Which sectors have opportunities next year? Huang Yanming, Jiang Chao and Wang Shengzu

category:Finance
 Which sectors have opportunities next year? Huang Yanming, Jiang Chao and Wang Shengzu


Huang Yanming, director of Guotai Junan Securities Research Institute, believes that the A-share market investment in 2021 is still a partial structural opportunity, and the key point is to grasp the plate and style. He also pointed out the possible risk points in the A-share market next year: first, the certainty premium of low-risk stocks will be weakened; second, the internal differentiation of leading enterprises will pull out the stock price gap due to the strength of competitive advantages.

In the direction of industry allocation, science and technology and consumption sector is still the good in mind of major securities companies. Among them, new energy this subdivided field obtained Guotai Junan Securities and Haitong Securities. Goldman Sachs and Guotai Junan Securities also said that investment opportunities in traditional industries should not be ignored.

Huang Yanming believes that the driving force of economic recovery in the first half of 2021 mainly comes from consumption and export, and emphatically recommends the allocation of three golden flowers: first, change from infrastructure real estate cycle to global raw material cycle, focusing on non-ferrous metals such as copper and aluminum, and traditional industries such as petrochemical and basic chemical industry; second, shift from compulsory consumption to optional consumption, focusing on automobiles, household appliances, home furnishings, and other traditional industries Cosmetics, clothing and tourism hotels, etc.; third, it is suggested that new energy and electronics should be focused on in the science and technology sector.

Xun Yugen said that due to the huge development space of policy dividend and technology dividend, computer, media, new energy industry chain and other industries, the annual profit growth of science and technology industry will accelerate; in the short term, the market volume will increase the performance of securities companies, and in the medium term, the roe of securities companies will also increase. In addition, he is optimistic about the rise of mass consumption and market demand in the field of medical services. Wang Shengzu is optimistic about new infrastructure related industries, including high-end manufacturing, 5g and other fields. High tech industries or leading enterprises are an indispensable part of stock investment and should be a strategic part of investment, he said. If new funds enter the market, we suggest that we should focus on traditional industries or pro cyclical industries, rather than reducing high-tech stocks to increase holdings in traditional industries and pro cyclical industries. Source of this article: Yang Bin, editor in charge of Shanghai Securities News_ NF4368

Wang Shengzu is optimistic about new infrastructure related industries, including high-end manufacturing, 5g and other fields. High tech industries or leading enterprises are an indispensable part of stock investment and should be a strategic part of investment, he said. If new funds enter the market, we suggest that we should focus on traditional industries or pro cyclical industries, rather than reducing high-tech stocks to increase holdings in traditional industries and pro cyclical industries.