Category: Money tips Release Date: 2007-04-13
â—?new from the old: The Evolution of the valuation system
New from the old A-share market is to avoid the marginalization of the necessary conditions for valuation and current market valuation of shares in the short term is a system of mutual checks and balances. The valuation of tradable shares should be higher than G Unit, but the valuation of shares will not be quickly transmitted to the G unit in turn affects the valuation of the entire market system. Large capitalization stocks issued to the plate the most significant role of structural adjustment.
â—?focus on offensive and defensive options
Maturity revaluation has begun the process of two kinds of tendencies, which focused on offensive and defensive selectivity. These two seemingly contradictory strategies in the market are not mutually exclusive, their thoughts, the kernel is the core competitiveness of high-quality companies should be given a higher valuation.
â—?focus on offense: the speculative nature of the industry
Quotes in the market for the current round of strong mining sector, investment will highlight the advantages of the core competitiveness of the company to focus, simple resource stability and sustainability of the species should be questioned; and integrated manufacturing equipment and chemicals, such as new materials will be produces medium-sized companies in China the focus area is to focus on attacking the main battlefield; services for portfolio allocation, rather than focus on offense.
â—?defensive way of thinking is not a boom investment, but changes in the static valuation
In the adjustment process, the defense strategy of choice in the short term, this defense is defensive in nature is not a boom industry recognition, but the company's stability and transparency of a chase, the defense is a choice of defense, its essence is Static valuation changes, rather than on the theory of industrial wheeled investment in defensive sectors. What we liked about the long-term perspective of food and beverages under the high-speed airport, medicine, utilities, cable television and electronic media revaluation.
Quality as the company's Policy-based thinking industry chooses to thinking Our choice this month, the industry will be based on two kinds of thinking, for we have conducted in-depth pre-excavation of key industries such as machinery, chemicals, telecommunications, tourism, real estate, non-ferrous metals, we think we should change to focus on attacking in such a change the process, select the importance of the core of the company, of course, the core of the company's selection is constantly changing, we are here to grasp the company's core competitiveness can only be based on our current understanding.
On the other hand, we are also strengthening our choice of defensive thinking, here apart from continuing to recommend that we recommended last month, fast moving consumer goods industry, we bring high-speed airport, medicine, utilities, cable television and electronic media are also included in Selected Defense variety of areas.
Machinery and equipment: Focus on the industry leading companies and M &
A opportunities Investment Highlights: 1, the revitalization of machinery and equipment manufacturing industry is the industrial development of China's strategic industries, we believe that we should focus on China's major technology and equipment development of the industry, this is partly because of China's major technology and equipment to be generally adequate to meet the domestic economy and other areas development needs, on the other hand the technical aspects of a major technological breakthrough innovations can also increase our national defense industry, the level of equipment at the same time promote the vigorous development of supporting industries.
2, since the country level to develop machinery and equipment industry, the requirements of the whole machinery industry in 2005 the macro-data show that trade growth is accelerating, we believe that the industry does not mean that all companies can benefit in the next period of time, resources will be part of the industry leading companies and companies with technological breakthroughs and innovative
tilt, therefore, we recommend that concerned about two types of listed companies, such as. Shanghai Zhenhua Port Machinery, Hudong Heavy, Anhui Heli, Shenyang Machine Tool, space science and technology, Xiangyang bearing, rocket stocks, Jiang drilling stake. 3,
with the international and domestic leading enterprises to accelerate the process of rapid expansion, mergers and acquisitions within the industry will also be a market for some time the focus of attention, such as the ST Juli, ST Qingqi, ST meters. Investment in the petrochemical industry, a total of 5
points 1 [2] [3] [4] [5]
