Shanghai strong, deep weak, consistent with the market style
According to 21 INVESTMENT intelligence monitoring, northward funds swept goods in a large scale on Monday, with a net purchase of 10.05 billion yuan, and continued to sweep goods on Thursday and Friday, respectively, with net purchases of 6.029 billion yuan and 2.477 billion yuan. Northbound capital has maintained net buying for the fourth consecutive week, with a net purchase amount of 16.85 billion yuan. Among them, the total net purchase amount of Shenzhen Stock connect was 5.341 billion yuan, and the total net purchase amount of Shanghai Stock connect was about twice that of Shenzhen Stock connect, reaching 11.509 billion yuan, showing a typical pattern of Shanghai strong and deep weak, consistent with the style of the recent market. According to wind data statistics, up to now, the total net purchase of northbound funds this month has reached 52.99 billion yuan, and this years total net purchase has reached 146.754 billion yuan.
Recently, the Shanghai and Shenzhen Stock Exchange released good news of northward fund, and the stock of science and Technology Innovation Board will be included in the subject of Shanghai Shenzhen Hong Kong stock connect. Analysts said that this will broaden the channels for international investors to buy, and will also help improve the structure of A-share investors.
Looking forward to the future, many institutions believe that the proportion of foreign investment in a shares will increase.
YueKai Securities: it is estimated that in 2021, smart money northbound capital is expected to return to large net purchases, and Beishang + QFII is expected to bring 400 billion yuan of incremental capital to a shares.
Societe Generale Securities: in the long run, firstly, the correlation coefficient between A-share and US stock market is low, reflecting the advantage of multi market allocation; secondly, the weakening of US dollar is beneficial to emerging markets, and China is the most benefited; thirdly, the volatility of A-share is reduced, which has more allocation value; finally, at present, foreign-funded shares account for only 5% of the circulating market value of A-shares, compared with 15% in the United States, 30% in Japan and South Korea, and foreign capital in A-share is foreign-funded There is still room for doubling.
Increase in auto industry
Reduce security equipment
In terms of industries, this week, northward capital increased its holdings in 40 industries, among which the automobile industry took the lead with a net purchase amount of 2.465 billion yuan, followed by the home appliance industry with a net purchase of 2.370 billion yuan, and the insurance industry was also increased by more than 2 billion yuan. In addition, electronic components, transmission and distribution electricity, pharmaceutical manufacturing, chemical industry and electronic information industry were all bought more than 1 billion yuan. It is worth noting that since this year, the top sectors of the net inflow of capital from northbound are industry, information technology and materials.
In terms of the net reduction amount, the northward fund reduced its holdings in 21 industries, of which security equipment was the largest, with a net sales amount of 1.170 billion yuan, followed by the liquor making industry, with a net sales of 1.083 billion yuan. In addition, cement building materials and software services were also reduced by more than 1 billion yuan.
Northbound capital continues to increase Gree Electric Appliances
Gree Electric (000651. SZ) is favored by northbound funds and has been net bought for seven consecutive trading days. This week, it has bought 2.125 billion yuan and 6.032 billion yuan in the past month. Since buying the stock, it has been rated by rating agencies in November. It is expected that the highest target price is Southwest Securities. The research report issued by Southwest Securities on November 1 gave the company a target price of 73.26 yuan. CAITONG Securities said that the recovery in the third quarter of the home appliance industry exceeded expectations due to the recovery of domestic home appliance volume and price and the fullness of export orders. According to the annual data of Beishang capital holding market value, the three industries of food and beverage, medical biology and household appliances hold the highest market value.
Ping An of China (601318. SH), the head of Chinas insurance industry, was net bought 1.647 billion yuan this week. Although Ping Ans performance has been under pressure in recent years, its life insurance reform is forward-looking and strategic in the industry, and the future reform results are worth looking forward to. In addition, the company has strong expectations for the improvement of next years performance, and the companys growth has high certainty.
On the 25th, Hengrui Pharmaceutical (600276. SH) announced that the companys two innovative drugs were included in the breakthrough treatment varieties, which will be combined for the treatment of cervical cancer. Driven by innovative drugs, it is expected that the revenue of tumor drug sector will maintain a growth of more than 40%. In addition, Hengrui pharmaceuticals third quarter performance improved month on month, and was increased by 1.087 billion yuan by northward funds this week.
Electrification is a clear development trend of the automobile industry. The superimposed policies are actively guiding and favorable. The growth and certainty of the leading companies in the new energy vehicle subdivision industry are both mixed. Therefore, Ningde era (300750. SZ), the leader of power lithium battery, and SAIC Group (600104. SH), Chinas largest automobile group, were increased by RMB 993 million and 891 million respectively this week.
Premium Wuliangye sold off
Among them, although Wuliangye continued to be reduced by more than 1 billion yuan this week, Wuliangye had two large transactions on the 27th, which was 9.28% higher than the closing price of that day. Wuliangye benefits from high-end liquor high scenery and the companys channel reform dividend continues to release, and the companys performance is expected to continue to grow.
(statement: the contents of this article are for reference only and do not constitute investment suggestions. Investors operate on this basis at their own risk.)
Source: Yang Bin, editor in charge of economic report in the 21st century_ NF4368