In January, the gold stocks recommended by Sino-Thai Securities are: Nanjing Bank, SF Holdings, Aurite, Taihua New Materials, Ankorui, Zhongfu Information, Satellite Chemistry, Meijin Energy, Smart car ETF, Chuang 50ETF.
[gold stocks Review] in December 2021, the gold stock portfolio recommended by Sino-Thai Securities returned 6.1%, ranking fourth among 31 brokerages. The three stocks with the highest returns were Hangzhou Pot shares, Yihua shares, and Venture Huikang, with monthly increases of 27.37%, 19.3% and 15.98%, respectively. For details of the report, seeBrokerage December gold stock portfolio "record": Chuancai Securities 9.26% won the worst Soochow.
The following is the gold stock report of Sino-Thai Securities in January:
The viewpoint of combination allocation in January: it is advisable to act actively.
Review: our view in December is to balance the configuration to deal with the closing market, and it is recommended to deal with the impact of the variant virus in accordance with the event-driven law. At the index level, the market was biased towards market value in December, with dividend index, Shanghai 50 and Shanghai and Shenzhen 300 leading gains, while gem, Kechuang 50 and CSI 1000 and other small and medium-sized growth indices all closed down. At the industry level, the media, building materials, power and public utilities, light industry, coal and other industries led the increase, while power equipment and new energy, non-ferrous, automotive, basic chemicals and other industries led the decline. Our gold stock portfolio rose 5.42% in December. Since its establishment in February 2017, the Sino-Thai gold stock portfolio has earned a cumulative return of 262.3%. The excess return relative to the Shanghai and Shenzhen 300 is 216.9%. The better performers in the gold stock portfolio in December are Hangzhou Pot shares (+ 27.37%), Yihua shares (+ 19.30%), Venture Huikang (+ 15.98%) and so on.
The sensitivity of the market to the epidemic has declined significantly, and the view on the development of the epidemic is gradually changing. The Omicron virus is still spreading rapidly. on the one hand, the number of new confirmed cases around the world has increased significantly in recent days, and Europe and the United States have replaced South Africa as the new epicenter, which may be related to sample statistics and holiday factors, but according to the current data, the number of new severe cases has not exceeded that of the previous wave of Delta virus transmission. On the other hand, infectivity is far greater than lethality, which means that the more mild cases, the stronger the immunity of the population, which to a certain extent strengthens the market's expectation that the epidemic will end in the near future. therefore, we have seen a large rebound in recent overseas markets, such as gambling, hotels, airlines, tourism and other sectors damaged by the epidemic. Domestically, China has been confirmed to be able to achieve dynamic zero clearance in about four weeks, and epidemic prevention experts say this will be the last winter of the epidemic.
The period refers to the deviation between the continuous rising water and the continuous fall of the wind in the field. Recently, the major stock index futures have been in a state of rising water. The average rising rate of IF in the past 20 trading days has exceeded 0.2%. This has never happened in the past 16 years. On the one hand, the sharp rise in the futures index often means that the funds are very optimistic about the future. For example, the sustained rising water state has appeared in 17Q4 and 19Q1 respectively, and then there have been good index prices, but unlike these two stages, In the past, the rising price of the index often coincided with the rise in market risk appetite, but the current market capital sentiment is extremely low, and the proportion of financing transactions has dropped to close to an 18-year low. On the other hand, the recent adjustment of the product structure of quantitative institutions may be the main reason leading to the rise of the index, especially after the rapid expansion of quantitative funds, more and more market-neutral strategies began to turn to index enhancement strategies. But on the whole, it is good that the short-selling demand of the futures index is reduced compared with the current market, while the wind bias is at the historical extreme, which often means that the short-term market may have entered a bold trading range.
January gold stock portfolio:
From top to bottom, combined with our monthly portfolio of various industries, the gold stocks of Sino-Thai Securities in January 2022 are as follows: Nanjing Bank, SF Holdings, Aurit, Taihua New Materials, Ankorui, Zhongfu Information, Satellite Chemistry, Meijin Energy, Smart car ETF, Chuang 50ETF.
Risk Tips:
The monthly research perspective and focus is based on the industry group's judgment on the fundamentals and profitability of the coming month, each industry has its own economic and policy premise in making the final recommendation, and there may be economic and policy inconsistencies with our expectations.