Founder Securities: The automotive market is expected to continue its quarter-on-quarter growth trend in the fourth quarter

36Kr learned that a research report from Founder Securities stated that the automotive market is expected to continue its quarter-on-quarter growth trend in the fourth quarter. After experiencing a correction, the current PE-TTM is below the 50th percentile of the past five years. There is hope for continued recovery in November and December, coupled with a recovery in exports in the fourth quarter and next year. The pessimistic expectations for the first quarter of next year are gradually being digested and bottoming out. Focus on the low-position rebound opportunities in the sub-sectors (buses, heavy trucks, traditional complete vehicles/parts) under the internal high-low switching of the automotive sector; leading companies in sub-industries with high overseas proportions and strong profitability; and companies with stable fundamentals and external catalysts