In the second quarter, insurance institutions started the intensive research mode. According to the survey data of insurance companies, there were 114 A-shares listed as of May 1969, an increase of 95 times compared with the same period last year. Among them, Guoshou pension research ranked first, reaching 142 times. In terms of individual stocks, Zhejiang Weixing Industrial Development Co.Ltd(002003) , Shenzhen Minde Electronics Technology Ltd(300656) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) and other listed companies have attracted the attention of many insurance institutions, and semiconductor products, electronic components, industrial machinery and other sectors have become the focus of insurance capital research.
survey frequency increased significantly
Since April, insurance institutions have been conducting research in the secondary market. As of May 17, a total of 114 insurance institutions had participated in the survey 1969 times, a significant increase from 1012 times in the same period last year. Among them, Guoshou pension research times ranked first, reaching 142 times; Changjiang pension and Guohua life insurance followed, with 126 surveys; The number of Ping An pension research is 113. In addition, China Post life, Taiping pension and Hengqin life have also continued to make efforts since the second quarter, with more than 50 investigations.
Compared with the same period last year, the data show that from April 1, 2021 to May 17, 2021, only three insurance institutions, Guoshou pension, Changjiang pension and Ping An pension, have conducted more than 50 investigations.
With regard to the significant increase in the research frequency of insurance institutions, industry analysts said that as an important institutional fund, every move of insurance funds often plays a role as a market weathervane. In addition, the asset allocation demand of insurance institutions is large, increasing the research frequency is conducive to balancing and managing investment risks.
From the perspective of the industries surveyed by insurance capital, semiconductor products, electronic components, industrial machinery, electronic equipment and instruments, clothing and luxury goods, regional banks, biotechnology, application software and other industries have attracted much attention. Among them, insurance funds pay more attention to the semiconductor product sector, and the number of investigations accounts for 7.4% of the total number of investigations.
From the phased research ideas of individual insurance institutions, their preferences for listed companies are slightly different. For example, China UK life prefers bank stocks, and the three companies with high attention are Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) , Bank Of Suzhou Co.Ltd(002966) . Guoshou pension, which has been investigated the most times, is currently paying more attention to the clothing, clothing and luxury industries, Zhejiang Weixing Industrial Development Co.Ltd(002003) , Chow Tai Seng Jewellery Company Limited(002867) and so on.
epidemic related impacts become the focus of investigation
According to statistics, the companies with high attention of insurance institutions mainly include Zhejiang Weixing Industrial Development Co.Ltd(002003) , Shenzhen Minde Electronics Technology Ltd(300656) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Bank Of Ningbo Co.Ltd(002142) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Gigadevice Semiconductor (Beijing) Inc(603986) , Goertek Inc(002241) , etc.
Judging from the number of investigations on the insured capital of a single company, Zhejiang Weixing Industrial Development Co.Ltd(002003) has become the “favorite” of insurance institutions. During the investigation, insurance institutions mainly focus on the impact of the rise of raw materials on the company’s performance Zhejiang Weixing Industrial Development Co.Ltd(002003) said that the pricing mode of the company is cost plus. When the price fluctuation of raw materials forms a trend phenomenon, the price will be adjusted accordingly. The company believes that maintaining a reasonable level of gross profit margin is sustainable.
In addition, the impact of the epidemic on the company’s operating performance is also the focus of insurance capital research. It is understood that affected by the epidemic and many other factors, downstream customers have been cautious in placing orders recently, and Chinese brands have been under obvious pressure in the short term. In this regard, Zhejiang Weixing Industrial Development Co.Ltd(002003) responded in the survey that it would continue to pay attention to the follow-up changes and take a variety of measures to improve.
According to the data, Unigroup Guoxin Microelectronics Co.Ltd(002049) 4 has been investigated by 24 insurance and insurance asset management institutions. In a recent survey, the organization was more concerned about the company’s planned revenue and profit in 2022 Unigroup Guoxin Microelectronics Co.Ltd(002049) said that the company’s intelligent security chips and special integrated circuit products are still in short supply, and the revenue and profit are expected to continue to maintain a high-speed growth trend. In addition, the company said that the recent epidemic had no direct impact on the company, but due to the impact of the epidemic on the logistics in the Yangtze River Delta, it would cause some obstacles to the company’s shipment progress.
Looking forward to the future, venture capitalists pointed out that the resilience of A-Shares has been significantly enhanced recently, and the impact of the tightening expectation of the Federal Reserve on the market is also diminishing marginally. It is expected that the market will open a medium-term repair market that will last for several months. The stable growth areas with undervalued value still have certain allocation value, such as infrastructure, real estate, banking, etc. Investors need to continue to track macro factors such as inflation changes and monetary policy in overseas economies.
