Author |Ding Zhenyu, editor|Gu Jinfeng.
*: Jufeng Investment Advisory, good ** application.
Brief description of the plate
On Tuesday, the A-share Shanghai Composite Index hit a new low in intraday trading. On the disk, tourism hotels, commercial department stores, aviation airports, jewelry, coal, railways and highways, decoration and building materials, textiles and garments, petroleum and other industries are among the top gainers;Software development, non-metallic materials, professional services, shipbuilding, consumer electronics, semiconductors, electronic components, Internet services and other industries were among the top decliners. In terms of theme stocks, tax-free concepts, robot actuators, reducers, outdoor camping, lab-grown diamonds, new industrialization, ** tourism, industrial machine tools, etcMixed reality, state-owned cloud concept, Hongmeng concept, data elements, electronic rearview mirrors, etc. led the decline.
Hot Plates
The attractions and tourism sectors are active: Changbai Mountain has 6 boards, Dalian Shengya has 5 boards, Jiuhua Tourism has a daily limit, and Guilin Tourism, Qujiang Cultural Tourism, and Emei Mountain are among the top gainers.
The concept of robots is strong: Mitutoyo Intelligence, Xinshida, Hongxun Technology, Changling Hydraulics, Aishida, Haozhi Electromechanical, Rifa Precision Machinery, Fengli Intelligence, etc. are among the top gainers.
The camping economic sector strengthened in the afternoon: Mu Gaodi, Zhejiang Nature, and Lvyin Ecology rose to the limit, and Sanfu Outdoor, Lijiang Shares, and Sante Cableway followed suit.
Message plane
UBS: A-shares are currently mispriced and 8 times PE investment opportunities are difficult to find in the world
The UBS Greater China Symposium was held in Shanghai. Lian Peikun, director of Greater China Research at UBS Global Investment Bank, said that the current ** valuation is too cheap, and the PE of the MSCI China Index is only 8 times, and there will be 15% upside this year. Constructive optimism about Hong Kong stocks, mainly due to the low level of foreign Hong Kong stocks, the Federal Reserve's future interest rate cuts will promote the inflow of foreign capital, and the profit growth rate of the Internet sector in Hong Kong stocks is as high as 23%.
The Ministry of Industry and Information Technology issued the "Guidelines for the Construction of National Automotive Chip Standard System".
On January 8, the General Office of the Ministry of Industry and Information Technology issued a notice on printing and distributing the guidelines for the construction of the national automotive chip standard system. The goal is to formulate more than 30 key standards for automotive chips by 2025, clarify the basic requirements for environment and reliability, electromagnetic compatibility, functional safety and information security, formulate technical specifications for key products and applications such as control, computing, storage, power and communication chips, and form matching test methods for vehicles and key systems to meet the basic needs of safe and reliable applications and pilot demonstrations of automotive chip products.
The three major U.S. stock indexes collectively closed higher, popular technology stocks rose, and Nvidia hit a record high
The three major U.S. stock indexes collectively closed higher, and the Dow rose 058%, the Nasdaq rose 22%, and the S&P 500 rose 141%, popular technology stocks rose, semiconductors, software applications rose first, Nvidia rose more than 6%, AMD rose more than 5%, Navitas Semiconductor, Intel, NXP rose more than 3%, Apple, Google, Amazon, Broadcom rose more than 2%. Oil and gas stocks and airline stocks fell, with Total, Imperial Oil, and Senco Energy falling more than 2%, and Boeing falling more than 8%, the biggest one-day decline since October 2022.
Jufeng view
In early trading, the three major A-share indexes opened low and went high, and more than 3,800 shares in the two cities were red. On the disk, the tourism and hotel sector led the gains, with robot actuators, new industrialization, lab-grown diamonds, duty-free concepts, industrial machine tools, reducers, aviation airports, etc. at the top of the listUnder-screen camera, mixed reality, skit interactive games, HarmonyOS concept, e-paper, state-owned cloud concept, Huawei Euler, data elements, etc. led the decline.
In the afternoon, the information and innovation, computer applications, semiconductors, and coal sectors weakened, and the concept of outdoor camping strengthenedThe Shanghai Composite Index hit a new low for the year. After 13:30, China Construction Bank, Bank of China, China Mobile, PetroChina, China Merchants Bank, China Shenhua and other heavyweight stocks guarded the disk, and the Shanghai Composite Index turned red and sorted out below 2900 points. The net inflow of northbound funds exceeded 1 billion yuan in the morning, and the outflow was small in the afternoon, and it was in a state of rest throughout the day.
Since August, the A-share adjustment has been mainly affected by the depreciation of the RMB exchange rate and geopolitical factors. Recently, the market has released a lot of good news: the financing margin ratio has been lowered, and the central bank has reduced the deposit reserve ratio;A number of cities have announced the lifting of housing purchase restrictions, and a number of economic data since August have further proved the recovery of the domestic economyAn additional 1 trillion yuan of national bonds will be issued to support post-disaster recovery and reconstruction and to enhance disaster prevention, mitigation and relief capabilitiesMultiple positive news positively stimulates A-shares. In the medium term, with the implementation of various counter-cyclical adjustment policies and measures, the domestic economy has entered a recovery cycle, and A-shares will find the bottom of the market and go up, so it is an opportunity to lay out the dip.
Investment advice
Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to enter a medium and long-term bull market**. In the short term,** it is mainly affected by exchange rates and external geopolitical factors. In the medium and long term, the market is expected to return to activity, and investors can take advantage of the dip to deploy central enterprises that are expected to increase their holdings or buy backand grasp the trading opportunities of active market varieties: artificial intelligence, robots, new energy vehicles and other sectors.
Author: Ding Zhenyu Practicing Certificate: A0680613040001).
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss.