Early comments: Shanghai index opened 0.16percent lower, leading the increase in liquor sector

category:Finance
 Early comments: Shanghai index opened 0.16percent lower, leading the increase in liquor sector


Tianfeng Securities: in the first quarter of 2020, on the basis of endogenous improvement of economic fundamentals, special bonds will be issued in advance to increase financial expenditure, structural credit policies will support financing of manufacturing enterprises, and appropriate liquidity cooperation will be given in monetary aspect, so the probability of the economy getting a good start is high. However, restricted by the high CPI, in order to manage inflation expectations well and prevent the spread of inflation expectations, monetary policy may be difficult to give a clear signal of re easing. From the beginning of the second quarter, CPI pressure will gradually ease, PPI will end to rebound and return to deflation, and the trend of CPI and PPI will return to unity from a year long deviation; on the other hand, the downward pressure of the economy will increase again from the beginning of the second quarter. Therefore, if monetary policy releases clear easing signals again, the second quarter may be the key point.

Shanxi Securities: the rise of CPI restricts the downward trend of short-term policy interest rate. In terms of medium-term factors, the downward trend of risk-free interest rate is limited, the expectation of economic fundamentals is weak, and the market does not have the basis for a substantial rebound. This week, the companys three quarterly report intensively released the hype fund for the performance vacuum period has broken a basin of cold water, which will cause the market to review the enterprise fundamentals again. The current market valuation level will be tested by the performance growth, and the fund will also adjust the position and the allocation ratio of the industry accordingly. In terms of industry allocation, it is suggested to continue to over match the real estate, large infrastructure and building materials with stable growth of undervalued value, the agriculture, forestry, animal husbandry and fishery with obvious supply-demand gap in the near future, and the non-silver plate with obvious policy inclination. Standard power, high-speed, express delivery, banking and other industries with higher certainty. Avoid food and beverage, home appliances and automobile sectors.

Everbright Securities: after yesterdays opening, the market was in shock and weakened, the blockchain sector continued to differentiate, and the overall market capacity was insufficient. In the near future, 12 occupational pension projects have been put into operation. In the near future, more than one occupational pension project manager will start bidding. Large capital increase will continue to bring considerable long-term capital to the capital market, and the long-term value of a share will become increasingly apparent. In the short term, we still need to control risks, patiently wait for opportunities, and pay attention to the technology stocks and blue chips whose performance is better than expected in the near future. Shenguang finance and Economics: the popularity of science and technology stocks masks the advantages of blue chip stocks in finance and traditional industries. In fact, from the three quarterly reports of listed companies, blue chip stocks in banking, insurance, securities, construction, medicine, food and beverage and many other fields are undervalued, especially in large finance. With the increasing interest in over-the-counter capital investment in a shares, we believe that these undervalued blue chips will become The strategic goal is the same for ah shares. In the high growth area, each segment of technology shares maintains certain advantages. There are still many real growth companies in the growth track of white horse and blue chip stocks on the small and medium-sized board and the growth enterprise board. In terms of investment layout in the future market, we tend to continue to optimize individual stocks in the two dimensions of underestimation and high growth, with multi-point layout and patience to watch opportunities. Source: editor in charge of Finance and economics of Netease: Yang qian_nf4425

Everbright Securities: after yesterdays opening, the market was in shock and weakened, the blockchain sector continued to differentiate, and the overall market capacity was insufficient. In the near future, 12 occupational pension projects have been put into operation. In the near future, more than one occupational pension project manager will start bidding. Large capital increase will continue to bring considerable long-term capital to the capital market, and the long-term value of a share will become increasingly apparent. In the short term, we still need to control risks, patiently wait for opportunities, and pay attention to the technology stocks and blue chips whose performance is better than expected in the near future.

Shenguang finance and Economics: the popularity of science and technology stocks masks the advantages of blue chip stocks in finance and traditional industries. In fact, from the three quarterly reports of listed companies, blue chip stocks in banking, insurance, securities, construction, medicine, food and beverage and many other fields are undervalued, especially in large finance. With the increasing interest in over-the-counter capital investment in a shares, we believe that these undervalued blue chips will become The strategic goal is the same for ah shares. In the high growth area, each segment of technology shares maintains certain advantages. There are still many real growth companies in the growth track of white horse and blue chip stocks on the small and medium-sized board and the growth enterprise board. In terms of investment layout in the future market, we tend to continue to optimize individual stocks in the two dimensions of underestimation and high growth, with multi-point layout and patience to watch opportunities.