With the end of the market in March, the latest monthly “gold stock” portfolio of securities companies has been released one after another.
Up to now, more than 10 institutions have released the list of gold stocks in April. The institutions are not pessimistic as a whole. It is suggested to focus on the industries whose performance may exceed expectations and the direction of steady growth. In terms of industry layout, it is recommended to recommend sectors such as medicine, banking and agriculture.
Looking back on March, the gold stock returns of securities companies were relatively bleak, among which Minsheng securities, Kaiyuan securities and Guolian Securities Co.Ltd(601456) gold stock portfolio were relatively resistant to decline, with an overall decline of less than 5%. In terms of individual stocks, the highest increase was Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , recommended by Minsheng securities, with an increase of 17.73%.
4 month focused performance growth of securities companies’ gold stocks
From the list of gold stocks in April, securities companies focus on the two main lines of performance certainty and steady growth. It is suggested to pay attention to industries whose performance may exceed expectations and the direction of steady growth.
YueKai Securities said that from the perspective of industry prosperity, the performance certainty of chemical industry, electronics, medical biology, national defense and military industry is relatively stronger. In addition, as the main policy line, steady growth will still be the main market in the long run. It is suggested to continue to pay attention to new and old infrastructure and investment opportunities in the consumer industry to expand domestic demand.
“At present, the market’s expectation of profit growth in 2022 is high, and the probability of low annual performance is high. Therefore, the stock prices of industries that still have good performance in the first quarterly report may have a better performance.” Everbright Securities Company Limited(601788) strategy analyst Zhang Yusheng said.
3 month gold stock report card of securities companies announced:
underestimated value “counter attack”
In March, the “report card” of gold stocks was unveiled, and most securities companies recorded negative returns. According to incomplete statistics, the gold stock portfolio yield of Minsheng securities is relatively resistant to decline, and the yield ranks first. The income of open source securities, Guolian Securities Co.Ltd(601456) , deppon securities and gold stock portfolio followed.
In terms of individual stocks, the undervalued sectors such as coal, real estate and aquaculture rose against the trend in March. Among them, the highest increase was Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , recommended by Minsheng securities, with an increase of 17.73% Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) , Gemdale Corporation(600383) followed, with a monthly increase of more than 10%; In addition, China National Nuclear Power Co.Ltd(601985) , Bank Of Nanjing Co.Ltd(601009) , Tecon Biology Co.Ltd(002100) also led the increase.
Looking forward to April, most securities companies hold a positive and optimistic view Everbright Securities Company Limited(601788) believes that the positive factors in the market are gradually accumulating, which is expected to dominate the market and perform well in April. Kaiyuan Securities said that attention should be paid to this round of trend rebound and firmly optimistic about the periodic rising opportunities of “denominator end” valuation repair and even expansion brought by the liquidity shift in the A-share market.
However, some institutions are relatively cautious. Huaxin Securities believes that A-Shares may shake and grind to the bottom in April. Long and short factors at home and abroad are intertwined, and the process from the bottom of the policy to the bottom of the market may be full of twists and turns. The need to stabilize the epidemic situation and economic growth in the next quarter will be strengthened again.
