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By Dai Qi

China's securities companies were bullish about the A-shares' performance in the fourth quarter, the Shanghai Securities News reported on Monday.

Many of them expressed that the last quarter of this year was not expected to go through the similar twists and turns as the previous three quarters.

Most securities companies predicted that various industries such as finance, national defence and military, as well as 5G could attract more capital inflow.

Everbright Securities said in its fourth-quarter outlook report that the A-shares in social financing and infrastructure building would be stabilized and even see a rebound in the fourth quarter due to the structurally relaxed credit, monetary and fiscal policies.

Shanghai Securities said leading A-share listed companies were expected to benefit from the A-shares inclusion into the MSCI and the FTSE's global equity benchmarks, the world's first two leading index providers, as well as the Shanghai-London Stock Connect.

Bohai Securities said recently, the valuation of listed companies on the A-share market was at a comparatively low point and the number of repurchases increased, which could stop A-shares from further declining.

Regarding capital allocations, securities companies suggested three industries, namely finance, national defence and military, as well as the 5G industry.

Shenwan Hongyuan Securities said they saw investment opportunities in the national defence and military, computer and 5G industries.

Shanghai Securities had similar views on national defence and military and the 5G industries. To be specific, they looked to further increase in large aircraft and the construction of a 5G base stations.