Events: State Securities: A share in 2011 will be a bull market
| Event Details:
"A share market in 2011 will be a bull market." At the recent "State Securities Investment Strategy 2011 report A shares", the State Securities Institute is given a positive assessment. "We forecast that next year, before the stock market lower after the high trading range throughout the year at 2700 points to 4200 points, consumer and emerging industry sector can focus on configuration, the cycle class of stock board
Related stock movements
State Securities
With relatively low block. "
Golden State Securities Institute said in 2011 China will face strong external pressure and internal driving force, which will lead China into a new round of development. "From the current point of view, emerging and developed countries in some key economic indicators were divided, it would certainly benefit the world's major economies and policies of risk gap widening. From the third quarter of last year, some emerging market entry the rate hike cycle, while some developed countries, the quantitative easing until recently, the appreciation of emerging countries led by China, the pressure is self-evident. "
Golden State Securities believes that 2011 will be a bull market A shares. From the economic side, given the macro sector is 9.5% GDP growth forecast, which is a good market, but not bad. Speaking from the money, the money supply will be normalized. By simple calculation, the country next year, bank deposits of gold securities that A-share market move will add about 2 trillion of funds; from a valuation point of view, the current banking, real estate and other major sectors of the market pulled down the average valuation A stock valuation is still in a reasonable position to judge next year as China's economic growth is gradually upward, so the profit growth of listed companies will gradually progressive, optimistic judgments A shares next year to give to 20 times valuation.
Golden State Securities expects, "Twelve Five" plan early next year, A-share market will continue to create some structural hot spots. The second quarter, inflation concerns for the entire market may be reduced, will then be able to invest in some durable consumer goods sector; in the second half after the blue chips should be concerned, because the rise in the second half of the economy, inflation down to a good trend, very beneficial to the broader market blue-chip performance.
Industry segment, the 2011 Golden State Securities key recommendation of the two major investment themes, "consumerism upward move" and "leap-forward development of new industries", including the consumption of medicine, insurance, automotive, electronics and emerging industries in the energy-saving environmental protection, new energy and high-end equipment, there are seven major industries, including manufacturing is expected to get better investment opportunities.
2010, A-share market investment has new industries, consumption, cycle plate "three pillars" of the situation, particularly among the most popular new industries. Golden State Securities, said the end of the bubble may be emerging industry there are three signals, one rises too high, the United States to achieve 70 times the valuation of new industries is the bubble peaked signal; second interest rate increase persisted; third change in trend occurs.
Currently, A-share market valuation of new industry sector while high, but have not yet formed into a serious "bubble." Investment strategy for the emerging industries, suggest that investors in two ways, the first trend of investment, before the change in the fundamentals have not, continue to enjoy the policy holders dividend; The second is the value of the investment, that is highly concerned about the growth performance companies, most worthy of investor attention is the new energy industry, energy saving and environmental protection. (Editor: Jiang Jiong) |
|
|