In April, when the index lost 3000 points and recovered, the panic decline caught people off guard. The monthly gold stock return of securities companies in April also reached the moment of short-term verification. At the same time, some securities companies took the lead in releasing gold stocks in May.
The 359 gold stocks favored by 49 brokerage research institutes in April rose or fell by an average of 10.18%. Over the same period, the Shanghai stock index fell 6.31%, the gem index fell 12.80%, and the Shanghai and Shenzhen 300 index fell 4.89%.
Under the influence of the general decline in April, although the overall performance was poor, a few gold stocks of securities companies still achieved good returns.
12 stocks were recommended by at least 6 securities companies at the same time, and some gold stocks fell by more than 30% in the current month
Among the 359 gold stocks included in the statistics in April, 9 securities companies recommended Kweichow Moutai Co.Ltd(600519) ; Eight securities companies also recommended China Vanke Co.Ltd(000002) ; Seven securities companies also recommended Chongqing Zhifei Biological Products Co.Ltd(300122) ; At the same time, six brokers recommend that ‘ Longi Green Energy Technology Co.Ltd(601012) 35.
The financial Associated Press reporter noted that 12 stocks recommended by at least 6 securities companies were taken as the stock selection target. Among them, Kweichow Moutai Co.Ltd(600519) led the rise with 6.36%, followed by Ja Solar Technology Co.Ltd(002459) with 3.5%, and Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , China Vanke Co.Ltd(000002) , Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) became the “minority” with positive returns with 1.71%, 1.20% and 0.91% respectively.
\ led the decline in the above gold stocks.
In terms of the ranking of the rise and fall of gold stocks of securities companies, the highest income in April was Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) , recommended by Minsheng securities, with a monthly income of 38.14%; Followed by Joyvio Food Co.Ltd(300268) , recommended by East Asia Qianhai securities, with a monthly income of 38.09%; The income of Hangzhou Binjiang Real Estate Group Co.Ltd(002244) recommended by Guosheng securities and Southwest Securities Co.Ltd(600369) was 20.12%, ranking third.
In the ranking of decline list, Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) recommended by many securities companies also fell by 50.24%, Sungrow Power Supply Co.Ltd(300274) fell by 41.08%, and Apeloa Pharmaceutical Co.Ltd(000739) fell by 39.99%.
Looking back on the gold stocks recommended by securities companies in April, from the perspective of covering industries, the most favored industries by securities analysts are power equipment industry, pharmaceutical and biological industry, food and beverage industry, electronics industry, agriculture, forestry, animal husbandry and fishery industry. Among them, the power equipment industry has been sought after by securities companies for three consecutive months, while steel, commerce, social services, beauty, environmental protection and other industries became the popular choice in April.
4 month: the yield of gold stocks of securities companies was dismal, and the investment portfolio generally suffered losses during the year
Generally speaking, the gold stock portfolio of securities companies can directly reflect the strength of securities companies’ research ability. In the face of the ups and downs of the market, it is an extreme test of securities companies’ research strength.
According to app data of each city, the yield of gold stocks of securities companies was dismal in April this year, with an average decline of 10.18% for 359 gold stocks in the whole market. The average increase of the top 50 gold stocks was + 10.57%; Among them, 21 increased by more than 10%, accounting for 5.85%. A total of 80 gold stocks recorded positive returns, accounting for 22.28%.
From the perspective of portfolio income of securities companies’ gold stocks, Shenwan Hongyuan Group Co.Ltd(000166) , Haitong Securities Company Limited(600837) , East Asia Qianhai securities, Guosheng securities, Shanxi Securities Co.Ltd(002500) , Galaxy Securities, Guotai Junan Securities Co.Ltd(601211) securities, Boc International (China) Co.Ltd(601696) , Huatai Securities Co.Ltd(601688) , Dongxing Securities Corporation Limited(601198) gold stock portfolio income ranked among the top 10 respectively. Among them, compared with the CSI 300 index (up or down – 4.89% over the same period), the Shenwan Hongyuan Group Co.Ltd(000166) excess return reached 9.71%, the Haitong Securities Company Limited(600837) excess return was 5.99%, and the excess return of East Asia Qianhai securities was 5.20%. Although the excess return of the portfolio of other securities companies was positive, they essentially closed at a loss due to the poor performance of the CSI 300 index in April.
Combined with the overall situation in the first quarter, the financial Associated Press reporter found that due to the influence of the market situation, the gold stock portfolio of securities companies has generally performed poorly this year, and so far they have all had negative returns. Taking the Shenwan Hongyuan Group Co.Ltd(000166) portfolio with the best performance as an example, the rise and fall range this year is – 11.77%, while the return of Shanghai Securities Portfolio with the worst performance is – 33.94%.
securities companies freshly released gold stocks in May, and Kweichow Moutai Co.Ltd(600519) and others continue to be popular
The financial Associated Press reporter sorted out that at present, some securities companies have taken the lead in launching the gold stock recommendation in May. Among them, Wuxi Apptec Co.Ltd(603259) , Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) , Kweichow Moutai Co.Ltd(600519) , Muyuan Foods Co.Ltd(002714) , China Tourism Group Duty Free Corporation Limited(601888) and other gold stocks favored by securities companies in may have appeared in the recommendation list of gold stocks of securities companies in April, and they are still promising in May.
From the industry covered by gold stocks, the sectors favored by securities analysts in May were new infrastructure engineering, finance, real estate building decoration, building materials, transportation, household appliances, real estate, beauty care, steel, business retail, social services, agriculture, forestry, animal husbandry and fishery, etc.
institutional view: the short-term market is still weak, and the bottoming process will be repeated, which is also an opportunity for layout
Since the beginning of this year, affected by the geopolitical events in Russia and Ukraine, the Federal Reserve accelerating the recovery of market liquidity, the repeated disturbance of the Chinese epidemic and other internal and external factors, the three major indexes have fluctuated and declined unilaterally, and the Shanghai index once fell below 2900 points. However, near the end of the month, the Political Bureau released positive policy signals, the three major indexes hit the bottom and rebounded, and the Shanghai index recovered 3000 points again. The recent market is like a roller coaster, and the trend of the index has stabilized near the pre Festival. However, from the perspective of the whole month, it still shows a sharp correction trend, and the overall situation is still relatively depressed, among which the correction range of gem is the largest.
Shenwan Hongyuan Group Co.Ltd(000166) and Kaiyuan securities both proposed that the market had the opportunity to rebound in May, but it was difficult to determine the bottom of the market before the real reversal. On the whole, the weak market will remain. The policy will remain loose, and the steady growth policy is expected to be launched continuously. In terms of allocation ideas, three directions are preferred: growth attribute cycle, post epidemic cycle and mandatory consumption. Verifying the growth direction of high prosperity in the first quarterly report is also worthy of attention after full correction.
Ping An Securities believes that the market sentiment has improved, but the end of the economy has not yet been confirmed. It is expected to consolidate in May. Catalyzed by the marginal improvement of the recent epidemic situation and the implementation of supporting policies, the market ushered in an oversold rebound in a few trading days at the end of the month, but the economic and epidemic situation is not clear, more substantive policies need to be implemented, and it still takes some time for the market to consolidate the bottom.
Haitong’s strategy is optimistic. This year’s fundamentals and policies are similar to those of 12 years. Steady growth has driven the economy to stabilize, and the shape of the stock market is similar to that of 16 years. After hitting the pit at the beginning of the year, it has gradually filled the pit. Looking back on the historical market, there will still be a complex process from the bottom of policy to the bottom of performance, and the market will continue to repeat in the process of bottom exploration. However, if we focus on the long term, the bottom exploration process will also be an appropriate layout opportunity.
