Galaxy Securities pointed out that through the study of foreign capital, it can be found that the “bottom support” characteristics of foreign capital are obvious. A typical case is the large-scale purchase of high-quality companies after the sharp decline in the fourth quarter of 2018 and early 2019. It is expected that foreign capital will create a bull market and buy at a high level. Even when the “receiver” is dangerous, it may fool itself.
Allocation ideas in the next month: 1. Bond thinking (defensive counterattack). Buy high-quality leading companies with low valuation, high dividend yield and good growth. 2. Related growth stocks. When there are many adjustments (according to historical experience, it’s time to fall 20% – 30% , and if you expect to fall too much, you will often miss it), buy high-quality assets with high prosperity or strong profitability of the industry. Pharmaceutical vaccine, biological products, innovative drugs, cro / cdmo pharmaceutical R & D and other sub industries; 5g substantially benefited from sub industries, such as circuit boards; New energy automobile lithium battery leading company; 3. It is suggested to continue “demining” and eliminate “pseudo white horse shares”.
(Securities Times)
