Category: Money tips Release Date: 2007-06-17
In 2005 China's economy in various fields has undergone major reforms, China's future sustainable development laid a solid foundation in 2005, rated as a major turning point for China's year. Meanwhile, China's securities market in the split share structure reform, has experienced up to five years of adjustment of A-share market has finally emerged in all the major long-awaited turning point.
From our Orient Securities in December 16, 2005 officially launched the 2006 Equity Investment Report, "and the turnaround time of transition between the" Start, A-share market as a whole has risen 15.22 percent, some of which even strong stocks rose more than 100 %. The performance of various sectors from the point of view, non-ferrous metals, mining industry, food and beverage, financial services industry, the rate of increase were 22.2%, 16.9%, 13.4%, 12.0%, while the sharpest decline of only 11.9% of the information equipment industry, other industries the decrease in only the single digits.
Stocks rise, we think mainly in the following four factors: Split share structure reform Tradable shares problem solving, so that stock prices and market value of the different types of shareholders, expected to be the foundation of common interests, the interests of major shareholders and the general circulation of shares of the gradual convergence of the interests of the shareholders, an increase of the company and the overall market value of investments; share - Reform the majority of listed companies to conduct equity-based incentives for managers who have the intrinsic motivation and realistic operational; and finally after the split share structure reform will allow full circulation market-oriented mergers and acquisitions will be more active. Meanwhile, ZTE December 29, 2005 when the resumption of direct Tianquan, in order to share the unfolding reform Quotes lit a fire.
H-share markets Bijiaxiaoying As China's stock market, the growing integration with the international market, the Hong Kong H-share market's influence on the domestic market is also growing. H share index early in December 2005 of 5200 point to the February 15, 2006 to 6360 points accumulated during the period rose 22 percent, to A-share market has a strong pull phenomenon. Meanwhile, the China Construction Bank listed since early November 2005 has risen nearly 50 percent, triggering a banking stocks, "a salesman who cheapens theory", which is the domestic A-share market downturn caused by the long-term adverse effects, giving rise to the parties to the A shares underestimate the market value of the overall reflection.
Non-ferrous metals industry, rapidly rising With the global economy, strong growth, tightening the supply of the main non-ferrous metals, global stocks fell to historically low levels, gold, copper, zinc, aluminum and other major colored varieties of the price hit a record high, thereby facilitating the rate of increase in the non-ferrous metals industry 22.2%, leading companies such as Chihong Zinc and Germanium rises more than 100%, in order to bring to market a great money-making effect.
Cyclical recovery in the industry The latest economic data show that China's economic growth significantly better than pre-judgment of the market, at present the overall industrial growth in corporate profits is still relatively good, in 2005 the first 11 months, profits of industrial enterprises up 20.1%, but remained at a high level; very strong credit expansion, in January 2006 compared with growth of 565.8 billion yuan of credit ring, an increase of 284.9 billion yuan year on year; foreign trade growth remains strong, China's exports in January increased 28.1%, an increase of a substantial increase in December last year nearly 10 percentage points ; the same time, the rapid advance of China's new rural movements, greatly ensure that our high growth rate of investment. For a more optimistic macroeconomic judgments, we are optimistic about 2006, part of strategy report, cyclical industries, the current round of cyclical decline in the company's profit to a lesser extent, far from being as bad historical levels, our research projections indicate that in 2005 indeed the majority of the profitability of cyclical low, but because of capacity expansion and other reasons, the majority of the company's profitability since 2006 will resume its rally. Recently, the market of cement, iron and steel industry is the continuing rise in the stock demonstrates our view of the market. Meanwhile, the cyclical industry stocks rose on the market, has a very important role, is to weaken the market decline in power, dispel the fear of the market.
Expectation of a total of 2 1 [2]
Hot Articles Latest Articles Nuggets Recommended! The potential for large shares of the most valuable meta (attached list)
* Daily report on the daily combat combat Nuggets Nuggets Nuggets report of the daily combat report of the SME board thematic analysis of the daily report of actual Nuggets
* Ping An Securities: Activate the market! Continue to subject a seven kinds of mergers and acquisitions worth noting the basic strategy of rational trading in February 2006 Monthly Investment Strategy Report of the seventh day of actual combat part of the strategic turning point in the year of the Nuggets report on the operation of the stock market strategy thematic analysis of the SME board
