News summary
China International Capital Research reported that the A-share market is expected to rebound after trimmingbestbaccarat, the Shanghai and Shenzhen 300 P/E ratio is 10bestbaccarat.5 times less than the historical average of 12.6 times, and allocation opportunities such as exports, resource products, and green sectors are prominent.
Newsletter text
[There is still room for repair of the valuation of the Shanghai and Shenzhen 300 Index] The CICC research report predicts that the strengthening of China's economic policies and reforms will further boost investor confidence. Despite the recent correction in the stock market, the market's upward and downward trend is expected to resume. After the A-share market has undergone adjustments, the main indices are expected to resume their upward trend. The forward P/E ratio of the Shanghai and Shenzhen 300 Index is currently 10.5 times. Compared with the historical average, there is still room for improvement, which is about 12.6 times. The marginal improvement in corporate profit expectations will provide positive support for subsequent index performance.
[Investment allocation focuses on export chain industries and global resource goods] Against the background of strong external demand, CICC advises investors to pay attention to export chain industries and globally priced resource goods. These areas are expected to become the focus of market attention due to strong orders. At the same time, some price-increasing sectors, such as the public utility industry, have received great attention from the market. As prices rise, the investment value of this sector also increases.
[Green sector benefits from marginal changes in industrial policies] The green sector, especially in the new energy sector, is expected to benefit from recent industrial policy adjustments. Marginal changes in policies will help raise investors 'expectations for the new energy industry and bring new investment opportunities to it.