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Original caption: Brokers fell, Moutai fell, and A shares fell.
Summary
[JufengInvestmentAdvisor:BrokerageFirmsandMoutaAreAllSharesDroppingAIsThereStillAnyPossibility?[AsesordeinversionesdeJufeng:LasempresasdecorretajeyMoutaiestáncayendotodaslasaccionesA¿todavíahayalgunaposibilidad?】ConlarecuperacióneconómicaaceleradaylaabundanciarazonabledeliquidezlalógicadelatendenciadelmercadonohacambiadoDespuésdelDíaNacionalelmercadocreciócontinuamenteimpulsandolapopularidadSehaimpulsadoelestímulodelapolíticayelmercadohaintroducidounimportanteapoyoamedioylargoplazo
Point of view: With an accelerated economic recovery and sufficient and reasonable liquidity,marketThe logic of good has not changed. After National Day, the market grew continuously, driving popularity. Policy stimulus has been boosted and the market has provided significant medium and long-term support. Short-term partial negatives will not affect the rebound trend after the holidays, recommendedinvestmentFollowPositionWait and see, and investors with short and wet positions may continue to consider buying low andAdd warehouse. Additionally,Group of antsComing soon,Market valueOr will exceedKweichow moutaiBecoming the number one stock market in terms of value can also change the current structure of the market.
Throughout the day, the real Maotai crashed and the market panicked. On the afternoon of October 25Kweichow moutaiLiquor Co., Ltd.the companyLaunch Q3 2020report, The report shows,Kweichow moutaiTotal operating income in the first three quarters of 2020 reached 69,574 million yuan,I andAn increase of 9.55%;Net profit33,827 million yuan, an increase of 11.07% year-on-year.
Kweichow Moutai’s third-quarter revenue was 23,262 million yuan, an increase of 8.46% year-on-year, and its net profit was 11,225 million yuan, an increase of 6.86% year-on-year. In the second quarter of this year, the income of Kweichow Moutai andNet profitGrowth has fallen to double digits, only in the third quarter of Kweichow MoutaiPerformanceIn terms of growth rate, compared to the second quarter, it fell slightly again.This may be the main reason for Moutai’s decline that day, and behind this, it is also mainly due to the funds being looking at performance. After all, it is also the current institutional capital adjustment.Stock exchangeThe moment.
In fact, for investors, there is no need to blindly deny it due to the short-term slowdown. From a long-term perspective, Kweichow Moutai’s profitability remains very strong, which is also the foundation for long-term good. And if you look back at Kweichow Moutai over the last three years, you will find that, in fact, the growth rate of the third quarter yield was not as fast as expected, which also caused a short-term drop in prices of stocks, but then stock prices invariably hit new highs. This also shows that if you are dealing with a long-term investment, you should not look at the short-term slowdown in this quarter. And if it is a short-term investment, then the gradual evasion of performance still needs attention;
In fact, the current market trend is not just about Kweichow Moutai, because the equities sector also plummeted throughout the day.Everbright ValuesIt also ushered in the lower bound, and the recent drag in the market by financial stocks is also suffocating. Not only that, before.White horseThe collapse of China has already put the market to shame, and frustration from Kweichow Moutai and equity stocks has caused many investors to complain.
Formerly, high-level technology, medicine,consumptionThe “Baotuan shares” have fallen and the procyclical sector has strengthened. This aspect is related to the performance of the third quarter report. After all, many Whitehorse stocks are below expectations and sudden bad news, which has a relatively large impact; on the other hand, it is also an important factor in the transformation of market styles. . Behind the change in style is the change in the driving force of the market, that is, the process of transforming the driving of liquidity into the driving of performance. This also leads to the tendency for funds to undervalue the target. Overall, the returns from the structured market for medicine, consumerism and technology are extremely high. In the fourth quarter, institutions are lookingcompany achievementsAdjust the positions, as long as the fundamentals change slightly, the bottoms will loosen easily, causing a stampede.
However, in regards to the recent situation, the concentration of diving in the White Horse populations has appeared, to some extent, it is also the release of the concentration of short-term risks. For the setting, it also means the end. So there shouldn’t be excessive pessimism here, after all, market fundamentals are stable, liquidity is reasonable and plentiful, and the policy tilt is relatively large. In fact, short-term consolidation is also a better time to buy cheap.
In terms of opportunities, from the fourth quarter to the first quarter of next year, procyclical related fieldscompanyYield is expected to varyto get betterTherefore, the current focus on procyclicality can be strengthened. From the perspective of certain recovering industries, auto, non-silver, building materials and chemicals are good targets. Of course, emerging technologies are also a matter of concern, such as new energy vehicles,Digital economyWait. In addition, for the market of three quarterly reports, it is also optional for investors. Since the third quarterly report,Institutional chargesTrends emerged. The data shows that high-yield stocks in popular industries such as technology and medicine remain the target of various institutions, and as of the end of the second quarter of this yearPublic offerbackgroundCompared to heavyweight stocks in the third quarter, biomedicine, electronics, chemical industry, national defense, and military became the industry sectors where a lot of funding was concentrated. Therefore, including previously adjusted pharmaceutical stocks, it is actually possible to focus on, after all, the logic of long-term development has not changed, and the driving force for long-term development still continues.
(Source: Jufeng Finance)
(Responsible editor: DF515)
I solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this booth.
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