News summary
The CICC research report emphasized that China's economic policy reform will be further strengthened to help the A-share market recover expectations and investor confidence is expected to be boosted. Currently, the Shanghai and Shenzhen 300 Index has a forward P/E ratio of 10multihandpoker.5 times, there is still room for valuation repair, and the profit forecast for the first quarter has improved marginally. It is recommended to pay attention to policy changes in the export chain, global pricing of resource goods, utilities and other sectors, and new energy industry.
Newsletter text
[CICC's latest research report predictsmultihandpoker: China's economic policies and reforms are expected to further accelerate, and market expectations are expected to gradually recover] CICC proposed in its research report released on May 26 that in the near futuremultihandpokermy country's economic policies and reforms are expected to increase, thereby continuing to promote investors 'positive expectations for the future. Although the A-share market is currently undergoing phased adjustments, the overall market recovery trend since February has not ended. After an adjustment period, major indices are expected to resume their upward trend. The report also pointed out that although market valuations have undergone a certain degree of repair, the current forward P/E ratio of the Shanghai and Shenzhen 300 Index is only 10multihandpoker.5 times, and there is still room for improvement compared with the historical average. As the first quarter ends, corporate earnings expectations also show signs of marginal repair, which will further support the performance of the stock market index. In terms of asset allocation, the report recommends that investors pay attention to export chain industries with strong external demand and globally priced resource products, both of which have allocation opportunities in the current economic situation. At the same time, market attention in some sectors where product prices are rising, such as utilities and other industries, is increasing. In addition, green sectors such as new energy are also worthy of investors 'attention, especially the recent marginal changes in industrial policies, which may help change investors' expectations.