Looking back on the market in February, the Shanghai index reversed the decline in January, with a cumulative rise of 3%. At the same time, large single funds in the A-share market also actively arranged high-quality stocks, which has also become the focus of investors.
Specifically, according to the data of China stock market news choice, 860 stocks showed a net inflow of large single funds during the period of February, accounting for 18.17% of the total number of a shares. Among them, Sunwoda Electronic Co.Ltd(300207) , Shenzhen Inovance Technology Co.Ltd(300124) , Qinghai Salt Lake Industry Co.Ltd(000792) and other three individual stocks ranked among the top in terms of net capital inflows during the period, with RMB 662 million, RMB 650 million and RMB 620 million respectively \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\thenet capital inflow was 5.855 billion yuan.
The inflow of funds also contributed to the rise of stock prices. In February, 707 of the above 860 stocks rose during the period, accounting for more than 80%. Nine stocks, such as Hefu China, C West Point, Yuehai feed, C newtag, bye, Jinhui, Sinomine Resource Group Co.Ltd(002738) , Anhui Golden Seed Winery Co.Ltd(600199) , Modern Avenue Group Co.Ltd(002656) , all rose more than 50% during the period, showing a strong performance.
In terms of the industry, the stocks raised by large single funds in February were mainly concentrated in the high boom track, and the number of stocks in the four major industries such as mechanical equipment, medicine and biology, electronics and basic chemical industry ranked first, with 95, 93, 79 and 65 respectively.
In this regard, Long Hao, chairman of Jinding assets, interviewed by the reporter of Securities Daily, said that the above four industries became the darling of large single funds in February, mainly due to the strength of policy support and the continuous growth of the company’s performance. After the early correction, the risks of the A-share market have been released to a certain extent, and the structural market logic remains unchanged. Under the general tone of “stable growth”, mechanical equipment, medicine and biology, electronics, basic chemical industry and other industries will benefit from China’s economic transformation and upgrading. Investors can pay appropriate attention to the investment opportunities of relevant high-quality leading enterprises. In addition, the signs of rush to raise large single funds in advance show that the market is expected to cash in around the performance of the growth sector during the year, and the relevant sectors may stabilize and rebound, which is worthy of investors’ attention and reference.
With the advent of the annual report market, blue chip stocks have also become the focus of large single fund layout. As of the closing on February 28, 474 of the above 860 companies have disclosed the performance forecast of 2021, and 304 companies are expected to have good performance, accounting for more than 60%.
In terms of investment opportunities, Liu Youhua, research director of private placement network, said in an interview with the reporter of Securities Daily that he is relatively optimistic about the investment opportunities to obtain large single funds to raise individual stocks in February. On the one hand, the early adjustment is relatively sufficient, and the current overall valuation has a sufficient margin of safety; On the other hand, the industry is in a business cycle or will usher in improvement, and the certainty of continuous growth of performance is high.
In terms of mechanical equipment industry, Dongguan Securities pointed out in its research report that the demand for automatic production will continue to increase, and the localization rate of upstream parts is accelerating. The servo system industry pattern is relatively scattered, and the market share of China’s industrial control leading servo products has ranked first, which will lead Chinese enterprises to continuously improve. The Chinese market of reducer is still dominated by Japanese enterprises, but the market share of Chinese enterprises is on the rise, which is expected to break the monopoly pattern in the future. The export of construction machinery remains at a high growth rate. On the premise of the layout of Chinese enterprises for many years, combined with factors such as enhanced core competitiveness and high cost performance, the export is expected to maintain a high growth rate in 2022.
Sinolink Securities Co.Ltd(600109) said that the market sentiment of CXO sector gradually warmed up and was optimistic about the annual report of 2021 in March and the first quarter of this year. The short-term noise does not change the long-term positive trend, and the negative factors are gradually cleared away. The market sentiment optimistic about the excessive pessimism in the early stage is further warmed up with the release of the 2021 annual report and the high growth performance in the first quarter of 2022. In the long run, as a water seller of pharmaceutical innovation, CXO sector has high growth and high certainty, and should enjoy a certain valuation premium. After the early adjustment of the sector, the current valuation has entered the bottom range, and the leading configuration has high cost performance.
Table: list of stocks with a net inflow of more than 300 million yuan in February p align = “center” prepared by Chu Lijun
