Time has passed, volatility continues, investors have to be. Layout for next year's investment, than a two year struggle more meaningful investment mistakes. The future of the stock market, the right strategy, but also in the financial weekly said that the past institutions to go along with words mm, followed by the main take is that middle-class families to survive and profit rules.
possibility of the broader market fluctuated large
Reorganizing the financial weekly published to date 20 Strategy in 2008 brokerage report. For the broader market trend, many brokers are basically the same view that the market volatility throughout the year than this year big opportunity is higher than the first half of the second half, and the more opportunity lies in the first quarter. such as China Merchants Securities said, the 2008 A-share companies wave results are most likely to occur in the first quarter. the financial weekly on the understanding that the tax reform in the first quarter of next year, companies have to smooth profits this year to urge the first quarter of next year.
and entities for the macro-economic environment, most brokers are that growth will slow next year, while inflation is still large, while the level of corporate profits will be reduced. Changjiang Securities, we note the following conclusion: the uncertainty of next year brought the U.S. economy may expand as well as oil prices continued spillover effects rise, or will start turning point of China's economy.
risk estimates will be less than some,Bailey UGG boots, not a bad thing. such as the State Securities mentioned at the Chinese capital market in 2008 affected the real economy of the three variables, including the weak U.S. dollar, emerging market currencies and inflationary pressure is always high.
about supply and demand market is highly
mainstream brokerage financial weekly inventory report is an important purpose of these . broker's view of the current secondary market of billions of capital. this influence also extends, until a market, trillions of dollars of funds.
typical capital this year to promote the city sustainable? funds for next year supply and demand, most of the major brokerage firms said they were not optimistic. two brokerage based in Shanghai calculate their own capital account,UGGs, the results vary widely. Orient Securities algorithm is: in 2008 the supply of funds will not be over 210 billion yuan, while including return of such red-chips demand will reach 800 billion yuan of funds; SW algorithm is: residents purchase stock will reach 180 billion yuan of capital inflow, funds and other institutional funds will provide 840 billion yuan, while the stock market reached 960 billion yuan capital requirements .
supply and demand side for capital specific figures, we are not a good estimate. But one thing is certain, in the high inflation and negative real interest rates in the case, because the investment channels are limited and led to a situation of excess liquidity will not change.
hold the Olympic Games and the central theme of corporate restructuring
There are two main factors affecting the stock market: one including the above funds, including money supply and demand of liquidity; one is as an investment performance of listed companies the subject of the situation. factors also can not be separated before the long-term appreciation trend of the RMB mm revaluation of asset prices and the high valuation; which is reflected in corporate earnings growth will remain high.
in liquidity, appreciation and over- value of the background, the need to grasp is that investment in the main line. CICC summarized into two Olympic economy and asset investment themes. CICC believes that unlike other countries, Beijing Olympic Games in mm or in the latter's national Olympic After the slowdown, the main impact of the Beijing Olympics although local economy, but still digging down to find the structural growth opportunities, such as tourist hotels and retail.
In addition, look at next year's major asset reorganization of central enterprises. Hai Tong Securities data: As of October 2007, the central enterprises listed holding company's total assets of 4 trillion yuan, accounting for the proportion of the total assets of central enterprises is about 60%. central OTC non-listed enterprises is still very impressive high-quality assets.
forestry, animal husbandry Best fishing industry analyst Zhao thick
Comments: prices of agricultural products in 2008 will rise. focus on seafood farming industry.
recommended Company: Shuanghui development, SDIC
the best food and beverage industry Analysts Wei-Hua Zhu
Comments: 2008 key configured high-end consumer goods. in inflation pressure, the background is awash with liquidity, the demand for high-end consumer products driven by obvious; with 2008 income tax policy to bring good, so strong bullish take the high-end liquor, wine industry leading companies.
recommended companies: Moutai best Wuliangye
textile and apparel analyst Li Xin
Comments: No shake the industry's international advantage, in 2008 by the Olympics, baby boomers , led to urbanization and other consumer driven upgrade domestic market have limited impact on negative factors.
recommend the company: Younger, Weixing Jiangnan High Fiber
Wang Feng
best analysts paper printing Comments: energy conservation, and
Recommended Company: Sun Paper
best coal industry analyst Gong Yunhua
Comment: The coal industry in 2008 remained relatively optimistic about the judgments and expectations. coal supply and demand will continue to maintain a smooth pattern, bullish coal price optimistic about the industry, asset restructuring.
recommended Company: China Shenhua, Xishan Coal and Electricity, Luan ring can
petroleum and petrochemical industry analyst Yin Xiaodong
best Comments: 2008, the petrochemical industry both opportunities and challenges. oil price continues to climb, the higher spreads bring the petrochemical industry, the industry boom further. At the same time, high oil prices also will lead to changes in supply and demand situation and reduce the profitability of space.
recommended companies: CNPC, Sinopec, CNOOC basic chemical suits the best analyst Liu Xuming
Comments: around three main investment themes: inflation expectations, prices of resources to bring attention to investment opportunities; mining structural change and economic recovery industry investment opportunities.
recommended Company: Salt Lake Potash, the best black share
electronics industry analyst Weixing Yun
Comments: Although affected by the U.S. subprime problems, but industry is still running in the uplink channel, the 2008 is much higher than the global market will increase 07, possibly the second and third quarter rose significantly.
recommended Company: Han's Laser Technology
health benefits most non-metallic building materials industry Pan Jianping Jia analyst
Comments: cement sub-sector economy continued to rise; full recovery of the glass sub-sectors; new materials, new building materials and non-metallic sub-sector growing pains continue. investment strategies focus on energy efficiency leader.
recommended companies: Conch Cement, Fuyao Glass,UGG shoes, iron and steel industry best China Fiberglass
analyst Hsi-by
Comments: In 2008 the steel industry will bid farewell to era of cheap steel into the high-cost, high prices, high efficiency of the development cycle. proposes a focus on low valuation, asset restructuring to improve performance and the company benefited from higher iron ore prices.
recommended companies: Baosteel, Angang Steel Company, Wuhan Iron and Steel shares
recover non-ferrous metals industry best analyst Li Yang
Comments: scarcity continues to reflect the industry will be strong cyclical shift gradually to the value of the type, metal prices will continue to upgrade the bottom. investment boom mainly based on high resource value and growth of the three major factors, industry consolidation concern.
Recommended Company: Gold Gold, Tin
social services share the best analyst Zhao Xueqin
Comments: In the industry as a whole underestimated the situation, the tourism industry than-expected results have shown the development of the Olympic Games will give the tourism industry offers opportunities.
recommended companies: CYTS, Shoulvgufen
best appliance industry analyst Hu Yali
Comments: 2008 revenue, profits rebound, pass the basic appreciation of the renminbi, continued strong domestic demand, foreign decline in demand growth kept hidden, the supply pattern of sporadic and trends. investment performance of the theme and re-focus on M & A theme.
recommended Company: Gree, Midea
the best auto industry analyst Zhao Xuegui
Reviews : 2008, demand growth will continue to grow faster than capacity, the industry cycle will continue upward. car demand growth next year is 20% higher proportion of high-end models will significantly benefit the manufacturers.
recommended stock: FAW Best Car
machinery industry analyst Guo Yaling
Comments: Domestic demand will remain at a high level, technical progress can relieve upward pressure on factor prices, the industry will maintain steady and rapid growth. concentrate on key business asset injection, and High Speed Rail optimistic, but uncertain risks faced by the appreciation of RMB; power transmission equipment boom is more optimistic, and wind power equipment is faced with a major reshuffle pattern.
recommended companies: TBEA, high level of electrical
the pharmaceutical industry Good analysts NANJING RADIO AND TELEVISION
Comments: industry changes, 2008 investment in the pharmaceutical industry will enter a golden period: management changes and new management approach to the implementation of drug registration; asset injection and the overall market; pharmaceutical innovation has accelerated, particularly promising anti-cancer and cardiovascular drug development opportunities.
recommended companies: Tiantan Biological, Medicines shares
electricity, gas and water utilities such as the best analyst Yang Watershed Management
Comments: 2008 progressive balance of supply and demand in the power industry investment weight transfer, power equipment, the better the economy, hydropower, nuclear power construction will rise; industry consolidation, management incentives, the overall listing of wind.
recommended Company: Huadian Power International
best construction and engineering industry analyst Pan Jianping
Comments: investment opportunities mainly in the : China Railway, China Railway Construction
best banking analyst Li Weiqi
Comments: optimistic about the first half of 2008, the performance of banking stocks. large banks and medium-sized bank's growth in 2008 was 53% and 64% 08 listed banks still-than-expected results.
Recommended Stocks: China Merchants Bank, Shanghai Pudong Development Bank
air transport best analysts Ma Xiaoli
Comments: air transport capacity, tight supply and demand, so passenger load factor increased votes price growth, coupled with the consumer upgrades and appreciation of the renminbi, the aviation industry's business cycle at least until 2010. The best buy is the next March.
recommended companies: Air China, China Southern Airlines
best analysis Highway Gangkou division in the Army
Comments: 10% per year road sector -14% growth, not low valuation of the port industry as a whole, to be concerned about the rising rate of the port, shipping dry bulk cargo shipping industry is optimistic about the medium-term bullish oil tanker transport. < br> Recommend company: Datong-Qinhuangdao railway, Tianjin Port, COSCO Shipping,Discount UGG boots, China Shipping Development
best communications industry analyst Chen Liang
Comments: 2008 is the biggest investment opportunities in telecom industry, due to industry consolidation, telecom operation will have broad room for growth. after the communications equipment is optimistic.
recommended Company: China Unicom, ZTE.
best computer industry analyst Cheng Mei Feng
Comments: there is a huge domestic demand and low cost but high quality manpower resources can be optimistic about the long-term development concerns .2008 acquisition of assets of listed companies and encourage software companies listed.
recommended companies: China's Lenovo (Hong Kong-listed)
best wholesale and retail trade analyst Wu Hongguang
Comments: 2008-2010, the retail trade growth is expected to increase to 15% or more, the strong recovery in department stores and a huge change in business model, the overall level of 35-40 times earnings.
recommend the company: Wangfujing, Brilliance shares E Wushang, Ginza shares, shares of big business, Chongqing Department Store
the best non-bank financial analyst Shao Ziqin
Comment: China's retail financial industry whose time has come, life insurance is the representative of China's retail financial industry. large insurance the company's monopolistic competition difficult to break.
recommended companies: Ping
the best real estate industry analyst Tommy
Comments: Demographic Bonus and accelerated urbanization, will maintain long-term real estate industry is relatively boom, should focus on large companies.
recommend the company: OCT, COFCO Property
communication and culture made the best analyst Liu Xu
Comments: institutional change and technological revolution will promote industrial development, cultural consumption started . the media industry is valued higher, but over time, the pressure will gradually slow down its valuation.
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