Citic Securities Company Limited(600030) on December 26, it was released that the market game will intensify at the end of the year, and the "high cut low" transaction will enter the midfield, and the high-quality blue chip will be better and better.
Citic Securities Company Limited(600030) said that first, the force of the steady growth policy is in progress, and it still takes time to form a joint force. It is expected that the data in the fourth quarter will show an obvious trend of China's economic recovery, the data in the first quarter of 2022 will fully reflect the effect of the policy joint force, and the market confidence will be repaired quickly.
Secondly, at the end of the year, both the admission of incremental funds and the transfer of stock funds will reflect the characteristics of water flowing to the low, "cutting high to low" is still the trading direction with the least resistance, and the cross-year market style is still obviously biased towards the market and low-level blue chip repair.
Finally, the "good start" of bank credit at the beginning of 2022 may exceed expectations, which will confirm the trend of credit cycle repair; The "good start" of public offering makes the market more liquid.
Citic Securities Company Limited(600030) it is expected that the A-share high-quality blue chip market will gradually get better in the beginning of 2022. It is suggested to closely follow the two main lines of the implementation of stable growth policy and the recovery of consumption price, and firmly focus on three low positions: the cross-year layout of blue chip varieties, that is, the varieties whose fundamentals are still expected to be low, For example, the midstream manufacturing field suppressed by cost and supply chain problems in the early stage, as well as some consumer and pharmaceutical industries whose incremental allocation valuation returns to a reasonable range; Varieties with relatively low valuation, such as high-quality real estate developers and building materials enterprises, as well as Internet leaders in Hong Kong stocks; High boom varieties with adjusted share prices at a relatively low level, such as semiconductor equipment, special chip devices and military industry.
(China Securities Journal · China Securities Network)
