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The Gold Stock List for the last month of 2020 is here, so don’t rush to pick it up!
Sun yue
In November, the Shanghai Composite Index was driven by large financial and procyclical activities, and the price-earnings ratio was near the highest point since 2018. Looking back at the performance of gold brokerage stocks in November, it is also remarkable.
Chuancai Values,Everbright Values、Guoyuan ValuesThe other 10 runners had positive returns. Among them, Chuancai Securities’ gold stock portfolio rose 15.64% and ranked first, and among the ten gold stocks, four stocks rose more than 30%.
In terms of individual stocks, recommended by brokers.Aoyang Shunchang、Western mining、Changan car、ArowanaMonthly earnings from other stocks exceed 50%.
Starting in December, in which sectors did gold brokerage stocks increase their positions? Several brokerages stated that they will continue to add to the cyclical sector at the current time, and as the preferred deployment style in December, they will focus on the large financial, chemical and non-ferrous sectors.
December “gold stocks” focus on procyclical rotation
In December, some brokerages kept a very steady pace in recommending gold stocks, with many brokers strongly recommending the procyclical sector.
Bank of China securitiesIt is believed that the current time should be determined to continue increasing the cyclical sector as the preferred style for the December configuration. In terms of specific allocation, investors seeking stable absolute returns will take the large pro-cyclical financial sectors as their first choice; Investors pursuing flexible relative returns, strong cyclical resources and transaction operations are recommended as your first choice for allocation.
According to statistics, more than two securities companies recommended a total of 11 gold stocks at the same time. Among them, individual stocks in the non-bank financial sector have received the most attention from brokers.Ping An from ChinaBy Chuancai Securities, Everbright Securities, Yuekai Securities, Guosheng Securities,The Pacific Ocean5 recommended securities companies at the same time,China Pacific InsuranceAlso recommended by 4 runners at the same time.
Regarding the next market trend, Pacific Securities believes that the maintenance of the above fundamentals and foreign investment will support the judgment of the A shares on the rise. Although the year is approaching, investors have a “guaranteed return” mentality and the behavioral margins of the capital game have increased, but the increase in market volatility in the short term will not change the optimism in the medium term. In terms of setup, Pacific recommends focusing on procyclical rotation and maintaining a balanced style.
Yuekai Securities also believes that pro-cyclical sectors benefiting from the economic recovery may continue to be favored by funds, such as chemicals, non-ferrous metals, securities companies and automobiles. In addition, the end-of-year assessment of the institutions is coming to an end, and many institutions have adjusted their positions. For the profitable performance of the sector this year, they are ready to be deployed next year. Pay attention to products with high prosperity, such as leading products such as semiconductors, military industry and new energy vehicles.
The most optimistic gold stocks rose more than 50% last month
Resuming the behavior of gold brokerage stocks in November, the stock that rose the most was Aoyang Shunchang recommended by Chuancai Securities, with a monthly increase of 56.62%.
Chuancai Securities believes that the epidemic has some adverse impact on the company’s lithium battery business operations, with production and sales in the first half of the year lower than expected. However, the downstream power tool market is active and the company has full orders, and its performance is expected to increase steadily.
In terms of sectors, the top ten stocks with monthly gains are mainly distributed in low valuation procyclical sectors such as non-ferrous metals, mining, steel and chemicals. Western Mining, Changan Automobile, Arowana and other stocks rose more than 50%.
From the perspective of brokerages, the performance of the Chuancai Securities portfolio in November was outstanding, with a return rate of 15.64% for the gold equity portfolio. So far this year, the brokerage’s total return on the gold equity portfolio was 74.24% and the excess return was 52.66%.
Chuancai Securities believes that December can unfold in four directions. One is low-valuation and pro-cyclical sectors such as coal and steel, which are performing well and expected to see small gains; the second is the optional consumption represented by tourism, transport, hotels and restaurants; the third is represented by banks In the financial sector, the expectation of continuous improvement in performance from the third quarter to achieve fundamental improvement has gradually become clear, and the banking sector may usher in a turning point in Performance; the fourth is the real estate sector. The real estate sector, as a pro-cyclical sector, has seen a small overall increase this year, but the overall valuation is low and there is a playing opportunity at the end of the year.
Sina Statement: This news is a reprint of Sina Cooperative Media Posting this article on Sina.com for the purpose of conveying more information does not mean that I agree with their views or confirm their description. The content of the article is for reference only and does not constitute investment advice. Investors trade accordingly at their own risk.
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