Category: Money Tips Date: 2006-07-07
"In a bull market, in fact, very difficult to do timing, we are more concerned about the investment value of individual stocks. Whether in 3000 or 4000 points, there are some individual stocks have investment opportunities, individual stock selection is the most important." Seeking Yin-chi said that the future of a period of time, the market will continue the structural adjustment market, only the selected stocks will it be possible to make money.
As for market trends, Yin-chi, said seek medium to long term we remain optimistic about the market, the short-term risks will only be released is conducive to the market's future development. He was China's economic growth rate and composition of growth are very optimistic, but the trend of RMB appreciation will not be reversed, "this year and next year we are particularly concerned about the monetary policy contractionary effect on the liquidity, as well as the possibility of inflation, as well as the Chinese government market regulation policy. "
In a specific strategy, Yin-chi seek more concerned about the injection of assets, of course, not all companies have injected into the value of the assets. In addition, from the valuation and risk perspective, he thought the valuation of basic materials and steel, lower risk is low. Medium and long term, Yin-chi, prefer to seek their consumer goods, because look at the economic structure we will vigorously promote the development of consumer services sector, the valuation can give may be higher; the financial sector is relatively low-risk industries, downside risk is not , up opportunity not small. The property market, Yin-chi, prefer to seek their commercial real estate, he thinks a better chance of commercial real estate, partly because foreign investors can invest in commercial real estate, on the other hand, commercial real estate rents have a higher rate of return, while the risk of housing policy a larger number, he said, more worried about the imbalance between housing supply and demand situation will appear.
