Focus on the banking sector
The total net inflow of large funds was 14.3 billion yuan, 51 billion yuan more than the previous trading day. According to the statistics of wind financial terminal, 56 of the 134 industry sectors of Shenwan secondary industry (2021) have net inflow, and the number of net inflow sectors is 37 more than that of the previous trading day. The top five sectors of the net inflow are: 3 billion 573 million yuan of batteries, 3 billion 235 million yuan of photovoltaic equipment, 2 billion 238 million yuan of Baijiu, 2 billion 106 million yuan of semiconductor and 1 billion 442 million yuan of medical devices. The top five sectors of net outflow are: it services – 543 million yuan, computer equipment – 523 million yuan, industrial metals – 496 million yuan, housing construction – 435 million yuan and securities – 432 million 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) .
