The three major A-share indexes collectively closed up today, of which the Shanghai index rose 0.39% to close at 3630.11 points; The Shenzhen Component Index rose 0.83% to close at 14837.87 points; The gem index rose 1.06% to close at 3328.56. The market turnover reached 1 trillion yuan, the industry sector rose more or less, the concept of lithium mine rose sharply, and the power industry and coal industry led the decline.
Today’s news:
1. The central bank’s latest statement mentioned twice in three days “to better meet the reasonable housing needs of home buyers” to release what signal?
2. Economic daily article: promote roof photovoltaic development and avoid big HuLong
3. The Ministry of industry and information technology and other 15 departments jointly issued the “14th five year plan” Siasun Robot&Automation Co.Ltd(300024) industrial development plan
4. Witness history! Big Mac China Mobile back to a was abandoned and purchased by more than 700 million netizens: do you want to break it?
5. Many well-known pharmaceutical enterprises have raised the price of Chinese patent medicine! Nearly 80% of the prices of medicinal materials have doubled! What’s going on?
6. Hundreds of billions of private placement giants apologize! This year’s excess return has returned to zero, and listed companies have subscribed for products “stepping on the pit”
7. Refresh history! The first new shares of the Beijing stock exchange are too hot. 750000 people “rush” 2.4 million cash subscription to ensure 100 shares
8. The National Informatization Plan of the 14th five year plan was issued! Deploy 10 major tasks to smooth the financing channels of wechat Enterprises
9. The Ministry of industry and information technology and other eight departments jointly issued the intelligent manufacturing development plan during the 14th five year plan
For the future market trend, institutions have expressed their views.
Haitong Securities Company Limited(600837) said that from the review of previous restless market at the end of the year and the beginning of the year, the cross year market usually occurs every year. The reason behind this is that the end of the year and the beginning of the year are often the time window for major meetings. At the same time, there are few basic data disclosure of A-Shares from November to March, and the capital interest rate usually falls at the beginning of the year, so the risk preference of investors in the beginning of the year is relatively higher. On the whole, the market performance from July to October this year is relatively weak, the current valuation is acceptable, and the liquidity is relatively abundant. Based on the history, this cross year market may be started in advance this year. The rise of the index is not violent at present, but the bottom of the market has been slowly rising. Before November, the bottom of the CSI 300 was about 4800 points, and the bottom of the index has been significantly raised recently. Specifically, we can focus on three main lines: undervalued big finance, high boom hard technology and consumption follow-up rebound.
China Industrial Securities Co.Ltd(601377) think, hold the bumps and beat the short with the long. The next year’s market will pick up levels in the “hesitation” of the market and the alternating rotation of plates. Since the “cross year market” was put forward in mid November, the index has risen significantly, but the market is not “firm”. The market always has doubts and differences, and presents a state of “waiting for signal verification → rapid rise → shock consolidation”. The core reason is that as we have repeatedly stressed, this wave of cross year market is similar to the spring offensive in previous years, and most of the core driving forces come from the warming of policy expectations and risk appetite. Therefore, it is also vulnerable to changes in market expectations and some short-term negative factors. The overall rise, fall and continuous fluctuation of the market are mainly affected by factors such as crowded institutional positions, balance structure at the end of the year, disturbance of overseas epidemic, capital return at the end of the year and so on. However, the “anti humanity” of investment is that we need to overcome the current anxiety and turbulence with relatively long-term and rational judgment. We believe that the current cross-year market is not over, the market logic is still established, and continues to be realized and strengthened. Therefore, hold the bumps and beat the short with the long, and the cross-year market is not finished to be continued.
Gf Securities Co.Ltd(000776) indicates that A-Shares are still in the “possible stage” where the numerator end is expected to be flat and the denominator end is expected to be supported. The recent market is relatively under pressure: Biden’s 1.75 trillion reconstruction of a better future act has been frustrated, which restricts the US economic growth expectation and the expectation of Shanxi Guoxin Energy Corporation Limited(600617) cars going to sea in 22 years, the US inflation is still high, the global epidemic has been repeated, the recent Chinese policy has not exceeded the expectation, and the negative news of the new energy vehicle chain has led to negative feedback on market sentiment. We judge that the current A-share is still a “viable stage”: the central bank’s regular monetary meeting in the fourth quarter continues to emphasize “stability first”, and the unilateral reduction of LPR brings the expectation of MLF interest rate reduction in early 22. From the perspective of market linkage, as long as the convertible bond remains strong, the probability of A-share is still a “viable stage”. “Available stage” is also an opportunity for bargain hunting to layout “spring agitation”. We judge that the current “spring agitation” is supported: the main line of the policy of “stability first” and the MLF lowering expectations. Recently, A-Shares are relatively under pressure, but at present, A-Shares are still “possible stage”. “Spring agitation” occurs every year. It is suggested to focus on the main line of “double carbon wide credit” and some new energy / consumption / technology manufacturing segments with the advantage of “cross year valuation difference”. It is recommended to continue the high-low region equilibrium for industry configuration – 1. Lowering the reserve requirement and stabilizing the real estate chain (securities companies, white power, consumer building materials); 2。 “Double carbon and wide credit” + steady growth of new infrastructure (green power operators and military industry); 3。 Price increase expectation under ppi-cpi transmission (food processing).
Huaxi Securities Co.Ltd(002926) said that in the short term, A-Shares are ready for the new year and are ready for the restless market at the beginning of the year. Since December, the monetary policy of western countries led by the United States has been tightened, superimposed with the spread of mutant strains, and the global market has fluctuated to a certain extent; At the same time, under the warming of institutional capital game at the end of the year, the rotation of A-share plate intensified. The trend of China’s foreign policies is different. In the warm period of the “stable growth” policy, the monetary policy will be more active and promising in the next stage, the market liquidity will remain abundant, the credit supply is expected to accelerate at the beginning of the year, and the probability of MLF interest rate reduction is also increasing. In the environment of market shock, bargain hunting can be arranged in the restless direction in spring, biased towards consumption growth. In terms of industry allocation, there are three main investment lines: 1) growth sectors, such as new energy (vehicle) and electronic industry chain; 2) the “Spring Festival effect”, with a certain price increase expected Baijiu plate; 3) The “real estate” sector, which benefited from the marginal change of the real estate policy of “implementing policies due to the city”, focused on the central enterprises with improved market share. Theme investment focuses on “double carbon, military industry, consumption upgrading”, etc.
Guosheng Securities believes that from the perspective of micro sentiment, the current round of market sentiment warming began in early November. After two months of internal and external resonance repair, the inflow intensity of northbound trading and China’s financing sentiment indicators have weakened from a high level. In the future, it may face downward pressure for a period of time. In the environment of weakening market sentiment, the main track has been significantly callback since the recent year. The steady growth sector continued the previous recovery trend, and the new and old infrastructure chain, real estate and consumption continued to lead the two cities. From the valuation trend, the recent valuation related to the new energy industry chain has dropped significantly, while the valuation of traditional core assets has risen against the trend, and the valuation of new and old core assets has been rebalanced. Steady growth is the core beta of the cross year stage. In order to weaken the restless expectation at the beginning of 22, the core lies in the reduction of the probability that the incremental funds exceed the expectation at the beginning of next year, and the weakening of the pure logic of risk preference promotion in the previous spring agitation. However, the overall market environment in the 22-year cross-year stage is not bad. After the high-level meeting made clear the tone of stable growth, it is currently in the initial stage of comprehensive policy development. From the above resumption, the credit conditions are about to stabilize in a real sense. Referring to historical experience, under the stable growth cycle, the credit widening superposition m1-ppi scissors gap is repaired upward, and value stocks are expected to continue to lead the market for another year. Reiterating that downplaying pure restless expectations and returning to fundamental pricing logic, steady growth is the biggest beta main line in the next quarter.
YueKai Securities said that looking forward to the future, under the economic background of shrinking demand and weakening expectation, boosting consumption in 2022 is expected to become an important starting point, and it is expected to obtain more industrial policy support in terms of consumption upgrading and market sinking. According to the historical situation, the profitability of the consumer sector is likely to be significantly improved in 22 years, and the performance elasticity is high under the low base effect. At the same time, the valuation side is also significantly repaired under the boost of policies and prosperity. The consumer sector has ushered in a double-click market driven by valuation performance, and the required consumption has performed before the optional consumption, Optional consumption elasticity is greater. For the growth track, the short-term sector is expected to fluctuate more under the influence of multiple factors. In the long run, the development of the industry is mainly supported by the top-level planning. The realization process of carbon neutralization has a long way to go. The logic of the long-term development of the industry remains unchanged. As an important starting point for steady growth next year, the prosperity sustainability is expected to be maintained. Pe-g is selected
<1的优质性价比板块。
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The three major A-share indexes collectively closed up today, of which the Shanghai index rose 0.39% to close at 3630.11 points; The Shenzhen Component Index rose 0.83% to close at 14837.87 points; The gem index rose 1.06% to close at 3328.56. The market turnover reached 1 trillion yuan, the industry sector rose more or less, the concept of lithium mine rose sharply, and the power industry and coal industry led the decline.
Today’s news:
1. The central bank’s latest statement mentioned twice in three days “to better meet the reasonable housing needs of home buyers” to release what signal?
2. Economic daily article: promote roof photovoltaic development and avoid big HuLong
3. The Ministry of industry and information technology and other 15 departments jointly issued the “14th five year plan” Siasun Robot&Automation Co.Ltd(300024) industrial development plan
4. Witness history! Big Mac China Mobile back to a was abandoned and purchased by more than 700 million netizens: do you want to break it?
5. Many well-known pharmaceutical enterprises have raised the price of Chinese patent medicine! Nearly 80% of the prices of medicinal materials have doubled! What’s going on?
6. Hundreds of billions of private placement giants apologize! This year’s excess return has returned to zero, and listed companies have subscribed for products “stepping on the pit”
7. Refresh history! The first new shares of the Beijing stock exchange are too hot. 750000 people “rush” 2.4 million cash subscription to ensure 100 shares
8. The National Informatization Plan of the 14th five year plan was issued! Deploy 10 major tasks to smooth the financing channels of wechat Enterprises
9. The Ministry of industry and information technology and other eight departments jointly issued the intelligent manufacturing development plan during the 14th five year plan
For the future market trend, institutions have expressed their views.
Haitong Securities Company Limited(600837) said that from the review of previous restless market at the end of the year and the beginning of the year, the cross year market usually occurs every year. The reason behind this is that the end of the year and the beginning of the year are often the time window for major meetings. At the same time, there are few basic data disclosure of A-Shares from November to March, and the capital interest rate usually falls at the beginning of the year, so the risk preference of investors in the beginning of the year is relatively higher. On the whole, the market performance from July to October this year is relatively weak, the current valuation is acceptable, and the liquidity is relatively abundant. Based on the history, this cross year market may be started in advance this year. The rise of the index is not violent at present, but the bottom of the market has been slowly rising. Before November, the bottom of the CSI 300 was about 4800 points, and the bottom of the index has been significantly raised recently. Specifically, we can focus on three main lines: undervalued big finance, high boom hard technology and consumption follow-up rebound.
China Industrial Securities Co.Ltd(601377) think, hold the bumps and beat the short with the long. The next year’s market will pick up levels in the “hesitation” of the market and the alternating rotation of plates. Since the “cross year market” was put forward in mid November, the index has risen significantly, but the market is not “firm”. The market always has doubts and differences, and presents a state of “waiting for signal verification → rapid rise → shock consolidation”. The core reason is that as we have repeatedly stressed, this wave of cross year market is similar to the spring offensive in previous years, and most of the core driving forces come from the warming of policy expectations and risk appetite. Therefore, it is also vulnerable to changes in market expectations and some short-term negative factors. The overall rise, fall and continuous fluctuation of the market are mainly affected by factors such as crowded institutional positions, balance structure at the end of the year, disturbance of overseas epidemic, capital return at the end of the year and so on. However, the “anti humanity” of investment is that we need to overcome the current anxiety and turbulence with relatively long-term and rational judgment. We believe that the current cross-year market is not over, the market logic is still established, and continues to be realized and strengthened. Therefore, hold the bumps and beat the short with the long, and the cross-year market is not finished to be continued.
Gf Securities Co.Ltd(000776) indicates that A-Shares are still in the “possible stage” where the numerator end is expected to be flat and the denominator end is expected to be supported. The recent market is relatively under pressure: Biden’s 1.75 trillion reconstruction of a better future act has been frustrated, which restricts the US economic growth expectation and the expectation of Shanxi Guoxin Energy Corporation Limited(600617) cars going to sea in 22 years, the US inflation is still high, the global epidemic has been repeated, the recent Chinese policy has not exceeded the expectation, and the negative news of the new energy vehicle chain has led to negative feedback on market sentiment. We judge that the current A-share is still a “viable stage”: the central bank’s regular monetary meeting in the fourth quarter continues to emphasize “stability first”, and the unilateral reduction of LPR brings the expectation of MLF interest rate reduction in early 22. From the perspective of market linkage, as long as the convertible bond remains strong, the probability of A-share is still a “viable stage”. “Available stage” is also an opportunity for bargain hunting to layout “spring agitation”. We judge that the current “spring agitation” is supported: the main line of the policy of “stability first” and the MLF lowering expectations. Recently, A-Shares are relatively under pressure, but at present, A-Shares are still “possible stage”. “Spring agitation” occurs every year. It is suggested to focus on the main line of “double carbon wide credit” and some new energy / consumption / technology manufacturing segments with the advantage of “cross year valuation difference”. It is recommended to continue the high-low region equilibrium for industry configuration – 1. Lowering the reserve requirement and stabilizing the real estate chain (securities companies, white power, consumer building materials); 2。 “Double carbon and wide credit” + steady growth of new infrastructure (green power operators and military industry); 3。 Price increase expectation under ppi-cpi transmission (food processing).
Huaxi Securities Co.Ltd(002926) said that in the short term, A-Shares are ready for the new year and are ready for the restless market at the beginning of the year. Since December, the monetary policy of western countries led by the United States has been tightened, superimposed with the spread of mutant strains, and the global market has fluctuated to a certain extent; At the same time, under the warming of institutional capital game at the end of the year, the rotation of A-share plate intensified. The trend of China’s foreign policies is different. In the warm period of the “stable growth” policy, the monetary policy will be more active and promising in the next stage, the market liquidity will remain abundant, the credit supply is expected to accelerate at the beginning of the year, and the probability of MLF interest rate reduction is also increasing. In the environment of market shock, bargain hunting can be arranged in the restless direction in spring, biased towards consumption growth. In terms of industry allocation, there are three main investment lines: 1) growth sectors, such as new energy (vehicle) and electronic industry chain; 2) the “Spring Festival effect”, with a certain price increase expected Baijiu plate; 3) The “real estate” sector, which benefited from the marginal change of the real estate policy of “implementing policies due to the city”, focused on the central enterprises with improved market share. Theme investment focuses on “double carbon, military industry, consumption upgrading”, etc.
Guosheng Securities believes that from the perspective of micro sentiment, the current round of market sentiment warming began in early November. After two months of internal and external resonance repair, the inflow intensity of northbound trading and China’s financing sentiment indicators have weakened from a high level. In the future, it may face downward pressure for a period of time. In the environment of weakening market sentiment, the main track has been significantly callback since the recent year. The steady growth sector continued the previous recovery trend, and the new and old infrastructure chain, real estate and consumption continued to lead the two cities. From the valuation trend, the recent valuation related to the new energy industry chain has dropped significantly, while the valuation of traditional core assets has risen against the trend, and the valuation of new and old core assets has been rebalanced. Steady growth is the core beta of the cross year stage. In order to weaken the restless expectation at the beginning of 22, the core lies in the reduction of the probability that the incremental funds exceed the expectation at the beginning of next year, and the weakening of the pure logic of risk preference promotion in the previous spring agitation. However, the overall market environment in the 22-year cross-year stage is not bad. After the high-level meeting made clear the tone of stable growth, it is currently in the initial stage of comprehensive policy development. From the above resumption, the credit conditions are about to stabilize in a real sense. Referring to historical experience, under the stable growth cycle, the credit widening superposition m1-ppi scissors gap is repaired upward, and value stocks are expected to continue to lead the market for another year. Reiterating that downplaying pure restless expectations and returning to fundamental pricing logic, steady growth is the biggest beta main line in the next quarter.
YueKai Securities said that looking forward to the future, under the economic background of shrinking demand and weakening expectation, boosting consumption in 2022 is expected to become an important starting point, and it is expected to obtain more industrial policy support in terms of consumption upgrading and market sinking. According to the historical situation, the profitability of the consumer sector is likely to be significantly improved in 22 years, and the performance elasticity is high under the low base effect. At the same time, the valuation side is also significantly repaired under the boost of policies and prosperity. The consumer sector has ushered in a double-click market driven by valuation performance, and the required consumption has performed before the optional consumption, Optional consumption elasticity is greater. For the growth track, the short-term sector is expected to fluctuate more under the influence of multiple factors. In the long run, the development of the industry is mainly supported by the top-level planning. The realization process of carbon neutralization has a long way to go. The logic of the long-term development of the industry remains unchanged. As an important starting point for steady growth next year, the prosperity sustainability is expected to be maintained. Pe-g is selected
