Galaxy Securities believes that the foundation of the bull market is not solid in the fourth quarter of 2019, so we have to wait. short term allocation idea: the overall trend in the fourth quarter is often the performance of relative stagflation industries in the first three quarters. In the short term, companies with low valuation and stable performance, such as large real estate and bank stocks with high provision ratio, have better opportunities. long term configuration ideas: first, if the market adjustment, Baijiu high industry or high industry profitability strong quality assets, computer communication semiconductors, such as 5G deterministic growth sub industry (CCL, circuit board), high-end liquor, vaccine biologicals, insurance, innovative drugs and R & D services and other industries; Second, every low-level allocation, such as securities and securities market related sectors in a broad sense; Third, blockchain, digital currency and other topics fluctuate greatly, making it difficult to find companies with high performance. Fourth, the performance forecast began in October. New mines may be found, and it is recommended to continue demining.
(Securities Times)
