For steel plates, relevant researchers believe that:

1, the fundamentals are good: the profit is expected to continue to improve in the next three quarters. It is estimated that the profit of iron and steel enterprises will increase by 10% ~ 15% in June 5438+0 1 month, the benefit cost will decrease by 20%+, and the steel price will increase by 1 month in February. The profit growth rate in the fourth quarter is expected to exceed 30%, and continuous improvement is a high probability.

2. Low valuation+some high dividends, and the valuation repair can be expected. The PE of mainstream steel enterprises 20 17 is generally 6~8 times, and 20 18 is 4~7 times. Baoshan iron & steel, Fangda Special Steel and other high-quality companies can expect high dividends, and the dividend yield can reach 5%~ 10% over the years, which will usher in the logic of valuation repair and value return.

3. There are three major catalysts in the follow-up: the inventory continues to accelerate and decline, hitting the lowest point since 2009; The phenomenon of market shortage and lack of specifications is widespread, and there is a large room for spot growth; Futures discount 300 yuan/ton, with a high probability of recovery. Based on the above three points, investors are advised to pay attention to Bayi Iron and Steel, *ST Valin and Xingang, as well as baoshan iron & steel, shougang shares, Angang Steel and Taigang Stainless, which have low valuations.

There is also a friend named Zhu Enhao who thinks about the next wave of steel market, and also analyzes the news of the whole industry and buys stocks in detail.