This week, the Shanghai index rose 0.60%, the Shenzhen Composite Index rose 1.00% and the gem index rose 0.78%. How to go in the future market of a shares? Look at what the agency says:
① YueKai Securities: A-Shares are expected to make a good start in January, focusing on three main investment opportunities
YueKai Securities believes that with the support of the gradual implementation of economic data recovery superposition policies and performance level, A-Shares are expected to make a good start in January. It is recommended that investors focus on three main investment opportunities: (1) investment opportunities in the science and technology growth sector with favorable policies. Recently, many ministries and commissions have intensively released the 14th five year plan for science and technology industry, specifically targeting the fields of intelligent manufacturing, national informatization, medical equipment industry, Siasun Robot&Automation Co.Ltd(300024) industry, digital transportation and raw material industry. In the future, China’s science and technology development will follow the two main lines of independent control and innovation leading. With the support of top-level policies, the investment opportunities in the subdivided science and technology sectors mentioned in the plan deserve attention, focusing on 5g, integrated circuit, industrial Internet, intelligent transportation, etc. (2) The consumer sector is expected to usher in a double-click market driven by valuation performance. Under the economic background of shrinking demand and weakening expectation, boosting consumption in 2022 is expected to become an important starting point, and more industrial policy support is expected in terms of consumption upgrading and market sinking. At the same time, the profitability of the consumer sector is likely to be significantly improved in 2022. Under the low base effect, the performance elasticity is high, and the valuation end is expected to be significantly repaired under the boost of policies and prosperity. (3) The annual report anticipates investment opportunities in the sector. At present, the performance prediction rate of A-share annual report has reached 81.51%, a total of 97 enterprises, including many enterprises in pharmaceutical and biological, electronic, chemical and mechanical equipment industries. The performance growth is expected to double. The shares are mainly concentrated in high-profile industries such as chemical, pharmaceutical and electronics, and can focus on high-quality targets with large margin improvement and strong sustainability in the fourth quarter.
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Founder Securities Co.Ltd(601901) pointed out that the market risk preference of A-Shares in January is high. The “good start” on the first day of the new year, the rise in the first week of the new year and the red in January will be high probability events. The short-term market also has high impact requirements and challenges the pressure above 3650 points. Whether we can stand above 3650 points and whether the volume can be effectively released is the key. The high impact and falling probability of the market is high. In history, the first quarter was a period of centralized release of policies, especially at a time when there is an urgent need for stable economic growth, the monetary policy in January this year is worth looking forward to. In terms of operation, it lightens the index, focuses on individual stocks, focuses on bargain hunting, pays attention to securities companies, “Chinese prefix” and “national brand” stocks, meta universe concept, electromechanical equipment, environmental protection and “three low” bottom stocks, and avoids “three high” stocks and delisting risk stocks.
③ Bohai Securities: it is not pessimistic about the performance of the index in January and plans the cross year market
Bohai Securities pointed out that in December 2021, both index level, industry level and individual stock performance showed relatively strong characteristics of make-up and make-up decline. In January, the return of overseas risk appetite and the easing of China’s liquidity pressure created good external conditions for the A-share market. The A-share market has also entered the vacuum stage of economic data and performance. With the superposition of valuation switching and other factors, the market has entered the game stage, and is not pessimistic about the performance of the index in January. In terms of industry allocation, in addition to continuing the recommendations on the two main lines of trend continuation and dilemma reversal in the annual report, based on the retrospect of the performance of various industries in the past cross-year market, it is recommended to focus on the industries with the lowest marginal improvement, and observe the possibility of taking off in the first quarter of 2022 after “squatting” in the fourth quarter of 2021. Specifically, we can focus on steel, real estate industry chain including building materials and architectural decoration, big finance including banks and securities companies, and consumer sectors including household appliances, medicine and biology, food and beverage and leisure services.
④ Citic Securities Company Limited(600030) : high quality blue chips will be better and better in the beginning of the year, with the layout of “three low positions”
Citic Securities Company Limited(600030) believes that high-quality blue chips will be better and better in the beginning of the year. It is suggested to closely follow the two main lines and layout the “three low positions”. First of all, it is expected that the data for the fourth quarter of 2021 will show an obvious recovery trend of China’s economy. The data for the first quarter of next year will fully reflect the effect of policy synergy, and market confidence will repair rapidly. Secondly, at the end of the year, both the admission of incremental funds and the transfer of stock funds will reflect the characteristics of water flowing to the low, “cutting high to low” is still the trading direction with the least resistance, and the cross-year market style is still obviously biased towards the market and low-level blue chip repair. Finally, the “good start” of bank credit at the beginning of the year may exceed expectations, which will confirm the trend of credit cycle repair; The new “good start” of public offering makes the market more liquid. It is expected that the high-quality blue chip market of A-Shares will be better and better at the beginning of 2022. The following suggestions are focused: (1) the expected low level varieties, focusing on auto parts and electrical equipment, and gradually adding some consumption and pharmaceutical sectors that are worth a reasonable return to the region, such as Baijiu, food, vaccines, etc. (2) For the varieties with relatively low valuation, pay attention to the high-quality developers and building materials enterprises after the expected mitigation of real estate credit risk; (3) High boom varieties with adjusted share prices at a relatively low level, such as semiconductor equipment, special chip devices and military industry.
(First Finance)
