Shanghai and Shenzhen stock markets opened inconsistently, the Shanghai Composite Index opened low and fluctuated lower, and once fell to 2890.9 points. It turned red near the end of the trading due to the rebound of weight sectors such as securities companies, banks, coal, liquor, and steel. The Shenzhen Component Index opened high and then fell and rebounded and turned red with an amplitude of nearly 2%. The ChiNext Index opened high and closed high and closed high, with a high of 1664.26 points, rising nearly 40 points, setting a new record high and amplitude of nearly 3%.
As of the close, the Shanghai Composite Index was 2953.42 points, up 15.25 points, up 0.52%, 411.487 billion yuan, the Shenzhen Component Index was 10504.23 points, up 41.92 points, up 0.40%, 300.28 billion yuan, the ChiNext Index was 1657.50 points, up 33.93 points, up 2.09%, and the i100 Index was 4522.91 points, up 2.28%.
From the market, today the stock indexes of the two markets bottomed out and rebounded, the ChiNext Index strengthened significantly, rising by more than 2% during the session, setting a new record for the highest point. Small and medium-sized stocks performed significantly better than large-cap blue-chip stocks. Banks, steel, real estate and other weighted sectors ranked first in the early trading, and the expectation of a reduction in the reserve requirement ratio at the weekend had an adverse impact on the relevant sectors. In the afternoon, the free trade zone sector speculation and differentiation, the theme of the Tianjin-Guangdong-Fujian Free Trade Zone faded, the theme of the Chongqing Free Trade Zone heated up, the decline of bank stocks narrowed, securities and insurance counterattacked, and the stock index quickly turned red. Overall, the market speculation hotspots have gradually moved from large-cap blue-chip stocks to the rebound trend of small and medium-cap stocks, and the short-term risks of the large-cap stocks have gradually been released. In the future, we should actively continue to enter the market at low prices. In terms of the
sector, domestic software stocks rose sharply, and Xinyada, Oriental Guoxin, Zhongke Jincai, Shiji Information, Jinzheng Co., Ltd. and others hit the daily limit. The medical device sector has strengthened significantly under the driving force of Bohui Innovation’s daily limit. Lepu Medical, Jiuan Medical, Aier Eye Hospital and Yuyue Medical have the highest growth rates. Guotai Junan H shares were suspended, which triggered market speculation, and Volkswagen Transportation and Huamao Shares blocked the daily limit! Marshall Plan concept stocks rose strongly, with China Communications Construction Construction, China Industrial International and China Metallurgical Corporation hitting the daily limit.
news, in order to strengthen the management of the lithium-ion battery industry, standardize the industrial development order, and guide the sustained and healthy development of the lithium-ion battery industry, the Ministry of Industry and Information Technology has studied and formulated the "Lithium-ion Battery Industry Standard Conditions" and is now soliciting public opinions. The draft opinion clarifies the aspects of industrial layout and project establishment, production scale and process technology, product quality, comprehensive resource utilization and environmental protection, safety management, health and social responsibility, supervision and management. BYD, Dangsheng Technology, Dongyuan Electric Appliances, Shanshan Co., Ltd., Jiangsu Cathay, etc. are worth paying attention to.
"Changsha City Action Plan for Deepening the Reform of State-owned Assets and State-owned Enterprises (2014-2020)" was released recently. The plan points out that by 2020, Changsha will basically complete the strategic adjustment and reorganization of state-owned capital in the city, with 152 municipal state-owned enterprises integrated into less than 20 large enterprise groups, holding more than 10 listed companies, and the total state-owned assets of the enterprises exceeded 1 trillion yuan. Among A-share listed companies, Hunan Investment and Tongcheng Holdings are companies under Changsha State-owned Assets Supervision and Administration Commission, which are expected to benefit directly.
The Party Group of the Ministry of Transport of the Communist Party of China held a meeting to convey and study the spirit of the Central Economic Work Conference. The meeting proposed to issue the "Opinions on Comprehensively Deepening Transportation Reform" as soon as possible to promote the benign interaction and organic combination of top-level reform design and grassroots exploration, and strive to take the lead in making breakthroughs in key areas and key links. It is recommended to pay attention to the following three types of enterprises: 1. General contractor service providers of intelligent transportation system: Aerospace Technology, Yihualu; 2. Navigation and positioning service providers. It is recommended to pay attention to my country's leading navigation and positioning service providers: Haig Communications, Siwei Tuxin; 3. Perception equipment providers, Hikvision and Dahua Co., Ltd.
From a technical perspective, the stock index bottomed out and rebounded, and the K-line closed positive. Judging from the minute line, the Shanghai Composite Index has obvious pressure on the stock index on the 5-day line, and the stock index maintains fluctuations between 2900 and 2970. Judging from the minute line, the medium and short-term technical indicators MACD have a gradual strengthening trend, but the shrinking trend of stock index trading volume has not changed. In terms of trend, the market's 10-day average is around 2900 points, which is the lifeline of the stock index. If it falls below the index, it may continue to adjust. It is expected that the market may remain on the verge of rest in the short term. Focus on the pressure at 2970 points in the short term, and observe the support at around 2900 below. At present, the market amplitude has increased significantly, and investors should pay close attention to the trends of heavy stocks.
The fool financial management teacher believes that the trading volume of the market in has shrunk again today and has not yet recovered 3020 points.Therefore, the adjustment trend of the market index still exists. Today, the main forces of many parties have defended the 10-day line, but they cannot change the trend of the dead cross between the 5 and 10-day line tomorrow. The volume has already appeared dead cross, and the moving average has appeared again, and now only MACD is left. Once the three dead crosses of short-term peaking signals are formed, be careful that the index suddenly turns its back on others. There are 7 new stocks to be subscribed this Thursday and Friday! Can the effect of new stock subscription reappear? Although the market index is in an adjustment trend. Today, the Chinese characters with Chinese characters are 601800 China Railway Construction, 601668 China Construction, and 601117 China Chemical performed well. It can be seen that many main institutions have not withdrawn from this market, but have turned to other sectors and individual stocks. A wave of market trends started by the weight sector will reach its peak for a longer time and will be very complicated. So our capable friends can continue to control position operations! In short: As long as the main force in holds the 10-day line, don’t be afraid of repeated fluctuations in the market index. Some individual stocks will still have market conditions, so boldly take action!
Zhirouruoshui believes that the bull market of must also be at the right pace! Although the decline in oil, coal, steel, etc. this morning drove the index adjustment, the market activity remained unabated, software, Internet finance, the Belt and Road Initiative, etc. rose sharply, the small and medium-sized GEM rose, and securities companies showed their power in the afternoon, and the market gradually recovered lost ground, fluctuated upward, and closed with a positive K. The bull market is not easy to say, Ruoshui has always insisted on . We are in a structural bull market driven by capital. Each pullback is just a normal short-term correction, and it is a good opportunity to buy low . Looking back, is this the case? In the early index market, most people make money by making indexes but not money. Before the brokerage firms fell, we switched to the new hot spots of the Belt and Road Initiative in time. It is precisely because we have reached the right pace that we can truly enjoy the feast of the bull market! The index is not performing well in the morning, but the theme stocks are active, and it is easier to make money! Tomorrow, we will pay attention to the pressure of 2300 and support both 5. The abnormal movements of brokers in the afternoon may point out the direction for the market's next move.
Small stocks Tianxia Teacher believes that the market continues to maintain a medium-strong oscillation pattern. The early trading prompts that the strong support point is 2882 and it has not been broken. At present, the securities have not yet been released and continue to maintain sideways at the relative level! The market is generally sideways, which is why small stocks say that in the later period, the market basically chose the overall trend direction in the time window, mainly focusing on oscillation, increasing the depth of oscillation during the session, and sideways oscillation! After the closing of , the overall strong support was 2892, and the medium-term was 2796, which basically rose slightly. The short-term trend did not go bad. Continue to operate!
Investment opportunities for investors
is approaching the end of the trading session, and securities stocks collectively rose. As of the close, the securities sector rose 3.30%. In the bull market, rapid expansion of business scale has become an inevitable move for various securities companies to remain behind. Therefore, despite the on-site inspection by management, several brokerages said last week that they would continue to expand the scale of margin financing. In addition, Guosen Securities officially obtained the issuance approval document, which indicates the start of a new round of securities listing wave. On December 15, Guotai Junan International (01788) was suspended in the H-share market. The reason is not yet known, but based on recent market news, the suspension may be related to its mainland listing plan. Industry insiders pointed out that as the industry's prosperity continues to improve, the securities industry will usher in an unprecedented "golden period" for listing.
Southwest Securities Tracking Report: State-owned Assets Reform is accelerating, and the high-quality large investment banking target
remains strongly recommended. The main highlights are: 1. The company fully grasps regional resources and builds a comprehensive financial platform through alternative investments, so that its own funds use efficiency continues to improve, ensures that the performance continues to be beautiful, and promotes the rapid development of micro-loans, P2P, and international businesses; 2. Investment banks have outstanding advantages, accounting for as much as 28%. The company seizes the opportunity of the merger and acquisition wave and promotes the rapid increase in volume of private placement and merger and acquisition restructuring businesses. The two indicators in the first three quarters are far higher than those of the Similar securities firms, in an environment of differentiated industry structure, are expected to become the "Chinese version of Lagarde", focusing on corporate mergers and acquisitions and restructuring, and enjoying the high valuation of high-quality investment banks; 3. The company's mixed ownership reform has entered the stage of implementation, and is expected to greatly stimulate vitality and improve operating efficiency. It is expected that the company's EPS will be 0.42 yuan and 0.59 yuan in 2014 and 2015, respectively, corresponding to PEs of 25 and 18 times, and the valuation is obviously low. It is highly recommended!
Huatai Securities: The financing channels are opened, and credit business is ushering in the peak of the new peak
investment advice. The company's financing channels will promote the rapid development of capital intermediary business, and at the same time increase the company's leverage level, improve ROE, and drive the company's valuation to improve. The company's Internet securities business has obvious first-mover advantages and significant results. It is expected that the company's EPS in 2014/15 will be 0.51/0.55 yuan, which will be raised to a buy rating, with the first target price of 15.19 yuan.
Haitong Securities In-depth Report: Traditional business builds a solid bottom, innovative business expands upward space
priority to layout dividends + innovative business gradually makes efforts. 1. Haitong Securities' net capital scale, risk control level and comprehensive capabilities make it enjoy the dividends of "priority layout" in various new business pilot projects; 2. New businesses such as margin financing and securities lending and agreed repurchase have good momentum, and the proportion of profit contribution has increased year by year; 3. Traditional business foundation and international business platforms provide a good foundation for the company's further innovation and expansion. Under the assumption that the average daily stock trading volume in 2014 and 2015 was RMB 210 billion and RMB 220.5 billion, we predict that the company's earnings per share in 2014 and 2015 will be RMB 0.60 and RMB 0.68 respectively. The company's business modules were valuated by partial summation method, and the company's target price was 14.52 yuan, and the first coverage was given a "buy" rating.
GF Securities: Achieving strategic cooperation with Sina is expected to build a complete 020 closed-loop
profit forecast and investment advice: The company's fundamentals are firm, but the valuation is lower than comparable securities companies and industry averages, and the stock price has a high safety margin; looking at the whole year, compared with comparable securities companies, the stock price has a lower increase, and there is a strong demand for subsequent rebounds; the listing of H shares will help the company conduct overseas and domestic businesses; the cooperation with Sina is expected to increase customer market share and customer added value is beneficial to the company's long-term development. For the above reasons, the "strongly recommended" rating is maintained. Taking into account the industry's operating environment and the company's own Internet strategic layout, the company's 14-year and 25-year EPS was 0.71 and 0.95 yuan, respectively, corresponding to PE valuation 28 times and 21 times, and the company's reasonable value was 28.4 yuan, corresponding to 30 times PE in 15 years.
Comments on the third quarter report of China Merchants Securities: Investment banks and margin financing boosted performance, and the structure tends to be reasonable
Looking to the future, we believe that the channel for stock market rise is basically established, and the probability of trading volume in the fourth quarter is high, and brokerage revenue is expected to steadily increase; and it is expected that the company's investment banking business will continue to grow at a high level. In addition, we are also optimistic about the company's potential in innovative businesses such as the New Third Board, margin trading, etc. with strong capital strength. Profit forecast and investment advice: The net profit in 2014/2015 is expected to be RMB 3.22 billion and RMB 4.03 billion, respectively, YOY increases by 44.6% and 24.9% respectively. The current stock price is trading at PB1.7X in 2014, with a low valuation, so investment advice is given for buying.
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