Category: Money tips Release Date: 2007-03-18
Thailand has issued a letter the fund management companies in 2006 strategy report that the market in 2006 will be an important turning point of the year, "solidify the basis of long-term bull market," will run through the market as a whole.
The market will be more active
In 2006 the market will provide more new investment themes and hot, the market will be more active trading. In terms of long-term point of view, 2006 will provide the best long-term strategic Jiancang time.
The report holds that the stock market in 2006 to actively support the policy will reinforce the market bottom, stock system reform supporting the building of the direction of short-term market will become an important system variables, stock market fluctuations in supply and demand of funds will enable the market in 2006 was wide shocks. 2006 is also the institutional change and economic restructuring, the Thai Trust, insisted that the institutional changes in market opportunities. Full Circulation will be to help the structural differentiation of actuators, systemic change will accelerate the return of the market value of the future.
Thai Trust, said that adhere to policy-oriented macro-economy and macro-dominant logic of the market's overall direction. Is expected to slow in 2006 the macroeconomic slowdown will not impact on the formation of new markets, but the micro-economic slowdown, corporate profits continued downward trend in the level of the overall market will not support out of the bull market, the overall market will bottom in performance between the top and policies for balance.
Institutional change and opportunities
Institutional change to the original isolation of the market of non-tradable shareholders to become an A-share market should not be overlooked an important participant. The latest foreign strategic investors can enter the A-share market approach, not only will enable foreign investors to expand the camp of super-normal, the most important thing is the expected appreciation of the renminbi, foreign acquisition of a new breed profit model will attract more field and foreign funds into the market. Therefore, as market development and the advancement of share reform, diversified pattern of institutional investors in 2006, gradually taking shape.
Face to achieve dynamic balance of funds
Dynamic equilibrium will be reached this year's funding. Money-oriented to market trends is to determine an important factor, the Thai Trust, believes that strong in terms of policy intervention, the expansion of the impact and incremental funding is expected to largely offset the market effects. The theme of diversification of market investment market investment opportunities will be spawned multi-polarization, and market a multi-polar flexible profit model to make the market the supply of funds into rigid capital supply. Therefore, we expect that institutional change will gradually change the secondary market transactions in 2006 chips with the transaction the relationship between the dynamic balance of funds in 2006, the supply of capital in the market rigidity and flexibility of demand in a multi-polar model will be gradually shifted from profits for large in order to achieve a relatively dynamic balance.
Financing the supply side, in 2006 QFII, social security funds, corporate pension, insurance funds, bank funds and other institutional investors, the Department of market participation will gradually increase the value of investment and growth in investment profit model will be further deepened; And as warrants and other financial derivative products the introduction of tradable under the active mergers and acquisitions, and government restrictions on the activities of real estate speculation, brokerage, trust, private equity market participation will also be increasing, the market will gradually form a climate of speculation.
To grasp the direction of the strategic configuration
Configuration from the industry point of view, the Thai Trust, promising industries: food, beverage, agriculture, forestry, animal husbandry, fishery, medicine, special equipment, electrical equipment, electronic components, gas water, hotel tourism, railways, computer applications, communications equipment, the media industry; Industries: chemical fiber, building materials (cement, etc.), instrumentation industries; bearish industry: coal mining, clothing manufacturing, commercial and medical equipment, black metal smelting, road and bridge, water, air, network services, trust and trade.
The report also pointed out that from the economic transformation, the exchange rate reform, tax reform, stock reform game, new from the old and the new derivatives securities brought a lot of market investment themes, will be the strategic allocation in 2006 important direction.
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