The year of the tiger market of A-Shares is about to begin, and the stock selection layout suggestions of securities companies have been released one after another.
According to incomplete statistics, up to now, 18 securities companies have released their portfolio and strategic views in February, and nearly 150 A shares and Hong Kong gold shares have been recommended. The distribution of gold stocks in power equipment, computer, automobile and other industries is relatively dense; In terms of individual stocks, Kweichow Moutai Co.Ltd(600519) , Midea Group Co.Ltd(000333) , Contemporary Amperex Technology Co.Limited(300750) , China Tourism Group Duty Free Corporation Limited(601888) and other industries have been recommended more often.
As for the market trend in February, securities companies believe that after the investor sentiment stabilizes and some track risks are gradually released, the spring market of A-Shares driven by steady growth may gradually open; In terms of industry configuration, the media, computers, mass consumption, building materials, new energy and other directions deserve special attention.
the attention of "Mao" in many industries has increased
As of the press time of February 5, 18 securities companies have released their latest monthly investment portfolio, which is also the first monthly investment proposal in the year of the tiger in the lunar calendar. A total of 147 A-shares and Hong Kong gold shares were recommended, covering 29 application level industries such as coal, non-ferrous metals, automobile, non bank finance, national defense and military industry, food and beverage, etc.
From the perspective of recommending individual stocks, Kweichow Moutai Co.Ltd(600519) once again became the most promising individual stock of securities companies in February, and won the joint recommendation of Guolian Securities Co.Ltd(601456) , Soochow Securities Co.Ltd(601555) , China Galaxy Securities Co.Ltd(601881) , Everbright Securities Company Limited(601788) , Dongxing Securities Corporation Limited(601198) 5 securities companies. Previously, Kweichow Moutai Co.Ltd(600519) also appeared frequently in the list of gold stocks in January released by many securities companies.
After a staged rebound, the share price of Kweichow Moutai Co.Ltd(600519) has fallen again since the end of 2021, and the latest closing price before the festival has fallen below the 1900 yuan mark. According to China Galaxy Securities Co.Ltd(601881) , Kweichow Moutai Co.Ltd(600519) has a long-term competitive advantage in the environment of "squeeze structure" growth of the industry, and the expectation of Maotai price echoing the market signal has increased recently.
Gold stocks recommended by securities companies more frequently in February also include Midea Group Co.Ltd(000333) , Contemporary Amperex Technology Co.Limited(300750) , Luzhou Laojiao Co.Ltd(000568) , Chow Tai Seng Jewellery Company Limited(002867) , Muyuan Foods Co.Ltd(002714) , China Tourism Group Duty Free Corporation Limited(601888) . A considerable part of these stocks belong to the "Mao" industry with large market value and volume; Securities companies continued to be optimistic about the large financial sector in February, China Merchants Bank Co.Ltd(600036) , China stock market news, Bank Of Ningbo Co.Ltd(002142) , Industrial Bank Co.Ltd(601166) and other stocks were recommended.
Securities companies ranked among the top gold stocks in February
Data source: brokerage Report
From the perspective of the overall industry distribution, among the February gold stocks recommended by the above 18 securities companies, the largest number of stocks belong to the power equipment industry, with a total of 13; There are 12 stocks belonging to the computer and automobile industries respectively, and 10 stocks belonging to the basic chemical industry in total. Gold stocks in electronics, food and beverage, medicine and biology, banking and other sectors are also densely distributed.
Portfolio of 18 securities companies in February
Data source: brokerage Report
During the Spring Festival, Hong Kong stocks, which opened earlier than a shares, ushered in a strong rebound. Carding found that China offshore oil, Jinke services, -W, China Telecom Corporation Limited(601728) , Kwai -W, NetEase -S and other stocks also appeared in a number of securities dealers February gold shares list, recommended brokerage, including XinDa securities, Soochow Securities Co.Ltd(601555) , Northeast Securities Co.Ltd(000686) and so on.
short term or sustained shock of A-Shares
China Galaxy Securities Co.Ltd(601881) believes that before the spring market opens, the market will generally experience a period of decline, and the decline range of the early market determines the rebound strength of the spring market to a certain extent. The optimistic policy is a sufficient condition for the opening of the market in spring. At present, it is in the stage of gradual force of the steady growth policy. The correction of A-Shares driven by external risks has released certain risks, and the valuation of A-Shares has also fallen to a lower position. After investor sentiment stabilizes and some track risks are gradually released, the spring market driven by steady growth may gradually open.
Ping An Securities believes that the market environment tends to be complex and is still dominated by shocks in the short term. At present, the market has not reached a consensus on structural opportunities, and the rotation of the sector will continue. It is suggested to pay attention to the direction and landing effect of the follow-up steady growth policy, as well as the possibility of improving the prosperity of the post epidemic recovery sector, and pay attention to new trading opportunities in the growth sector in the medium and long term, including some segments of emerging industries such as digital economy, high-end manufacturing and new energy.
For the subsequent market style changes, Soochow Securities Co.Ltd(601555) believes that if the credit supply in January is less than expected, it will expect greater measures to stabilize growth, and the infrastructure and real estate sectors will continue to benefit from the power grid transformation, pipe network investigation and agricultural safety of infrastructure. If the credit starts well in January, the steady growth sector will gradually enter the cashing period, the market style is expected to return to high growth, and the growth sector with deep decline in the early stage is expected to return to the upward trend.
Will the rebound trend of Hong Kong stocks continue in February? Everbright Securities Company Limited(601788) believes that the shock rise of Hong Kong stock index in January mainly benefited from the improvement of macroeconomic expectations and the force of monetary policy. The economic stabilization policy will continue to increase and continue to exert force in 2022, thus raising market sentiment, and the "spring agitation" market of Hong Kong stock can still be expected.
focus on new energy and building materials
For the post market configuration in February, Northeast Securities Co.Ltd(000686) in addition to the bullish gold stocks mentioned above, Northeast Securities Co.Ltd(000686) suggests paying attention to three clues: first, the perspective of expected improvement, focusing on the catalysis of hardware (VR) and Applications (such as virtual anthropomorphism) in the metauniverse and the media expected to be improved in sports related sectors during the Winter Olympics, and the computers with favorable implementation of the "14th five year plan" digital economy plan; Second, from the perspective of policy orientation, the undervalued central enterprises of building materials and mass consumption sectors in infrastructure construction deserve attention; Third, from the perspective of valuation cost performance, stocks with higher prosperity and adjusted performance exceeding expectations and significant decline in valuation in pharmaceutical, new energy, semiconductor and other industries.
Huatai Securities Co.Ltd(601688) four stock selection criteria were recommended in February: first, cloud computing with "boom + non crowded chips" - upstream of optical communication and midstream of smart car; Second, power equipment and new energy with "relatively in place adjustment + solid medium and long-term logic"; Third, continue to hold the leading real estate state-owned enterprises, and select construction, building materials and home appliance stocks with guaranteed housing logic; Fourth, the equity incentive logic of non-financial central enterprises and state-owned enterprises.
For the Hong Kong stock market, China Industrial Securities Co.Ltd(601377) February suggested paying attention to the revaluation of the value of finance, real estate, construction and building materials, especially the "bond like" high interest stocks, as well as the reform of state-owned enterprises, especially the opportunities for mergers and acquisitions of state-owned enterprises, such as railways, electric power, real estate and securities companies. In addition, it also suggested paying attention to the opportunities for the improvement of the market boom such as agriculture.
