Shanghai And Hong Kong Through The "A Stock King": Heavy Weight Folded A Stocks Were Honored

This newspaper has counted the performance of Shanghai stock through shares in the past 6 months, and found that small and medium-sized shares are still the most beloved of mainland investors.

Market capitalization is less than 50 billion yuan (RMB).

The lowest is only 3 billion 380 million yuan. In the first place, Yingkou port (Shanghai: 600317) has a market share of only 30 billion 940 million yuan.

Li Daxiao, director of the British Securities Research Institute, said that the current A share market is "small and beautiful, new and beautiful, inferior and restructured as the United States". The small cap stocks have won the heavy shares in the A share market. However, he suggests that Hong Kong or overseas investors who want to invest in A shares through Shanghai and Hong Kong will still buy better according to the value investment concept, and the large stock will be more stable.

He said frankly, "the aerospace industry shares have risen very, very expensive, basically all the unique theme stocks are not cheap, such as media, science and technology, and so on, only blue chips are flat". Therefore, Shanghai Stock Exchange should choose larger space stocks, especially those A shares which are 20% to 30% higher than those of H-shares.

In the 10 shares of Shanghai Stock Exchange, the space military industry accounted for 4 seats, including the northern navigation (Shanghai: 600435), China Airlines heavy duty aircraft (Shanghai: 600765), Cheng Fa Technology (Shanghai: 600391) and aerospace power (Shanghai: 600343). Since the announcement of the launch of Shanghai and Hong Kong, the increase has been between 91.5% and 102.3%.

Followed by software stocks, there are two representatives in the top 10 list.

UBS: foreign investors are not familiar with small stocks with reservations.

Pu Yong Hao, chief investment officer of North Asia Pacific, wealth management, believes that A shares have always been in favor of small and medium sized stocks with high growth. Therefore, it is not surprising that small and medium-sized stocks have been running out in the past 6 months. However, after the opening of Shanghai and Hong Kong, investors in Hong Kong and overseas will be able to retain small and medium-sized A shares, because they are not familiar with these A shares.

According to the increase list, the A shares, which are the highest in the market, are only tens of billions of shares in the market value. To find the A shares with a market value of more than 100 billion yuan, the former is the 89 largest hydropower company in the mainland, the Yangtze River Power (Shanghai: 600900), an increase of 39.9%.

Other heavy A shares, such as PetroChina (Shanghai: 601857) and ICBC (Shanghai: 601398), with a market value of more than trillion yuan, rose by only 5.5% and 9.1% during the period, reflecting the fact that A shares are the world's finely priced stocks.

Pu Yong Hao pointed out that after the launch of Shanghai and Hong Kong, the situation of fine stocks will not change, but the proportion of institutional investors will increase significantly.

He estimates that Hongkong and overseas investors should prefer A and H to larger shares of A shares, such as intra bank shares and railway shares. Some Hongkong listed but larger A shares, such as home appliances, software stocks and consumer stocks, are expected to be more popular with investors.