Strategy: pay attention to this round of trend rebound and lay out three directions
How long can the rebound last? Firmly optimistic about the periodic rising opportunity of “denominator end” valuation repair and even expansion brought by the liquidity shift of A-share market; The duration may be affected by the expected tightening of overseas currencies. It is expected to be as short as the end of April and as long as may. Investment suggestion in April: growth style is dominant. There are three specific allocation directions: first, the growth attribute cycle, including industrial chains such as “new semi army” and high-end manufacturing. Second, TMT, especially metauniverse and other subdivided industries with clear growth lines. Third, both securities companies and real estate companies are expected to benefit from the recovery of liquidity, improve fundamentals and improve expectations.
Financial Engineering: industry bulls in April based on industry rotation model
Based on the industry rotation model, the industry bulls in April were: transportation, coal, banking, media, non bank finance, architectural decoration, agriculture, forestry, animal husbandry and fishery, social services and real estate.
Power equipment and new energy: Shenzhen Senior Technology Material Co.Ltd(300568) ( Shenzhen Senior Technology Material Co.Ltd(300568) . SZ), Hunan Zhongke Electric Co.Ltd(300035) ( Hunan Zhongke Electric Co.Ltd(300035) . SZ)
the tight balance of Shenzhen Senior Technology Material Co.Ltd(300568) diaphragm market is difficult to be significantly alleviated in 2022, the driving force of price rise still exists, and the company’s volume and profit rise is expected to continue Hunan Zhongke Electric Co.Ltd(300035) new graphitization capacity is expected to be put into operation in April, and the profit per ton is expected to continue to increase. The top five customers of the company are all head battery manufacturers, and the demand is uncertain in 2022.
Medium and small cap: Huizhou Desay Sv Automotive Co.Ltd(002920) ( Huizhou Desay Sv Automotive Co.Ltd(002920) . SZ)
Under the industry logic of “hardware embedding and software upgrading”, the domain controller drives the company to enter and accelerate its growth.
Chemical Engineering: Inner Mongoliayuan Xing Energy Company Limited(000683) ( Inner Mongoliayuan Xing Energy Company Limited(000683) . SZ)
Soda ash inventory continues to accumulate, and the new capacity will be put into operation later in 2022, which is expected to increase the gap between supply and demand.
Media: G-Bits Network Technology(Xiamen)Co.Ltd(603444) ( G-Bits Network Technology(Xiamen)Co.Ltd(603444) . SH)
The old game has steadily superimposed the contribution of “Yinian Xiaoyao” to drive the continuous growth of performance; We are optimistic that the company will continue to blossom and bear fruit in sub circuits such as Xiuxian and placement, and continue to build high-quality products with long life cycle and high heat.
Computer: Piesat Information Technology Co.Ltd(688066) ( Piesat Information Technology Co.Ltd(688066) . SH)
The leader in satellite application benefited from the high boom of downstream emergency management department and military informatization, and the performance continued to grow at a high rate.
Medicine: Zhejiang Shouxiangu Pharmaceutical Co.Ltd(603896) ( Zhejiang Shouxiangu Pharmaceutical Co.Ltd(603896) . SH)
After the reform, the company adopts dealer promotion, which is expected to achieve rapid growth in sales. The newly produced Ganoderma lucidum spore powder tablet is expected to enhance the acceptance of consumers outside the province by improving the pain points that the powder is not easy to carry and tastes bitter in the province.
Non bank finance: China stock market news ( East Money Information Co.Ltd(300059) . SZ)
Leading the main line of wealth management, the valuation has a margin of safety, and the company has both flexibility and long-term growth; From a marginal point of view, the meeting of the financial committee boosted market confidence, and the improvement of liquidity and the recovery of market preference were good for China stock market news.
Real estate construction: Gemdale Corporation(600383) ( Gemdale Corporation(600383) . SH)
The sales scale increased against the trend and the brand effect was obvious; Rich land reserves, strategic layout of “first tier + core second tier” cities, and prominent deep cultivation ability. The company’s “commercial + financial” wings are icing on the cake, and its intrinsic value is greatly underestimated.
Household appliances: Beijing Roborock Technology Co.Ltd(688169) ( Beijing Roborock Technology Co.Ltd(688169) . SH)
The listing of new products drives the recovery of Q2 export sales and is optimistic about quarterly improvement. The net interest rate of Q1 is expected to increase month on month.
Risk tips: 1. Repeated geopolitics and high PPI; 2. The Fed’s monetary tightening is stronger than expected; 3. Real estate risk amplification.
