong International,Guosen Securities,Everbright Securities,Zhongtai Securities, etc.
Judging from the industries in which individual stocks rank top in the number of recommendations by securities firms above, individual stocks in the information technology industry suchas Zhaoyi Innovation,Daotong Technology,ZTE, SMIC, and Hikvision are the most favored by brokerage institutions.In this regard, Everbright Securities believes that under the liquidity-driven market, TMT (an industrial collection with information technology as the core and covering many fields such as the Internet, multimedia, and communications) will be more likely to become the main line in the medium term of the market, and this may be the case in this round. The TMT sector currently has many catalysts, such as the continued progress of industrial trends and the start of the Federal Reserve's interest rate cut cycle. It also has upward momentum. Judging from the recent rotation of the sector, TMT has already taken an advantage and the market may continue in the future.
In terms of individual stocks, whenHuaan Securitiesrecommended SMIC, it said that SMIC, as the only leading wafer foundry company in China with advanced process technology, has deeply benefited from the explosion in demand for AI chips and the trend of localized substitution. In addition, the company's irreplaceability in the field of domestic AI computing power chip OEM has made it a core supplier for key customers such as Huawei Shengteng andCambrian, and order visibility has been extended to 2026. The company is accelerating breakthroughs in the field of 12-inch advanced processes (14nm and below). Advanced process revenue is expected to increase by 68% year-on-year in 2025. It plans to increase production capacity to the level of the world's third largest wafer foundry through expansion.
Regarding WuXi AppTec, Huaan Securities believes that some global CXO giants have recently raised their performance guidance, including Medpace, Labcorp, ICONplc, Lonza, etc., mainly due to the Federal Reserve's interest rate cut, which has boosted Biotech (biotechnology) investment and financing, weaker than expected tariff shocks, and explosive demand for innovative drugs. Driven by factors such as the explosion in demand for CDMO.The increase in performance guidance for U.S. CXO companies usually means that global pharmaceutical R & D demand is picking up, which is expected to drive the growth of orders from domestic CXO companies and transmit it to the performance level, especially leading companies that rely on overseas markets, including companies.
Historical data shows that pre-holiday market trading tends to be light and volatility is narrowed, and some funds choose to temporarily leave the market for risk avoidance reasons. However, markets often see a return of funds after the holidays. According to statistics fromGuangfa Securities, the probability of A shares rising in the first week after National Day in the past ten years has exceeded 70%, providing strong support for holding shares during the holidays.
Guangfa Securities believes that many important events will be implemented in a concentrated manner after the holiday this year, including the Federal Reserve's interest-rate meeting, the opening of the disclosure window for the third quarterly report, and the strengthening of policy expectations at the Fourth Plenary Session of the 20th Central Committee. These factors are expected to inject new vitality into the market. Currently, A-shares are in a multiple favorable environment with strengthened policy expectations, step-by-step confirmation of bottom earnings, and reasonable and abundant liquidity. As post-holiday events catalyze, the market is expected to regain consensus and launch a new round of shocks.
Galaxy Securities believes that in October, opportunities for A-shares may be more concentrated in the field of technological growth, while Hong Kong stocks benefit from unique market structures and external liquidity expectations. First of all, October is a key policy layout window, and the Fourth Plenary Session of the 20th CPC Central Committee focuses on the 15th Five-Year Plan. As the meeting time approaches, capital market expectations are stable and rising.Secondly, Xiaopeng's fifth-generation humanoidrobot will be unveiled on "Xiaopeng Science and Technology Day" on October 24. At the annual meeting of the European Society of Medical Oncology (ESMO) in mid-October, many China pharmaceutical companies will release new drug developments, and the robot and innovative drug sector may benefit. Finally, the market is strongly betting that the Federal Reserve will cut interest rates again in October, but its enthusiasm for cutting interest rates again in December has weakened slightly. If it is realized, the Hong Kong market will benefit simultaneously due to the linked exchange rate system, promoting capital inflows and the recovery of the local market.
Centaline Securitiessaid that looking forward to October, the Federal Reserve will cut interest rates, raising market expectations for the central bank to cut interest rates, which in turn will drive an increase in risk appetite. At the same time, policies to help economic recovery have been introduced one after another, providing strong support for stock market confidence. However, the current increase in congestion in the technology sector has also increased market volatility. In this context, investors are advised to continue to take into account the allocation of growth and value styles, focusing on TMT, pharmaceuticals, securities and other industries.