Author丨Pang Huawei.
Editor丨Jiang Shiqiang.
2023 is coming to an end, and a new 2024 is about to begin. How will A-shares go in the future?Where are the investment opportunities?
According to the survey results of the private placement network for 2024** and investment opportunities, nearly eighty percent of private equity believes that A-shares are expected to rise in 2024, and half of private equity is optimistic about the technology sector.
Eighty percent of private equity believes that A-shares will be upward in 2024.
Regarding the 2024 A**field**, the results of the survey show that 7857% of private equity believe that A-shares are expected to rise in 2024, because the valuation of A-shares is at a low level, the economy is improving and the Federal Reserve has entered a cycle of interest rate cuts, which is more friendly14.29% of the private equity believes that based on the medium-term structural problems of the economy, there is not much room for A-shares, and it will be repeated during the periodAnother 714% of private placements believe that A-shares will continue to find the bottom lower.
When it comes to how the style of the A** field will be interpreted in 2024, the survey results of the private placement network show that 4545% of private equity believe that the style of the A** market will tend to be balanced in 2024;27.27% of private equity firms believe that the market will not have a clear style next year;18.18% of private equity believe that with the stabilization and rebound of the economy, the first-class stock style will prevail next year;Another 909% of private equity is still bullish on the small-cap style.
In this regard, Yang Bingtian, chairman of Jintian, said that at the moment, investors do not need to panic excessively, and there is limited room for continued downward movement in 2024. The reason is that as the Fed cuts interest rates closer and closer, the world may start quantitative easing, coupled with the frequent domestic policies to support the capital market, the macro economy is gradually bottoming out.
Yang Bingtian believes: "The end of the year and the beginning of the year may be a good time to increase positions on dips. Observing the micro consumption data, residents' willingness to consume is rebounding, and residents' disposable income is also steadily recovering. From a medium- to long-term perspective, it is a good time to lay out the equity market. ”
However, there are also ** managers have different views, Gecko Capital ** manager Chen Wen believes that next year's ** is neutral and repeated**, and the opportunities are more in the industry and **, and it is difficult to appear overall upward**.
5% of private equity is optimistic about the technology sector
As for which sectors of A-shares will have better investment opportunities in 2024, the survey results of the private placement network show that 5294% of private equity companies are optimistic about the technology growth sector, believing that technology is an important engine for future economic growth23.53% of private equity firms are bullish on cyclical sectors, believing that the economic recovery will drive demand for commodities17.65% of private equity is optimistic about the large consumption sector, believing that consumption is the main direction of policy stimulus;5.88% of private equity is optimistic about big finance.
He Jinlong, general manager of Umili Investment, pointed out that from the perspective of the extended cycle, science and technology is the inevitable path for the transition and transformation of economic growth momentum, and it is also a high-quality track for obtaining long-term excess returns.
Yi Xiaobin, director of equity investment at Shunshi Investment, believes that there are two main lines that may complement each other. Technology growth is the medium to long-term positive direction, and domestic consumption is the main aspect of policy stimulus, so there will be some structural opportunities.
Bao Xiaohui, chairman of Changli Assets, thinks that there will be opportunities in the cyclical sector. The reason is that with the expected landing of the Fed's interest rate cut cycle, the global macro economy will accelerate the recovery, but the supply side is expected to grow, the demand for commodities is expected to remain benign growth, the supply and demand situation is expected to improve, commodities or will rise steadily, continue to be optimistic about the performance of coal, industrial metals, agricultural products, etc., according to the historical inertia of these cyclical sectors will usher in a wave, and in terms of market performance, the cyclical sector is now at a rare low level, with strong investment potential and space, so its inclination will be more performance in the cyclical sector next year.
sfc
Editor: Jiang Peipei, intern: Tan Yahan.
21 Jun recommended reading
How will A-shares go in 2024?Where are the investment opportunities?
Be on the alert!Change of control of a number of A-share companies, what's going on?
Behind the "change of hands" of Ali's A-share investment.