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China's largest nuclear power leader (stock mobile wallpaper)

Release Time:2021-08-08 Topic:Chinese mobile phone stocks Reading:189 Navigation:Stock Liao information > Culture > China's largest nuclear power leader (stock mobile wallpaper) phone-reading

" Featured summary: One-year and Xingquan Antai Balanced Pension FOF increased respectively, reaching 12.25% and 18.58%; among target-date pension FOFs, China Pension 2045 Three-year A and ICBC Pension has performed relatively well in the five years of 2050, with increases of 31.91% and 27.45% respectively. ◆Review of on-market funds: Equity ETF capital inflows."

1. China's largest nuclear power leader

1. In terms of quantitative strategy operation, the activity of market transactions continued to decline in October, and the market volume could be slightly Shrinking, the average daily turnover of the two cities in the whole month was about 745 billion, which has returned to below the average turnover level of the past year.

2. Peng Yan has an average annual compound rate of return of 21% during his ten-year tenure in public and private equity, and all products have positive returns during his tenure. The products he manages show Out of the characteristics of robustness and no lack of offense, he has obtained a high long-term compound return.

3. 561 market-making companies were transferred, a reduction of 3; 7,672 call auctions, a reduction of 13; 32 selections, no change; 1,159 innovations, a reduction 4; 7,074 at the base level, a decrease of 12.

4. For the original factor data, due to various reasons, there will be missing data or data outliers. The occurrence of these conditions will affect the test results to a certain extent, so it is necessary Data cleaning is carried out. Data cleaning involves missing value processing and outlier processing. Missing values ​​are filled in with the industry average method, and outliers generally use the absolute median method to shrink the outliers.

5. Investment advice and profit forecast The e-commerce service industry is in a period of rapid growth, and the company, as a top player in the beauty category, is expected to fully benefit from the industry's growth dividend.

6. Fourth, the risk suggests that the business expansion speed is not as fast as expected, the cost rises more than expected, food safety issues, etc.

7. Net profit growth rate exercise conditions: If the incentive cost amortization is not considered and the income tax and other tax factors are not considered for the time being, the net profit of the company from 2020 to 2023 will be returned to the parent It should reach 13.03/13.46/1.390 billion yuan, a year-on-year growth rate of +44.50%/+3.33%/+3.23%; if the incentive cost reduction is considered, the company's net profit attributable to the parent should reach 1.303/12.56/1.299 billion from 2020 to 2023. Yuan, the year-on-year growth rate was +44.50%/-3.62%/+3.46%.

8. Looking at the entire historical range, the Momentum 30 portfolio has an annualized rate of return of 12.75% since 2010, and the benchmark portfolio’s annualized rate of return is 4.22% during the same period. The chemical excess return rate was 8.53%.

How to prevent major risks involving the financial sector? On the one hand, to maintain national economic security, increase fiscal and taxation policy support for weak links and shortcomings that affect economic security, and achieve safety and control in key industries such as important industries and major technologies.

In terms of short-term momentum factors, industries such as agriculture, forestry, animal husbandry, fishery, banking, and coal have significant reversal effects, and most industries such as general, power equipment and new energy have significant trend effects.

In the IPO queue, 24 NEEQ companies have been accepted, 9 companies have been reported, and 3 companies have been pre-disclosed and updated.

We combed through the IPO plans of unlisted property management companies and found that at least in the next six months, there will be no IPO supply from large property management companies in the market.

2 Constituent stocks: The top ten constituent stocks are highly concentrated. The index constituent stocks are highly concentrated. As of September 30, 2020, the top ten constituent stocks accounted for 57.03%, weight The top 10 constituent stocks have an average circulating market value of 47.136 billion yuan, of which Weir shares with the highest market value have a total circulating market value of 88.758 billion yuan.

In additionFrom the perspective of long-term follow-up returns from the hedging strategies commonly used by institutions, if the market continues to fluctuate or rise moderately next year, the covered strategy can achieve better returns and is suitable for long-term holding.

On the news side, 1, the Ministry of Commerce and other 12 departments: boost bulk consumption, key consumption and promote the release of rural consumption potential.

Peng Yan, the fund manager, belongs to a growth investment style and tends to choose Davis double-click stocks that have both corporate profit growth and valuation expansion, using a combination of top-down and bottom-up methods Select company targets and perform band operations based on some technical indicators.

There is a lot of work to be done here, and our pressure is also great, because wind and solar energy will reach 1.2 billion kilowatts by 2030, and it is expected to reach 460 million by the end of 2020, which will increase annually in the future. It's still big.

The main reason for the structural market this week is: Pfizer announced on November 9 that the new crown vaccine developed in cooperation with the German biotech company has an effective rate of up to 90%, which has led to an increase in global risk appetite.

The operation and development platform provides solutions that enable companies, organizations and individuals around the world to design websites and application platforms using designer templates or drag-and-drop formats by themselves.

This week, the MLF continued for 4 consecutive months, which means that the central bank intends to regulate the upward momentum of the medium-term market interest rate represented by the inter-bank certificate of deposit interest rate, avoiding the tension of medium and long-term liquidity, and maintaining a relatively loose state of funds. , The positive index rose.

The recommended target for January is the consumption of 50ETF515650.SH.

The PCR of all options contract volume is 63.89%, and the PCR of open interest is 91.01%.

Non-ferrous metals, agriculture, power equipment and other industries rose 10.7%, 9.5%, and 9.1% respectively; according to the valuation index of price-to-book ratio, the food and beverage, leisure services and other sectors are at a high level, and architectural decoration , The real estate and public utilities sectors are still at historical lows, and the differentiation between sectors and individual stocks has sharply expanded again.

This week, US stocks continued to hit new highs.

Out of the bottom of short-term performance, core products are expected to continue to increase.

Second, stock mobile wallpaper

Observation · Discussing the market. Under the current good monetary policy and credit environment, the impact of the credit bond default on the stock market is expected to be based on risk preference Suppression and related stocks are mainly affected, and it is difficult to evolve into a large-scale shock in the short term, and the upward direction of economic recovery remains unchanged.

▍Market overview: The scale of securities and semiconductor ETFs increased by more than 10 billion in the third quarter.

The average turnover rate of the major indexes also continued to adjust. The turnover level of small and medium-cap stocks dropped more, and the market income divergence also further decreased, returning to the cross-sectional volatility level in May and June this year.

561 market-making transfers, a decrease of 3; call auctions 7,672, a decrease of 13; 32 selected tiers, no change; 1,159 innovations, a decrease of 4; basic tiers, 7,074, a decrease 12 homes.

The mRNA new crown vaccine developed by the company and Suzhou Aibo has entered phase I clinical trials. Preclinical studies of the mRNA new crown vaccine have shown that this vaccine can not only induce high levels in mice and cynomolgus monkeys. And antibodies can also induce a protective T cell immune response.

In the third quarter, only industry index funds received a net inflow of funds, while Wide Base and Theme continued to net outflows.

2 Attributable net profit assessment criteria: the cumulative total of 2021-23 will not be less than 540 million/1170 million/18.9 billion; assuming that it is completed every year, 2021-23 will be 540 million/630 million respectively. 720 million yuan, +2.8%/16.7%/14.3% year-on-year, assuming a net profit of 530 million yuan attributable to 2020.

At the same time, fund managers attach great importance to the control of retracements, and are good at controlling retracements through position adjustment.

Risk warning: The research and analysis of this report are based on publicly available market information. The performance of index products is affected by the fluctuations of the index being tracked. Index performance is affected by market fluctuations and style changes. Historical performance does not represent the future; this report No fund evaluation business is involved, and no fund product recommendation is involved.

Gold's short-term fluctuations are dominated, and the medium and long-term bull market can be expected.

ETF financing and securities lending situation Last week, the balance of equity ETF financing decreased from 36.796 billion yuan in the previous week to 36.631 billion yuan, and the margin of securities lending rose from 4.018 billion in the previous week to 4.10 billion.

The company's 2020-2022 operating income is expected to be 14.37/21.46/3.188 billion yuan, the growth rates were 52.26%, 49.30%, 48.57%; the net profit attributable to the parent was 1.69/3.14/6.19 billion yuan, and the growth rates were 83.54%, 85.59%, and 97.02%, respectively. "Buy" rating.

▍Market overview: The scale of stock index funds exceeded the trillion mark for the first time.

With economic development and consumers' increasing requirements for product functional attributes, cross-border development and the general trend of product electronics, the expansion boundary of the track is extremely wide.

3 Stock index funds accounted for 24.24% of equity and hybrid funds with more than 60% stock positions, which was 1.32% lower than 2020Q2; 4 new products resumed the pace of deployment, and ETFs contributed half The above incremental scale.

The reason is as follows: Although the epidemic may have a partial rebound, the economic damage has been substantially less than in the first half of the year.

The valuation recommendation considers that the company's valuation is defensive. We maintain our earnings forecast and outperform industry rating.

The company recently announced that it has won bids for several projects, including resettlement houses in the Dongrong area of ​​Xiongan New District and sewage treatment projects, which are in line with our expectations for the increase in orders brought about by the acceleration of the Xiongan project.

Compared with the distribution of the stocks in the whole market, the food and beverage, pharmaceutical and biological, and electronic stocks in the fund's heavy holdings are obviously overweighted, with 10.24%, 5.76% and 4.14% overweighting, respectively, and the industry with the lowest overweighting ratio It is non-bank financial, banking, and public utilities that have low allocations of 6.59%, 4.66% and 2.18% respectively.

Among all the secondary industries, the top 10 low allocation ratios are banking II, securities II, electric power, insurance II, oil mining II, real estate development II, coal mining II, traditional Chinese medicine II, infrastructure, Iron and steel Ⅱ, the proportions relative to the standard industry are -8.05%, -3.68%, -2.19%, -2.03%, -1.17%, -1.15%, -1.07%, -1.03%, -0.83%, -0.83% .

Li Xiaojia, Chief Executive Officer of the Hong Kong Stock Exchange, said, “Looking forward to the next 5 to 10 years, Hong Kong is expected to become the world’s largest biotech IPO fund-raising market.

To analyze credit spreads The impact of the upward trend on the stock market, we use the past three times when credit spreads have risen sharply as a reference for analysis: there have been three sharp rises in credit spreads since 2014, which were at the end of 2014 and August 2016-May 2017. And from November 2017 to July 2018, during these three periods, the stock market cycle and finance were relatively strong, and the technology, medicine, consumer services in consumption, agriculture, forestry, animal husbandry and fishery, and light industry manufacturing sectors experienced significant corrections.

IH, IF, and IC closed down across the board.

From the end of the year, countries such as Europe and the United States are about to usher in the most important Christmas and New Year holidays of the year, but Christmas this year does not seem to be easy.

Three option products of CSI 300: The total trading volume of stock index options is 153,142 lots, the open interest is 146,721 lots, and the total turnover is 1.5805 billion.

China's largest nuclear power plant Leader: %E4%B8%AD%E5%9B%BD%E6%9C%80%E5%A4%A7%E7%9A%84%E6%A0%B8%E7%94%B5%E9 %BE%99%E5%A4%B4&rsf=11630008&rsp=0&f=1&oq=%E6%A0%B8%E7%94%B5%E8%82%A1%E7%A5%A8%E9%BE%99%E5% A4% B4% E4% B8% 80% E8% A7% 88 & ie = utf-8 & usm = 1 & rsv _ pq = 8a92959d001a61c1 & rsv _ t = 83cas5k7cZv9dShexKjTYlYHYDxBslnj6% 2BpnhoAMygjdahBPymFoWWUavsg & rqlang = cn & rs _ src = 0 & rsv _ pq = 8a92959d001a61c1 & rsv _ t = 83cas5k7cZv9dShexKjTYlYHYDxBslnj6% 2BpnhoAMygjdahBPymFoWWUavsg

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