Focus on the banking sector
The total net outflow of large funds was 18.1 billion yuan, 11.4 billion yuan more than the previous trading day. According to the statistics of wind financial terminal, 39 of the 134 industry sectors of Shenwan secondary industry (2021) have net inflow, and the number of net inflow sectors is 16 less than that of the previous trading day. The top five sectors of net inflow are: 1.127 billion yuan for housing construction, 927 million yuan for general steel, 926 million yuan for infrastructure construction, 748 million yuan for joint-stock banks and 543 million yuan for chemical fibers; The top five sectors of net outflow are: shipping ports - 2.136 billion yuan, photovoltaic equipment - 1.953 billion yuan, semiconductors - 1.876 billion yuan, batteries - 1.457 billion yuan and it services - 1.003 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) .
