Wind data shows that last week (January 13-17), a total of 63 listed companies were surveyed by various institutions. Last week, institutions paid more attention to individual stocks in industries such as metals and non-metals, basic chemicals, industrial machinery, electronic components, automotive parts and equipment.
Last week, the Shanghai Composite Index fell 0.54%. Judging from the style index, the small and medium-sized board index and the GEM index performed well, rising 1.86% and 1.49% respectively. Last week's 3,100-point market "gained and lost", but the mid-term trend of spring restlessness has not changed. HSBC Jinxin Fund believes that the market is overbought in the short term, so special attention needs to be given to the release of volume and energy. Shrinking volume may have certain restrictions on the development of short-term prices, but the upward trend of the index is expected to continue. In addition, with the annual report beginning to disclose, the recent performance of a number of companies appeared "thunder" situation, also has a greater impact on market sentiment.
Construction industry attracts attention
Wind data shows that a total of 63 listed companies including Shiji Information, Gao Weida, Xinlong Health, Donghua Software, and Shenwan Hongyuan received surveys from various agencies last week. This figure is down from the previous week. Last week, institutions paid more attention to individual stocks in industries such as metals and non-metals, basic chemicals, industrial machinery, electronic components, automotive parts and equipment. Among them, listed companies in the construction and chemical related industries ushered in intensive investigations by institutions.
Specifically, last week, a total of listed companies in the construction and building materials industry, such as Lingnan, Hongtao, Seagull Living, Zhen'an Technology, Sinoma Science and Technology, and Tower Group, ushered in institutional investigations. Last week, China Everbright Securities, ICBC Credit Suisse Fund, China Life Assets, Huachuang Securities, Qianhe Assets and other institutions jointly investigated Lingnan shares. The concerns of the organization include: how is the company's subsidiary Hengrund Group preparing for the spin-off and listing work, and the company's shareholding company, Micro-Communication, what business plans in the MCN field? In the investigation of Hongtao shares by Dongfang Securities, GF Fund, and Yongan Guofu, they focused on the company's order situation this year and whether the company plans to continue to acquire academic education in the future.
上市 The listed companies in the chemical industry ushered in intensive investigations of institutions last week. Shenwan Hongyuan, Ruiyuan Fund, Boshi Fund, Shenwan Lingxin, Boshi Fund, Hongliu Investment and other institutions investigated Qingsong shares twice a week last week. The main concerns of the institution are the reasons for the company's 2019 performance forecast growth of 11.40% -22.39%, the future strategic development direction of listed companies, and the impact of the company's absence of actual controllers on the company's operations. In the joint investigation of Haida shares by Shanghai Shenyin & Wanguo Securities Research Institute, Tibet Hezhong Yisheng Investment Management, Jinxin Fund, Shanghai Yongfeng Investment Management, Shanghai Zhisheng Investment Management, etc., the institutions are concerned: the company's business income is completed Situation, the company's auto business income and how the company considers the localization of Tesla's parts.
Spring Quotes Continue
The Shanghai Composite Index fell 0.54% last week. Judging from the style index, the small and medium-sized board index and the GEM index performed well, rising 1.86% and 1.49% respectively. Last week, among CITIC's first-level industries, 19 industries fell, 10 industries rose, and 1 industry was flat. The top gainers were electronics, computers, and medicine, which rose 3.12%, 2.81%, and 1.68% last week, respectively. Consumer services, agriculture, forestry, animal husbandry and fishery, and coal declined the most, with 2.77%, 2.31%, and 1.92% declines last week, respectively.
Last week, the market closed at 3,100 points and "gained and lost", but the mid-term trend of "spring agitation" has not changed. HSBC Jinxin Fund believes that the market is overbought in the short term, so special attention needs to be given to the release of volume and energy. Shrinking volume may have certain restrictions on the development of short-term prices, but the upward trend of the index is expected to continue. In addition, with the annual report beginning to disclose, the recent performance of a number of companies appeared "thunder" situation, also has a greater impact on market sentiment. In terms of strategy, HSBC Jinxin Fund believes that the market has recently strengthened significantly, but the market still has structural characteristics.
In the spring turmoil in the first year of the year, fund institutions are more concerned about the "spring sowing" opportunities throughout the year. Regarding investment opportunities in 2020, China-Europe Fund Wang Jian said recently that 2019 is a "big year" for the A-share equity market, and the median rate of return of stock funds is above 40%. The market or index may maintain a range fluctuation pattern, and the equity market still has good investment opportunities. By matching the principles of valuation and growth and selecting individual stocks, investors still have the opportunity to tap the alpha returns of high-quality companies.
Regarding the specific investment direction in 2020, Wang Jian believes that it mainly focuses on four aspects. The first is the modern service industry, including third-party testing services, hotel services, and logistics services. The proportion of the service industry in the economic component is increasing, and the leaders in selected segments are selected. The second is the data application area that has been extended as the Internet deepens , Including high-quality targets in medical information services, security information applications, new retail, etc .; third, the traditional track has a large industry space but a scattered pattern, with potential leading companies; fourth, individual stock opportunities in the pharmaceutical and consumer sectors , Pharmaceutical companies with more choices of API integration. In terms of investment strategy, continue to combine the principles of valuation and growth matching, select individual stocks, and strive to tap the alpha returns of high-quality companies.
