In addition, local support policies are also being introduced one after another. For example, Heilongjiang stated that for the wholesale and retail, accommodation and catering, logistics and transportation, cultural tourism and other industries tStock trading simulatorhat have been greatly affected by the epidemic, banking institutions must not blindly draw, cut off loans, or suppress loans. ; At the same time, for companies that are severely affected by the epidemic that have difficulty repaying their loans when they are due, they can be extended or renewed.
Configure from the following directions: Technological growth: Layout of new infrastructure, focusing on high-certainty sectors. Cycle sector: waiting for policies to be released one after another. The consumer sector can begin to pay attention to the logic of valuation restoration. With the basic control of the domestic epidemic, there are opportunities to make up for consumption. Online consumption, home consumption, food and beverage and other related industries deserve special attention. Some high-quality consumer goods companies that have been mistakenly killed are also the same There is an opportunity to make up for the increase. The real interest rate decline brought about by the Fed's large-scale easing, the dollar turning point, gold has medium and long-term opportunities.
Judging from the recent increase of leveraged funds in these 10 stocks, according to the analysis of the Financial No.1, 4 stocks are ranked top 10 in the amount of money purchased by financiers on GEM stocks, namely Oriental Fortune and Ningde Times , Mindray Medical, and Wen's shares were purchased for 38.3 billion yuan, 15.6 billion yuan, 11.2 billion yuan, and 9.1 billion yuan respectively, and the total amount of purchases reached 75.1 billion yuan. See the table below for details:
On August 12, the A-share market continued to adjust. The low-valuation sector was relatively resilient. The transportation, banking, and real estate sectors experienced relatively small declines. Some of the previously popular sectors such as military industry and non-ferrous metals have undergone large adjustments. The A-share market has continued to fluctuate and adjust recently. Some public funders believe that the economic recovery continues and there is no need to worry too much about the market outlook at present, but we must pay attention to the liquidity situation. In terms of sector selection, the procyclical sector has become the focus of many institutions.
From the perspective of market performance, from the start of the market on June 15 to last Friday (July 10), under the dual blessing of performance and valuation, the average growth rate of the above 96 shares in the range of 224% significantly exceeded the rest of the mainland stocks. Constituent stocks (up 128% on average during the period).
On October 8, the new mortgage interest rate policy based on LPR was officially implemented. Since the 5-year LPR level announced on September 20 is the same as the previous valStock trading simulatorue, according to the new housing loan policy, the interest rate of the first home loan is no less than 85% and the second home loan is no less than 45%. However, as far as it seems, the deployment in first-tier cities has not been completed. Even if the LPR is linked, the adjustment range is very limited, and the impact on lenders is minimal. In the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen, 10 of the 23 banks in Guangzhou adopted the LPR quotation method, accounting for 45%. In Beishang and Shenzhen, only a few banks’ home loans have not changed their anchors.
On April 7, the Financial Stability and Development Committee of the State Council held its 25th meeting to summarize the recent progress in financial support for epidemic prevention and control and economic and social development, deploy key tasks in the next phase, and propose to guide credit resources to more support more affected by the epidemic. Large, medium, small and micro enterprises and private enterprises should give full play to the pivotal role of the capital market and prevent overseas risks from being transmitted to China.
On the 6th, the two cities rebounded in shock. Shenwan's first-level communication industry index rose 43%, ranking first among 28 first-level industry indexes. This week, Shenwan's first-level communications industry index has risen by 129%, ranking first in the industry. Recently, the technology market is developing in depth, and the communications sector is particularly concerned by the market. For the communications sector, analysts said that in the second half of 2019, 5G dividends are expected to land. The number of 5G base stations is expected to further increase, and operators are also expected to start centralized procurement of main equipment in the fourth quarter of 2019. Equipment vendors will usher in an increase in domestic orders for 5G base stations. Corresponding upstream suppliers benefit from the continuous increase in 5G-related products and will also usher in a corresponding business growth cycle. 5G enhances the prosperity of the communications industry. According to statistics from Zhongtai Securities, in the first half of 2019, the communications industry as a whole achieved operating income of 46.64.4 billion yuan, a year-on-year increase of 7%, excluding ZTE (3490, 84, 27%) and China Unicom (190, 0.16, After 65%), the total industry revenue was 2.7781 billion yuan, a year-on-year increase of 5%; in the second quarter of 2019, the communications industry as a whole achieved operating revenue of 239.098 billion yuan, a year-on-year increase of 3%. After excluding ZTE and China Unicom, the total industry revenue was 14,484 100 million yuan, an increase of 2% year-on-year. Zhongtai Securities stated that with the issuance of 5G commercial licenses, operators are actively carrying out 5G construction, and capital expenditure has bottomed out. However, due to external factors, the overall industry growth rate is still slow. Specifically, the profitability of the Internet of Things segment has accelerated growth, and the net profit in the first half of 2019 increased by 61% year-on-year; the wireless radio frequency segment's revenue and net profit have increased simultaneously; the gross profit margin of the main equipment business segment has improved significantly, and the industry status is quietly changing. In the first half of the year, the gross profit margin of the main equipment supplier sector was 317%, a year-on-year increase of 65%, mainly due to the increase in 5G capital expenditure. In terms of capital expenditure, according to the 2018 financial report disclosed by the operators, the capital expenditure of the three major operators in 2019 is 302.9 billion yuan, a year-on-year increase of 6%, of which 34 billion yuan will be used for 5G investment. Zhongtai Securities believes that operations in 2019 The bottoming out of commercial capital expenditures will lead to the recovery of the industry chain; from the perspective of gross profit margin, the gross profit margin of the industry chain has improved. In the first half of 2019, the gross profit margin of main equipment vendors, optical components, radio frequency, and operators increased by 65 %, 07%, 49%, 11%, the profitability of the industry has improved significantly, showing a positive trend; the revenue of the main equipment business sector in the second quarter of 2019 increased by 49% year-on-year, and the turning point of the sector has reached. In terms of terminals and the Internet of Things, the net profit of the Internet of Things segment grew the fastest in the first half of 2019, up 61% year-on-year, and continued to grow at a high rate in the second quarter. The net profit growth rate of the Internet of Things segment in the second quarter of 2019 was 343%; in addition, the terminal industry welcomed Due to the trend of growth, the leading ODM manufacturer Wingtech (6140, -0.78, -17%) has significantly increased its revenue and net profit in the first half of 2019. Zhongtai Securities believes that 5G will bring a turning point in the mobile phone market and new opportunities for the Internet of Things. As 5G is the dividing line between the people-connected and the Internet of Things era, the future terminal market will usher in an explosion and diversification of forms. Grasp the three main lines Since this week, the communications industry sector has continued to rise. On the 6th, Dongtu Technology (1240, 48, 03%), Super Communication (2340, 94,00%), Dingxin Communication (1940, 81, 98%), Eastcom Peace (1550, 41, 97%) daily limit, Xin Yi Sheng (4990, 65,52%), ZTE Corporation rose by more than 9%, more than 80% of the stocks in the sector rose, and the communications sector market is in a positive direction. Regarding the investment in the communications sector, Bohai Securities said that with the in-depth exploration of technology concepts, various topics derived from it will be responded to by various companies in the industry, and the market valuation will be effectively improved, while also giving higher performance flexibility. Therefore, we will dig in the semi-annual reports of individual stocks, and look for varieties with high year-on-year and quarter-on-quarter performance for screening. It is expected to obtain excess returns when the market style is switched. Industrial Securities (470, 0.08, 25%) said that it can grasp the three main lines of network equipment, terminals, and applications. The 5G network has begun large-scale construction, and the performance of the equipment side has greatly improved. As the first year of 5G, the wireless side expenditure in 2019 is not only expected to increase by 20% year-on-year, but also will increase by about 25% in the second half of the year. The most significant investment opportunities on the 5G network equipment side are concentrated in communication main equipment, equipment PCBs, optical devices/modules, base station refrigeration, IDC and related fields.
According to the company’s August market meeting, this year, especially in the recent period, the supply and demand of Moutai has continued to be tight, and the price has continued to rise irrationally. The market circulation price has risen from 1,900 yuan per bottle in April to the current 2,200. Above RMB/bottle.