Category: Money tips Release Date: 2007-02-26
Source: Kim Merrill Lynch Investment
1, Market Guide:
Tuesday the Bank of China listed on Shanghai stock market stocks in a pre-oscillation finishing market, the Shanghai Composite closed at 1681 points, down 15 points on turnover of 33.1 billion, significantly larger than yesterday.
Message surface is relatively calm, will soon become the largest A-share market heavyweight Bank of China, its top ten shareholders of A shares initially scheduled seating. Gold sinks as the sponsor company to 67.49% of the equity ratio to continue to firmly grasp a controlling stake in Bank of China, and another nine bodies through the online network under the fierce competition among the top ten shareholders of A shares listed Among them, insurance companies accounted for half of the country.
The much-anticipated Bank of China will be available tomorrow, the market is a huge difference. A considerable portion of the market view that the recent rise has been driven to the Bank of China stock market a breakthrough ahead of schedule up to play, while the Bank of China after the listing if the one-step, Gaokaidizou, probably like a year's Sinopec as Gaokaidizou, occasion in the index down prices, the other main is likely to use the opportunity to ship, which may take the form a tape head stages. Although this argument seems a certain logic, but the key is the market environment has been different, if it is in a bear market, "Sinopec" scene is likely to be staged, but now the market environment is quite different and previously, stock reform success of the original system into a system of premium discount of the stock market rebound powerful endogenous appreciation of the yuan revaluation of assets, the value of the irreversibility of greatly enhanced and sustained economic growth and the rapid growth of foreign exchange reserves so that a situation of excess liquidity will not be fundamental change, the Fund's continuous distribution, foreign investment continued flocking, and financing business to open again is extremely prosperous surface of funds, which meant that China's stock market are taking a wave of history, has never been long bull market, which is still to be stand seen in the context of this listing of BOC. Although included in the index because of methodological issues, the Bank of China listed will bring some distortion index, but it should be seen in the previous bull market index has been non-specific reference value, the historical record will always be broken, a new high is always To record, but since we all know, the more distortion index there is no need to fear high, Gao Bugao key is the level of market price-earnings ratio and growth, rather than whether it is 1800 or 2000 index point. Bank stocks in tomorrow so even if driven by a sudden jump across the 1,800-point, we do not need to appear afraid of heights, 1,800 points will be the new starting point for a bull market.
From the disk to see the day, because tomorrow the Bank of China listed on the market parties are actively preparing for the same time showing a certain amount of wait and see mentality, a certain oscillation tape appeared intended to poised orientation. Market hot spots, to G Xiagong, light machinery, on behalf of the mechanical plate to G Southern sugar, G Gan on behalf of new energy into a plate, and the Tianjin Binhai plate, non-ferrous metal plates to a strong performance, and yesterday there are indications to start in order to 3G, digital TV, online games as the representative of the tech stocks continued to show signs of picking up signs, such as the G Tang, G Fei Yue and so continued strong upside. However, petrochemical, iron and steel plates poor performance, there was a substantial decrease warrants plate. Running theme of the current market presents a diversified, but the main points the following categories, first is the theme of investment, such as engineering machinery, equipment manufacturing, aerospace defense; the second category of resources, non-ferrous metals, electricity, etc.; third category is spending to upgrade , including beverages and foodstuffs, commercial, etc.; The fourth category is self-innovation, including 3G, digital TV, online games, etc.; fifth category of strategic mergers and acquisitions; sixth category is the appreciation of the RMB to benefit, such as aviation, paper and so on. The next hot spot will still be a few turns around the following speculation.
The Bank of China listed stocks in Shanghai Stock Market Tuesday before the sharp oscillations, the market orientation of virtual potential. Turnover significantly larger, showing severe long-short changing hands. As the Bank of China listed on the first day of tomorrow will be included in index, and therefore significantly higher benchmark Shanghai Composite Index opened tomorrow is very likely break up in one fell swoop. The break up after the broader market is still expected to continue to be strong.
2, the operation recommended that:
1, position: 60%
2, attention: cheap oversold stocks
3, hot Analysis:
From the disk to see the day, because tomorrow the Bank of China listed on the market parties are actively preparing for the same time showing a certain amount of wait and see mentality, a certain oscillation tape appeared intended to poised orientation. Market hot spots, to G Xiagong, light machinery, on behalf of the mechanical plate to G Southern sugar, G Gan on behalf of new energy into a plate, and the Tianjin Binhai plate, non-ferrous metal plates to a strong performance, and yesterday there are indications to start in order to 3G, digital TV, online games as the representative of the tech stocks continued to show signs of picking up signs, such as the G Tang, G Fei Yue and so continued strong upside. However, petrochemical, iron and steel plates poor performance, there was a substantial decrease warrants plate. Running theme of the current market presents a diversified, but the main points the following categories, first is the theme of investment, such as engineering machinery, equipment manufacturing, aerospace defense; the second category of resources, non-ferrous metals, electricity, etc.; third category is spending to upgrade , including beverages and foodstuffs, commercial, etc.; The fourth category is self-innovation, including 3G, digital TV, online games, etc.; fifth category of strategic mergers and acquisitions; sixth category is the appreciation of the RMB to benefit, such as aviation, paper and so on. The next hot spot will still be a few turns around the following speculation.
