Category: Money tips Release Date: 2007-03-25
Source: Debon Securities Author: Kang Hongtao
1, today Dashiyanpan:
(1) Large inventory position prediction: Important pressure position: 1697 points, an important support level: 1672 points, the broader market trend line of 1678 Long Point (Long lines are increasingly broad market strength of the line SSE)
2) evaluation of market conditions:
Tuesday stocks in the previous session close of the two cities within a narrow range near the consolidation, turnover continued to shrink, the market waiting to see a thick atmosphere, they look at individual stocks, individual stocks basically evenly divided between the two cities Change, daily limit to 15 or so individual stocks, real estate, business, cement, Tianjin Binhai New Area and other stocks among the biggest gainers, non-ferrous plate then drop into the forefront. Look at the broader market, since the fall last Thursday, the broader market to stabilize short-term into the consolidation process, but the card index in 1750, the mid-point of the top has been established, adjustment will fall afternoon is the main tone, the short term, if the amount can be if the is not a big bang, then the ballistic 1697 points, you should basically put in place, the medium-term it is expected to continue, the future market for some time a lot of negative factors, the market will enter a structural adjustment process, the risks and opportunities for individual stocks coexist afternoon should be carefully and strategically appropriate rallies to trim, short-term buy low sell high
δΊ? Real estate investment strategy section:
Difficult to improve the valuation of the real estate section, we recommend investors to focus on higher growth performance of the company, another may be appropriate to conduct band of operation to circumvent the short-term fluctuations in the industry risks; government control aimed at stabilizing the real estate housing price rather than letting prices fall in China's rapid economic development trend, fluctuations in the real estate industry upward trend will not change, so when the market panic, when the intervention is often a good point;
Leading enterprises will be the beneficiaries of the state's macro regulation and control, they will benefit from increased industry concentration, we are concerned about the company is basically the industry's largest companies, which have a very good long term growth potential, investment higher value. A shares, we recommend Vanke, China Merchants, Golden Group; overseas markets, recommended Chinese overseas, first home buyers, and China Merchants B shares.
δΈ? Institutional framework of stock index futures completed:
According to informed sources, the financial exchanges will be in September at the latest listing. Financial Futures Exchange (chips) business group has been basically completed the institutional framework of stock index futures, the financial exchanges and trading rules and stock index futures trading rules, settlement rules, risk control rules, hedging and other details of the draft exposure draft is currently has been in the industry for comment, is expected to available in 9 months. The source said the final impact of the relevant rules promulgated by the biggest factor is the "Futures Trading Regulations" progress in the amendment. At present, the Ordinance has been submitted to the State Department will soon be discussed and adopted by the State Council executive meeting. The revision is expected to post the fastest of the Ordinance officially introduced within a month or two, when the financial exchanges and will be officially listed It is understood that the financial exchanges and the preparatory group on July 6 in Shanghai stock index futures to seek opinion on the draft rules will be, after a revised, on the 14th once again convened in Dalian, a number of securities companies, futures companies to convene relevant agencies of the stock index futures trading rules and risk control management approach is getting clearer.
