Huatai Securities Favors Optical Comms, PCB, Domestic Compute Leaders in Tech

This is a brokerage strategy call, not a market-moving event, so its significance lies mainly in how it frames the current A-share setup: the argument is that pre-holiday selling has already reset valuation and positioning risk, making a rebound more plausible rather than less. The named preferences — optical communications, PCB and domestic compute — signal where sell-side analysts see the clearest earnings visibility within tech, while chemicals and paper reflect a more cyclical, spread-driven bet and dividend names a defensive anchor. Whether that rotation actually shows up in flows after the holiday is the open question.