Since the beginning of this year, the stock indexes of Shanghai and Shenzhen stock markets have shown a volatile rebound, and the market trading activity has rebounded. The Shanghai Composite Index achieved four consecutive positive momentums in the four trading days after the National Day holiday. Against this background, major institutions are actively conducting research, and the enthusiasm for foreign investment research continues to rise. High-quality varieties with stable performance growth have attracted the attention of foreign investment and become the focus of market attention.
In this regard, market participants generally believe that after the preliminary adjustment, the enthusiasm for market investment has been stimulated again, hot spots emerge one after another, and the money-making effect has begun to appear. It is expected that the Shanghai Composite Index will continue to fluctuate and rise in the short term. In terms of strategy, the mid-term continues to choose high-quality targets for layout. Recently, the low-valuation and high-performance blue-chip stocks that have been actively investigated by institutions are expected to usher in structural opportunities in the future.
According to the statistics of Tonghuashun data, a reporter from Securities Daily found that since this year, a total of 1,179 listed companies have received surveys from multiple institutions including fund companies, securities companies, overseas institutions, sunshine private equity, insurance companies, etc. Among them, a total of 321 listed companies have been intensively visited and investigated by overseas institutions during the period.
Specifically, among the 321 listed companies mentioned above, 64 companies were surveyed by 10 and Shanghai-based institutions during the period. 5 companies including Hikvision , Midea Group , Lepu Medical , GAC Group, Mindray Medical , all received more than 100 overseas institutions participating in the survey during the period, reaching 303, 193, 180, 172, and 127 respectively. Guanglianda (83), Dahua Shares (77), and Eston 9 companies including (69), Huichuan Technology (67), Xinwei Communications (56), Boss Electrical Appliances (51), Industrial FULL (46), Angang Co., Ltd. (46) and Kangli Elevator (42) also received more than 40 overseas institutions during the survey. The number of overseas institutions including 50 companies including TCL Group (38), Focus Media (35), Joyoung Co., Ltd. (34), Zhongying Electronics (34), Weixing New Materials (31), Goldwind Technology (31) and Lens Technology (31) were all received more than 10 overseas institutions during the survey.
The above-mentioned stocks , which were surveyed by overseas institutions, have generally performed well this year. Among the 321 stocks surveyed by overseas institutions, 280 stocks have seen their stock prices rise during the period, accounting for nearly 90%. In addition to the 17 second-new stocks listed this year, 97 stocks have accumulated a cumulative increase of more than 50% during the period. Among them, 35 stocks have doubled their stock prices this year. The cumulative increase of 5 stocks including Lingyi Intelligent Manufacturing , Jinyun Laser, Shanghai Electric Power Co., Ltd., Zhengbang Technology , etc. All have reached or exceeded 2 times this year. The cumulative increase of 30 stocks including Shuangta Food, People's Daily, Jianyou Co., Ltd., Goertek Co., Ltd., Digital Certification, Wuliangye, New Hope, Huiding Technology, Luxshare Precision, Bairun Co., Ltd., Zhaoyi Innovation, Pengding Holdings, etc. has also reached or exceeded 100% this year, showing its strength. In terms of capital flow, in the four trading days after the holiday, a total of 120 stocks were favored by mainstream funds on the market. Among them, 69 stocks had cumulative net inflows of large orders in the past four days, and nine stocks, including New Hope, Zhengbang Technology, , Xinwei Communications, Lingyi Intelligent Manufacturing, Wen's Shares, Ningbo Bank , Midea Group, Goldwind Technology, Ping An Bank , etc., were all sought after by large orders of more than 100 million yuan during the period. Gree Electric Appliances, Lens Technology, Nanwei Medical, iFLYTEK, Jerry Co., Ltd., Visionox, Shuanghui Development, Tongce Medical, Xinyisheng, Aier Eye Hospital, Changshu Bank, , Weichai Power and other 12 stocks also received more than 50 million yuan in large order funds during the period. The cumulative net inflow of large order funds of 48 stocks including Changan Automobile, Shangfeng Cement, SF Holdings, Crystal Optoelectronics, Zhongsheng Pharmaceutical, Shen Technology, Suning.com, etc., also exceeded 10 million yuan in total, and the above 69 stocks attracted a total of 4.712 billion yuan in cash during the period.
further statistics found that as of now, 63 companies have taken the lead in releasing third-quarter performance forecasts, with 48 companies expecting positive performance forecasts, accounting for more than 70%.Among them, 12 companies including Sega Technology (330.00%), Pathfinder (302.58%), Kedali (245.00%), Kangli Elevator (240.00%), China Merchants Port (203.30%), Shuangta Food (180.00%), Jerry Co., Ltd. (155.00%), Shanghai Electric Co., Ltd. (134.86%), Ocean Motor (127.10%), Wen's Co., Ltd. (112.08%), Yonggao Co., Ltd. (110.00%) and Yunhai Metal (109.98%) are expected to double their performance in the third quarter of 2019 year-on-year.
From an industry perspective, the above 321 stocks adjusted by overseas institutions are mainly clustered in six major industries including electronics, mechanical equipment, computers, pharmaceuticals, biology, chemicals, and electrical equipment. The number of stocks involved is 52, 32, 30, 26, 21 and 21 respectively. Regarding the future investment logic of the electronics sector, CITIC Securities stated that it will accelerate the domestic substitution of the security supply chain in the medium term, which will promote the leaders to open up a longer-term market that is independent and controllable, and will remain firmly optimistic about the development of leading companies. Looking ahead, it is expected that the domestic business end is better than the channel end and the government end is better than the overseas market: among them, the marginal demand of large enterprises in the AI scenario will improve, and the business end is expected to benefit from the visual IoT trend, open up a larger market space, and continue to be optimistic about the performance of leading companies Hikvision and Dahua shares, and it is recommended to buy on dips.
Before the festival, technology stocks leading callback provided the best configuration opportunity. Southwest Securities said that the economic driving force has begun to change, and the two major sectors of medicine and technology have great potential: the former benefited from the intensification of aging and the requirements of residents' higher quality of life, and the market space has gradually opened up; the latter, as the core of future economic growth, continues to make efforts, and the sub-sectors such as semiconductors, autonomous control, information security, and cloud have broad space and great potential. The investment logic of technology stocks is similar to that of pharmaceutical stocks. Both are future-oriented industries and are likely to show similar trends. Technology stocks in 2019 had high and low in the first half of the year, and began to rise sharply in August in the second half of the year. Electronics, communications, computers and media recorded 23.9%, 15.2%, 16.6% and 10.2% respectively in less than two months, and the market rebounded after September 25. Just like the pharmaceutical stocks in 2018, the leading pullback of technology stocks at this time provides a pretty good buying opportunity. As performance is gradually realized and foreign capital continues to flow in, the core assets in medicine and technology will be more supportive of Changniu.
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