Category: Money tips Release Date: 2006-07-25
Author: Wu Han
National Day holiday approaching, the market does not appear festivals plot, the performance of relatively moderate. Hu Zhi close to pre-high, five weeks line has not even pull-yang, MA system, both lines were tested on-line or a week long arrangement. In the context of trends in individual stocks to a good opportunity after another, but the divide are inevitable. Three main lines from the hot grasp the market.
The concept of yuan revaluation
Recently, the central bank governor Zhou Xiaochuan said that the market forces in the RMB exchange rate formation mechanism will play a greater role in adjustment of the RMB exchange rate floating range "is only a matter of time." This led to a large extent, the market exchange rate floating range of the short term is expected to expand the imagination, and to promote the yuan continued to rise. Since the exchange reform since the cumulative appreciation of the RMB rate has reached 2.316 percent.
RMB appreciation is undoubtedly the greatest benefit from the financial and property stocks. From the China Merchants Bank and China Vanke unilateral upward trend analysis of the main body aiming at lofty, short-term there may be a wavelet adjustment, but long-term trends remain perfect in the continued appreciation of the yuan constantly high. The banking stocks were the focus of concern should be the middle species, banking stocks continued appreciation of the yuan's strength apart from the broader context, there are two key factors: First, apart from China outside the bank's equity shares of other banks are relatively smaller, easily lead to foreign mergers and acquisitions, while China Merchants Bank issued H shareholders Seng Bank are aimed at strengthening the non-public offering of its own strength, enhance the company's value. Second, ICBC's A + H 2 available simultaneously, making A shares began to H shares or closer to the international-oriented, relatively speaking, the domestic price ratio of bank shares in the Hong Kong market is lower, there have been compensatory growth trend. So why shares of domestic banks to be low? A very important reason is that the split share structure, but with the end of the tradable share reform era, A + H will be a benchmark system, bank stocks has become the standard test those. Moreover, in addition to financial and real estate, other benefits such as the aviation section and so there are some opportunities for commercial ports.
Share the opportunity to change the last train flash
With the first list of 50 approved the publication of share reform the current Shanghai and Shenzhen stock to complete share reform and the reform process into the company a total of 1158, more than Jiucheng companies have completed or are stock reform, not the reformed companies have become the market's "rare" species. The same time, China Securities Regulatory Commission Chairman Shang Fulin said the split share structure reform of listed companies, securities companies such as the comprehensive management of a number of reform measures have already made remarkable achievements in China's capital market has entered a new period of development. The current stock was changed to the final stage.
The last train of the opportunity to share reform is manifested in two aspects: First, ST shares back from the dead Quotes. Second, the remaining non-G stocks arbitrage Quotes. ST shares of the stock reform and historical context of the most rare and final golden age of hype, and some ST shares of stock through the green channel change, there is often a major restructuring share reform program, and so will produce a great impact, and individual stocks valuation system, because of major restructuring will be substantially changed, its stock price movements of natural active exceptions, shares of the money-making effects of reform is also more optimistic. From the recent resumption of the GST stocks such as 12 of the GST Tae, 20, GST river and 21 of the GST smoke-fa jumped, directly led to the reform did not share the treasure hunt ST shares. ST shares of the stock market is estimated that will continue, but should also pay attention not to hand in the fire to burn the. Of course, the non-G stocks arbitrage Quotes more worthwhile. Stock reform of the system brought about a significant premium themes, no stock reform of the shareholders of the company's outstanding shares of course willing to participate actively. If there are assets reorganization, or major shareholders through stock reform, and the overall listing of the assets into the funds will be favored, and the remaining outstanding shares of the company in fact does not change is hard row unit head, to see how they change in the stock car performed Moban . If the stock can not change the last train to board, waiting for them will be more severe punishment or restraint, therefore, the market arbitrage opportunity to breed for us.
The new blue-chip bargain-hunting middle line of thought
Near the Bank of China, Qin Empire and Air China are listed, a new blue-chip group is taking shape. For the blue chips, but also should adhere to the main center line bargain hunting. The good news about blue-chip also stimulated the elephant dance frequently. Step by step in the valuation a reasonable circumstances, structural changes within the market is conducive to the spontaneous flow of funds to those high-quality large-cap blue chips, margin trading and the introduction of stock index futures led blue-chip has become an important resource allocation, with the funds and forces of QFII funds In the markedly enhanced, as at the end of July, 54 fund companies manage 247 securities investment funds, fund size reached 53.3 billion U.S. dollars, insurance funds and pension funds are also a substantial increase in the scale of investment, corporate annuity market was accelerated. Currently held by institutional investors, the market value of A shares in circulation for more than 30%. 45 institution to obtain QFII qualification, approval to invest 7.45 billion U.S. dollars amount. And high-quality large cap blue chips is still the preferred orientation of these institutional investors. Recent strong blue-chip phase Shanghai Shenzhen weak evident to all, the reason is the Shanghai stock market in order to tape-based blue-chip, stocks in Shenzhen in order to mainly small and medium plates. As more and more of the stock market is only a preview, with the funds from the old stock to a growing number of new blue-chip transfer of large blue-chip time will come sooner or later, so you can take an active interest midline.
