Exchange Rate Fluctuations "RMB Concept Stocks" Deserves Our Attention

< p > yesterday, the vice president of the central bank, Yi Gang, said that the RMB a href= "http://www.91se91.com/news/index_cj.asp" > exchange rate < /a > will continue to fluctuate in two directions in the future. This is interpreted by the market as a management attitude towards the RMB exchange rate. In the A share market, the "RMB concept stocks", which is benefited from the low RMB exchange rate, has begun to show good performance in the export oriented industries. < /p >
< p > recently, the low exchange rate of RMB has become the focus of attention of the market. Since the middle of last month, the renminbi has seen an accelerated depreciation trend. Especially in February 28th, the spot exchange rate of US dollar against RMB once reached 6.1808, and the RMB depreciated more than 500 basis points, a record high of nearly 1 years. < /p >
"P" yesterday, the central bank vice president Yi Gang said, do not over interpret the RMB exchange rate volatility, and will continue to be two-way fluctuations in the future. < /p >
< p > researchers believe that there are advantages and disadvantages in every matter. The low exchange rate of RMB makes investors worry that hot money will flow out and have a negative psychological impact on the stock market. On the other hand, it will be beneficial to stabilizing export situation and restraining the inflow of interest bearing capital, and has a positive impact on some export oriented enterprises. Market participants call these stocks "RMB concept stocks". Yesterday, Shen Da shares and Jianghuai motors were trading on a daily basis. < /p >
< p > < strong > favorable export listed companies < /strong > < /p >
< p > Zhejiang Merchants Securities Zheng Jianchao believes that historically, the low RMB exchange rate has a negative impact on the stock market as a whole. As in June 2013, the RMB exchange rate fell nearly 300 basis points in less than 10 days, when the stock market once bottomed out. < /p >
< p > however, from the perspective of the industry, the low RMB exchange rate is favorable for export oriented industries, especially, such as < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > a target= "_blank" href= "_blank" > clothing industry, export oriented chemical industry and so on. In the A share market, the industry has been rising because of the RMB exchange rate, and its share price has continued to fall. At present, it is also at a historical low and will be better stimulated in the short term. < /p >
< p > the view of the comprehensive research group that the low RMB exchange rate mainly benefits the six industries. Specifically, first, the textile industry is good, encouraging the growth of the textile industry. Two, the depreciation of the Renminbi or the attractiveness of imported car prices will drop, making domestic cars better. Three, the depreciation of RMB will increase the purchasing cost of import enterprises, but it will be good for export oriented chemical enterprises. Four is the coal industry, Changjiang Securities believes that the exchange rate interest rate changes, the import of coal is facing the pressure of relative price reduction, and good domestic trade coal. Five, the depreciation of the RMB will indirectly promote the downstream industries such as machinery, household appliances and other industries, or will lead to a better domestic steel market. Six, the shipping industry's performance is directly related to exports, and the devaluation of the renminbi has led to exports. < /p >
< p > < strong > textile and shipping stocks have the opportunity < /strong > /p >
"P >, then, specifically, what can investors pay close attention to? Zheng Jianchao believes that from the market trend, the market share of textile stocks, auto stocks and chemical stocks is deeper, and we can focus on the leading stocks. < /p >
< p > Guotai Junan Securities Li Jiajia believes that the spot exchange rate depreciation of foreign exchange RMB is favorable for textile exports. It is optimistic that the export market will continue to warm up, and the overall performance of textile and clothing will be promoted throughout the year. In addition, the depreciation or stimulation of the export of domestic textile and chemical industries will bring some benefits to container shipping, and even stimulate the demand for raw materials to drive the dry bulk shipping market. < /p >
< p > < strong > related stocks: < /strong > < /p >
< p > three Lane Lane (600370) main printing and dyeing finishing, with an annual production capacity of dyed cloth 100 million meters, 9 dyeing and finishing production lines and 6 large overflow dyeing machines. The product is about 60% exports, which is an advanced foreign exchange enterprise in China. Digital Tianyu once wanted to backdoor listing, but it ended in the end. Market participants believe that the company may also be re organized. < /p >
After the loss of P (*ST) Ocean (601919) for two consecutive years, the performance of the company will turn into a deficit last year. The company said that after the annual report was disclosed, ST ocean would apply to the Shanghai stock exchange for the cancellation of ST. In 2013, the imbalance between supply and demand of the international shipping industry still had no substantial improvement. On the one hand, the losses from losses were reduced. On the other hand, it was related to capital operations such as the continuous sale of equity assets. < a href= "http://www.91se91.com/news/index_s.asp" > market < /a > people believe that the international shipping industry has obviously recovered in the fourth quarter of 2013, and the company's performance is expected to improve this year. < /p >