February gold stock portfolio
Strategic point of view: internal and external uncertainties are landing, and the market is gradually warming up. China’s liquidity environment remains reasonably abundant, and the financial strength is expected to be gradually realized. The tightening expectation of the Federal Reserve fell to the ground, overseas liquidity concerns eased, and the demand for capital allocation in the market increased after the holiday. In terms of industry allocation, the trend of new energy remained unchanged, the undervalued blue chip rebounded periodically, and the growth gradually entered the left allocation range. On the one hand, some undervalued sectors with long-term stagflation of stock prices and rebound of fundamentals in the early stage are expected to receive more capital attention; On the other hand, the new energy industry chain has profitability toughness and can obtain a certain valuation premium. Focus on the investment opportunities brought by specialization, special innovation and domestic substitution.
Portfolio Review: industry portfolio is weaker than the market, and individual stock portfolio is weaker than the market. Last month, the absolute return of “laofoye” industry portfolio was – 10.87%, which was 3.25% weaker than the market; The absolute return of “Lao Foye” gold stock portfolio was – 12.33%, which was weaker than the market by 4.7%. Since the beginning of 2017, the net income of “Lao Foye” individual stock portfolio has been 2.45.
February Boc International (China) Co.Ltd(601696) gold stock portfolio: China stock market news (non silver), Huaxin Cement Co.Ltd(600801) (building materials), Crystal Clear Electronic Material Co.Ltd(300655) (chemical industry), Valiant Co.Ltd(002643) (chemical industry), Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) (Dianxin), Jiangyin Hengrun Heavy Industries Co.Ltd(603985) (machinery), Wuhan Jingce Electronic Group Co.Ltd(300567) (semiconductor), Ningbo Huaxiang Electronic Co.Ltd(002048) (automobile), He Bei Cheng De Lolo Company Limited(000848) (food and beverage).
Risk warning: systemic risk of the market; Individual stock level thunderstorm.
