How To Invest In The Second Half Of The Year? Looking For Stocks With Pricing Power

How to invest in the second half of the year? Recently, at the investment strategy report meeting of China Southern Fund in the second half of 2011, Qiu Guolu, the investment director of China Southern Fund, said that he was relatively optimistic about the market in the second half of 2011, among which there were four investment main lines worthy of attention.

Qiu Guolu first gave reasons for optimism, policy Close to the subtle point of change, that is, from tightening to less tightening, but still tightening, the pressure is more relaxed, giving the market room to rise; second, from the market valuation, the current valuation of the entire CSI 300 is only 12 or 13 times, if the profit forecast is not significantly lowered, the market will not fall much; many enterprises are still sustainable The driving force of development, at a deeper level, the change in the pattern of industrial competition is that in the past 10 years, industrial integration has been carried out very deeply, the utilization rate of industrial capacity is relatively high, and there will be no obvious overcapacity, which leads to the sustainable profits of enterprises.

At the same time, the improvement of capital comes from two aspects: one is from loans, with a slight increase in the same proportion in the second half of the year; the second is that the current investment channels are limited, and the stock market is a good place to go.

"In terms of policy, capital, valuation, profitability Economics In general, the economy is a soft landing, not a hard landing, so I am relatively optimistic about the market. " Qiu Guolu concluded.

In terms of promising industries, Qiu Guolu also gave his own investment main line: low valuation, oligopoly, inflation beneficiary and brand enterprises.

Qiu Guolu further analyzed that the cheapest property in the market is bank real estate. The assets of the bank are around 7 times P / E ratio, which is a good choice. If the real estate is adjusted by 10%, it is a very good turning point. Real estate industry concentration is increasing, which is a good thing.

What is oligopoly? Qiu Guolu pointed out that "oligarchy" manufacturing industry It really represents China's advantages. In 2010, we have allocated a lot of construction machinery enterprises, which has increased by four times in the past year. It really represents the competitiveness of a country, as well as construction machinery, white household appliances, and some auto parts. ".

In addition, beer and men's wear brands are two types of brand enterprises he is more optimistic about. In terms of clothing sales, men's clothing sales account for 48% of the total clothing sales. In this case, men's wear of high-end brands is better, beer and liquor are also worthy of attention. In addition, some anti inflation stocks are also good. They are essentially equivalent to nonferrous stocks, but their valuations are low.

"The key to investment is to grasp the essence of investment. Generally speaking, when the valuation is reasonable, or when it is cheap, buy good things. Good things must be in good industries, so you must choose good industries and plates to buy stocks. Concentration in the industry gradually increased to a critical point, resulting in an oligopoly, so we should look for stocks with pricing power. " Qiu Guolu said.
?