JK8 UETF SSE50China
- 2.00
- +0.01+0.50%
Deng Xiaofeng reduced his holdings of cyclical stocks and added a new automotive chip stock
Deng Xiaofeng, the star fund manager who made a fortune of 10 billion dollars in Zijin Mining, reduced his holdings of cyclical stocks such as Zijin Mining, Yunlu shares, and China Aluminum in the first quarter of this year, sending a signal that some profits have come to an end for cyclical stocks. Specifically, Deng Xiaofeng took action against the biggest stock. The market value of Zijin Mining once soared by more than 470 billion yuan this year, continuously reaching record highs. Deng Xiaofeng began taking heavy positions as early as 2019. The market expects its holding cost to be around 3 yuan/share, and Zijin Mining's stock price will rise to more than 19 yuan/share. Deng Xiaofeng made a lot of money from this investment. When capital poured into cyclical stocks, Deng Xiaofeng began to reduce his holdings. In the first quarter of this year, Gao Yi Xiaofeng
Changes in Hong Kong stocks | Bank of China (03988) rose more than 4%, leading the bank's dividend spread under pressure, no change in management resilience, market style still favors dividend strategy
Domestic bank stocks showed strong performance. As of press release, Bank of China (03988) rose 4.05% to HK$3.6; Bank of Communications (03328) rose 3.53% to HK$5.58; China Merchants Bank (03968) rose 2.92% to HK$35.2; and CCB (00939) rose 2.01% to HK$5.07.
North and South Water | Rare! Nanshui Net bought 22.4 billion A shares, bucking the trend and reducing bank stock positions; Beishui continued to increase its holdings at the Bank of China and the Hong Kong Stock Exchange
Northbound's net purchase of A-shares was $22.4 billion, and Southbound's net purchase of Hong Kong shares was HK$1,174 billion.
Huafu Securities: Mid-term mining shortage is difficult to ease long-term copper prices still have upward momentum
On the supply side, the tight supply situation on the mining side has not abated. As of April 19, domestic spot copper refining and processing costs were 3.4 US dollars/ton; on the demand side, due to high copper prices, market consumption was sluggish, and shipments in many regions were lower than normal.
GF Securities: 24Q1 fund allocation bank ratio rebounded, focus on recovering related banks
The Zhitong Finance App learned that Guangfa Securities released a research report saying that 24Q1Wind all fell 2.8%, the banking sector rose 10.8%, and the urban commercial banks rose 13.7%. The overall performance of the banking sector was significantly better than the entire market. The market chose urban commercial banks whose fundamentals are directly related to the decline in interest rates based on the logic of weak expectations and the decline in interest rates. However, reliance on financial market investment is a double-edged sword. A downturn in the economy (interest rates) will increase investment returns, while an increase in the economy (interest rates) will cause losses. Judging from historical experience, when the economy shows signs of stabilization, the trend of interest rates on treasury bonds in the market will rebound, because
[Broker Focus] CMB International maintains Ping An China (02318) “buy” rating indicating that the value of the new life insurance and health insurance business exceeds expectations
Jinwu Financial News | CMB International said that the first quarter results of Ping An of China (02318) showed the growth resilience of its main business segments in life insurance, financial insurance and banking. The value of the new life insurance and health insurance business increased 20.7% year over year to $12.89 billion under a comparable scale, exceeding market expectations and better than the bank's forecast of achieving medium double digit year-on-year growth. According to the bank, the company's stock price is currently at 0.47 times FY24EP/EV and 0.71 times FY24E net market ratio. The steady upward trend in stock prices in the future will be affected by: 1) a recovery in market sentiment; 2) a steady recovery in return on asset-side investments; and 3) creditworthiness in housing
CICC: Life insurance profits may exceed expectations, Chinese life insurance welcomes medium-term investment opportunities
Chinese life insurance currently has medium-term investment opportunities.
[Broker Focus] BOC International maintains China's Ping An (02318) purchase rating indicates that the value rate of the new business exceeds expectations
Jinwu Financial News | According to BOC International Development Research Report, China Ping An (02318)'s profit performance for the first quarter of 2024 was stable on a high basis, and the three core businesses remained stable overall. Operating profit returned to parent fell 3% year on year. The decline was mainly due to the technology, financial insurance and asset management sectors, while life insurance, health insurance, and banks increased slightly year over year. Life and health insurance+financial insurance+banking combined increased 0.3% year over year. According to the bank, the value of the new business has increased significantly, mainly due to an increase in the value ratio. The bank expects that there is still room for optimization of the product structure throughout the year, and the value rate of the new business is expected to continue to increase compared to the first quarter of 2024. Comprehensive financial insurance
Analysts' Opinions Are Mixed on These Materials Stocks: Zijin Mining Group Co (OtherZIJMF) and Cemex SAB (CX)
Public funds increased their holdings significantly, and Deng Xiaofeng reduced their holdings of the stock for 5 consecutive quarters
With the disclosure of the fund's report for the first quarter of 2024, the trend of public fund position adjustments came to light. According to China Merchants Securities data, there are generally three ideas for active partial equity fund position adjustments in the first quarter: the first is to lay out a stable dividend sector. Add sectors with high dividends, low fluctuation and abundant free cash flow, such as coal mining, electricity, major state-owned banks, railways and highways. The second is to lay out the offshore chain sector. With the gradual recovery of overseas demand, the export chain is relatively prosperous, and some overseas sectors such as white goods, light industry, and construction machinery have been boosted to varying degrees. The third is the layout of the resource products sector, which is mainly catalyzed by the strengthening of global commodity prices. provisions
Jefferies Adjusts Zijin Mining Group's Price Target to HK$19.30 From HK$18.80, Keeps at Buy
04:34 AM EDT, 04/24/2024 (MT Newswires) -- Jefferies Adjusts Zijin Mining Group's Price Target to HK$19.30 From HK$18.80, Keeps at Buy Price (HKD): $16.98, Change: $+0.64, Percent Change: +3.92%
Investing in China Yangtze Power (SHSE:600900) Five Years Ago Would Have Delivered You a 83% Gain
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying the right stocks can give your wealth a significant boost. For example, the China
CICC 24Q1 Active Equity Fund Analysis: The ratio of Hong Kong stocks showed an increase in the energy and raw materials industries and a significant increase in holdings
In terms of asset allocation, there has been a correction in stock positions, and the Hong Kong stock ratio has shown an increase. In terms of Hong Kong stocks, heavy holdings are concentrated in the IT industry, energy industry, non-essential consumption and healthcare industries. Among them, the energy industry and raw materials industry saw significant increases in 2024Q1.
Ping An of China (601318.SH/2318.HK): Strong business infrastructure, medical care and pension release the “ratchet effect”
On the evening of April 23, Ping An of China released its performance report for the first quarter of 2024. Financial reports show that in the first quarter, the company's operating profit attributable to shareholders of the parent company was 38.709 billion yuan, down 3.0% year on year; net profit attributable to shareholders of the parent company was 36.709 billion yuan, down 4.3% year on year. Among them, the three core businesses of life insurance and health insurance, property insurance, and banking resumed growth. The total operating profit of the three businesses attributed to shareholders of the parent company was 39.816 billion yuan, an increase of 0.3% over the previous year. It's easy to see that with the improvement of macroeconomic fundamentals and the company's continued deepening operations, Ping An is gradually implementing the business
Nomura: Maintaining Peace of China (02318) “Buy” Rating Target Price Raised to HK$54.41
Nomura indicated that Ping An of China (02318)'s net profit and after-tax operating profit (OPAT) for the first quarter of 2024 both exceeded expectations.
The big guys have the latest stock positions!
Kweichow Moutai holds the top position in heavy stocks
North and South Water | Nanshui is buying resource stocks and liquor stocks, and Beishui continues to buy China Mobile Tencent and Bank of China
The net sale of A-shares was $2,997 billion, and the net purchase of Hong Kong shares was HK$2.34 billion by Northbound Capital.
Zijin Mining's Q1 Profit Rises 15%
Zijin Mining Group's (HKG:2899, SHA:601899) attributable profit rose 15% year over year to 6.26 billion yuan, or 0.238 yuan per share, in the first quarter, according to a Monday filing with the Hong
[Hong Kong Stock Connect] China Ping An (02318)'s net profit for the first quarter decreased by 4.3% to RMB 36.709 billion
Jinwu Financial News | Ping An of China (02318) announced unaudited results for the three months ended March 31, 2024. Net profit attributable to shareholders of the parent company was 36.709 billion yuan (RMB, same below), a year-on-year decrease of 4.3%, with basic earnings of 2.07 yuan per share. Operating profit attributable to shareholders of the parent company was 38.709 billion yuan, a year-on-year decrease of 3%. During the period, total revenue was 275.893 billion yuan, a year-on-year decrease of 2.03%. In the first quarter of 2024, the new business value of the life insurance and health insurance business reached 12.890 billion yuan, a year-on-year increase of 20.7% under a comparable scale.
Everbright Securities: The copper gap may expand further, and the overall center of copper prices will gradually move upward in 24-25
Everbright Securities released a research report saying that the copper industry is facing weak long-term capital expenditure growth and declining copper ore grades, and future supply increases will be limited; demand for new energy sources on the demand side will provide an increase, and traditional demand will grow slightly steadily.