Category: Money tips Release Date: 2005-12-15
Overall, the broker research institutions in the long-term trends are still optimistic about the judge, under the vigilance of the short-term market trends begin to improve, tend to think that an adjustment of signal worth paying attention to short-term prosperity may be the last crazy.
Hai Tong Securities: Quotes have been alert to the end of
Hai Tong Securities believes that stocks disk polarization has been more serious. Crazy performance in 2007 is mainly the restructuring and asset revaluation class Stock class, blue-chip performance is relatively weak, real estate, banking, and steel plate relative to the valuation of the overall market has been significantly lower, in this case, the current part of the funds selection of these low-risk species.
Brokerage and asset revaluation of the concept of whether stocks may have already peaked mid-term can not be confirmed, but the risks have increased. Quickly pulled the market is expected to remain at the stage of shock will be more intense high Overall, investors should continue to have Quotes have been to the end of vigilance.
Shenyin: not chase short-term
Shenyin Securities believes that, for the moment, despite the broader market has remained strong on the surface, but by repeated shocks to build a stage head, and gradually guide the tape into the phase adjustment. And that even if there is rising Quotes of inertia, including the brokerage stocks will be some shocks, heavyweight and some fall-out, but in general to see if a spent force signal. Operation strategy should be cautious, and gradually reduce the position, not chase short-term.
Societe Generale Securities: beware of the risk of short-term volatility
Societe Generale Securities believes that mastery of the market outlook for the stock market, we must guard against the risk of short-term volatility. But it can not be unduly alarmed, the bull market is far from over, we must grasp the bull market trend. Listed Companies 1-expected quarterly results continued to grow relatively reasonable valuations of large capitalization stocks, as well as face an oversupply of funds, making the market will be differences and doubts in the shock upstream. We should be in the market volatile trading, the proper control positions, based on margin of safety investment.
Everbright Securities: market as a whole remain healthy
Everbright Securities believes that Hu Zhi 4,000 points mark the successful stand on the investors to do more of the mentality is very strong. Although the central bank for paying more attention to asset prices, but the sustained growth performance of listed companies have effectively offset the continuous rise in stock prices, the core of blue-chip's price-earnings ratio is only about three times, with one-year rate of return on savings, still has a margin of safety compared to the asset injection, the overall market, the expected integration of central enterprises, will have some time to come to play an effective role in reducing dynamic price-earnings ratio.
China Merchants Securities: Stock of structural adjustment would be much better
China Merchants Securities believes that the short-term trends, banks and other large-cap stocks rise on broad market is still greater support for the broader market adjustment space is not large, however, the structural adjustment, individual stocks would be much better. As for the medium to long term, against the big blue-chip there is still room for growth and decided to tape there will be shocks, but the downside is still limited, do not change the long-term bullish trend.
