Recently, the A-share market has performed strongly, and the performance of large consumer sectors such as food and beverage has been eye-catching. Many bank financial companies believe that the safety margin of the above sectors is high, which is expected to become the main line of the cross-year market.
Looking forward to next year, many bank financial companies are optimistic about the layout opportunities of equity assets, and suggest giving priority to the layout of high boom tracks such as new energy, semiconductor, consumption and medicine.
big consumer sector favored
On December 9, among the 30 CITIC primary industries, consumer services, medicine, food and beverage sectors performed strongly, with the index rising 4.77%, 2.29% and 1.89% respectively.
For a long time, compared with the previous performance, the pharmaceutical, food and beverage sectors have returned to the institutional vision. Taking the food and beverage sector as an example, the industry index has risen nearly 30% from September 1 to December 9.
In this regard, Deng Wenshuo, assistant general manager of Huaxia financial investment research department, said that the recent rise in the pharmaceutical sector is closely related to the high safety margin of the sector. “In the long run, the prospect of the pharmaceutical and biological industry is promising. In the short term, the difficult period of the industry is gradually over. In terms of valuation, the sector is supported downward and the safety margin is high.”
For the consumer sector, Deng Wenshuo said that at present, the market has high expectations for macroeconomic growth next year. In addition, many consumer goods companies issued price increase notices in the early stage, and there is an investment logic of both volume and price in the sector.
Bank of China financial management also said that since this year, the performance of the large consumption sector has not been as expected, but from the long-term policy background, the investment opportunities in the consumption sector around the background of long-term demographic changes and industry upgrading still deserve attention.
focus on the high prosperity track
With the end of the year approaching, a number of bank financial companies said that the cross-year market of A-Shares is worth looking forward to and are optimistic about high boom investment tracks such as new energy and semiconductors.
“We are optimistic about the new year’s market. First, there is an oversold plate in the market, and the funds have an offensive direction; second, the policy warm wind blows frequently, and the macro economy will continue to improve next year; third, the market is abundant in liquidity, and incremental funds continue to flow into the A-share market.” Deng Wenshuo said.
The person in charge of financial investment and research of Bank of Hangzhou believes that in the current environment with relatively loose liquidity, the warm wind of superimposing stable economic policies is blowing frequently, and the cross-year market is worth looking forward to. It will actively layout around the two main lines of boom growth and valuation repair.
“Continue to be optimistic about the investment opportunities of the boom growth track represented by clean energy and new energy vehicles. At the same time, pay close attention to the listed companies with moderate or low valuation in the large finance, large consumption and large manufacturing sectors, but with clear industry pattern and significant long-term competitive advantage.” The above person in charge.
CCB financial believes that in addition to the undervalued repair direction of securities companies and other industries, the current allocation energy needs to tilt to the high boom track. It is suggested to pay attention to new energy, semiconductor, consumer electronics, consumption and other sectors. In the consumer sector, we hope that the performance will be supported by the negative and expected downplay of Baijiu, pig and auto parts.
actively layout the equity market
Data show that by the end of September this year, the survival scale of the bank financial management market had reached 27.95 trillion yuan, a year-on-year increase of 9.27%. In the view of insiders, with the continuous improvement of the registration system reform of the A-share market and the continuous promotion of investor education, the risk preference of bank financial customers will be improved in the future. The layout of equity assets of bank financial management is expected to be deepened and become an important increment of the A-share market in the future.
In fact, bank financial management companies are actively studying listed companies. According to the data, since this year, 17 bank financial companies such as CMB financial management, xingyin financial management and Huihua financial management have participated in more than 1000 institutional investor surveys, involving more than 700 listed companies.
According to the data of China financial network, at present, bank financial companies have issued 17 equity financial products, and the overall income is good. Taking Zhaozhuo Shanghai, Hong Kong and Shenzhen selected zhoukai No. 1 equity financial management plan as an example, since its establishment in September last year, the yield of the product has exceeded 20%, significantly outperforming the performance benchmark.
(China Securities Journal)
