There are three trading weeks left before the lunar new year. Looking forward to the future, will A-Shares get rid of the adjustment state and regain the rise?
In the view of institutions, after some forward-looking economic indicators gradually improve, the market may reverse the downturn and gradually turn positive, and the market style is expected to be further balanced in 2022. In terms of allocation, the main line of “steady growth” has become a broad consensus among institutions.
major events affecting investment this week
guidance on board transfer of listed companies of Beijing stock exchange
According to the news of the CSRC on January 7, the CSRC revised the guiding opinions on the transfer of Listed Companies in the national share transfer system of small and medium-sized enterprises to the stock market, and formed the guiding opinions on the transfer of Listed Companies in Beijing stock exchange. According to the guiding opinions, a listed company applying for board transfer on the Beijing stock exchange shall have been listed on the Beijing stock exchange for more than one year, and its listing time on the original selection layer and the listing time on the Beijing stock exchange can be calculated together. In principle, the restricted period of shares of listed companies on the Beijing stock exchange after the board transfer can be deducted from the restricted time at the original selection layer and the Beijing stock exchange.
CSRC Huang Ming: implement the zero tolerance requirement
strictly crack down on illegal acts of securities and futures according to law
Huang Ming, a first-class inspector of the Investor Protection Bureau of the CSRC, said on January 9 that we should implement the zero tolerance requirement and strictly crack down on Securities and futures violations in accordance with the law. We should continue to publicize and implement the amendments to the criminal law and the new securities law, so as to make the concept of zero tolerance more popular. Adhere to classified supervision, accurate crackdown, strictly and quickly investigate and deal with major illegal cases such as fraudulent issuance, false statements, market manipulation, insider trading, trading with unpublished information and fabricating and disseminating false information according to law, strengthen the accountability for the illegal acts of issuers, controlling shareholders, actual controllers, intermediaries and their employees, punish the evil, promote the good, support the good and limit the bad, Enhance the awe of the market and create a good market ecology.
organization: focus on the main line of steady growth
Citic Securities Company Limited(600030) : steady growth is the main line
The configuration cost performance of High-level Track and low-level plate changes one after another. The acceleration of “high cut low” trading under the intensive position adjustment of institutions is the main reason for the market adjustment at the beginning of the year. Steady growth is the main line for at least the first quarter, infrastructure and real estate are still sustainable, and the market consensus on low-level blue chips will be strengthened; The starting point of the market in the first half of the year will be delayed, and the short-term adjustment will bring a better allocation time point.
China International Capital Corporation Limited(601995) : continue to focus on “steady growth”
Markets need not be overly pessimistic. Combined with the details of recent local steady growth policies, after some forward-looking economic indicators gradually improve, the market may reverse the downturn and gradually turn to positive. In the medium term, the market is “dangerous”. It is suggested to continue to take “steady growth” as the main line, and pay attention to the industrial chains related to the steady demand for infrastructure and real estate (construction, building materials, household appliances, home furnishings, real estate, etc.), potential consumption support fields, securities companies and other sectors; Manufacturing growth style may continue to be suppressed and still need to wait for the opportunity.
Anxin Securities: looking for elastic plate in undervalued value
Under the consistent expectation of the steady growth policy, the improvement of infrastructure investment in 2022 compared with that in 2021 is a relatively certain event, and the possibility of infrastructure construction exceeding the expectation in the first quarter is not small. Maintain the current allocation idea of looking for elastic plates in undervalued values, recommend industry differentiation and over allocation in the short term, and recommend chemical (traditional varieties +), transportation, building materials, electronics and securities companies; Focus on the transformation of undervalued central enterprises + emerging industries.
financing fund: A shares have a good trend or are still obvious
On the whole, although the fluctuation range of market sentiment after the festival is large, there is no substantive bad. Monetary policy continues to help steady growth, and liquidity remains reasonably abundant. After the seasonal suppression factors of funds gradually subside, the positive trend of A-Shares may still be obvious.
SDIC UBS Fund: optimistic about the middle and lower reaches
fields related to energy construction
In 2022, the pattern of “wide money and stable credit” has been gradually clarified, the probability of fiscal power has increased, and structural wide credit is worth looking forward to. With the decline of the economic growth center brought by economic transformation, the economic driving force has gradually changed from the real estate cycle to the energy construction cycle. We are optimistic about the fields related to energy construction in the middle and lower reaches.
ABC Huili Fund: the market style will be more balanced
In 2022, A-Shares are expected to maintain the trend of continuous entry of incremental funds into the market, but the pace is slower than that in the previous two years. Under the background of generally high valuation of popular tracks, the intensity of structural differentiation will converge. With the gradual appearance of the effect of credit easing, there may be a general rising market driven by the expectation of economic stabilization and loose liquidity at a certain stage. The market rotation dominated by liquidity and risk preference is fast, and the market style will be more balanced in 2022.
(source: China Securities Journal)
