Undervalued sectors are still favored, and high overvalued stocks are still repeated
Market Overview: in early trading on Thursday, the three major indexes of Shanghai and Shenzhen opened slightly higher, but after the opening, they fluctuated lower, and the record index rose once after the decline rapidly expanded to 1%. On the disk, the concept of prefabricated dishes and covid-19 detection continued to rise sharply, the banking stock sector strengthened and the traditional Chinese medicine stock weakened. Afternoon, the index continued to weaken, the Shanghai index expanded to 1%, the disk, weakened Baijiu stock market. Throughout the day, in the industry, shipbuilding, tourism and hotels, precious metals, commercial department stores, coal, automobile, banking, Internet and other sectors led the increase, while traditional Chinese medicine, wind power equipment, chemical fertilizer, energy metals, wine making, photovoltaic equipment, games, decoration building materials, glass fiber, aerospace and chemical products led the decline; In terms of subject shares, prefabricated food, digital money, community group purchase, aquaculture, digital twins and other themes were among the top stock market shares. The number of theme stocks such as virtual power plants, Saline Lake lithium extraction, cultivation of diamonds, electronic cigarettes, influenza, Baijiu, assisted reproduction and biological vaccines fell. On the whole, stocks in the two cities rose less and fell more. Market sentiment was cautious again, and the profit-making effect was very poor. The turnover of the two cities was 1093.5 billion yuan, exceeding trillion yuan for 10 consecutive days. As of the closing, the Shanghai Composite Index closed at 3555.26 points, down 42.17 points, or 1.17%, with a total turnover of 457.005 billion; The Shenzhen composite index reported 14138.34 points, down 282.86 points, or 1.96%, with a total turnover of 636.53 billion; The gem index reported 3083.14 points, down 53.55 points, or 1.71%, with a total turnover of 248.166 billion. The Kechuang 50 index reported 1294.65 points, down 21.70 points, or 1.65%, with a total turnover of 51.539 billion.
Disk comments: first, the concept of prefabricated dishes has sprung up recently. Prefabricated dishes are convenient dishes that can be eaten directly by using modern standardized flow operations to make preliminary preparations for the raw materials, simplify the production steps, pass through hygienic and scientific packaging, and then heat or steam fry. Recently, the concept of prefabricated dishes has soared continuously, mainly for the following two reasons: first, under the influence of the epidemic, prefabricated dishes are simple and convenient, and are welcomed by everyone. Second, the lazy house economy promotes the development of the prefabricated vegetable industry. Prefabricated dishes simplify the cumbersome process of buying, washing, cutting and cooking, integrate quality, nutrition and taste, and cater to the lifestyle of young consumer groups under the fast-paced life. Second, tourist hotels continued to rise sharply. Since the beginning of 2022, we have also been reminded that the “epidemic damaged” industry in the early stage is expected to usher in the opportunity of dilemma reversal. Although covid-19 strain has been mutating, its impact on the market is becoming weaker and weaker. With the continuous increase of vaccination and the listing of specific drugs, the “epidemic damaged” industry in the early stage is expected to usher in the repair market. It is optimistic about the dilemma reversal opportunities of “epidemic damaged” industries such as civil aviation, airport, tourism, hotel, catering and film. The specific rhythm depends on the evolution of the epidemic. Due to the more serious damage caused by the overseas epidemic, the civil aviation airport sector most related to the recovery of the overseas epidemic has the greatest elasticity. In addition, since the epidemic in 2020, the film industry has accelerated the reshuffle of the industry, and we can pay appropriate attention to the medium and long-term layout value of the bottom area of the leading stocks in the film industry. Third, the concept of the Winter Olympics has soared. The official opening time of the Beijing Winter Olympic Games is getting closer and closer. Stimulated by this positive, the concept stocks of the Winter Olympic Games rose on Thursday. Although driven by the Winter Olympics, it is conducive to the sales of listed products such as ski industry chain and sports equipment, which will give a positive boost to the performance of relevant listed companies. However, we believe that the sharp rise of concept stocks in the Winter Olympics is more concept speculation, and investors pay attention to the rhythm. Fourth, bank stocks rose. Since the beginning of 2022, we have often reminded that the make-up of low-end stocks and the valuation repair expectation of undervalued targets are relatively strong as a whole. The morning post on Monday and Wednesday also specially reminded the investment opportunities of bank stocks. From the market performance, although the three major indexes of Shanghai and Shenzhen have performed poorly recently, the undervalued banks have strengthened against the trend. The valuation of bancassurance is low, and there are opportunities for valuation repair. In addition, the medium and long-term funds in the industry with undervalued and high dividend yield are attractive, and steady investors can still pay attention to it in the future. Fifth, there was a sharp correction in the traditional Chinese medicine sector. Since the middle of December last year, the Chinese medicine sector has risen sharply, which is also in line with our research and judgment. However, Wednesday morning post also reminded us that the recent rise of traditional Chinese medicine is too rapid, so investors should pay attention to the rhythm, sell high and absorb low. On Thursday, the Chinese medicine sector made a significant adjustment, which is also expected.
