Focus on the banking sector
The total net outflow of large funds was 19.1 billion yuan, 33.4 billion yuan more than the previous trading day. Among the 134 industry sectors of Shenwan secondary industry (2021) counted by wind financial terminal, 31 sectors had net inflow, and the number of net inflow sectors was 25 less than that of the previous trading day. The top five sectors of net inflow are: 2.612 billion yuan for medical devices, 1.043 billion yuan for traditional Chinese medicine, 624 million yuan for chemical pharmaceuticals, 614 million yuan for biological products and 560 million yuan for papermaking; The top five sectors of net outflow are: electric power – 1.751 billion yuan, photovoltaic equipment – 1.628 billion yuan, chemical raw materials – 1.324 billion yuan, consumer electronics – 1.248 billion yuan and software development – 1.13 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) .
