Focus on the banking sector
The total net inflow of large funds was 10.4 billion yuan, 37.6 billion yuan more than the previous trading day. Among the 134 industry sectors of Shenwan secondary industry (2021) counted by wind financial terminal, 71 sectors had net inflow, and the number of net inflow sectors was 43 more than that of the previous trading day. The five major sectors of the net inflow are: real estate development 4 billion 546 million yuan, securities 3 billion 934 million yuan, battery 2 billion 883 million yuan, Baijiu 1 billion 870 million yuan, and photovoltaic equipment 1 billion 130 million yuan; The top five sectors of net outflow are: Traditional Chinese Medicine – 1.985 billion yuan, planting – 1.260 billion yuan, coal mining – 1.174 billion yuan, Shenzhen Agricultural Products Group Co.Ltd(000061) processing – 1.066 billion yuan and agrochemical products – 1.002 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) , Postal Savings Bank Of China Co.Ltd(601658) , Bank Of Nanjing Co.Ltd(601009) , China Everbright Bank Company Limited Co.Ltd(601818) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Bank Of Jiangsu Co.Ltd(600919) .
