Since this year, the research frequency of institutional investors has increased significantly, and the research coverage of individual stocks has expanded significantly.
According to the data of Cailian xingkuang, as of December 30, 2712 listed companies had been investigated by institutional investors during the year, with a research frequency of 239000 times. The number of research companies was 1.7 times that of 2020 (1608 listed companies), and the research frequency was 1.66 times that of 2020 (144000 times).
Specifically, electronics, medicine, biology and other industries are the focus of the institutions, and Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Shenzhen Transsion Holdings Co.Ltd(688036) have become the listed enterprises of the institutions.
institutional investor research soared
Since 2020, research has become an important way for professional institutional investors to understand listed companies and one of the main ways for investors to tap excess returns.
The absolute frequency of research on institutional investors increased significantly, jumping from less than 100000 times to more than 200000 times. The research frequency of institutional investors has also soared significantly in the past two years, and has now exceeded 90%, which is the absolute main force.
The scope of individual stocks covered by the survey also has a very obvious expansion trend, from only more than 1000 two years ago to more than 2500.
As of December 30, institutional investors had investigated 2712 listed companies during the year, with a frequency of 239000 times, and the number and times of research companies had exceeded the whole year of 2020 (1608 companies, with a frequency of 144000 times).
Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Shenzhen Transsion Holdings Co.Ltd(688036) , Thunder Software Technology Co.Ltd(300496) are investigated by institutional investors most frequently
According to the data of Cailian xingkuang, as of press time, Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) is the most frequently surveyed listed company this year, followed by Shenzhen Transsion Holdings Co.Ltd(688036) and Thunder Software Technology Co.Ltd(300496) .
Source: Star mineral data; Classification of institutional investors: securities companies, public funds, private funds, banks, insurance, trust, asset management, others
Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) is the leader of medical devices in China. The company’s main business covers three fields: life information and support, in vitro diagnosis and medical imaging. It is committed to the R & D and manufacturing of clinical medical equipment. Its products cover four fields: life information and support, clinical testing and reagents, digital ultrasound and radiological imaging.
Shenzhen Transsion Holdings Co.Ltd(688036) is a domestic mobile phone giant sweeping the African continent. Its business is concentrated in emerging market countries such as Africa, South Asia and Southeast Asia. The main products are Tecno, itel and infinix mobile phones, as well as oraimo, a digital accessories brand, syinix, a home appliance brand and carlcare, an after-sales service brand.
Thunder Software Technology Co.Ltd(300496) is the world’s leading provider of intelligent platform technology. Its core technology covers communication protocol stack, deep learning, graphics and image algorithm, operating system optimization and security technology.
According to the investigation of public offering institutions, Shenzhen Transsion Holdings Co.Ltd(688036) is the most frequently investigated, followed by Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) and Huali Industrial Group Company Limited(300979) . The top ten stocks surveyed are concentrated in pharmaceutical, biological, electronic, computer and other industries.
According to the investigation of securities companies, the most frequently investigated is Thunder Software Technology Co.Ltd(300496) , followed by Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) and Chow Tai Seng Jewellery Company Limited(002867) . The top ten stocks surveyed focused on electronics, computers, textiles and clothing.
the five sectors of electronics, medicine and biology, computers, equipment and power equipment have attracted the most attention
Observe the industry distribution of the investigated enterprises. Listed companies in electronics, medicine, biology, computers, equipment and other industries are investigated the most frequently, while listed companies in real estate, commercial retail, non bank finance and coal industries are the least investigated by institutional investors.
Generally speaking, the public fund is the most active in the research on the electronic sector, and the annual research frequency has exceeded 10000 times. Followed by medicine, biology, mechanical equipment, computers and power equipment.
In terms of securities companies, the electronics sector is the most concerned, followed by computers, medicine and biology, equipment and power equipment.
It is worth noting that, whether from the overall dimension or from the subdivision dimensions such as public offering and securities companies, these five sectors are the most concentrated in the survey, which means that different types of institutions have similar preferences in the survey.
What signals does the organization research send?
A broker research department employee told reporters that because there are many A-share listed companies, it is unrealistic to conduct all research. Generally speaking, sellers will focus on the listed companies covered by their research and reporting services.
From the perspective of a single brokerage research department, there is no strong correspondence between the research arrangement and the recent performance of relevant listed companies in the secondary market. The research department’s investigation of a company does not mean that it is optimistic about and recommends relevant stocks in the near future, but more likely for the purpose of maintaining the relationship with the enterprise and tracking the dynamics of the industry.
Of course, she also pointed out that for some enterprises interested in the market, the research department would like to establish more frequent exchanges with them. Therefore, from the overall data, if an enterprise is investigated by institutions a lot, it can still intuitively show that institutional investors pay high attention to the enterprise.
At the same time, in her opinion, the presence of buyer investors such as public offering and private placement can better illustrate their interest in the company’s investment. “It is easy for buyers to participate in remote telephone and video conferences organized by securities companies, but field research is very time-consuming and energy-consuming. If they are not focused on enterprises, buyers generally will not participate.”
Another public offering investment researcher said that the buyer’s investment researchers have no fixed model for enterprise research. When the full coverage of the research is unrealistic, the ways to improve the research efficiency are also very diverse, and the attention to relevant stocks is not fully reflected in the institutional research data.
In his opinion, research has been given different functions according to different investment ideas.
For the investment researchers on the right, the phased performance of the market may affect their attention to individual stocks and be reflected in the behavior of institutional research.
For the investment researchers on the left, institutional research is more used to maintain a long-term concern about the industry. This concern may not be limited to the investigated stocks, nor is it directly linked to short-term investment decisions.
(Financial Associated Press)
