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Data:2009-12-12 2:34
Source: Guotai Junan
Short-term consolidation of the broader market will continue to shock
Today, Bank of China Ping-open shock order to maintain the trend, from the disk point of view, the Bank of China has begun to stabilize, stabilized performance in today's opening price on the flat open today, Bank of China has changed the situation yesterday, opened lower, suggesting the Bank of China has a smooth landing, afternoon fluctuations will be reduced, and its Hong Kong shares turn to their A share price has brought some support, therefore, the Bank of China down space for smaller, afternoon stabilized if the Bank of China, then in the broader market about to become a "Dinghaishenzhen" , but stabilized after the Bank of China will reduce the crowding-out effect on the blue chip companies, so afternoon broader market shocks are most likely to continue to consolidate.
From the disk, the existing hot spots are still to switch faster, hot plate in the absence of market outlook, driven by the broader market is difficult to get out upside graphics, but stocks in dashed Qian Qi, the stocks and the plate will appear weathered, some hot pre - will gradually fade out, such as alcohol and agriculture blocks will have a definite drop in broad market by a strong shock of structural adjustment will be completed, waiting for the emergence of a new leader. Afternoon investors focused on blue chip companies should continue to trend disk from the current point of view, blue chips did not walk out Ruoshi adjustment situation, if the Bank has been maintained at low levels in the future, then the Bank of China if they would be the formation of pairs of blue chips continued crowding-out effect is the market outlook areas of concern. Integrated above, the tape will still shocks order to complete the structural adjustment of the value of investing now to the main line of the capital markets, the price-earnings ratio is too high, value has been significantly overestimated the value of the stock return will occur, and some are greatly undervalued The defensive nature of species will undoubtedly be welcomed by the market, and this structural adjustment is also a healthy market outlook is the broader market rose guarantee.
Continuous inflow of foreign capital will speed up the layout of
Broader market rise in the market outlook will require guaranteed funding to incremental funding afternoon will probably come mainly from two aspects, first of all is that the insurance funds will accelerate the pace of the market, present, China's domestic demand for investment of insurance funds and ultra 600 billion, of which nearly half of looking into the stock market , this part of the fund size is huge, and that the country will continue to encourage the insurance funds to enter the capital market. On the other hand, mainly from foreign investment, U.S. economic growth in the second quarter slowed down significantly, but also in the context of high oil prices, if the United States continue to adopt a policy could Ghali, will continue to reduce U.S. economic growth, so the market generally agreed that the United States interest rates will have peaked, while Europe has also slowed down the pace of rate hikes, the worldwide tightening short-term will come to an end, the United States to stop raising interest rates and the yuan's strength will continue to guide foreign capital to enter China's capital market, and has now entered a The channel is also relaxed to allow foreign investment in China's investment holding company listed strategic investment company. So afternoon will attract more foreign capital investors to enter the domestic capital market.
Compensatory growth plate could be cause for concern
In the current case of sector rotation, therefore, in the case of sector rotation, investors should not blindly chase the recent sell into. Currently stocks in consolidation will be completed at the same time hot switching, pre-or too much demand the return of the stock has value, appropriate should be avoided. In the sector rotation and at the same time, a number of investment opportunities in individual stocks will be displayed, mainly concentrated in the pre-or not, in the bottom of the consolidation of the plate will appear compensatory growth market, these plates on the one hand is mainly reflected an increase in the consolidation in the channel in the defensive species, such as steel and coal, on the other hand, is mainly reflected in the pre-plate did not follow the broader market, mainly the pharmaceutical segment, so hot in the broader market correction and a conversion, at the bottom of some compensatory growth stocks will likely require acceleration pulled this week, four of the broad based, is a good example.
From the compensatory growth hot spots movement of sequence analysis, we believe that Chinese medicine section is very likely to become the next phase of funding attacks on the main objective, we can focus with independent intellectual property rights, shares of sexually active, large funds like frequent target of attacks, such as sea-600267G are: self-innovation and technology leader. The company's cardiovascular drug, anti-tumor margins were higher than 60%, while its production of daunorubicin, doxorubicin, mitomycin C and other anti-tumor volume of exports of raw materials has occupied the U.S. generic drug 60% of the market share of antiparasitic A Buddha Abamectin international veterinary drug market, accounting for more than 40% of the share of cholesterol-lowering statin drug product production scale and technical level ranks second in the world, accounting for about one kind in the world market / 3 share. In addition, new projects, construction projects, the Eastern District in 2006 yantou total investment 281 million, of which 2006 to be invested 137 million, yantou Western construction projects amounting to 409 million total investment, of which 2006 to be invested 7,000 million yuan, Recombinant drugs total project investment of 250 million, its profitability is more substantial. The secondary market, the stock rose far behind the broader market over the same period, compensatory growth is very strong demand. Similar to the medical section in the near future a substantial continuous pulled no shortage of examples of the leading varieties of sexually active stocks can focus on.
To sum up, in Shenzhen index has not yet the case of high short-term tape will remain in order to collate the main shock, but the completion of structural adjustment, the broader market will usher in a new round of market, the pattern of long-term bull market still did not change. Operation, in the shock morals choose compensatory growth potential of species to become the key to profitability.
