On the first trading day of A-Shares in 2022, the market profit-making effect was significantly improved compared with that before the new year’s Day holiday, and the daily limit of individual stocks in the two cities exceeded 120. Although the “spring offensive” of A-Shares is still difficult to find at the index level, a number of private equity institutions believe that A-Shares are “expected to rise” in January, and high scenery, new economy, growth and cycle are expected to become the key words for private equity Nuggets at the beginning of the year.
optimistic outlook on the “spring impetuous” market
Mingyu assets said that from the perspective of before and after the new year’s Day holiday, the recent operation of the A-share market is generally strong. In terms of main economic data, manufacturing PMI continued to rise month on month in December 2021; From the policy perspective, monetary policy tools are expected to continue to increase support for the real economy. As the credit cycle bottoms out and the steady growth policy continues to be implemented, A-Shares are expected to usher in the best time window for the “restless spring” market.
Bao Xiaohui, chairman of Changli assets, believes that the A-share market can be expected to rise in January 2022, and there are four key factors supporting the market that deserve special attention: first, the growth rate of M1 and social finance in the narrow sense have hit the bottom, with obvious signs of recovery, and the liquidity environment is relatively warm; Second, the steady growth policy is expected to be further strengthened; Third, the Fed did not raise interest rates; Four, from the valuation point of view, the industry with high valuation in 2021 mainly concentrated in new power sources, Baijiu, automobiles and so on, but the valuation of most other industries of A-Shares still has the attraction.
According to the 2022 annual strategy report of Jinglin assets obtained by the reporter of China Securities News on January 4, the A-share market is expected to prove the “double bottom” of economic and corporate fundamentals in the first and second quarters. Compared with the views of other large private placement, Jinglin assets is much more optimistic about the A-share market in 2022.
multiple mainlines will run through 2022
Zhao Yuanyuan, investment director of Jianhong times, believes that under the background that the monetary and financial environment may be loose at the same time and the downward interest rate may raise the market risk preference, the cycle and growth are the main line of the A-share structural market for a long time in the future. It is recommended that investors bargain hunting in January focus on automobile intellectualization, meta universe, energy infrastructure, transportation infrastructure, semiconductor equipment For high-quality targets in military industry and other fields, pay due attention to investment opportunities related to Shenzhen Agricultural Products Group Co.Ltd(000061) and food.
Bao Xiaohui believes that Changli assets focuses on two main lines, namely, the real estate and consumer industries that benefit from the improvement of the economic margin, and the long-term investment main line represented by high-end manufacturing and “specialization and innovation”. The upcoming comprehensive registration system, the expectation of interest rate and reserve requirement reduction under the prudent monetary policy and non speculation in housing and housing will help to further promote the liquidity and activity of the A-share market. Under the background that the market trading volume is expected to remain high, the A-share structural slow bull market can be expected.
Gao Yuncheng, general manager of Jinglin assets, said that in 2022, Jinglin assets will focus on investment opportunities in three areas: first, online and intelligent of all equipment, second, Quanzhen Internet and third, the change of energy structure. These three areas are not only the key direction of scientific and technological development, but also the new driving force of economic growth. In 2022, Jinglin assets will continue to look for companies with core competitiveness.
(China Securities Journal)
