Coal flying color dance! Guotai Junan Huang Yanming recommends three golden flowers

category:Finance
 Coal flying color dance! Guotai Junan Huang Yanming recommends three golden flowers


Coal is really on fire

On December 2, the A-share index remained volatile, with the Shanghai Composite Index breaking through the July 3458.79 peak to 3465.73. But the rally failed to hold up, rising only 0.09% to 3454.96 at the end of the morning.

Source: Oriental Fortune

In todays disk, is still coal flying color dance.. Coal plate continued to soar, up 1.67%, steel and non-ferrous metal plate also led a share, hard goods three brothers scenery unlimited.

Source: Oriental Fortune

In the coal plate, Zhengzhou coal power is still the leader of the carrying the handle. Today, it also rose again, setting 8 boards in 9 days, with an increase of 92.74% in 9 trading days. The stock price rose from 2.34 yuan to 4.51 yuan, which is on the eve of doubling. But also need to pay attention to the risk of speculation, in these 9 days, its turnover rate as high as 82.35%.

Source: Oriental Fortune

At the same time, driven by the active hot plate and market atmosphere, the securities business plate continued to rise, and Guosheng gold holdings limited.

Source: Oriental Fortune

The same is the recently popular Pro cyclical plate, the performance of banking and insurance was flat today, the bank plate rose slightly by 0.06%, but the limit of Bank of Qingdao still existed.

Source: Oriental Fortune

It should be noted that in the shock market, the action of foreign capital is also more active. After yesterdays substantial net inflow of nearly 16.3 billion yuan, the northward capital outflow today was more than 4 billion yuan.

Source: Oriental Fortune

Cycle stocks should not be pursued higher

Can the Shanghai Composite Index break through 3500 points when the cyclical stocks are booming all the way?

Huang Yanming, director of Guotai Junan Securities Research Institute, said at the 2021 annual strategy meeting that from now on to the first and second quarters of 2021, the Shanghai Composite Index will still maintain a horizontal fluctuation between 3100 and 3500 points. During this period, even if we can go through 3500 points, it is difficult to stand at 3500 points. We need to continue to return to this area to seek the strength of future breakthroughs. The main reason for the sideways volatility is that the expectation of economic recovery and the expectation of monetary tightening have become the positive and negative forces to pull bonds.

Photo source: Tianfeng securities

Tianfeng Securities said that considering the extent to which profits in the pro cyclical period benefited from the recovery of overseas demand, the correlation with the rebound of PPI, the Pb (2021e) position of different sectors, and the persistence of excess earnings, it continued to focus on recommending petroleum and chemical industry, basic metals, insurance, automobile and parts, home appliances, furniture and home textile sectors. However, China Merchants Securities said that at the end of the year, the agencys centralized operation of stable net value funds adjusted the valuation depressions of almost all pro cyclical plates. In the past month, PE in the financial, mining, chemical, non-ferrous metals and other resource sectors has rapidly risen to the 50% - 70% percentile in the past decade, which means that the market has a greater degree of reflection on the performance recovery expectation of the cycle plate in the first quarter of next year. Cycle stocks are not suitable for chasing high, focusing on high growth track in advanced manufacturing and consumption, and layout technology plate on bargain. Source: China Securities News_ NF4368

Tianfeng Securities said that considering the extent to which profits in the pro cyclical period benefited from the recovery of overseas demand, the correlation with the rebound of PPI, the Pb (2021e) position of different sectors, and the persistence of excess earnings, it continued to focus on recommending petroleum and chemical industry, basic metals, insurance, automobile and parts, home appliances, furniture and home textile sectors.