It is worth noting that, in sharp contrast to these bull stocks, 47 stocks in the two cities still fell by more than 50%. These stocks with larger declines are generally concentrated in the st plate, and the characteristics of small market value are more obvious.
CSCI also pointed out in the previous research report that market funds are still in a cautious defensive state and it is difficult to break through upward. Therefore, it is suggested that investors should pay more attention to the profit-making effect of individual stocks, control the rhythm and participate in the market properly. It is suggested that investors should follow the policy driven and fundamental replenishment to find the main line of investment.
How do institutions view future market opportunities?
Although it is very difficult to catch bull stocks, it is obvious that investment around industries with high prosperity can achieve twice the result with half the effort. Tianfeng securities and other institutions have expressed their views on how to layout the future market
Xu Biao, an analyst at Tianfeng securities, pointed out that before and after the first quarter of each years spring turmoil, the macro liquidity is relatively abundant and the micro level transactions are active, which corresponds to the higher risk preference of the market, so the market gives a higher weight to the long-term performance outlook. Technology and some themes have such a long-term growth advantage, so the rebound space is larger.
In terms of industry configuration, considering the improvement degree and follow-up sustainability of the performance of China Daily, the valuation of leading companies, and the judgment of the possibility of performance exceeding expectations, Xu Biao suggested that the focus of the second quarter of the industry segmentation report include: 5g infrastructure, big data center, medical information, medical equipment, food and snacks, high-end wine, vaccine, catering and short-distance tourism, domestic furniture , decorative building materials, prefabricated buildings.
Anxin Securities said that it is expected that a shares will still benefit from the continuous marginal improvement of liquidity, profitability and risk appetite, showing a upward trend of shocks. If the market has a short-term correction due to external disturbances, it will actively focus on the layout opportunities. Recently, the industry focuses on: new energy vehicles, military industry, semiconductor, cloud computing, Internet, communication, securities companies, aviation, etc., and the theme focuses on autonomous control, Satellite Internet, Hubei regional revitalization, etc.
According to Guosheng Securities Research Report, at present, the pace of resumption of work and production is clear, and the improvement of economic margin is high; the important meeting will be held soon, and the policy will enter the warm-up period; the heavy policy will support the regional economic development, and benefit the real economy and financial market. We believe that the callback space is relatively limited, and the market is expected to be restrained first and then lifted. In terms of operation, we should maintain the previous view, and not be too pessimistic in the future. Domestic demand and import substitution are still the focus in the later period. Focus on domestic demand supported by policies and areas affected by the epidemic, such as building materials, automobiles, home appliances, home furnishings, leading real estate, hotels, film and television, food and beverage, etc.
Source: Financial Association editor in charge: Yang Bin_ NF4368