Main recommendations
CBRC: Encourage insurance funds to increase their holdings of listed companies and maintain the stability of the capital market.
The off-season is not weak, and the price of chicken seedlings has continued to rise since the beginning of the year.
Market review
Market Comments: Operationally control the position rhythm, appropriately light the index, emphasize individual stocks, and choose low-priority layout.
Macro perspective: In 2065,438+08, the profits of industrial enterprises above designated size increased by 65,438+00.3%.
Iron and steel industry: the industrial chain is booming, and the inventory is expected to continue to rise.
Futures information
Metal energy: gold 285.75, up 0.88%; Copper 47520, up 0.53%; Rebar 3643, down 0.90%; Rubber 1 1650, down 0.94%; The PVC index was 6455, down1.45%; Zheng Chun 2460, down 2.54%; Shanghai Aluminum 13500, down 0.22%; Shanghai Nickel 95 1 10, up by 0.58%; Iron ore 552.0, up 2.70%; Coke 2035.0, down 0.66%; Coking coal 1233.5, up 0.16%; Fiberboard 64.25, down 3.24%; Brent oil was 60.0 1, down 2.52%.
Agricultural products: soybean oil 5802, up1.75%; Corn 186 1, down 0.21%; Palm oil 4848, up1.42%; Cotton 15370, up by 0.29%; Zhengmai 2407, down 0.12%; White sugar 4985, down 0.87%; Apple 1026 1, up 0.61%;
Exchange rate: Euro/USD 1. 14, up by 0.15%; USD/RMB 6.74, down 0.02%; USD/HK$ 7.85, up 0.0 1%.
Main recommendations
1, CBRC: encourage insurance funds to increase their holdings of listed companies and maintain the stability of the capital market.
Event: On October 28th, 65438/KLOC-0, China Banking Regulatory Commission spokesperson Xiao said in an interview with the media that in order to give full play to the role of institutional investors of insurance companies and maintain the stable and healthy development of listed companies and capital markets, the Banking Regulatory Commission encouraged insurance companies to use long-term account funds to increase their holdings of stocks and bonds of high-quality listed companies, broaden the investment scope of special products and increase the landing intensity of special products.
Comments: Xiao's remarks revealed several important signals. One is to allow special products to resolve the risk of equity pledge of listed companies through brokerage asset management plan and trust plan. The second is to increase the financial and strategic investment of insurance funds in high-quality listed companies and support the long-term value investment of insurance companies. The third is to broaden the investment scope of featured products and increase the landing intensity of featured products. There will be more special products that can invest in the stocks of listed companies in the future. As an important force in the capital market, insurance funds have always been concerned by all parties in the market. Measures such as encouraging insurance funds to increase their holdings of stocks and bonds of high-quality listed companies of CBRC are conducive to increasing long-term funds in the stock market, boosting market confidence and improving the expected rate of return of insurance funds, killing two birds with one stone. At present, the scale of insurance funds is huge, and there is demand for investment allocation, which is an important force in the capital market. As long as it operates in a legal and compliant manner and is not used as a tool for predators to manipulate, it will stabilize the long-term capital cornerstone of the stock market.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
2. The off-season is not weak, and the price of chicken seedlings has continued to rise since the beginning of the year.
Event: It was learned from many industry organizations such as Chicken Raising Network that the price of commercial chicken substitute was 4.55-5.05 yuan/feather on June 2 this year, and it rose to 6. 1-6.5 yuan/feather on October 27, 65438, with a monthly increase of less than 30%. In addition, it was learned from the poultry industry association that the price of parent-child chickens reached nearly 63 yuan/set in the first ten days of June 5438+/kloc-0, continuing the upward trend of shock. (Shanghai Stock Exchange)
Comments: Recently, driven by factors such as supply and demand, the price of hairy chickens fluctuated at a high level, and the price of chickens continued to rise and hit a new high in recent seven years. Due to the outbreak of avian influenza in France, the United States and other major importing countries this year, the market expects that the low introduction probability will continue in 20 19, the supply of breeder chickens will continue to decline, and the supply of the industry is tight. At present, the price of chicken seedlings remains the highest since 20 1 1 year, indicating that farmers are optimistic about the post-holiday market, and the first reason is insufficient supply. Since 20 18, African swine fever and other factors have led to a sharp decline in pig sales, which has brought about an alternative demand for chicken. It is expected that the prosperity of poultry industry will continue this year, and the price in the first half of the year will be greatly improved compared with the same period of last year. Investors are advised to pay attention to poultry enterprises in the whole industry chain.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Market review
1, market comment: control the position rhythm in operation, appropriately light the index, emphasize individual stocks and choose the lowest layout.
Affected by the news that the CSRC changed coaches over the weekend, the three major A-share indexes fell sharply on Monday, and collectively closed down slightly. The Shanghai Composite Index fell below 2,600 points. On the disk, the gold, aviation and brewing sectors were among the top gainers, while most stocks such as gardens, chemical fibers and communications fell. In the short term, as the Spring Festival approaches, investors' overall pursuit of high sentiment declines, and there is no concentrated hot spot in the session. This also exposes the hidden dangers in the current market. Therefore, there is great uncertainty in taking the initiative to add positions before the holiday. Under the risk, it is suggested to avoid high-purity theme varieties in the near future, and low-priced and low-valued varieties are relatively stable. In view of the recent acceleration of the layout of foreign capital, investors can pay attention to low-level blue chips, rational layout, pay attention to position and rhythm control, appropriately light the index in operation, emphasize individual stocks, and choose low and preferred layout. The stock market is risky, so you need to be cautious in investing.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
2. Macro perspective: In 2065,438+08, the profits of industrial enterprises above designated size increased by 65,438+00.3%.
In 20 18, the total profits of industrial enterprises above designated size in China reached 663510.40 billion yuan, an increase of10.3% over the previous year. 20 18 February, the total profits of industrial enterprises above designated size nationwide reached 680.83 billion yuan, down 1.9% year-on-year, and the decline rate was 0. 1 percentage point higher than that in 10.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
3. Steel industry: The industrial chain is booming, and the inventory is expected to continue to rise.
Social inventory continues to rise, and steel mill inventory remains low. Influenced by a series of preferential policies for winter storage issued by steel mills, rising futures prices and firm short-term spot prices, the industrial chain sentiment gradually picked up, the willingness to store in winter rose slightly, and the inventory was gradually transferred from steel mills to traders, showing a pattern of slight increase or decrease in factory inventory and an increase in social inventory. At the same time, due to the insufficient supply of scrap steel in winter, some electric furnace factories replenish their warehouses, and the price of scrap steel remains high, which supports the spot price. With some leading steel enterprises publishing the announcement of pre-increase in annual report performance and overlapping high dividend expectations, steel stocks run strongly in the short term.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)