Main recommendations
The central bank has invested 560 billion yuan in the open market, so don't worry about the funds before the holiday.
The Internet of Things Security Summit Forum will be held soon, and related concept stocks are expected to perform.
Market review
Market comments: the mood is gradually improving, showing a structural market, and selected stocks are involved in the operation.
Macro: The National Development and Reform Commission introduced measures to support direct financing of high-quality enterprises.
Health care industry: the valuation of the pharmaceutical sector has entered a historical low, and the probability of valuation repair has increased.
Futures information
Metal energy: gold 284.65, down 0.05%; Copper 47330, up 0.90%; Rebar 3508, up 0.03%; Rubber 1 17 15,1.21%; The PVC index was 64 15, rising by1.10%; Zheng Chun 2526, up1.04%; Shanghai Aluminum 134 15, up by 0.94%; Shanghai Nickel 93330, up1.73%; Iron ore 5 15.0, up 0.49%; Coke is 2030.0, up1.22%; Coking coal 1244.0, down 0.48%; Brent oil 6 1.48, up 0.94%.
Agricultural products: soybean oil 5562, down 0.04%; Corn 1834, up by 0.94%; Palm oil 4620, up 0.09%; Cotton 15 150, down 0.66%; Zheng Mai 2399, down 0.25%; Sugar 49 18, up 2.67%; Apple 10092, down 0.79%;
Exchange rate: EUR/USD 1. 14, down 0.15%; USD/RMB 6.75, down 0.09%; USD/HK$ 7.84, down 0.0 1%.
Main recommendations
1, the central bank invested 560 billion yuan in the open market, so don't worry about the funds before the holiday.
Event: On June 65438+1October 65438+June 6, the central bank announced that it was still at the peak of tax payment, and the total amount of liquidity in the banking system declined rapidly. In order to keep liquidity in the banking system reasonably abundant, the People's Bank of China launched a reverse repurchase operation of 570 billion yuan by way of interest rate bidding on June 65438+1October 65438+June 6, 1965.
Comments: After the RRR cut on June 5438+05 and released about 540 billion yuan, the central bank launched a large-scale liquidity launch on June 16, and entered the Spring Festival launch season about 20 days earlier. The central bank opened the window of large-scale investment about 20 days before the Spring Festival, and maintained the stability of cross-year funds by combining OMO+ RRR reduction. The reverse repurchase operation includes 350 billion yuan in 7 days and 220 billion yuan in 28 days, and the winning bid rate is stable at 2.55% and 2.85% respectively, because 654.38 billion yuan of reverse repurchase expired that day, achieving a net investment of 560 billion yuan. This is also the largest single-day reverse repurchase conducted by the central bank in the open market, and it has set a record for the largest single-day net delivery of reverse repurchase. In late June, 5438+ 10, it is expected that the central bank will implement a series of liquidity operations, and the "delivery season" before the Spring Festival has officially arrived. Judging from the funds recently released by the central bank through RRR interest rate cuts and reverse repurchase, there is no need to worry too much about the liquidity before and after the Spring Festival, and there is a greater probability that the funds will be smooth across the year.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
2. The Internet of Things Security Summit Forum will be held soon, and related concept stocks are expected to perform.
Event: 20/0/9 The first China Internet of Things Security Summit Forum will be held in Beijing on June 65438+ 10/9. With the theme of "Internet of Everything, Security-oriented", the forum aims to promote the implementation of 5G technology and the construction of the Internet of Things security system.
Comments: A new round of information construction and transformation will bring huge demand to the network security industry. According to the 13th Five-Year Plan of the industry, the revenue target of information security products in 2020 is 200 billion yuan, with an average annual growth rate of more than 20%. At the same time, in the context of economic downturn, the information security industry's strong policy cycle and weak economic cycle have further enhanced its attention. Information security is not only a policy catalyst, but more importantly, with the release of the Cyber Security Law and the National Cyberspace Security Strategy, the information security industry is facing unprecedented development opportunities. At present, China's information security industry is in a period of rapid development. With the continuous improvement of information security awareness of the government, enterprises and individuals, the level of information security needs has gradually penetrated from the national level to the provincial, prefecture-level and even county-level levels. From core business security monitoring to comprehensive business security protection. According to the report "Analysis on the Development Status and Development Trend of Information Security Industry in China in 20 18" released by China Industrial Information Network, China's information security industry investment accounts for about 2% of the total IT investment, which is relatively small and has a large room for industry growth. Driven by the strong network security law, it is expected that the growth rate of the industry will be further improved, and the market scale will reach 76.66438+09 billion yuan by 2020. The information security industry has great expectations in the implementation of policies and regulations, investment cycle, weak periodicity, market space brought by the application of 5G and Internet of Things, market space opened by science and technology innovation board, implementation of self-control, and lifting the concerns of related companies. Suggest paying attention!
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Market review
1, market comments: the mood is gradually improving, showing a structural market, with selected stocks participating in the operation.
On Wednesday, the market fluctuated within a narrow range and the structure of individual stocks continued. On the disk, coal, banking and medical industries were among the top gainers, while ships, precious metals and brokerage trusts fell. The market is characterized by structural differentiation. In the short term, the negative impact of the external stock market and the Sino-US trade war is gradually weakening. The market outlook should continue to pay attention to the timeliness and intensity of national policies to hedge the macroeconomic downturn. In the medium and long term, investors are advised to continue to adhere to the principle of low valuation and excellent performance, and gradually open positions on dips. In the short term, we can pay attention to the investment opportunities brought by event catalysis, and focus on the opportunities in network software, 5G, military industry and other sectors. 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: The National Development and Reform Commission has introduced measures to support direct financing of high-quality enterprises.
20 18 12 12 The National Development and Reform Commission issued the Notice on Supporting Direct Financing of High-quality Enterprises to Further Enhance the Ability of Corporate Bonds to Serve the Real Economy (No.20181806) to support excellent credit, stable operation, industrial structure transformation and upgrading or
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
3. Health care industry: the valuation of the pharmaceutical sector has entered a historical low, and the probability of valuation repair has increased.
The strictest policy of the pharmaceutical industry has passed, and China's pharmaceutical sector is still optimistic in the medium and long term. The current policy changes are conducive to the improvement of market concentration, and the leading target is still the best choice. We believe that there is still room for adjustment in the future procurement policy, and the consistency evaluation is progressing slowly. The slowdown of the generic drug sector may be slower than the very pessimistic forecast of the current market. Under the background of drug structure adjustment, innovative drugs (tumor drugs), biological drugs and high-quality generic drugs still have great room to improve drug penetration. Domestic leading enterprises gradually make up for the slowdown in the stock of generic drugs by obtaining new product approvals, mergers and acquisitions, and product introduction. ?
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)