Cast base Z generation, Z brother is the most realistic.
Today's Valentine's day, the stock market fell. The Shanghai index fell nearly 1%, and the gem index hit a new low recently.
However, after the fall, many people said that today may be the last fall in this round of adjustment. Can you believe it?
Why is it the last fall? Because today, China stock market news fell 13.36%, which not only broke the annual line support, but also sold 15.6 billion, and the market value evaporated 44 billion. China stock market news can be said to be the last stubbornness of track stocks. After Baijiu, new energy, semiconductor, military industry, medicine and five track regiments were eliminated, China Stock Market News, a securities broker, finally failed to carry it out. Before today, Dongcai was also one of the most resistant stocks in institutional heavy positions, but after today's decline, China stock market news has fallen by 25.92% this year.
China stock market news performed so well last year. Why did it suddenly fall sharply?
It is reported that China stock market news is currently applying for the registered trademark of "turn off the lights and eat noodles", a stock market slang. What does "turn off the lights and eat noodles" mean? Investors who have experienced a bear market know that if the stock market falls every day, it is only about the lamp and eating noodles alone.
Therefore, it is not good for China stock market news to apply for a registered trademark. I went to apply for "turning off the lights and eating noodles".
Today, all funds and investors who bought China stock market news turned off the lights and ate noodles.
Of course, brother Z thinks that this may be a coincidence. In short, if the stock price falls, everything is wrong. Just like the national football team, it's wrong to eat sea cucumber when you lose the ball.
The real cause of the sharp decline of Dongcai may be the greatly reduced expectation of institutions on fund sales this year. Dongcai is the top stream in China's fund sales platform. Relying on the substantial growth of fund sales, Dongcai's performance is expected to increase by 72% ~ 86% last year, with a net profit of 8.2 billion ~ 8.9 billion.
However, after the performance forecast came out, Dongcai's share price did not perform at all, but fell. What does it mean? It means that the fund can't be sold this year. Everyone sees it. Yesterday, brother Z mentioned in his article that fund raising has failed this year. Therefore, concerns about the first quarter results may be a catalyst for the decline of China stock market news today.
Of course, Dongcai has dropped from its highest price of 39.35 yuan at the end of last year to its lowest price of 26.9 yuan today. The largest decline has been as high as 31.6%. It should be said that the decline of share price has reflected the performance expectation. Dongcai, as the last stubborn of track stocks, today's sharp fall may indeed be the last fall.
Looking back, every 10% decline in Dongcai's history corresponds to the bottom of the market. Judging from the market situation in the last five years, after the sharp decline of Dongcai on July 17, 2017, February 9, 2018, September 10, 2018, May 6, 2019 and February 3, 2020, a large level of bottom area appeared in the market.
Some people say that the sharp decline of Dongcai is a "hard indicator" of the bottom of the market. I don't know whether it will come true this time.
If it is the last fall, what should we focus on?
Brother Z thinks that even if the track stocks rebound, from the perspective of opportunities, we should pay more attention to the undervalued sectors. After all, the valuation of track stocks is still relatively high. We need to wait for the annual and quarterly results to complete the repair of valuation.
Recently, brother Z is paying attention to real estate stocks. Although real estate stocks are still limited by policies, as one of the important means of steady economic growth this year, real estate investment cannot be completely abandoned. Once the real estate policy is slightly loosened, the market of real estate stocks is likely to continue.
To actively allocate funds in the real estate sector, brother Z pays attention to the following two.
First of all, Jingshun Great Wall China has made a return of five points this year, and its recent performance is relatively stable. It mainly focuses on the real estate chain, such as Gemdale Corporation(600383) , China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Poly Developments And Holdings Group Co.Ltd(600048) and Vanke. In addition, the allocation proportion of construction assembly leader Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) and property management leader China Merchants Property Operation & Service Co.Ltd(001914) is also relatively high.
After turning to the four seasons, Han Wenqiang, the fund manager of Jingshun Great Wall China, is very optimistic about real estate stocks.
Han Wenqiang said in the quarterly report that in the fourth quarter of last year, the fund maintained a high position and made some adjustments to the portfolio structure. Fully concentrate the positions to the real estate and real estate industry chain. Under the background of historical undervaluation, low position and friendly policy shift, the industry has completed the clearing of the supply side, and the improvement of industry concentration is the general trend. The improved competition pattern will inevitably lead to the repair of performance and the improvement of valuation. We believe that the real estate companies with improved benefit concentration have ushered in the best investment opportunity of in the past 10 years.
The other fund is the selected mixed fund of Wanjia, which has gained 13 points since this year, and it is also the first mixed fund this year. The difference between Jingshun great wall and China's return is that Wanjia selected mix is not only heavy warehouse real estate, but also coal, both of which are representatives of undervalued stocks.
Huang Hai, the fund manager of Wanjia selected and mixed fund, said in last year's fourth quarter report that the overall market shock weakened in the fourth quarter, reflecting investors' concerns about economic fundamentals and doubts about the strength of steady growth. We remain cautious about the overvalued value of the central market and growth stocks in the future.
In the stage when the risk-free interest rate goes down, the value stocks with high dividend yield and sustainable and stable dividend will be scarce assets at this stage, and the market needs to revalue their value. In short, we continue to be optimistic about the leading companies in the financial, real estate and energy industries, select the advantageous leading enterprises with steady growth and continuous dividends, grasp the opportunity of rebalancing market funds from growth stocks to value stocks, and realize the steady growth of net worth.
