Today's opening, the Chinese prefix once again, as of press release, the plate has risen by 1.40%. China Electric Power Construction rose by the daily limit, while stocks such as China Communications and Construction, China Railway Construction Corporation and China Satcom led the rise.
It has been nearly a month since the market accelerated for Chinese prefix stocks, which means that money is starting to switch from high-ranking hot tracks to low-valued "medium prefix" stocks. This makes the Chinese prefix, which is famous for its stable character, extremely active recently, and the plate has even achieved Nine Lianyang before that.
As one of the sectors in the market that have been snubbed by investors for a long time, the last glory of the Chinese prefix can be traced back to the great bull market in 2014.
In 2014, due to factors such as seriously undervalued market capitalization, loose liquidity and the reform of state-owned enterprises, the Chinese prefix company ushered in the opportunity of rapid development and seized the opportunity to rise rapidly.
For the development trend of the Chinese prefix this year, Anxin Securities believes that this year, the market valuation is high, the small market valuation is low, and there is little demand for the repair of the market relative to the small cap stock valuation. including some stable growth sectors such as infrastructure and real estate, the policy environment has changed, and compared with 2014, there is also a lack of incremental logic similar to the reform of state-owned enterprises + Belt and Road Initiative, and expectations may not be as good as those of that year.
However, as the first year of the 14th five-year Plan and the acceleration of state-owned assets reform, the impact of this year's environment on the development of Chinese prefixes can not be ignored.
Prior to this, Weng Jieming, deputy director of the State-owned assets Supervision and Administration Commission of the State Council, said that in the second half of the year, we will focus on advanced manufacturing and scientific and technological innovation, and vigorously promote the restructuring and professional integration of central enterprises in the fields of transmission and distribution equipment, modern logistics, strategic resources, grain reserve processing, and marine equipment. At the same time, do a good job in the establishment and reception of new central enterprises, promote the central enterprises to focus on the main industry, and strengthen the withdrawal of "two non -" and "two capital".