As of the close, the Shanghai index rose 0.77%, the Shenzhen Composite Index rose 0.24%, the gem index rose 0.16%, and more than 3100 stocks in the two cities rose.
The market continued to fluctuate, and the “fineness” of securities companies’ gold stocks was tested.
In February, the “report card” of gold stocks was unveiled, and most securities companies recorded positive earnings. Among them, the gold stock portfolio of Minsheng securities ranked first with an increase of 10.65%; The income of the gold stock portfolio of East Asia Qianhai and Cinda securities exceeded 9% Zheshang Securities Co.Ltd(601878) , Ping An Securities gold stock portfolio followed.
In March, under the background of continuous tension in Russia and Ukraine and continuous disturbance to the global market, how should the gold stock strategy change?
As of press time, 14 securities companies have released the list of gold stock portfolios in March. Most institutions believe that the impact of short-term geopolitical risks on the risk appetite of the A-share market may not continue. It is suggested to pay attention to the main line of “stable growth” and the repair and rebound of growth stocks.
3 gold stocks focus on two main lines
After March, economic data, policy statements of the two sessions and the performance of listed companies will be released one after another. Institutions believe that the A-share market may still be dominated by shocks, but structural opportunities are expected to increase.
Everbright Securities Company Limited(601788) it is suggested to pay attention to two main lines focusing on stability. First, the direction of steady growth. The growth rate of fixed asset investment is in the upward range, and the relevant sectors of “steady growth” perform prominently. It is suggested to pay attention to traditional infrastructure such as building materials and new infrastructure such as wind power and photovoltaic.
Second, the consumption sector benefited from the narrowing of the scissors gap of consumption inflation. Historically, there have been three periods in which the inflation scissors have narrowed significantly since 2010, during which the consumer sector has performed well. At the same time, the comparative advantage of the performance of the consumer sector may be more obvious.
Soochow Securities Co.Ltd(601555) strategy reiterates the style judgment and believes that the balance will tilt towards growth. It is suggested to pay attention to the rebound opportunities of growth sectors such as digital economy and new energy.
14 stocks recommended by institutions
In terms of individual stocks, Dawning Information Industry Co.Ltd(603019) , Suzhou Maxwell Technologies Co.Ltd(300751) , Guangzhou Automobile Group Co.Ltd(601238) was recommended by three institutions at the same time, Wuliangye Yibin Co.Ltd(000858) , Anhui Kouzi Distillery Co.Ltd(603589) , Kingsemi Co.Ltd(688037) , Yangling Metron New Material Co.Ltd(300861) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , etc. were also recommended by many securities companies.
Suzhou Maxwell Technologies Co.Ltd(300751) was recommended mainly because of performance fulfillment Soochow Securities Co.Ltd(601555) believes that Tongwei Hefei 250MW hjt production line delivered in 2019 and Huasheng 400MW hjt production line delivered in 2020 are expected to recognize revenue in 2021. It is expected that about 300 million yuan in the company’s revenue structure in 2021 will belong to hjt business.
Dongxing Securities Corporation Limited(601198) said that the performance of Dawning Information Industry Co.Ltd(603019) 2021 exceeded expectations, the high outlook was verified, and “counting from the east to the west” led to the expansion of the industry and benefited the upstream server manufacturers.
2 general positive return of gold stock portfolio
Looking back in February, the gold stock portfolio of most securities companies recorded positive returns. Among them, the gold stock portfolio of Minsheng securities ranked first with an increase of 10.65%; East Asia Qianhai securities and Cinda securities’ gold stock portfolio income exceeded 9% Zheshang Securities Co.Ltd(601878) , Ping An Securities gold stock portfolio income followed.
In terms of individual stocks, the highest increase in gold stocks of securities companies in February was Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) , recommended by East Asia Qianhai, with a return of 40.24%, followed by Yankuang energy and Hubei Yihua Chemical Industry Co.Ltd(000422) followed. In addition, the monthly increase of Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Chongqing Mas Sci.& Tech.Co.Ltd(300275) , Henan Shenhuo Coal&Power Co.Ltd(000933) recommended by Minsheng securities also exceeded 20%.
Looking forward to March, Minsheng securities is optimistic about the main line of “steady growth”, and believes that the market’s doubts about the sustainability and elasticity of steady growth have not been supported by data. If there is an adjustment in the cycle and value sector due to the concerns of some investors about “stable growth”, it will be a buying point.
