Focus on the banking sector
The total net outflow of large funds was 36.7 billion yuan, 17.2 billion yuan less than the previous trading day. According to the statistics of wind financial terminal, 19 of the 134 industry sectors of Shenwan secondary industry (2021) have net inflow, and the number of net inflow sectors is 7 more than that of the previous trading day. The top five sectors of net inflow are: batteries 515 million yuan, precious metals 508 million yuan, urban commercial banks 481 million yuan, housing construction 309 million yuan and coal mining 295 million yuan; The top five sectors of net outflow are: industrial metals – 2.422 billion yuan, securities – 1.876 billion yuan, software development – 1.574 billion yuan, real estate development – 1.539 billion yuan and energy metals – 1.419 billion yuan.
It is suggested to pay attention to the banking sector. The specific analysis is as follows:
1) the central economic work conference stressed that the economic work in 2022 should be “stable and make progress while maintaining stability”, and required to “actively launch policies conducive to economic stability”. Infrastructure investment, real estate deviation correction and double carbon economy in 2022 are expected to drive wide credit.
2) with steady growth, the banking sector is expected to form a DDM numerator denominator resonance market. At the molecular end, under the wide credit, the bank’s revenue is compensated by volume, and the bad pressure on the cost end is relieved; At the denominator end, the improvement of economic expectation leads to the improvement of risk assessment.
3) recommendation: Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , Postal Savings Bank Of China Co.Ltd(601658) , Bank Of Nanjing Co.Ltd(601009) , China Everbright Bank Company Limited Co.Ltd(601818) , China Merchants Bank Co.Ltd(600036) , Bank Of Ningbo Co.Ltd(002142) .
