I heard a lot of macroeconomic analysis and investor psychology on the Internet, so many investors are talking about this topic every day. In fact, it is meaningless to discuss such a role, so today Bian Xiao is here to sort out the fundamental analysis of stock investment. Let's take a look!
Analysis template of stock investment fundamentals
Fundamentals are simply the basic situation of listed companies, which can be divided into macro status quo, industry status quo and micro status quo (enterprise status quo) if it is to be refined. Generally speaking, we will analyze the fundamentals in this top-down way. Of course, different analysis methods have different emphases.
Gransang is more important than the macro status quo, and its core lies in the periodic fluctuation of macro-economy, which leads to the return of enterprise value to the average value; Buffett pays more attention to the micro-situation, the core of which lies in the periodic fluctuation of stocks, which leads to the return of stock prices to their intrinsic values.
Macro-current situation, mainly analyzing the current macro-economic situation in China, which I have been introducing to you some time ago. We can start from two aspects. The first aspect is rational, such as GDP, CPI, PMI, M2, exchange rate, total net export value and so on. At the same time, it refers to whether the central bank's monetary policy is tight or loose.
The second aspect is the emotional aspect, such as the recent consumption situation, employment situation, profit difficulty and salary situation. You don't need to check the data, you can draw a conclusion that is closer to life by looking at the people around you. From these two aspects, we should be able to make a preliminary judgment on the current macroeconomic situation.
Industry status quo, to invest in a company, we must first understand the industry it belongs to. Any industry has its own life cycle, and we should be able to judge which stage of the cycle this industry belongs to. If you don't know the life cycle of the industry, you can refer to the figure below. Of course, not all enterprises are generalized. Many enterprises will seek transformation in the mature period of the industry. If the transformation is successful, the life cycle of the enterprise will be extended.
Micro-state, that is, the operating conditions of enterprises. As I said at the beginning, it is not practical to analyze the current situation of enterprises in some complicated and incomprehensible ways. Many people say that value investment doesn't work in our country. If we take this kind of thinking, we will lose money by investing in any country. Good investment ideas are not copied mechanically, but applied according to the actual situation of the market. I hope everyone can be a smart investor.
What are the stocks with good fundamentals?
First, Fuyao glass. Fuyao Glass's main business is to provide all solutions for safety glass and auto parts for various vehicles. The company previously released the first quarter report of 202 1. During the reporting period, the company achieved an operating income of 5,705,966,779 yuan, a year-on-year increase of 36.82%. The net profit attributable to shareholders of listed companies was 855,254,275 yuan, up 85.94% year-on-year.
Second, Fangda Group. Fangda Group strives for perfection, adheres to the road of scientific and technological innovation and solid development, and takes the intelligent curtain wall and materials industry and rail transit screen door system industry as industry benchmarks. The company previously released the first quarter report of 202 1. During the reporting period, the company achieved an operating income of 643,347 yuan 177.89 yuan, a year-on-year increase of 55.46%.
What is the function of stock fundamental analysis?
The stock fundamentals can help investors predict the possible hidden dangers in the future market or stock adjustment, and also help investors explore the development potential of the market or stock. Among them, the national macro-economy includes economic development trends and macro-policies, which are closely related to the stock price and market trend of the A-share market.
Industry background includes: the development degree of the industry, etc. If the industry has a greater degree of development and space and is highly valued by the state, then the stocks of the industry sector will be driven up by the sector. For example, the securities industry has been paid attention by the state, and policies have been frequently introduced to promote the development of the securities industry and increase the development space of the securities industry. This will promote the rise and development of securities stocks, and securities stocks in the market will also be sought after by investors.
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