It has been more than two weeks since the opening of the Beijing stock exchange (hereinafter referred to as the “Beijing stock exchange”). During this period, institutions accelerated the layout of individual stocks of the Beijing stock exchange and actively conducted research. At the same time, the number of research reports continued to increase.
According to incomplete statistics on the official website of the Beijing stock exchange, from September to November, 34 listed companies (formerly selected companies) of the Beijing stock exchange were investigated by institutional investors 47 times; From June to August, only 11 companies were investigated 11 times. Among them, there are more than 30 institutional investors in Tonghui electronics, Chuangyuan instruments and Jinhao medical reception.
Prior to the investigation, the institutions of the northern Exchange listed companies (mainly selected companies) were mainly small and medium-sized brokerages, and after the announcement of the establishment of the North exchange, a large number of institutional investors were invited. Besides the influx of head traders, many public offering, private placement, insurance information management companies and bank financing subsidiaries also joined the research force.
Among institutional investors, securities companies are the most active. From September to November, securities companies favored Jinhao medical treatment most, and a total of 23 investigated it; Fund companies most favor Tonghui electronics, with a total of 16 companies conducting research on it.
Among them, since the opening of the Beijing stock exchange on November 15, the enthusiasm for institutional research has increased significantly, and 22 companies have been investigated by institutional investors 27 times. As of November 30, five companies including Tonghui electronics, Xujie technology, Xingchen technology, jingsai technology and Haomiao technology have issued two research announcements to receive institutional investors in just 15 days. Among them, on November 29, Tonghui electronics welcomed 30 institutions to conduct research, involving well-known institutions such as securities companies, public offering, private placement and trust; On November 16, Tonghui electronics received 17 institutions for research, and many well-known institutions such as Debon fund and Shanghai Investment Morgan appeared.
The reporter found that institutional investors pay a lot of attention to listed companies on the Beijing stock exchange. Among them, problems related to R & D are frequently mentioned, mainly including the scale of R & D team, follow-up R & D planning, R & D investment, etc.
Zhao Yayun, a researcher of CITIC reform and development research foundation, said in an interview with Securities Daily that institutions actively investigate listed companies on the Beijing stock exchange, “Beijing stock exchange focuses on innovative small and medium-sized enterprises with broad rising space, which contain huge investment opportunities, but we can’t ignore the hidden risks. This requires institutions to conduct serious research and select enterprises with real core competitiveness.”
In addition to the active layout in research, securities companies are also constantly infiltrating at the research end and giving in-depth “support”.
Since September, 11 securities companies have issued research reports covering 40 companies listed on the Beijing stock exchange for the first time, of which 9 have been paid attention to by more than 2 securities companies for the first time, Guotai Junan Securities Co.Ltd(601211) covers up to 24 companies for the first time.
Among them, Liancheng CNC was covered by China Securities Co.Ltd(601066) , Kaiyuan securities, Guotai Junan Securities Co.Ltd(601211) , Northeast Securities Co.Ltd(000686) for the first time, and Guotai Junan Securities Co.Ltd(601211) , Northeast Securities Co.Ltd(000686) gave it a target price of 166.32 yuan / share (overweight rating) and 137.18 yuan / share (buy rating) respectively; Beiteri and jingsai technology not only obtained the first coverage of three securities companies, but also all securities companies gave “buy” ratings. According to the reporter’s observation, the listed companies covered by securities companies for the first time mainly focus on power equipment, national defense and military industry, computer, mechanical equipment, medicine and biology and other industries.
Many securities companies also directly give the forecast target price when covering for the first time. Although the prediction of stock price by securities companies has yet to be verified, the research ability of some securities company analysts has been affirmed. At present, according to the data, the latest closing prices of Gaishi food, Dadi electric appliance, Guangdao hi tech, Jilin Carbon Valley and Jigang precision have exceeded the target price given by Guotai Junan Securities Co.Ltd(601211) .
From the investment strategy of the Beijing stock exchange issued by securities companies, China Galaxy Securities Co.Ltd(601881) strategy analyst Cai Fangyuan believes that it is recommended to layout investment opportunities from the following main lines: first, specialized special new small and medium-sized enterprises supported by policies and pay attention to leading high-quality companies in subdivided tracks; Second, pay attention to the high-profile track under the long-term strategy, such as double carbon track, semiconductor, high-end manufacturing, etc., and pay attention to the related targets of its upstream and downstream industrial chain.
(Securities Daily)
