Before half of January, there was a “new love” in insurance capital research.
Compared with December 2021, industrial machinery, electrical components, semiconductors and other industries are no longer the focus of insurance capital. Clothing, clothing and luxury goods, construction products, western medicine and other industries have become the new “pet” of insurance capital.
the research focus has changed
The data show that as of January 14, 57 insurance institutions have participated in the research of listed companies since 2022, 172 times and 168 shares. Compared with the end of last year, the focus of insurance capital research has changed greatly.
The data show that from December 1 to December 31, 2021, the industrial machinery industry is the “Darling” of insurance capital intensive research. Since this year, the clothing, clothing and luxury industries have received more attention from insurance funds. Among the top 10 insurance institutions surveyed, the industry accounted for 12.7% of all surveyed companies, ranking first. Among them, Mclon Jewellery Co.Ltd(300945) , Guangdong Chj Industry Co.Ltd(002345) , Chow Tai Seng Jewellery Company Limited(002867) , Lancy Co.Ltd(002612) and other stocks have received more research.
Zhongtai Securities Co.Ltd(600918) believes that the jewelry retail industry of Guangdong Chj Industry Co.Ltd(002345) and Chow Tai Seng Jewellery Company Limited(002867) is better than the general retail industry in terms of business risk and competition pattern, and jewelry can carry high added value in the long run. With the further optimization of industry concentration, leading enterprises will gradually obtain pricing ability. From the perspective of business model stability, jewelry retail industry belongs to the integrated operation of products, brands and channels; At the industry level, the essence of jewelry is to stabilize scarce precious metals and minerals, basically without iteration risk.
Secondly, the western medicine industry accounted for 9.5% in the survey, ranking second, of which Apeloa Pharmaceutical Co.Ltd(000739) , Teyi Pharmaceutical Group Co.Ltd(002728) , Jiangxi Synergy Pharmaceutical Co.Ltd(300636) and so on have been investigated for many times.
In addition, the construction products, food processing and meat industries accounted for 6.3%, of which Yonggao Co.Ltd(002641) in the construction products industry was investigated for 4 times and Ganyuan Foods Co.Ltd(002991) was concerned by 4 insurance companies.
From the overall survey of insurance capital, the data show that as of January 14, Ping An pension participated in the survey for 16 times, with a total of 15 listed companies, ranking first in the number of survey times and individual shares of insurance capital. Guohua life insurance, Changjiang pension and Guoshou pension have also been investigated more than 10 times, ranking in the top four.
From the perspective of individual stocks surveyed, Guangdong Chj Industry Co.Ltd(002345) , Ganyuan Foods Co.Ltd(002991) , Huadong Medicine Co.Ltd(000963) , Yonggao Co.Ltd(002641) are favored by a number of insurance companies, which belong to clothing and luxury, food processing and meat, health care product dealers, construction products and other industries.
As of the closing on the 14th, Guangdong Chj Industry Co.Ltd(002345) has increased by 3.63% and 19.6% this year. Since the end of last year, the share price has risen sharply and fell slightly after rising this week.
From the perspective of the stocks with the highest interest in insurance capital, different insurance institutions have different preferences for listed companies. For example, Ping An pension prefers construction products, aerospace and national defense, chemical fertilizer and agrochemical industries, and Guoshou pension is keen on communication equipment, Internet software and services, industrial machinery and other fields, The four listed companies surveyed by Soochow life insurance are all from the western medicine and traditional Chinese medicine industries.
focus on the high boom growth track
“Some industries boom outside the high speed track has been showing signs of improvement. For example, the infrastructure and real estate chain that benefited from the steady growth expectations, Baijiu, food and other consumer goods that benefit from the price increase, and even the partial theme concept investment represented by the yuan universe also began to show signs of industrialization trend, which accelerated the handover of the main line of the market.” An insurance asset management institution believes that.
Looking forward to the future, Citic Securities Company Limited(600030) said that at the beginning of the year, the institutions significantly adjusted their positions, accelerated the “high cut low”, and the High-level Track collapsed and reappeared. Stable growth is the main line for the first quarter at least, and the market consensus on low-level blue chips will be strengthened. Therefore, 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. The first quarter is still the best participation window for the blue chip market of the whole year. It is suggested to continue the firm layout around the “three lows”. First, the varieties whose fundamentals are still expected to be low, second, the varieties whose valuations are still relatively low, and third, the high boom varieties whose stock prices are relatively low after adjustment.
Guoshou assets said that the high boom growth track and the dilemma reversal plate are two important allocation main lines. First, the medium and long-term market main line is still dominated by the high boom growth plate. It is suggested to stick to the allocation opportunities for scientific and technological growth such as new energy, scenery storage and military industry; The second is to look for mass consumption and large financial sectors with low prosperity, undervalued and improved profitability, and pay attention to the repair opportunities of undervalued value such as securities companies and real estate industry chain in the short term.
