Summary of this issue
Financial News Selection
How popular are A-shares? Last year, there were 18 million new investors. Who is running to enter the market?
Central Bank: Non-bank payment institutions are not allowed to engage in unfair competition
What are the characteristics of the recent cluster of epidemics? The National Health Commission pointed out three points
The fund’s quarterly reports gradually disclosed: Star fund managers are generally cautious and pay more attention to liquidity conditions
How crazy! Private placement sales also exploded: the daily limits of 10 billion and 5 billion were instantly sold out! The great era of equity investment is here!
Market Hot Spots
Market Comments: Under the recovery of fundamentals and abundant liquidity, the positive logic remains unchanged in the medium term, focusing on cost-effective varieties
Macro Perspective : Huawei releases IoT commercial chips, and industry development is expected to accelerate
Game industry: Performance forecasts are released one after another, and profits in the game industry generally increase
New stock subscription tips
Bank of Chongqing , subscription code 780963, subscription price 10.83 yuan;
Kangzhong Medical, subscription code 787607, subscription price 23.21 yuan;
Key stock recommendations
See "Early Trading "Viewpoint" full version (monthly customization path: Discovery - Information - Information Products - Information - Early Trading Viewpoint; single article customization path: Discovery - Gold Medal Stock Appraisal - Early Trading Viewpoint)
Financial News Selection
How popular are A shares? Last year, there were 18 million new investors. Who is running to enter the market?
Investors continue to run into the stock market. Data released by China Securities Clearing Company on January 19 show that the number of new investor accounts in December 2020 was 1.6218 million, a year-on-year increase of 100.39%; at the same time, the two financial institutions The monthly growth rate of accounts has slowed down. In December 2020, the number of new investors opening credit securities accounts was 45,400, a decrease of 2,000 from the number of new credit accounts in the previous month. In 2020, investors' favor for the capital market has increased significantly. According to statistics, the number of new investors throughout the year was 18.0225 million, an increase of 36% compared with the total number of new investors in 2019. As regulations continue to release favorable policies on financing and financing, the balance of Shanghai and Shenzhen financing increased by 60% in 2020, and the number of financing accounts opened increased by approximately 500,000.
Central Bank: Non-bank payment institutions are not allowed to engage in unfair competition
The People’s Bank of China said that non-bank payment institutions failed to follow the principles of safety, efficiency, integrity and fair competition, seriously affecting the payment service market. If it develops healthily, the People's Bank of China can recommend to the State Council's anti-monopoly law enforcement agency to take measures such as stopping the abuse of market dominance, stopping the implementation of concentration, and splitting non-bank payment institutions according to the type of payment business. It is emphasized that reserve funds do not belong to the own property of payment institutions, and payment institutions are required to deposit reserve funds in the People's Bank of China or a commercial bank that meets the requirements, and clarify the accompanying prudential regulatory measures to fully protect the rights and interests of users.
What are the characteristics of recent cluster epidemics? The National Health Commission pointed out three points
Wang Bin, inspector of the National Health Commission's Disease Control and Prevention Bureau, introduced that a preliminary review and analysis of the clusters of epidemics that have occurred since December found that these clusters of epidemics have the following Three characteristics: First, most of these epidemics are caused by overseas immigrants or contaminated imported cold chain items. Some are caused by inadequate management of isolation places and protective measures for workers who come into contact with cold chain items. Failure to do so is also an important reason for the epidemic. The second characteristic is that these epidemics have spread to rural areas. The epidemics in places like Shijiazhuang, Hebei, and Suihua, Heilongjiang all occurred in rural areas. The third characteristic is that the scope of the spread is relatively wide and the speed of spread is relatively fast, so it is more difficult to deal with it.
The fund’s quarterly reports gradually reveal: star fund managers are generally cautious and pay more attention to liquidity conditions
The fund’s quarterly reports gradually reveal the latest position adjustment paths of fund managers in charge of tens of billions of funds , the market outlook operation strategy surfaced. Overall, star fund managers are generally cautious about this year's market conditions and pay more attention to liquidity, but some fund managers are more optimistic about the market conditions in the first quarter. Judging from the position structure, many star fund managers have reduced their positions in some new energy targets that have experienced relatively high gains in the early stage. In addition, many fund managers are optimistic about technology, consumption, medicine, military industry, etc. and have increased their positions. Industry leaders are still the focus of everyone's allocation. target.
That’s crazy! Private placement sales also exploded: the daily limits of 10 billion and 5 billion were instantly sold out! The great era of equity investment is here!
While public funds sold hundreds of billions of subscriptions, private equity sales also became popular at the beginning of the year. It is understood that in January this year, many well-known tens of billions of private equity funds such as Ningquan Assets, Danshuiquan Investment, Gaoyi Assets, Zhengxingu Capital, Qianhe Capital, Shifeng Assets, and Panjing Investment were selling well in the channel. If there is a private placement channel, 10 billion will be sold, and the fundraising will end early; if there is a private placement quota subscription, nearly 5 billion will be raised in one day through two channels; even high-quality private placement products worth tens of billions will be sold out instantly through the channels. Private equity believes that multiple factors have created a great era of equity investment, and excellent managers will have stronger pricing power in the future.
It is worth noting that strong channels such as CITIC Securities, Industrial Bank, and Ping An Bank are also actively developing private placement sales business this year. Since the beginning of the year, the scale of private placement sales through some channels has exceeded 10 billion. According to industry insiders, there are several main reasons: first, there is no shortage of funds in the market; second, investors are optimistic about A-shares in the long term; third, excellent managers have emerged and have performed well in the past two years; fourth, channels have seized the opportunity to make efforts .
(Investment consultant: Lin Xurui, practicing certificate number S0260615100004)
2. Market hot spots
Market comments: With the recovery of fundamentals and sufficient liquidity, The logic of improvement in the medium term remains unchanged, focus on cost-effective products
All major A-share indexes rebounded in shock on Wednesday. As of the close, the Shanghai Index rose 0.47% to close at 3583.09 points; the Shenzhen Component Index rose 1.46% to close at 3583.09 points. 15223.36 points; the GEM index had a strong trend, closing up 3.90% to 3204.93 points. Market trading volume shrank, with the two cities’ total turnover reaching 915.6 billion yuan. Looking at the market, nonferrous metals, automobiles, and new energy sectors led the gains, while insurance, banking, and real estate sectors led the declines. Some group stocks resumed their upward trend. Industry sectors have seen mixed gains and losses. Taken together, the market is still a structural market. Judging from the market's trading activity, trading volume shows that the sentiment in the market is still relatively positive, and the overall risk level remains high. It can be seen that under the accelerated recovery of economic fundamentals and reasonable and abundant liquidity, the market will be positive in the medium term. Still nothing has changed. The operational strategy can still be maintained moderately positive, and the overall stock selection ideas will shift to high cost-effective products. It is recommended to pay appropriate attention to undervalued blue-chip and oversold technology stocks that make up for gains, as well as varieties with substantial pre-increases in annual report performance, focusing on new infrastructure, chemicals, securities firms, new energy, electronics, etc. There are risks in the stock market, so investment needs to be cautious.
(Investment consultant Gu Zhixiong registered investment consultant certificate number: S02606611020066)
Macro perspective: Huawei releases IoT commercial chips, industry development is expected to accelerate
Event: According to According to reports, Shao Yang, chief strategy officer of Huawei's consumer business, revealed at the Shanghai AWE exhibition that Huawei's Lingxiao chip will be launched this year. This is a commercial chip specially developed for IoT.
Comment: According to estimates, the overall NB-IoT network construction market size is expected to reach 100 billion by 2020, driving the overall revenue of the Internet of Things. It can be seen that the relevant news is released, and it is expected to have an impact on domestic alternative software, especially involving Huawei. Relevant industrial chains will bring greater investment opportunities, and it is recommended to focus on tracking them.
(Investment consultant Gu Zhixiong registered investment consultant certificate number: S02606611020066)
Game industry: Performance forecasts have been released one after another, and the profits of the game industry have generally increased
Event: Data It shows that as of January 19, 43 gaming and media companies have announced their 2020 performance forecasts. Among them, 7 companies did not clearly disclose the increase or decrease in performance, and 18 of the remaining 36 companies expected that their performance would increase.
Comment: From the overall industry perspective, gaming and digital marketing companies are still the biggest bright spots in the industry. Affected by the epidemic, the number of online game users surged in the first half of last year. The brilliant performance of game companies was reflected in the 2020 semi-annual report and third quarterly report, and this trend has continued to the whole year of 2020. As the spring market deepens, the short-term market driven solely by liquidity to boost valuations will gradually weaken, and will eventually turn to be driven by profit recovery. After all, making money from corporate profit growth is the most stable and reliable. It is recommended to focus on stocks with expected performance growth.
(Investment consultant Gu Zhixiong registered investment consultant certificate number: S02606611020066)
3. Recommendation of key stocks
See the full version of "Morning Viewpoint" (customized on a monthly basis) Path: Discovery-Information-Information Products-Information-Early Trading Viewpoint; Single article customization path: Discovery-Gold Medal Stock Appraisal-Early Trading Viewpoint)