GF strategy points out that at present, A-Shares will be driven by the improvement of risk preference, and logic and investment opportunities will change accordingly. Continue to be bullish, “long-term performance” is better than “immediate performance”, and scientific and technological growth has changed from “hard” to “soft”. Last week, the central bank’s 19q4 goods policy report and the Politburo meeting (“prudent monetary policy should be more flexible and moderately” increased “), the market has no doubt about the loose tone of Q1. The” slow bull on the financial supply side “driven by the downward discount rate should pay more attention to the driving force of improving risk appetite. The long-term performance is more important than the immediate performance, and continue to be optimistic about scientific and technological growth. Continue to configure: (1) themes of consumer electronics, panel, led and new energy vehicles; (2) HD video, games, cloud office, medical informatization; New recommendation (3) securities companies (including financial IT).
(Securities Times)
