The third quarter report appointment schedule of Shanghai main board company comes out, and Jianyou Co., Ltd. takes the lead
On September 25, the Shanghai Stock Exchange disclosed the first appointment schedule for the third quarterly report of the main board Companies in Shanghai Stock Exchange. Jianyou Co., Ltd., from the chemical and pharmaceutical industry, will take the lead in issuing the third quarter report on October 10. Following that, Zhongtong Guomai will be disclosed on October 12, and massive data and chengdi shares will be disclosed on October 13.
The first batch of 4 science and technology innovation board 50ETF sold out one day, and the market competition was fierce
The volatile market did not affect the enthusiasm of investors to rush to buy Kechuang board 50ETF. On September 22, the first batch of four science and technology innovation board 50etfs were snapped up by funds when they were sold. According to the information disclosed by securities dealers, by the end of the sales war at 3:00 p.m., all four products were sold out on one day, attracting about 100 billion yuan of funds.
Under the A-share earthquake, the previous top funds have been out
As we celebrate the national day of the 11th National Day, we may as well take a look at the latest performance ranking of public funds in the first three quarters of this year, the Securities Times reported.
Affected by the recent A-share market shock adjustment, the yield of active equity funds slightly narrowed than before, but the overall return is still as high as 27%. In addition, major changes have taken place in the thematic pattern of the fund performance list, with the former dominating pharmaceutical theme funds substantially withdrawing from the top 20 of the list.
Under the overall high return, the performance differentiation of active equity funds is obvious, with a difference of nearly 120 percentage points between the beginning and the end. Combined with part of the funds heavy positions, many fund positions with lower yield are mainly financial, real estate and other undervalued plates.
This years IPO fundraising and number of issuers may reach the highest in 10 years
Wind data shows that by the end of September, by the end of September, the initial capital raising amount of A-share IPO in the first three quarters of this year has reached 355.738 billion yuan, a record high in 10 years (since 2011 to date); the number of A-share IPOs in the first three quarters has reached 295, a new high in nearly three years, which is only 143 short of the IPO peak in 2017. According to the current IPO speed, the number of initial public offerings may reach 10 years by the end of the year Come to new heights.
The box office of National Day movies is gratifying, and the film and television industry is expected to benefit
According to the data of cats eye professional edition, as of October 3, the box office of 2020 has exceeded 10 billion. The latest figures show that the cumulative box office of the films my hometown and I and Jiang Ziya released on October 1 has exceeded 1 billion.
Wanlian Securities said that it was fully optimistic about the resonance between the release of many high-quality films on the supply side and the release of the long suppressed demand side. After the resumption of work, the performance of the cinema line film enterprises will recover. It is suggested to pay attention to the core producers of relevant films, leading cinemas and cinemas with low-level urban layout.
One box is hard to find! Shipping company performance expected to exceed expectations
Yang Xin, managing director of Research Department of CICC and director of transportation and infrastructure research, believes that COSCOs performance in the third quarter exceeded expectations, and the level of freight support after the peak season is expected to exceed expectations, laying the foundation for the long-term contract negotiation next year. Based on the current industry structure (the concentration of container shipping industry has been greatly increased, and the share of the top ten transport capacity has increased from less than 60% 10 years ago to 83%), the market can expect the industrys profit center and valuation level to rise in the long term.
Several tire manufacturers announced price increases
After the price increases of Zhongce and Linglong, Bridgestone American tire operation Co., Ltd. (Bato) will increase the price of its Firestone truck and bus radial tire on November 1. Bridgestone said the average increase in Firestones tbr portfolio was 5%, but some tire prices would rise by 8%. Sailun tire announced to adjust the price, and adjusted the price and preferential policies of various passenger car tire brands of the Sailun group, with the price increase range of 3% - 7%.
Individual stock events
Boya Bio: China Resources Pharmaceutical Holdings will become the controlling shareholder of the company
Boya bio announced that gaotejia group, the controlling shareholder of the company, signed the investment framework agreement, share transfer agreement and voting rights entrustment agreement with China Resources Pharmaceutical Holdings on September 30, 2020; on the same day, the company signed a share subscription agreement with China Resources Pharmaceutical Holdings. After the above agreements come into effect and are implemented, the control rights of listed companies will be changed. China Resources Pharmaceutical Holdings will become the controlling shareholder of the company, China Resources Co., Ltd. will become the actual controller of the company, and the state owned assets supervision and Administration Commission of the State Council will become the ultimate actual controller of the company. The companys shares will resume trading from the morning of October 9, 2020.
Shandong gold plans to privatize Hengxing gold by agreement
Shandong gold announced that the company plans to privatize Hengxing gold and purchase 100% of its shares in the form of agreement arrangement, and the purchase consideration will be fully paid with H shares issued by the company. Hengxing gold shareholders will receive 5 / 29 H shares of Shandong gold according to each share they hold. On the effective date of the agreement, the target company will become a wholly-owned subsidiary of Shandong gold, and the listing status of the target companys shares on the Hong Kong Stock Exchange will be revoked.
CRRC times electric is going to be listed on the science and Technology Innovation Board
CRRC announced that on September 30, 2020, the board of directors of the company approved the companys indirectly controlled subsidiary Zhuzhou CRRC times Electric Co., Ltd. to apply for the initial public offering of a shares in China and to be listed on the science and technology innovation board. As of the date of this announcement, CRRC times Electric has been listed on the main board of the stock exchange of Hong Kong Limited.
Lifting of restricted shares
Wind statistics show that 10 companies have released the restrictions on Friday, with a total of 362million shares. According to the latest closing price, the market value of the ban is 3.894 billion yuan, of which the largest market value of the ban is 1.372 billion yuan, accounting for 35.23%. In addition, the market value of both Haohua technology and Weihua shares is more than 1billion yuan.
New issue calendar
According to the current listing plan, a total of 4 new shares were applied for on Friday, namely AoHong electronics, metro design, Rijiu optoelectronics and Kesi technology. As shown in the figure below:
Institutions look at the future market
Boshi fund Wang Jun: keep cautious in the fourth quarter, optimistic about new energy, big chemical industry and other industries
Wang Jun, research director of Boshi fund research department, said that looking forward to the fourth quarter, he held a cautious attitude towards a shares and expected to increase volatility, but the decline was limited. Economic recovery makes the overall profit of A-share in the recovery. The liquidity margin can not be more relaxed, so that the improvement of the overall market valuation level is restrained.
In terms of allocation, it is suggested to reduce the allocation of overvalued industries and increase the allocation of undervalued industries benefiting from economic recovery. The current overvalued pharmaceutical, technology and consumer listed companies themselves imply higher growth expectations or lower risk-free interest rates. In the process of economic recovery, the risk-free interest rate is difficult to fall, and the performance of most companies in these industries is difficult to exceed expectations. Optimistic about the configuration of new energy, industrial metals and chemical industry, and select the companies with long-term competitiveness.
China Post Fund guoxiaowen: A shares after the structural market or will continue
Guo Xiaowen, fund manager of China Post Fund Co., Ltd., believes that the loose liquidity situation in the market this year will continue. He is optimistic that the market will continue to rise in the fourth quarter, that the incremental funds of public offering and insurance institutions will continue to enter the market, and the market structural market will continue. It is suggested to focus on domestic substitutes and related targets of science and technology innovation board, and pay attention to new energy, military industry and securities companies from the perspective of prosperity.
Wu Hao of CITIC Prudential Fund: the logic of market rise switching from liquidity to fundamentals
Looking forward to the fourth quarter and next year, Wu Hao, fund manager of CITIC Prudential, believes that with the promotion of global vaccine research and development, the related impact of the epidemic will gradually fade away, economic growth and policy portfolio will return to normal. As market interest rates return to the central level, the elasticity of valuation driven by liquidity will decline, and the relative valuation level will be determined more by fundamental differences themselves.
Wu Hao said that we will also pay more attention to the subdivision direction of the industrys own industry cycle and policy cycle to maintain or improve the prosperity. In particular, the Fifth Plenary Session of the CPC Central Committee in late October is expected to release Chinas 14th five year plan, which will have a significant impact on equity investment. In addition to traditional strategic emerging industries such as cloud computing, semiconductors, and new energy, we will also pay more attention to the subdivision direction of business prosperity We will also keep an eye on the military industry, securities companies and other industries.
Qiu Jingmin, Guangfa new economic fund: from a long-term perspective, grasp the general direction of the industry
Qiu Jingmin, manager of Guangfa new economic fund, believes that it is very difficult to predict the short-term market trend and direction. If we look at the problem in the long run, it will be much simpler. From the long-term trend analysis of economic restructuring and industrial upgrading, the market will still present structural opportunities in two major areas in the future: the first is consumption upgrading, the second is scientific and technological progress. These two plates will breed a large number of excellent growth enterprises.
He Xiaochun of Morgan Stanley Huaxin Fund
Looking forward to the fourth quarter, he Xiaochun, assistant general manager of Morgan Stanley Huaxin Fund, predicts that the overall market will maintain a volatile pattern, and the focus of portfolio management is to do a good job in industry and style configuration. The four seasons can focus on the following aspects.
First, the consumer medicine technology industry, which has high performance certainty and long-term high prospect, pays attention to the opportunities for industry layout adjustment. In the medium and long term, this kind of industry is basically oriented to good and has higher certainty. In the process of market adjustment, if the valuation returns to a reasonable level, it is worth seizing its allocation opportunities. The science and technology sector has continued to adjust since July. The upward pressure of long-term and long-term interest rates on valuation has weakened, and the negative effects such as external uncertainties have been gradually digested. The allocation opportunities of consumer electronics and new energy sectors with higher prosperity are also worthy of attention. The second is the benefit direction of economic recovery, which can focus on Pro cyclical manufacturing industry and optional consumption. With the resonance recovery of domestic and foreign economy, the demand for midstream manufacturing and optional consumption is improved, and the profits can be continuously restored. The focus is on household appliances, automobiles, construction machinery, building materials and chemical industry. The third is to actively arrange the thematic investment opportunities of related industries under the guidance of the 14th five year plan. On the whole, the factors affecting the market in the fourth quarter are more complex. While ignoring the index, the allocation will focus on structural opportunities. Source: Wind Information Editor: Yang Qian_ NF4425
First, the consumer medicine technology industry, which has high performance certainty and long-term high prospect, pays attention to the opportunities for industry layout adjustment. In the medium and long term, this kind of industry is basically oriented to good and has higher certainty. In the process of market adjustment, if the valuation returns to a reasonable level, it is worth seizing its allocation opportunities. The science and technology sector has continued to adjust since July. The upward pressure of long-term and long-term interest rates on valuation has weakened, and the negative effects such as external uncertainties have been gradually digested. The allocation opportunities of consumer electronics and new energy sectors with higher prosperity are also worthy of attention.
The second is the benefit direction of economic recovery, which can focus on Pro cyclical manufacturing industry and optional consumption. With the resonance recovery of domestic and foreign economy, the demand for midstream manufacturing and optional consumption is improved, and the profits can be continuously restored. The focus is on household appliances, automobiles, construction machinery, building materials and chemical industry.
The third is to actively arrange the thematic investment opportunities of related industries under the guidance of the 14th five year plan. On the whole, the factors affecting the market in the fourth quarter are more complex. While ignoring the index, the allocation will focus on structural opportunities.