Since this week, the market has continued to decline. The Shanghai stock index has fallen 4.47% in the past two days. The latest closing fell below the integer mark of 3300 points, a new low in the past year. The Shenzhen Component Index and the gem index fell by around 6% in two days. The industry sector fell across the board, and popular concepts such as lithium battery, assisted reproduction and covid-19 drugs all fell.
At the same time, funds going north have flowed out sharply in the past two days, with a cumulative outflow of nearly 17 billion yuan this week. On Tuesday, the net outflow of funds going north was 8.699 billion yuan, the highest single day net outflow since the Spring Festival.
With regard to the current market trend, Citic Securities Company Limited(600030) said that the positive objectives of the “two sessions” policies are clear, and the trend of steady growth is clear. If the geopolitical risk does not significantly exceed expectations, there is no need to worry too much about the future performance of a shares. In terms of structure, the risk of growth stocks has been released in the early correction, and gradually entered the stage of “bargain hunting”; The “steady growth” sector fluctuates more, but there may still be room for performance in the future.
Guosheng Securities believes that the split difference between the high and low valuation of A-share sector has reached the highest in a decade, and the continuous differentiation of the market stems from this. In the new year, funds will continue to switch between high and low, with risks and opportunities coexisting. In terms of operation, the structured market has become the norm, and the funds will eventually “anchor” the performance. With the adjustment of track stocks, the “real growth” with good cost performance will appear one after another.
some undervalued stocks
performance resistance
Since 2022, the structural market characteristics of A-Shares have been remarkable. Some stocks have benefited from rising product prices, excellent annual report performance and capital driven, and their performance is relatively resistant to decline. For example, Petrochina Company Limited(601857) , the stock once fell below 4 yuan last year, a record low. Affected by the international situation since 2022, the global crude oil price has continued to rise, and Petrochina Company Limited(601857) has been sought after by funds. Since this year, it has increased by 20.16%, significantly outperforming the Shanghai Stock Exchange Index in the same period.
Through the following dimensions, securities times · databao calculates the undervalued stocks that are relatively resistant to decline at present: 1 Share prices have risen this year; 2. The latest closing price is less than 10% higher than the high point of the year; 3. The latest rolling P / E ratio is less than 30 times.
Combing found that a total of 52 shares were shortlisted. Among the above stocks, China Yangtze Power Co.Ltd(600900) , Poly Developments And Holdings Group Co.Ltd(600048) hit record highs in this week’s trading. These two stocks are respectively the leaders in the hydropower and real estate industries. The market value of the latest A shares is 527.6 billion yuan and 2011 billion yuan respectively.
From the valuation level, more than 40% of these 52 stocks have a rolling P / E ratio at the single digit level. Six stock markets, including Bank Of Beijing Co.Ltd(601169) , Bank Of China Limited(601988) , Agricultural Bank Of China Limited(601288) , Chongqing Rural Commercial Bank Co.Ltd(601077) four bank stocks and Sansteel Minguang Co.Ltd.Fujian(002110) , Hunan Valin Steel Co.Ltd(000932) two steel stocks, have earnings ratios of less than 5 times.
From the perspective of amplitude, low amplitude stocks are also mainly bank stocks Bank Of China Limited(601988) this year, the amplitude is 4.92%, ranking the lowest Agricultural Bank Of China Limited(601288) , Chongqing Rural Commercial Bank Co.Ltd(601077) followed, with annual amplitudes of 5.44% and 6.23% respectively. Among non bank stocks, Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) , Xiandai Investment Co.Ltd(000900) , China Yangtze Power Co.Ltd(600900) , Bohai Ferry Group Co.Ltd(603167) , etc. have lower amplitude.
going north after the capital Festival
significantly increased its holdings of 11 anti falling stocks
According to the lower limit of annual report, express report and forecast net profit, the net profit of more than half of the anti falling stocks is expected to increase positively in 2021 Luxi Chemical Group Co.Ltd(000830) , China Coal Xinji Energy Co.Ltd(601918) , Ming Yang Smart Energy Group Limited(601615) , Zijin Mining Group Company Limited(601899) doubled the net profit last year Luxi Chemical Group Co.Ltd(000830) it is estimated that the net profit in 2021 will be 4.55 billion yuan to 4.65 billion yuan, with a year-on-year increase of 451.63% to 463.75%. The change in performance is mainly due to the large year-on-year increase in product prices.
Judging from the flow of funds going north, some undervalued anti falling stocks mentioned above are favored after the Spring Festival. According to the statistics of data treasure, calculated according to the average transaction price of the interval, 11 shares have been increased by more than 100 million yuan since the Spring Festival Zijin Mining Group Company Limited(601899) , China Yangtze Power Co.Ltd(600900) , Shaanxi Coal Industry Company Limited(601225) and other three shares were increased by more than 1 billion yuan Zijin Mining Group Company Limited(601899) holdings increased by 5.342 billion yuan, ranking the first, with a cumulative increase of 17.63% during the year. The company expects a net profit of about 15.6 billion yuan in 2021, a year-on-year increase of 139.67%.
