Since the second quarter, insurance capital has entered the intensive research mode.
Data show that since April, 114 insurance institutions have conducted a total of 1969 surveys, an increase of 95% over the same period last year. Among them, the total number of Guoshou pension research ranked first, reaching 142 times 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 the research focus of venture capital in semiconductor products, electronic components, industrial machinery and other sectors.
Many institutions believe that the current A-share market policy, valuation, capital and other indicators show some bottom characteristics, and already have the value of the middle line. It is suggested that bargain hunting should be arranged in the direction of post epidemic recovery, steady growth and high prosperity science and technology innovation board, focusing on military industry, infrastructure, real estate, automobile, food, coal, building materials, etc.
survey times far exceeded that of the same period last year
Data show that since April, as of May 17, 114 insurance institutions have participated in the survey for a total of 1969 times, a significant increase from 1012 times in the same period last year. Among them, the total number of Guoshou pension research ranked first, reaching 142; Changjiang pension and Guohua life insurance followed, with 126 surveys; Ping An pension has also been investigated for more than 100 times, reaching 113 times.
In addition, China Post life, Taiping pension and Hengqin life have conducted more than 50 surveys. Data show that in the same period last year, only Guoshou pension, Changjiang pension and Ping An pension conducted more than 50 surveys, and none of them conducted more than 100 surveys.
Industry insiders said that insurance capital plays an important role in stabilizing the market. Coupled with the large scale of asset allocation demand, increasing the frequency of research is conducive to balancing and managing investment risks.
these industries and stocks are “Favorites”
From the perspective of the industries surveyed by insurance funds, semiconductor products, electronic components, industrial machinery, electronic equipment and instruments, clothing and luxury goods, regional banks, biotechnology, application software and other industries have attracted the attention of insurance funds. Among them, the semiconductor products sector has the most risk capital research, accounting for 7.4% of the total number of risk capital research.
In terms of individual stocks, the stocks with high interest in insurance capital 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) , Yusys Technologies Co.Ltd(300674) , Gigadevice Semiconductor (Beijing) Inc(603986) , Goertek Inc(002241) , etc.
From the research ideas of individual insurance funds, the preferences of different insurance companies are slightly different. For example, China UK life prefers bank stocks, and the three companies with the highest 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 frequently, is now 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.
Specifically, Zhejiang Weixing Industrial Development Co.Ltd(002003) has become a new “pet” of insurance capital research. In the survey, insurance institutions mainly focus on the impact of the rise in raw materials on the company’s performance. The company said that its pricing model is cost plus. When the price fluctuation of raw materials forms a trend phenomenon, it will adjust the price accordingly, and it is sustainable to maintain a reasonable level of gross profit margin.
In addition, the impact of the epidemic on Zhejiang Weixing Industrial Development Co.Ltd(002003) is also a concern of insurance funds. It is understood that affected by many factors such as the epidemic, downstream brand customers have been cautious in placing orders recently, and Chinese clothing brands have been under obvious pressure in the short term. In this regard, the company responded in the survey that it will continue to pay attention to the follow-up changes and take a variety of measures to improve.
market has midline value
Looking forward to the future, China International Capital Corporation Limited(601995) said that from the current situation, the main contradiction about the A-share market is still internal. At present, the policy, valuation, capital, behavior and other indicators of the A-share market are partial to the bottom, and the market has a midline value.
In terms of strategy, Guotai Junan Securities Co.Ltd(601211) Securities pointed out that there is still room for periodic long and technical rebound. Therefore, we can do long in stages, but we should not catch up. Specifically, first of all, the extremely low valuation level further reduces the momentum of valuation, which means that the selling pressure is reduced. Secondly, the expected marginal improvement of supply chain correction. Thirdly, the results of the first quarter report have been disclosed, and the performance expectation of the second quarter has been at a very low level, so the fundamentals are relatively negative in a vacuum period. Generally speaking, it takes less time and more resistance to bottoming than the short stage of a shares.
In terms of configuration, China Securities Co.Ltd(601066) securities suggested that bargain hunting lay out the direction of post epidemic recovery, steady growth and high prosperity science and innovation board, focusing on military industry, infrastructure, real estate, automobile, food, coal, building materials, etc.
