There are four reasons why Kitakami Capital opened the “buy, buy and buy” model.
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Original title: How to open the “buy, buy and buy” mode on the edge of Beijing’s capital Source: Securities Daily Zhao Ziqiang Although there was a certain adjustment in the A-share market on Tuesday, Beijing’s capital also had 71.
Net sales of 2.8 billion US dollars, but overall, since September last year, Kitakami Capital has opened a buy-buy model in the A-share market.
”Securities Daily” reporter passed the straight flush statistics, from September 1, 2019 to January 21, 2019, the total net purchase of Beijing Capital has reached 2810.
Of the 6.3 billion U.S. dollars, out of the 92 trading days mentioned above, 82 trading days were in a net buying state, accounting for nearly 90%, and the average net inflow amount per trading day reached 30.
5.5 billion yuan.
Because the northbound funds are Hong Kong and Chinese domestic capital and international capital that entered the A-share market through the Shanghai-Shenzhen Stock Connect, there is a clear international capital imprint.
By operating in the market, Kitakami Capital has shown its professional standards and ability to grasp the timing of advances and retreats, which has been praised by investors and professionals, and has gained a market title of “smart money.”
So why did “smart money” start a continuous buying action on the A-share market after September last year?
The author believes that there are four reasons for the continued entry of Kitakami funds.
First, China’s stable development.
You know that capital is timid and will try its best to avoid turmoil and disputes, as if gold or soared whenever there were events or signs of global stability.
As a result, financial reform and opening up have continued to deepen, and policy assistance has increased its attractiveness to international capital.
In recent months, the government has continuously introduced financial reform and opening up.
On July 20, 2019, the Office 武汉夜网论坛 of the Financial Stability Development Committee of the State Council issued the “Related Interests on Further Expanding the Opening of the Financial Industry”.
In October 2019, the Securities Regulatory Commission officially cleared the time interruption of foreign equity ratios. From January 1, 2020, April 1, and December 1, respectively, the foreign shares of futures companies, fund management companies, and securities companies were cancelled.Than limit.
These policies have stabilized investment expectations for international capital and boosted confidence.
Third, the A-share market has obvious growth advantages.
Judging from the annual report performance forecast, according to statistics from the flush flush, until January 21, 1437 companies in Shanghai and Shenzhen have disclosed the 2020 annual report performance 北京spa会所 forecast.
Among them, companies with positive results (including pre-increasing, continuing profit, turning losses, and slightly increasing) reached 978 companies, accounting for 68.
There were 365 companies with pre-sad performance (including pre-reduction, first loss, slight reduction, continued loss, reduction), accounting for 25.
In the company’s published performance forecast, it can be found that there are 112 companies with an estimated annual net profit of more than 1 billion US dollars, and the number of companies with a predicted net profit doubled to 408.
The outstanding earning power of A shares is the focus of attracting the attention of all capitals.
Fourth, A shares are estimated to be low.
According to the straight flush statistics, as of the close of this Tuesday (January 21), the dynamic price-earnings ratio (TTM) of all A shares was reported at 16.
68 times, the P / B ratio is 1.
53 times, which is 111 for the 10-year average since 2010.
30% and 91.
The market value of A shares in circulation was 188018 in 2010.
5.1 billion yuan, up to the latest 501438.
1.7 billion yuan, an increase of 166.
From the above data, it can be found that even if the size of the A-share market is increasing rapidly, its estimated level is guaranteed to be at the historical average of ten years, and the estimated attractiveness is obvious.