2014 What Should Be The Focus Of A Share Investment In The Second Half?

Here world clothing shoes The Xiaobian of the hat net is introduced to you in the second half of 2014. Where does A share investment go?

Capital game is like a "ball game" that you fight for me: the first half is just over, and the whistle of the second half is blowing again in July. Looking back at the first half of 2014, the performance of A shares is really "smelly": IPO opens the gate, the new three boards are noisy, the crazy is new, and the concept stocks emerge in endlessly. However, A shares stand at 2000 points, and remain at the bottom of the world. Fortunately, many mainstream institutions regard the second half of 2014 as the starting point for the stock market to turn cattle, and a new round of investment opportunities seems to be beckoning to us. Here, we sort out the investment strategy reports of several mainstream organizations, and put forward some investment suggestions for the majority of investors for reference.

　 Background: multiple benefits or helping A stocks get out of the overall weakness.

We are standing at a new starting point: the government's "micro stimulation" and "adjustment structure" are proceeding in an orderly way, and the effect of the market mechanism is gradually activated. The policy combination of long and short term is also conducive to the long-term and stable development of the economy. Among them, monetary policy is flexible and stable, and fiscal and taxation reform is underway. The gradual deregulation of real estate administration and the promotion of new urbanization and regional integration reform have provided favorable factors for the stock market in the second half of the year. CITIC Securities believes that all kinds of risks represented by real estate are continuously released, and the underlying weak balance is expected to break down with the superposition of risk premium. This means that the A share market will show a weak trend. Funds in the stock market will also tend to choose safe varieties, and the growth stocks with high valuation may still be squeezing bubbles. In contrast, new industries such as service industry, equipment manufacturing industry and environmental protection industry are emerging in the new industry.

　　 Hot spots: opportunities and risks for new shares and sub shares

In the market "stir up new craze" driven, the new shares will undoubtedly become the "fat meat" that we are watching closely. Accordingly, the securities and Futures Commission disclosed that about 100 new shares will be listed in the second half of the year, and the boom will continue to spread. Most institutions believe that IPO will become the most significant investment opportunity in the second half of the market. We suggest that we actively participate in new opportunities, including the purchase of new shares and the new stock market under the new wave of speculation.

Why is it worth paying attention to the issue of new shares? With the listing of new shares and the stir up of the two tier market, a number of sub shares, which are no longer than half a year old, have been eager to challenge the high price of 100 yuan. Data show that A shares currently share more than 80 yuan, including 6 in Guizhou, Moutai, 365, Zhongxin, Dongfang, Boteng and Changchun. Zhongxin tourism has risen nearly 3 times less than half a year from the issuing price of 23.15 yuan to 90 yuan of the recent closing price. The power of Dongfang net was once the highest price of 155.78 yuan. It went through the power of ex dividend in May, and now it has increased to more than 80 yuan. After the restoration of power, the price has increased 2.4 times than the issue price.

But are all the new shares worth noting? "When the share price is doubled than the issue price, we must be alert to risks." A new private equity official said that the crazy rise of the new shares was partly underestimated by the issue price, but more importantly, the result of speculative speculation. This private placement thinks that the main members of the sub high priced shares are also very normal. Most of the twenty or thirty stocks before the stock market were listed on the gem and small and medium board stocks. Although many high priced stocks have gone down the altar, there will be a long period of strength before the downward turning point. At present, it is not easy to judge how long the sub shares will be popular, but we should be vigilant for stocks that have doubled. In addition, the price of the new shares will be affected by the overall trend of the whole market and other stocks. Therefore, we should always bear in mind that opportunities and risks coexist.

　　 Strategy: don't miss these plates and concepts.

Next we face several more important questions: Investor Which sectors should we focus on? Can we make the right judgement in front of a large number of fancy stocks? In the second half of the stock market, should we prefer the value stocks or growth stocks?

Haitong Fund believes that from 2013, information security, cultural media, medical education, environmental protection new energy, Internet, wearable equipment will become a hot spot in the medium and long term, because the direction of these industries coincides with the global wave of technology, which fits the development path of China's demographic dividend peak to the end of aging, and is also in line with the direction of China's economic transformation. Ding SA investment believes that, if the growth rate of the pharmaceutical industry has declined significantly, it will bid farewell to the general inflation, pay close attention to the stocks with substantial performance support, and be more optimistic about new energy vehicles, tourism, health consumption, environmental protection and infrastructure industries. We are cautious about computers, communications and chemical industry stocks.

The Morgan foundation has recommended that the two main lines of undervaluation, High Dividend Stocks and theme reform follow the investment opportunities of high quality growth stocks and theme value stocks. In addition, the focus is on selected stocks, focusing on investment opportunities in electronics, medicine, tourism, new energy and smart city, and information security themes. Among them, the electronic sector suggests actively paying attention to the three main lines of apple industry chain, LED lighting and semiconductors, which are promoted by the boom. In the pharmaceutical sector, the focus is on the valuation and repair of the pharmaceutical sector, as well as the opportunities for high-quality stocks in the sub sectors such as medical services, business and so on.

Look at the industry again. According to Dacheng Fund's judgement: first, despite the decline of emerging industries index, the trend needs to be confirmed. When the economic hard landing is concerned, it is still optimistic about the investment opportunities of the whole emerging industry. Second, the real estate industry still deserves attention; third, we should pay close attention to the recent policy benefiting industries, such as the Yangtze River economic belt and transportation industry, the logistics industry and the new energy sector of the power equipment; fourth, we should pay attention to the Xinjiang plate, build new Silk Road, border defense security, industrial development, promote employment, and protect the ecological environment. In addition, the non-ferrous metal market has gained a certain amount of growth in recent years, becoming the hot spot of the two financial circles in recent years. As of the last week of June, the purchase amount of non-ferrous metals sector financing was 6 billion 889 million yuan, an increase of 1 billion 980 million yuan over the previous week, an increase of 40.32%, much higher than that of other industries.

Finally, the focus of investment in the second half of the year should be more inclined to grow up. shares 。 Haitong Fund believes that the logic of A share investment is still guided by the national policy. The last government adopted the method of investment promotion. The real estate market has digested most of the investment effect, and has laid the current pattern of Shanghai and Shenzhen 300 blue chips as bank real estate. But this government's determination to carry out industrial restructuring is very firm. Therefore, the direction of the A share market must be the growth stocks to beat the blue chips.