Market sentiment has recently reached a low point, and investor confidence has also taken a serious hit. **Trading volume is sluggish, and many people choose to cut meat and leave the market. They are skeptical of the current situation and lack confidence in the future direction of the market. We are now in our darkest hour before the dawn, but reason tells me that we still need to persevere. From a valuation point of view, with the current ***, the probability of making a profit is very large. The price-to-earnings quantile of the Shanghai Composite Index is 73%, compared to 92 in history7% of the time is cheaper. The P/E ratio quantile of the ChiNext index is even lower, only 23%, compared to 96 in history7% of the time is cheaper. As said in the "Historical Records: The Biography of the Goods and Colonies", it is as expensive as dung, and cheap as pearls. This phrase means to sell in time at ***, just like pouring out dung;And at ***, the goods should be taken back as quickly as jewelry. A lot of times, we miss the opportunity because we're so greedy that we want to wait until something lower or higher.
The recent downturn in market sentiment stems from a number of factors. Factors such as the uncertainty of the global situation, the slowdown in domestic economic growth, and the introduction of financial regulatory policies have brought a lot of pressure and anxiety to investors. ** The volatility increases, and the psychology of investors also fluctuates. Many people choose to avoid risk and leave the market because they are worried about the instability of the market. This retreat in market sentiment has further exacerbated the market downturn, leaving investors with greater doubts and uncertainties about the future.
However, this downturn in market sentiment also presents some opportunities. The low valuation of the market makes the current *** very attractive, especially in the SSE and ChiNext indices. We can consider this a good time to do so, because based on historical data, the P/E ratio analysis shows that the current *** is relatively cheap. We can learn from the wisdom in the historical records, that is, sell in time when *** and take back in time when ***, so as to avoid missing opportunities due to greed.
According to the latest announcement, the price of water in Shanghai will be ** in 2024. Specifically, the first tier has an increase of 20%, the second tier is 31%, and the third tier is 53%. This adjustment is of great significance to the water industry, especially some monopoly central state-owned enterprises with strong cash flow, high dividends and high dividends. The attractiveness of these companies is gradually increasing.
The price of water in Shanghai is an important change for the market. As China's economic center and densely populated area, Shanghai's water resources and management have always attracted much attention. With the development of the economy and the improvement of people's living standards, people's demand for water resources is also growing. As a central state-owned enterprise, the water industry has high profit potential while ensuring the safety of water supply. As a result, the industry has a certain appeal among investors.
The water price means more revenue and profit margins for the water industry, especially those central state-owned enterprises with monopoly and high dividends. Investors can consider looking for investment opportunities in this industry.
In addition to the water industry, some F&B companies in Shanghai are also adjusting**, such as McDonald's price increases. This makes people start to think about the possibilities of other areas, and if *** becomes a trend, then we may need to spend more in the current low price period to deal with the future possibilities in advance.
The Ministry of Industry and Information Technology (MIIT) recently released the Catalogue of New Energy Vehicle Models for Vehicle Purchase Tax Exemption, which includes two new energy vehicle models launched by Xiaomi. This news is undoubtedly good news for Xiaomi, and it is also an important opportunity. The development potential of the new energy vehicle market is huge, and Xiaomi, as a company with technological innovation and brand influence, is expected to succeed in this field.
New energy vehicles are an area that has attracted much attention in recent years, and it has many advantages such as environmental protection and energy saving, and has been favored by consumers and consumers. With the introduction of new energy vehicle policies and the continuous progress of technology, the development potential of the market is becoming more and more huge. The Ministry of Industry and Information Technology (MIIT) issued the Catalogue of New Energy Vehicle Models for Reduction and Exemption of Vehicle Purchase Tax, which is a support and incentive for the new energy vehicle market. The release of this catalogue means that those eligible new energy vehicle models will be able to enjoy the preferential purchase tax reduction and exemption policy.
For Xiaomi, entering the new energy vehicle market is an important strategic choice. As a company known for its technological innovation and brand influence, Xiaomi has a unique competitive advantage. Its entry into the new energy vehicle market will bring new growth opportunities for the company. At the same time, Xiaomi's technology accumulation and brand influence will also provide strong support for its development in this field.
Recently, Tongwei Co., Ltd. announced an investment of 28 billion yuan to expand its industrial silicon business. This move shows Tongwei's confidence and determination in the photovoltaic industry. As an emerging field of clean energy, the photovoltaic industry has great potential for development at home and abroad. Tongwei's expansion will further strengthen the company's position in the industry and will also bring more profit and growth opportunities to the company.
As an emerging clean energy field, the photovoltaic industry has great potential for development. With the global attention to environmental issues and the promotion of clean energy policies, the photovoltaic industry has received more and more attention. As a well-known enterprise in the industry, Tongwei has a certain competitive advantage in technology and scale. Its move to invest 28 billion yuan to expand its industrial silicon business shows Tongwei's confidence and determination in the industry.
As an important raw material in the photovoltaic industry, industrial silicon plays a vital role in the manufacture of photovoltaic cells. Tongwei's capacity expansion will further strengthen its position in the PV industry. At the same time, with the development of the photovoltaic industry and technological progress, the market demand for industrial silicon will further increase, which will also bring more growth opportunities and profit margins for Tongwei.
To sum up, the current market sentiment is sluggish, but there are also some opportunities behind the seemingly bleak background. For investors, rational judgment and grasping market opportunities are crucial. We need to be good at analyzing the market through the lens of valuation and avoid making bad decisions due to emotions or greed. At the same time, we should also pay attention to some important information related to the current market, such as the price of water in Shanghai, the development of the new energy vehicle market and the growth of the photovoltaic industry. This information is important for our investment decisions and asset allocation.
In this market, persistence in rationality and patience is the key to success. Every trough will usher in new opportunities, and only by daring to challenge and facing it optimistically can we obtain long-term stable returns in the ever-changing market. Let us maintain confidence, trust our own judgment and choices, and meet the challenges of the future together.