Focus on the banking sector
The total net inflow of large funds was 6.8 billion yuan, 49.3 billion yuan more than the previous trading day. According to the statistics of wind financial terminal, 60 of the 134 industry sectors of Shenwan secondary industry (2021) have net inflow, and the number of net inflow sectors is 40 more than that of the previous trading day. The top five sectors of net inflow are: 3.313 billion yuan for semiconductors, 2.194 billion yuan for batteries, 1.999 billion yuan for passenger cars, 1.592 billion yuan for photovoltaic equipment and 1.210 billion yuan for chemical pharmaceuticals; The top five sectors of net outflow are: it services – 2.029 billion yuan, infrastructure – 1.583 billion yuan, industrial metals – 947 million yuan, planting – 904 million yuan and medical devices – 711 million yuan.
It is suggested to pay attention to the banking sector. The specific analysis is as follows:
1) the central economic work conference stressed that the economic work in 2022 should be “stable and make progress while maintaining stability”, and required to “actively launch policies conducive to economic stability”. Infrastructure investment, real estate deviation correction and double carbon economy in 2022 are expected to drive wide credit.
2) with steady growth, the banking sector is expected to form a DDM numerator denominator resonance market. To ease the pressure of bad credit and make up for bad revenue; At the denominator end, the improvement of economic expectation leads to the improvement of risk assessment.
3) recommendations: Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , Postal Savings Bank Of China Co.Ltd(601658) , Bank Of Nanjing Co.Ltd(601009) , China Everbright Bank Company Limited Co.Ltd(601818) , China Merchants Bank Co.Ltd(600036) , Bank Of Ningbo Co.Ltd(002142) .
