Although the market performance in September was poor, especially before the festival, the market was relatively cold. However, the institutions did not seem to be pessimistic about the next market situation. Tianfeng Securities pointed out that after the market adjustment before the festival, the probability of the market facing reversal after the festival was higher.
So how to connect the next market layout for ordinary investors, the gold stocks recommended by securities companies in October may be used as a reference.
According to the statistics of the Financial Association, as of the time of publication, nine securities companies, including Huatai Securities, have released the gold stock portfolio in October, among which Sany Heavy Industry has been recommended the most times, and the three securities companies including China Securities construction investment have listed the stock as one of the top 10 gold stocks.
Sany Heavy Industry this months rise can be called strong, in the overall market in the adjustment state, the stock monthly increase of more than 12%, in a number of white horse stocks is particularly eye-catching.
Anxin securities research paper pointed out that although the companys profitability continued to improve, cash flow reached a record high, the performance of the Zhongbao was excellent. However, from the perspective of medium and short-term perspective, the construction machinery industry is expected to maintain a high boom due to the resonance of the upward economic cycle and the reasonable anti cyclical fiscal policy. The company benefits from the increase of market share, the recovery of export growth rate and the improvement of intelligent digital level, and its future performance is expected to maintain rapid growth.
It is worth noting that the companys industry is still in a high boom. According to CICC Research Report, in the medium and long term, the construction machinery industry is expected to maintain a small growth in the next two years, of which road machinery will maintain a compound growth rate of 5% - 10%, and non road machinery will be high and stable.
In addition, Wuliangye, dangsheng technology, Jindi group and Zhongding shares were recommended relatively frequently, and both were recommended by two securities companies.
Soochow securities is relatively cautious about the future market. In the Research Report on September 30, Soochow securities research paper pointed out that the overall follow-up market will still be dominated by weak shocks, and the market will focus more on structural market. From the perspective of industry configuration, the layout can be carried out according to three major ideas:
The second way of thinking is from the game level. The fourth quarter will be a rebalancing of styles. Banks, real estate and automobiles in undervalued industries will be favored.
The third way of thinking is to focus on the leading companies in the field of science and technology growth. The high landscape and high growth rate make it able to quickly digest the current overvalued value.
Source of this article: Zhang Mei, editor in charge of CFA_ NF2100