Events: Shanghai Securities: Investment Opportunities in 2011 in the "transformation"
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⊙ news editor Zhushao Yong Fang Jun
Shanghai Securities in the latest strategy report for 2011 noted that the A shares will be the focus next year on the strong side of the balance transfer market, the Shanghai Composite Index is expected to core trading range 2600-3600; investment strategies on a balanced configuration, looking for successful transformation to enhance the valuation investment opportunities.
Shanghai Stock Market Strategy Group, noted that the "second Five-Year" plan the first year, "control inflation, adjust the structure, and stabilize the economy" will continue to be wheeled policy focus, and "active fiscal policy" and "stable monetary policy "will once again become possible policy mix.
The end of the second quarter of 2011 QE2 4-6 before the end of the month, with the Fed's monetary policy shift, when the external liquidity will be a downward turning point. Triggered by the strict control of inflation, the fourth quarter of 2010, domestic monetary policy has begun to return to sound monetary policy in the country "passive response" and "active return" intertwined in the overall performance of the macro-mobility of "high to low" and "outside the tight loose." The decline in investment and net export growth will lead to slowdown in 2011 GDP, remained stable throughout the year. No surprise the economy as a whole, the key to "second Five-Year" plan the first year of the structural highlights.
Shanghai Securities pointed out that in 2011 China's economy does not have a policy of tightening monetary conditions, although the A's domestic market place is awash in liquidity levels will be lower than 2010, but liquidity is not significant "blood loss" of the year. "Structural adjustment" is the "second Five Year Plan" focus, which in the industrial structure adjustment and income distribution on two main lines of structural adjustment, regional, consumer and industrial transformation of the transfer characteristics of the structural highlights of our forward-looking consumer provides the Transformation Vision East, consumption and investment to upgrade key in the Midwest, new industry investment in infrastructure to start.
Shanghai Stock Market Strategy Group, noted that in 2011, A shares will be stronger focus on the shift of the balance of city, the Shanghai index core trading range 2600-3600. Style of the year will tend to balance the market, market liquidity, decline in abundance and industrial restructuring entered a substantive stage, the market focus will lead to a successful transition back to enhance corporate valuation.
2011, promising "second Five-Year" Plan and the emerging strategic industries, the successful transformation of a short time and can substantially enhance the valuation industry. Recommended to focus on large consumption (food and beverage, pharmaceutical, retail), high-end equipment manufacturing industry (marine development, nuclear power, high-speed railway construction), energy saving (energy efficiency, industrial energy efficiency and energy management contract), computer applications, chemical new materials industries. Concerned about the regional economic and investment themes central enterprises restructuring. (Source: Shanghai Securities News)
(Editor: Cao Van) |
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