Viewpoint: according to the latest PMI data, the economy has rebounded, but on the whole, it is still anti pumping, and the downward pressure is still large. However, with the support of relatively stable fundamentals and liquidity, the market as a whole maintained a good foundation. With the inflation peaking expectation strengthened and the RRR reduction expectation landed, the expectation of monetary easing increased again, bringing an overall boost to the market. Under the expectation of monetary and credit easing in the coming year, the market is also expected to gradually open a good trend. In the short term, Contemporary Amperex Technology Co.Limited(300750) slump triggered a chain reaction, the new energy industry chain fell sharply, and the gem fell sharply. The market has changed significantly. With the opening of the monetary easing cycle, it is still optimistic about the allocation opportunities of undervalued blue chips, and bargain hunting continues to lurk across the year and the first quarter of the next year.
Today, the Shanghai and Shenzhen stock markets both opened high, fluctuated after the opening, and then went down all the way, ushering in a continuous decline. In particular, the gem has been continuously low and ushered in a new low of recent adjustment. In the afternoon, the bottom of the three indexes rebounded, but the overall strength was weak and the rebound was weak, showing a pattern of high opening and low going all day. On the disk, commercial trade, food and beverage, agriculture, forestry, animal husbandry and fishery and other sectors led the rise, with slight performance such as medicine and biology. Most other sectors fell, including power equipment, and non-ferrous metals, automobiles and steel.
The biggest focus of the market on that day was Contemporary Amperex Technology Co.Limited(300750) , which plunged by more than 9% during the session, directly dragged down the plate and “crushed” the gem index. For the sharp decline of Contemporary Amperex Technology Co.Limited(300750) , in addition to rumors, the company’s profit slowdown caused by costs may also be an important pressure. After the continuous sharp rise of stock prices, the high level of valuation is also a factor to inhibit the strength again. However, the prosperity of the industry remains the same, and there is still the possibility of repetition after stage consolidation.
In contrast to the Contemporary Amperex Technology Co.Limited(300750) slump, Kweichow Moutai Co.Ltd(600519) has an eye-catching performance today, almost supporting the Shanghai index on its own. Kweichow Moutai Co.Ltd(600519) ‘s intraday rise of over 4%, once led the Baijiu plate strength. For Baijiu plate, Baijiu plate, the recent good. Whether a fund announced to increase the subscription limit or the boost of the price rise in the industry, it has a positive impact on the sector. In addition, driven by performance and high prosperity, the overall performance of the sector deserves attention.
Back to the disk, the decline of high-level varieties represented by Contemporary Amperex Technology Co.Limited(300750) is actually a specific portrayal of the recent market macro environment. In particular, driven by the monetary easing cycle, undervalued varieties benefit as a whole, and the expectation of replenishment is gradually enhanced, while high and overvalued varieties are obviously out of favor, and the probability of stage consolidation or adjustment is increased in the stock market. However, for the market, this is only a rotation in the structural market. With the support of fundamentals, the overall positive trend of the index remains unchanged.
On the whole, with the policy support of steady growth, we continue to be optimistic about the market in the next year and the first quarter of next year. In the recent consolidation, there is no substantive bad, but a good time for bargain hunting. Investors can still consider bargain hunting for appropriate allocation. In terms of specific opportunities, it is suggested to explore from three angles: first, the “steady growth” or phased main line from the policy perspective, and the involved sectors can track building materials, construction machinery, food and beverage and household appliances; Secondly, it can also be superimposed with varieties with high attention to funds in the north, such as financial and other value blue chips, in which it can focus on the securities sector with undervalued value and good performance; Third, science and technology and new energy are mainly varieties with relatively uncertain growth under the downward pressure of the economy.
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(Jufeng Finance)
