Category: Money tips Release Date: 2006-12-14
January 2007 exhibit an upward trend accelerated, market participants described the market in January was a record high, record the amount of the history of days, a record number of investors accounts, a record market value, a strong money-induced effects capital-driven market, but by the end of January of the crash shocked the market, how to face the market in February, the major brokerage research department come up with a strategy report that we have a comprehensive point of view, is basically cautious market outlook is expected to tend to, the operation strategy of orientation, conservative investment portfolio emphasizes defense.
Cautious market outlook is expected to bias Hai Tong Securities: ample liquidity in the market a further push the driving force; the other hand, the high valuation of the overall market, as well as management control is expected to lead to lack of investor confidence, short-term constraints do more enthusiasm. Overall, in February Quotes trend of the short term, the lack of motivation to do more, upward pressure on larger market trends likely to wide shocks to digest the policy aspect, as well as the valuation of negative pressure, amplitude of about 10% -15% at 2500 points -2,600 points should be strong support.
Shanghai Securities Guo Yanling: A-share market price-earnings ratio valuation is no longer significant appeal. Institutional investors began to appear in the incremental capital limited circumstances, A valuation of stocks as a whole further development of space power will decline, manifested in high-priced stocks to be relatively stable in operation. The Shanghai Composite Index hit a record high in February continued to decrease in power, 3000 point location is likely that Shanghai Composite high stage. In the position adjustment pressures mainly come from the financial side factors. Based on fundamentals relatively optimistic, in February A-share market will start a pattern of structural adjustment of the high shock.
Southwest Securities Gang: Entering 2007, since the tape was once a fairly long period of time maintained at 2620 points to 2870 points, repeated shocks between. Since mid-August 2006 until the end of 2006 continued to rise during the broader market has never been such a long time and substantial shock to adjust. From the morphological point of view, broader market had already been sustained by a simple unilateral upward adjustment to a complex wave. And early February of the high-density distribution, making purchase opportunity to improve, will attract a large inflow of funds into the market is not conducive to broad market further up space to develop.
Conservative operating strategy Shenyin Institute: Once the market fell 15% range, investors can purchase profit expected to steady and rapid growth, attractive valuation to re-stock banks, consumer goods, as well as feedback from a very good short-term profit car share. At the same time, forward-looking concern about power and IT stocks.
Hai Tong Securities: In the broader market up the process, pay attention to controlling position, lock income, reducing the short-term or large, the lack of advantage of the valuation stocks; If a large sharp shock to the cabinet floor, you can increase the position, select a certain margin of safety of the companies, bargain-hunting may sound fundamentals holdings in 2007 the high-growth stocks.
Shanghai Securities Guo Yanling: With a clear policy direction for the industry, as well as the traditional Chinese Spring Festival, driven by consumer sentiment, to benefit the industry and individual stocks (mainly concentrated in the consumer sector) will be in February as an investment hot spot. Such as catering tourism, drinks and retail industries. At the same time to the transport industry is also proposed to increase the categories configuration ratio, such as aviation, highway and other non-cyclical steady growth in the industry. Also suggested that concern about the rising prices of agricultural products affected by the impact of an increased spring caused a positive growth trend in agricultural goods, benefiting industry, mainly seeds, fertilizers, and other industries.
Portfolio stress defense Shenyin Institute: February's stock-picking ideas aimed at increasing annual pre-High Dividend Information expected, the low valuation and potential assets, and so low. Key recommendation Yangtze Power, Xishan Coal and Electricity, Vivi shares, Coconut, Hainan Island, Jianfa shares, Jinling Pharmaceutical, Yingkou port, on the real medicine, Qingdao soft control.
Hai Tong Securities: good, first performance of steady growth, the overall valuation is low, or the smaller coal, iron and steel, electric power of the leading companies, Xishan Coal and Electricity, National Yang of new energy, Baosteel Group, Anshan Steel, Handan Steel, GD Power, Nanjing Hi-tech, etc.; second is listed as a whole is more precisely defined, asset injection, equity incentive or restructuring is expected to stocks, such as Hudong Heavy Machinery, Shanghai Airport, Shanghai Zijiang Enterprise Group, Laurel electricity, TBEA, Kyrgyzstan power stake.
GF Securities: the pursuit of a higher margin of safety portfolio bullish due to positive changes in the structure of corporate income arising from revaluation of Baosteel, China set, Cangzhou Dahua; promising favorable trend of the industry concentration of dominant enterprises, such as China Merchants Bank, Guangzhou Shipyard International; also sees to master the core technology growth companies, such as the Tonghua Dongbao; industry environment warms up for Luan ring energies.
