Haitong Xun Yugen said that three factors support us to be optimistic about the spring market. First, the macro policy is loose, from broad money to broad credit, and the real estate policy is actively fine tuned. Second, the current roe is still in the recovery cycle. It is expected that the rise of roe will continue until the first quarter of 2022, supporting the continuation of the bull market. Third, looking back on history, November of the previous year to march of that year is the window period of restless market. In terms of configuration, it is suggested to focus on three main lines: first, the large financial industry is expected to usher in repair; Second, the hard technology industry has good fundamentals and strong stock price performance. The new energy vehicle industry chain is expected to maintain a high boom in the next few years, and the market environment needs to digest the valuation stage by stage; Third, at present, the profitability and fund allocation of the consumer industry are at a low level. Looking back, the fundamentals of the consumer sector are expected to pick up and the cost performance will be improved.
(Financial Associated Press)
