[ad_1]
For stocks, see Golden Unicorn’s authoritative, professional, timely, and comprehensive analyst research report to help you seize potential thematic opportunities.
Hong Kong shares rose first to the A-share insurance sector, and the market value increased by more than 84.4 billion yuan on the first day after the holidays. There are five investment logics behind the increase
Source: Voice of Securities Daily
Daily original values
Investors who have seen Hong Kong stocks take the lead in “opening up” the insurance sector with bright spots have also gained a lot in the A share market today.
On February 18, the A-share insurance sector index rose 4.06% and the single-day market value increased by 84.441 million yuan. The seven constituent stocks of the sector were all red.China Pacific InsuranceLeading earnings, with an increase of 5.06%, followed byXinhua insuranceIt also rose 4.16%, in addition,Ping An from China、Life insurance in China、Xishui StockAnd other stocks also rose more than 3%.
Although the long Spring Festival holidays are a challenging time for the market, both the internal and external environment during these holidays show many positive phenomena.
Regarding the investment rationale behind the current collective surge in insurance stocks, a Securities Daily reporter found that when comparing the opinions of industry insiders, it comes primarily from five aspects:
First, there is a demand for complementary growth.
In the context of the recent rebound in the A-share market, the insurance industry has undergone some adjustments and the risk-return ratio of the insurance industry has become more attractive. In an interview with a Securities Daily reporter, Liu Youhua, research director for private equity ratings, said that the rise in insurance stocks lags far behind other stocks, and even the recent decline has been huge, and there is a demand for a strong rebound.
Second, Hong Kong stocks gained momentum earlier than expected.
On February 16, Hong Kong stocks took the lead in the “opening.” ZhongAn Online, the leading national insurance technology stock, topped the Hang Seng technology index with a 32% gain in one day, and its market value exceeded HK $ 100 billion, setting a new record in almost three years in one go The insurance sector continued to grow. Yuan Huaming, CEO of Huahui Chuangfu Investment, said in an interview with the “Securities Daily” reporter that the initial performance of Hong Kong’s equity insurance sector has a boosting effect on the insurance sector of the A-share market today. .
Third, the fundamentals have improved significantly.
In 2020, due to the impact of the epidemic, the performance of insurance stocks has decreased, but entering 2021, based on the opening data of the main insurers in January, it can be seen that the flexibility of the performance of insurers has started to decline. recover, and the development of major companies has been fully developed. On the way, “Liu Youhua told reporters.
Fourth, the certainty of performance is outstanding.
Gecko Capital Fund manager Chen Wen said in an interview with a Securities Daily reporter that the epidemic has increased people’s awareness of disease prevention and, at the same time, has spurred improvement in the purchasing power of individuals. residents, which will drive the improvement of insurance companies. ‘ performance.
Yuan Huaming, who holds similar views, also told reporters that the transition of the national economy towards transformation driven by consumption, urbanization, aging and the steady increase in insurance penetration are conducive to development. medium and long term of the national insurance industry. and the upward performance of the stock market will also improve insurance The return on investment of the industry, along with the increasing concentration of the insurance industry, several major insurance companies with certainty of outstanding performance and attractive valuations deserve special attention.
Fifth, you are in a value depression.
In the case of insufficient new funds, the market tightening strategy remains to profit from high-position stocks and enter the low-valuation arena. Chen Wen believes that after getting better returns in 2020, investors have also started to consider risks and look for depressions in value, which has created a demand for the allocation of insurance sectors.
In fact, under the linkage of A and H, the enthusiasm for capital long in insurance stocks continues.
According to reporters from “Securities Daily”Color ladderStatistics found that on February 18, the A-share insurance sector had a net inflow of 1.733 billion yuan in large orders. Ping An, Xinhua Insurance, China Life,PICCFour other insurance stocks showed a net inflow of funds for large orders. Among them, Ping An from China ranked first, with a net inflow of 1.596 million yuan, the net inflow of funds from Xinhua Insurance for a large order was 106 million yuan, and China Life and popular insurance of China had a net inflow of funds. Net inflows were 50,433,700 yuan and 14,591,100 yuan, respectively.
Gao Chao, chief non-bank finance researcher at Kaiyuan Securities, said in an interview with a Securities Daily reporter: “From a value perspective, fundamentals, market expectations and valuations of the insurance industry are on the side. lower stage in history. With deepening transformation and continued economic recovery, the industry is expected to gradually enter the recovery cycle, and we are optimistic about the opportunities for valuation restoration of major insurance companies. “
Table: Summary of the evolution of the insurance stock market on February 18
Watchmaking: Wu Shan
Statement of Sina: Sina.com publishes this article for the purpose of conveying more information and 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 operate accordingly at their own risk.
Disclaimer: The content provided by Wemedia is derived from Wemedia and the copyright belongs to the original author. To reprint, contact the original author and obtain permission. Opinions in the article represent the author only, not Sina’s position. If the content involves investment advice, it is for reference only and should not be used as an investment basis. Investing is risky, so be careful when entering the market.
Massive information, accurate interpretation, all in the Sina Finance APP
Editor in Charge: Yang Hongbu
