Liu Hua (pseudonym), an equity fund manager, said that near the end of the year, the trading volume of the institutions was enlarged due to the consideration of adjusting positions at the end of the year or laying out the cross-year market, but it would not have a significant impact on the sustainability of the market.
China Merchants Fund said that from the recent trend, the main line of the market is further switching to undervalued Pro cyclical varieties. Under the background of slow release of overseas risks, inflow of foreign capital and sustained recovery of domestic economy, the stock index is expected to launch a cross-year market.
Internal differentiation of periodic plates
Jingshun Great Wall Fund believes that under the background of vaccine landing and global resumption of work, it continues to emphasize the leading advantages of Pro cyclical industries, but after the early rise, some pro cyclical industries, including automobiles and household appliances, may have a relatively limited space for growth.
According to Liu Hua, plate differentiation is normal and not unique to periodic plates. With the exception of several major emerging industries, the competitive pattern of various physical industries has basically been determined. The advantages of industry leaders will continue to expand, and the survival space of small and medium-sized enterprises will gradually be compressed, he said. In terms of stock price, the strong will always be strong, and high-quality companies will continue to be sought after by funds.
For the liquor sector, Hou Hao, fund manager of China Securities Baijiu index fund, pointed out that near the end of the year, major liquor companies have basically settled accounts, and the plate is expected to enter the period of shrinking and raising prices before the Spring Festival peak season. After digesting the short-term information vacuum period, plate sentiment is expected to be boosted. In the current position, we can actively layout the cross year market of liquor plate and pay attention to the next years planning of liquor enterprises. With the leading liquor enterprises increasing the proportion of direct sales, there is a high probability that the performance from the fourth quarter of this year to the first quarter of next year will continuously exceed the expectation, and the liquor industry is expected to show a high recovery elasticity in the first half of next year.
Jingshun Great Wall Fund said that it is optimistic about the export industry chain benefiting from the global economic recovery, and the real estate leader with low valuation, sales toughness and continued local auction enthusiasm. Investors can actively grasp the low-income opportunity at the current point.
In addition, Li Shuang (Jin Qilin, an analyst) who is to be appointed as a mixed fund manager of Chinese business prosperity optimization, said that at the current time point, some traditional industries such as chemical industry, nonferrous metal industry and large finance industry with upward trend are worthy of attention.