News summary
CICC analysis believes that despite the recent phased adjustments in A-shares, the increase in economic policies and reform expectations will push the market to continue to repair, and the main index is expected to resume its upward trend. The Shanghai and Shenzhen 300 Index has a forward P/E ratio of 10jackpotcharmcasino.5 times, there is still room for valuation repair, and improvement in earnings expectations after the first quarter will support market performance. It is recommended to focus on green sectors such as export chain industries, globally priced resource products and new energy.
Newsletter text
[CICC analyzed that the phased adjustment of the A-share market will not affect the sustainability of its repair market]. The analysis pointed out that my country's economic policies and reform measures are expected to be further strengthened in the future, which will promote the continued improvement expected by investors. Despite the recent market correction, this does not mean that the trend of market repair since February is over. After adjustments, the main indices are expected to resume their upward trend. At present, although market valuations have rebounded, the forward P/E ratio of the Shanghai and Shenzhen 300 Index is still only 10.5 times, lower than the historical average, and improvement in profit expectations after the first quarter will also support the subsequent performance of the index. In terms of asset allocation, against the background of good external demand, there are still investment opportunities in export-related industries and globally priced resource products.jackpotcharmcasino; Some industries with rising prices, such as utilities, are receiving increasing market attention; green sectors such as new energy need to pay attention to recent marginal changes in industrial policies, which will help improve investors 'expectations.