Fund managers say A-share core assets poised for value re-rating

This is a sentiment signal from domestic fund managers rather than a market-moving event, and its significance lies in the explicit framing of a "re-rating window" built on the gap between cyclical-high earnings and compressed valuations. The argument leans on dividend cash flow and net assets as support in a low-rate environment, which speaks mainly to large-cap blue-chip holders and income-oriented allocators. Whether the re-rating thesis gains traction beyond commentary is the open question, since the case rests on valuation compression reversing rather than on any new fundamental catalyst.