This week, the Shanghai index fell 1.13%, the Shenzhen composite index fell 0.35% and the gem index rose 1.03%. How to get to the aftermarket of a shares? See what the agency says:
① Citic Securities Company Limited(600030) : the peak of geo impact has passed the “three bottoms” to confirm the balanced configuration
Citic Securities Company Limited(600030) research report said that the high point of geo risk impact may have passed, and the risk disturbance is mainly reflected in the emotional level. March will enter the preliminary effect observation period of stable growth policy, and it is expected that the follow-up policy will continue to overweight and enter the centralized development period. The “three bottoms” of A-Shares have been confirmed in turn. It is suggested to maintain a high position and stick to the main line of stable growth, Adhere to the balanced allocation of the two dimensions of industry and style, and focus on the layout of “two low positions”.
② CICC strategy: gradually confirm the “emotional bottom” of A-Shares and make the style more balanced
CICC strategy research report said that looking forward to the future, the policy bottom has been relatively clear. The higher than expected credit social finance data in January further confirmed the “policy bottom”. If the geography and epidemic situation no longer exceed the expectations, the “emotional bottom” is expected to be gradually confirmed. Later, with the gradual implementation of the steady growth policy, the “growth bottom” may also gradually appear from the first quarter to the second quarter, There is no need to be overly pessimistic about the market in the follow-up. In terms of structure, the risk of growth stocks has been released in the early sharp correction, and they are gradually entering the stage of “bargain hunting”; The “steady growth” sector fluctuates more, but there may still be room for performance in the future. On the whole, compared with the “stable growth” in the early stage, the market style is likely to gradually transition to a relatively balanced stage.
③ Haitong strategy: the disturbance is fading, and the spring market is just at that time
Haitong Securities Company Limited(600837) strategy team reported that historical data show that regional conflicts have a short impact on the stock market. Referring to 2014, the impact of Russia Ukraine conflict on the stock market may gradually disappear. The market fell at the beginning of the year due to the conflict between Russia and Ukraine and the disturbance of the expectation of interest rate increase in the United States. The disturbance dissipated, and the spring market with steady growth was just at that time. The market style is moving from value led to growth led, such as photovoltaic wind power in low-carbon economy and cloud computing data center in digital economy.
④ Guohai strategy: the market has structural opportunities in March, and growth is expected to rebound
Guohai strategy points out that the market has structural opportunities in March, and growth is expected to rebound. The core lies in that there is still room for further relaxation of China’s monetary policy and the expectation of overseas tightening is eased. Under the background of approaching the performance window period, the growth sector with sufficient early adjustment is dominant, and the cost performance begins to appear. In terms of configuration, the steady growth sector has phased cashing pressure. The improvement of the monetary and credit environment is conducive to the rebound of the growth sector. The importance of prosperity has increased periodically. It is optimistic about the digital economy, new energy and other fields. In March, it is preferred to industry computers, power equipment, medicine and biology.
⑤ China Securities Co.Ltd(601066) : the market is still in a favorable window
China Securities Co.Ltd(601066) research report said that there are many variables in the follow-up of Russia Ukraine conflict and NATO sanctions, but the market is still in a favorable window period. Subsequently, with the cooling of the Fed’s interest rate hike expectation in March, the decline of China’s long-term treasury bond yield, the improvement of the growth sector environment, optimistic about the power semiconductors and photovoltaic with high prosperity, CXO with expected marginal improvement, and pay attention to the aluminum and crude oil chain benefiting from the conflict between Russia and Ukraine, thermal power benefiting from the downward coal price, digital economy supported by policies, etc.
