a wave of rebound is coming. Where is the potential pioneer? Institutions are optimistic about the oversold high boom growth sector
Overnight, the global stock market reversed, and the Federal Reserve announced that it would raise the target range of the policy interest rate and the federal funds rate by 25 basis points. After the news was released, the rise of US stocks fell for a time, then soared sharply and staged a deep V reversal. The three major European stock indexes also rose across the board, with Germany’s DAX index and France’s CAC40 index rising more than 3%.
The Asia Pacific stock market continued to rise in early trading, with the Nikkei index up more than 3%, the Shanghai index up 2.59% and the Hang Seng Index up nearly 6% a wave of rebound is coming. Where is the potential pioneer? It is found that the rise of growth stocks is the best in the rebound period. Based on this, data treasure counted high boom oversold growth stocks
institutions pay close attention to the high boom growth sector
According to the statistics of the securities times and data treasure, in the three-month rebound period after 2440 points at the end of the Shanghai Stock Index stage, the sectors with the best rise are computers, agriculture, forestry, animal husbandry and fishery, electronics, food and beverage, etc; In the rebound period of several months after the bottom 2646 points of Shanghai stock index in March 2020, social services, food and beverage, beauty care and other sectors increased the most.
Northeast Securities Co.Ltd(000686) believes that the internal and external worries are reduced, and the opportunity of oversold layout of A-Shares is coming Northeast Securities Co.Ltd(000686) recovery since 2005, there have been 13 typical oversold rebounds under the background of downward economic fundamentals or external shocks. The signs of the beginning of the rebound are mostly the improvement of fundamentals under the guidance of policies or the phased easing of external risks. The current internal and external market environment is in line with this feature.
Northeast Securities Co.Ltd(000686) it is suggested to pay attention to the high economic growth with short-term oversold, such as the new energy with high growth of Fengguang lithium battery, the semiconductor with accelerated expansion of wafer factories and unchanged domestic substitution, the military industry with higher than expected military budget, covid-19 special drugs and innovative drugs, etc; The continuation direction of steady growth orientation mainly focuses on the direction of low-carbon and digital new infrastructure, as well as the undervalued central enterprises of building materials catalyzed by the reform of Chinese enterprises in old infrastructure.
Galaxy Securities believes that finance will boost the market rebound in the short term and allocate along the value investment idea in the long term. It is suggested to focus on the main line 1: high-end manufacturing sectors that continue to benefit from high boom superposition policies, such as military industry, new energy, semiconductor, etc. Main line 2: upstream resource products sector benefiting from global energy shortage. Main line three: defensive sectors with strong rebound opportunities, such as Baijiu, medical services, agriculture, forestry, animal husbandry and fishery, are suitable for buying on a drop in the market. Main line 4: undervalued + offensive and defensive financial sector.
six dimension perspective: the leader of over falling and high boom growth
According to the logic of the above institutions, data treasure counted 8 industries with high bearing, such as power equipment, national defense and military industry, medicine and biology, non-ferrous metals, and counted the leaders of oversold growth. In addition to the above conditions, there are also the following five conditions, as follows:
1. Rated by more than 10 institutions;
2. In 2022 and 2023, the institutions unanimously predicted that the growth rate of net profit would exceed 20%;
3. Increase the number of institutions that consistently predict net profit this year more than decrease the number of institutions;
4. Individual shares with a market value of more than 10 billion yuan;
5. The latest price fell by more than 30% from the high point since last year.
After statistics, there are 58 stocks in total. The power equipment sector with growth stocks contributed the most stocks, reaching 14. In addition, 13 and 10 stocks were selected in the electronics sector and the pharmaceutical and biological sector respectively on the whole, the above-mentioned stocks are the leaders of each subdivided industry, including more than 10 leading stocks with a market value of 100 billion, such as Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Wuxi Apptec Co.Ltd(603259) , Will Semiconductor Co.Ltd.Shanghai(603501) , Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) , Sungrow Power Supply Co.Ltd(300274) , Ganfeng Lithium Co.Ltd(002460)
performance generally exceeded expectations
The performance of the above-mentioned stocks generally exceeded expectations last year, which verified the high prosperity of the industry. For example, Wuxi Apptec Co.Ltd(603259) , earlier institutions unanimously predicted that last year’s net profit was about 4.5 billion yuan, and the final annual net profit was close to 5.1 billion yuan. Another example is Ganfeng Lithium Co.Ltd(002460) . Earlier, the institutions unanimously predicted that the net profit was about 3.4 billion yuan, and the final net profit was close to 5.2 billion yuan.
Some stocks have also been raised this year’s performance expectations by institutions. More than 10 stocks, including Wuxi Apptec Co.Ltd(603259) , Suzhou Maxwell Technologies Co.Ltd(300751) , Gigadevice Semiconductor (Beijing) Inc(603986) and so on, have raised the number of performance institutions more than 10 than lowered the number of performance institutions. This can be seen to some extent that the institutions still believe that the high boom of these stocks is expected to continue.
Some stocks “February report” also continued to verify. According to the main operating data released by the company, from January to February 2022, the year-on-year growth rate of orders and sales revenue of the company exceeded 65%, a record high. In addition, the “February report” of Gigadevice Semiconductor (Beijing) Inc(603986) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , Ganfeng Lithium Co.Ltd(002460) and other stocks also continued to grow high.
two funds have added only 4 stocks
Some stocks obtained funds to go north and made a large-scale bottom reading according to the statistics of data treasure, according to the average transaction price since January, the northward capital increased positions in 17 stocks by more than 100 million yuan. To be specific, it includes stocks such as the ‘ Sungrow Power Supply Co.Ltd(300274) ‘ holdingmore than 100 million yuan of which, Sungrow Power Supply Co.Ltd(300274) obtained more than 53 million shares of northbound capital during the year, with the reference amount of more than 6.2 billion yuan.
In comparison, there are only more than 10 stocks with leveraged funds, and the net financing purchases of Ganfeng Lithium Co.Ltd(002460) , Goertek Inc(002241) and Goertek Inc(002241) during the year exceeded 100 million yuan. Only four stocks received two major funds to jointly increase their positions, namely Ganfeng Lithium Co.Ltd(002460) , Goertek Inc(002241) , Shanghai Baosight Software Co.Ltd(600845) , Zhejiang Hangke Technology Incorporated Company(688006) .
Some stocks have had quite a brilliant rebound performance At the end of March, shares such as the 35 and other stocks rebounded by more than 10%. Whether these stocks can continue to lead a strong rebound is worthy of attention.
