Category: Money tips Release Date: 2007-04-28
Source: Debon Securities Author: Kang Hongtao
Today's intraday tape is repeatedly made to my pre-1521 point of support for effective verification shows that tape is actively preparing for short-term upward to meet the post-Fan Chou Po Wei market, from a time perspective, the June 15th is an important Time inflection point, so tomorrow or the day if the broad market down again, do not pipe down to the size of the range, near the time in 1521 will be a good short-term selling points, because of the downward plunge in space, the near term, already has the momentum again, go long, and like the early varieties are very hot in mid-May ahead of a correction order, which adjust the time up to a month, in the technical side is well poised to organize and fully prepared, weekly The first to start, meaning the market can not be overlooked. Try to gain short-term oversold bounce profit, based on non-cyclical high-quality long-term falling stock market is undoubtedly the first choice to survive. Judging from the recent disk, we can see a strong pre-unit decline in table turns Budie become a major source of the two cities, which suggests we must first avoid a huge variety of pre-main benefit also from the other side prompted before we pre - broad market decline in non-ferrous metals and real estate section of the rally to focus on.
Message surface, following the pre-release last month, H shares after the global roadshow, Bank of China management team this week began a new round of road shows to promote. This time, the promotion is targeted at institutional investors in A share market. Bank of China president Li Lihui roadshow led by the team began yesterday in Shenzhen Roadshow promotion. In the day time, through visits to the form of a luncheon seminar, held many activities to promote inquiry, the South Fund, UBS SDIC Fund, INVESCO Great Wall Fund, Noam funds, trusts and a number of agencies in Xiamen the yesterday's promotion. We note that the Bank successfully issued two cities will become the new No. 1 heavyweight, the first A + H-share listed banks and the first A + H of the tradable IPO companies and also four state-owned banks, the first return to A-share market . In addition, the Bank of China will also break the previous A-shares of China Unicom, to maintain a record IPO50 100 million shares. In other words, the total market value of Bank of China, Sinopec is expected to close to 1.8 times, will be replaced by a new market, Sinopec was "Dinghaishenzhen."
Industry climate analysis shows that iron and steel stocks are expected to enhance the performance: in May the international market steel prices continued to rise, now more than last year's highest price, in September 2004 compared with the historical highest difference of only 0.92%. Expected by the iron ore costs and other factors, the recent international market, the face of rising steel prices will remain steady trend. Recently, Brazil, Australia, manufacturers and the supply of other minerals such as Europe, Japan, South Korea and other iron and steel enterprises have reached an agreement in 2006 iron ore prices, the price rose 19%, coupled with last year's 71.5% gain, compared with the current iron ore prices in early last year has risen more than doubled. From the supply and demand perspective, strong demand growth, the supply is relatively tight, which makes the price rise has been further impetus. International Iron and Steel Association recently predicted that global steel demand this year will reach 1.087 billion tons, an increase of 7.3% in 2007 to grow by 5.8%, reaching 1.15 billion tons. However, demand growth has been accompanied, in addition to the Chinese market, supply is lower. Chinese steel companies in recent production capacity by leaps and bounds this part of the increase in production capacity in addition to satisfy domestic demand but also be able to fill gaps in international demand, early in 2006 began to become a net importer of steel in China from a net exporter of steel, and this trend is expected to be further extended. On the domestic steel stocks, this is a good, a huge international demand on the other side, we should not worry about the performance of a substantial slide.
In addition, the appreciation of the RMB to benefit species of concern: the recent appreciation of the renminbi against the U.S. dollar, the lowest there have been eight the following transaction price. The market can never be overlooked this level of good, even in the near future when the broad market adjustment by rising oil prices languishing in dire straits and the airline has also appeared in all the rose plate. Bucked the market decline Shidao most species belonging to the main Jiancang varieties, do not let conventional wisdom about their own investment judgments, it seems that such a plate can never be played aviation market, in fact this trend as long as the yuan appreciation will not be in the longer period of time to be changed, subject to exchange rate appreciation of the positive plate will have a great appreciation potential. Overseas real estate, stock market, if the domestic real estate stocks are a suitable location must Follower of fashion, paper plates sideways poised to have to wait too long, broad market rebound will definitely be the main force of the multi-plate repeatedly pulled in those of.
Short-term to analyze the broader market, have no more downside: There has been, and tell you tape should be between 1521 ~ 1608 points sideways shocks. Since the callback from 1695, the index fell about 10%, such a decline in the bull market on the short term, the less is the limit. The decline from today, we can see the variety of Sinopec figure, the unit fell 4 percent at present, affecting the Shanghai Composite Index more than 10 points, indicating Today, in addition, Sinopec climb beyond the individual stocks have generally stabilized, while the main force of the Sinopec, the intention is through the pressure disk so that everyone feels bad, stocks generally have room to fall in order to achieve low accumulation purposes. To judge from this angle, at about 1521 really is the current consolidation of the lower box. Recent turnover shrinking to a limit yesterday on the broader market turnover of 18.6 billion cards, today's Shanghai is still maintained at this level, this phenomenon indicates that the short side should take a breather, have experienced the early fall, the venue Chi Chou Basic prefer to keep watching, waiting for a chance to leave Fanchou willing to continue to throw the. There is no greater negative impact of the broader market down there is no more space, do not worry, preparation of short-term good bar fight!
Golden Niugu Pool Recommendation: G sedan (000800): in 2006 a quarter of the automotive market since the second half of last year continued a good situation, car sales to continue to maintain a rapid growth in various types of vehicles sales were 1.7845 million and 1.7332 million, year on year growth of 36.26% and 36.85%. The financial performance of the first quarter income of automobile enterprises grew 47.8%, of total corporate profits rose 207%. The rapid development of industry, such as the G sedan industry leader providing a huge market space. Company's main products Mazda 6 (Mazda6) since last year, sales are booming, becoming the most popular cars one of the products to consumers in 2005, more than 100% sales growth. The first quarter of this year realized main business income 2.7 billion, an increase of 64% and net profit of 104 million, up sharply soared 375 percent, earnings per share reached 0.06 yuan, showing a blowout-type growth. The secondary market, the stock is dynamic price-earnings ratio is only a little more than 10 times the value has been grossly underestimated. The first quarter of 2006 report shows that the circulation of the top ten shareholders of both funds, we can see the value of their investments of institutional investors has been a high degree of recognition. Unit of the stock ex change, 2.59 yuan, after bottoming out of an inverted V-shape, during which the amount can continually enlarge the main body frantically sweeping up chips, including the social security fund, including a large number of sophisticated institutional investors Chi Chou, it has been for this only seriously underestimated given the huge variety of Zhang Sheng space. The automotive industry started to recover, the stock average system began intensive, indicating that the main cost of highly concentrated, the market outlook is expected to expand to accelerate blowout market, can be great concern.
