Category: Money tips Release Date: 2007-06-24
Source: Guangzhou Bandung
Abstract: In the model of economic growth driven by investment and export-based to demand-pull changes, China's economy is completing a continuous process of industrial upgrading, which includes industrial upgrading, industrial integration of multiple factors, this column that this is bound to will affect the pattern of the stock market in 2007, one of the main factors.
This column that accompanied the completion of the revaluation in 2006 stock prices, and the prices continue to further establish the times and institutions, game, 2007, the market structure will be more complex, the market's investment philosophy will continue to evolve in 2007. The industrial structure adjustment and upgrade of yuan appreciation, after the share reform era of the concept of the majority shareholder will be promoting its market share to run the main line of network structure.
In this article, we will upgrade the industrial structure adjustment of this will affect the operation of the market in 2007 the main line of the pattern of a detailed analysis and study.
China's economy is currently facing the macro-economic environment is extremely complex pattern of economic growth driven by investment and export-based to demand-pull changes, is completing an on-going process of industrial upgrading, which includes industrial upgrading, industrial integration of multiple factors such as impact. These factors will affect the listed companies in the long-term trends, the part that this will also affect the pattern of the stock market in 2007, one of the main factors.
A consumer upgrades
The pattern of growth in the economy driven by investment-based to consumer-driven model transformation process, is bound to face a consumption continues to be the upgrade process, also is bound to promote the consumer to upgrade to benefit the continued growth plate.
Should be noted that consumption of a wide range of upgrades involved, it is difficult to have strict definitions and standards. Personal consumption-related industries and products could be included in "consumption upgrade" the scope, in general, food and beverage, retail, tourism, textiles and clothing, real estate, medicine, clothing, transportation and communications, household equipment and so on, are spending to upgrade plate range.
And because of consumption in 2006 to upgrade the main body section carried out a full excavation, means that the entire plate in 2007 relative reduction in the valuation upside. But consumption is not a one-time upgrade process, and will be a continuous phase in this process, the following two areas there are still many investment opportunities.
First, the next five years, automotive, education and tourism will become the focus of consumer spending. In addition to consumer services (financial, medical facilities, hotels and tourism) will usher in faster development, the production of services (financial, data, design, transportation and other production-related services) will also be quick start.
Overall, in the tourist hotels, education, medical facilities, design, transportation and other related sectors there are still many opportunities, especially to provide high-end consumer and services companies with more room for growth.
Second, in establishing a harmonic society, environment, rural consumption in the concept of class for the listed company may also be an opportunity in 2007 to provide periodic bubbling. At present a ready market for rural areas in variety and quantity of consumption also can not be met, and agriculture, consumer-related manufacturing industries faced a better market opportunities.
Second, industrial upgrading
Upgrading the industrial structure mainly refers to China's traditional labor-intensive industries will be capital-intensive, technology-intensive industry, transformation process. In this process, with technical superiority and innovative industries, energy-saving environment-friendly enterprise-class upgrades can be related to the industry as a whole to give markets the appropriate opportunities, such as electronic information, fine chemicals, beverages, complete sets of equipment, precision machine tools, ocean-going vessels and other products.
In accordance with China's current industrial policy, and actively develop new industries and high-tech industries is to vigorously develop the electronic information industry, biological engineering, new materials, new energy, aerospace and other high-tech branch surgery industry to truly become a driving economic growth and industrial escalation of a new growth point.
In agriculture, upgrading, it is actively promoting breeding, water-saving irrigation, standardized cultivation, pollution-free pesticides, new technologies such as thin-film cover. Vigorously develop animal husbandry and aquaculture, improve animal husbandry and aquaculture industry in the proportion of agriculture.
At the same time accelerate the development of tertiary industry. The development of tertiary industry, focusing on metals, insurance, legal, auditing, accounting, consulting and other services. Through education, industrialization, energetically develop various non-compulsory education. Positive development of tourism and community services. Should strive to be the tertiary sector has grown faster than gross domestic product growth rate. The key is developing the third industry policy opening up to encourage individual, private economic development.
This column believes that in general the opportunity to upgrade industrial structure, mainly in manufacturing industry to upgrade and innovative industries (electronic information, fine chemicals, machinery and equipment, etc.) and help to improve the efficiency of the agricultural industry, some sub-sectors. The electronic information, fine chemicals, bio-engineering, new materials, software outsourcing services, consulting and other industries with good growth prospects.
Third, the internal structure of industry consolidation also involves the opportunity to
At the same time, the part that the M & A in 2007 is still one of the major investment opportunities. Especially those in traditional industries due to overcapacity within the industry is bound to accelerate the restructuring and integration process. At this stage, will appear some enterprises have been constantly eliminated, the market and ever-increasing focus on the situation, but occupy a definite advantage in the industry leader, will be the adjustment process in the industry continue to increase market share and scale of operation, in the scale to improve performance on the basis of the level of growth, its stock price will also be steadily increased.
Therefore, the leading industries, in particular, possess a certain degree of technical and managerial advantages, through mergers and acquisitions to acquire other companies and develop and grow, occupy a leading position in a listed company should also be focused on.
