Financials, Technology, Healthcare Sep 05, 2021 06:12 PM (GMT+8) · EqualOcean
Financial Associated Press, September 5 - the East Asia Qianhai strategy team believes that in the medium term, with the overseas Fed's scale reduction and landing within the year, the downward pressure on the domestic economy gradually appears, the central bank promotes credit supply, and the inflection point of the macro environment is expected to appear in the middle and late fourth quarter. From the A-share market, with the gradual implementation of large IPOs in the fourth quarter, the market liquidity expectation tends to ease. After the third quarterly report, the market is expected to form a new consensus expectation for the medium-term profit trend of the growth sector, which will also promote the repair of the profit expectation of the growth sector, and the market style is expected to return to the main line at the end of the year. In terms of industry allocation, we will actively layout undervalued industries supported by policies. Suggestions and concerns: 1) with the expansion of the gap between supply and demand of global agricultural products, the superposition of favorable policies and the short-term catalysis of the listing of industry giants, the agricultural sector represented by planting industry and aquaculture industry is expected to usher in a boom rise; 2) Pay attention to investment opportunities in construction machinery, power grid and other industries in the process of domestic fiscal stimulus; 3) The industrial boom has increased, superimposing the military industry supported by policies. The theme focuses on Hengqin new area, hydrogen energy industry chain and carbon neutralization.
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