Seasonal Pro cyclical battlefield locked? 13 securities companies standing in line in steel stocks

category:Finance
 Seasonal Pro cyclical battlefield locked? 13 securities companies standing in line in steel stocks


It can be seen that since November, 13 securities companies, including Guotai Junan Securities, Shenwan Hongyuan securities, Soochow securities and Pacific Securities, have issued 66 research reports and are optimistic about the fourth quarter performance of the steel industry.

We dont think the steel market will continue to improve in the fourth quarter of 2021 Guotai Junan Securities made such a statement in the strategy report.

Although the iron and steel plate rose nearly 20% in the month, nearly half of the stocks were still in the breaking net state. The latest price to book ratio of 16 steel stocks, including HEC, Angang, Benxi Steel and Xinsteel, was less than twice.

In an interview with Securities Daily, Wang Chunxiu, manager of dongtuo investment fund, said that the undervalued value of steel stocks has a long history, and it also has its rationality: on the one hand, the upstream iron ore and coal are controlled by others; on the other hand, the downstream products are homogenized, resulting in serious overcapacity. For a long time, iron and steel enterprises have been in a state of meager profits squeezed on both sides, and the valuation has been very low, breaking the net normal.

As for the investment opportunities of iron and steel stocks, according to the data of flush, in the past month, a total of 16 iron and steel stocks have been rated as buy or increased holding by the institutions. The number of optimistic rating agencies of Baosteel, valing steel, Fangda special steel, Jiuli special materials and Yongxing materials are all 5 or above.

Source of this article: Yang Qian, editor in charge of Securities Daily_ NF4425