Which Sectors And Sectors Have Investment Opportunities In 2017?

The first half of 2017 was the bull's hoof market, and the three quarter was the shock market.

In other words, after the accumulation of small bull market in the fourth quarter of 2016, the first half of this year has already had the basic conditions to start a huge bull market. If the bull market in the first half of the year is not good, it will probably stop in May, and if it is lucky, it will probably enter June.

It is unlikely to last until July.

But in the three quarter, the approximate rate is a broad fluctuation market. During this period, the plate market is surging, and the core catalyst is the constant stimulation of policies and industrial good expectations.

Private placement is optimistic about the A share market in 2017. They believe that the first half of the year is expected to rise, and the spring market may continue until June.

The mixed pformation of state-owned enterprises has become a new round of reform of state-owned enterprises. It is expected to become one of the defining themes of 2017. It will focus on the pilot project of "mixed 6+1" and is expected to be selected in the second batch of mixed reform pilot companies.

The core basis for making the judgement of the first half of the year is: first, in January 20th, Trump will enter the White House. In 2016, the world's largest black swan will become white swan. The certainty of its policies and orientation will continue to grow. The strength of the US dollar is strong. The exchange rate and stock market of the major non American families will enter a strong cycle. China's stock market will gradually increase after a year of small steps in 2016.

Second, in 2017, the certainty of economic stabilization increased, and the new economic kinetic energy represented by growth stocks is accelerating. The real estate industry has entered a recession period, and the debt market has been leveraged.

In 2017, the A share market will not be too bad, the index may be relatively stable overall, and the probability of maintaining the structural differentiation market will be relatively large.

First of all, since the second half of 2016, some industries have shown a trend of bottom up, which has enhanced our confidence in the smooth operation of the macro-economy in 2017.

Secondly, from the policy point of view, the overall keynote of economic work in 2017 is to move forward steadily, and monetary policy remains stable and neutral, and fiscal policy will be more powerful.

Therefore, under the background of overall macroeconomic stability, tight liquidity margin and continuous increase in stock supply, the overall performance of the A share market will be stable.

Because the valuation adjustment of small and medium-sized enterprises is not over yet, the pattern of structural differentiation will continue for a long time.

We should pay attention to the opportunities of falling out, such as the reform of state-owned enterprises, including central enterprises and local state reform, debt to equity swap and military industry.

The reform of local state-owned enterprises will be promoted in a wider and deeper level.

As the strategic layout of the state, the reform of state-owned enterprises has entered the stage of implementation. It is expected that the strength of mergers and acquisitions, state-owned investment and operation platforms and asset securitization will continue to strengthen.

The State Council is taking measures to actively and steadily reduce the leverage ratio of enterprises.

It is expected that the stock market will continue to generate.

In addition, there will be several waves of large scale military market in 2017.

Several areas deserve attention in 2017.

First, consumption.

Following the revival of the liquor industry, the retail industry may recover in 2017. The Chinese household appliance industry has grasped the core technology, and squeezed the Japanese and Korean enterprises with the advantage of industrial cluster cluster, cost advantage and market scale advantage.

The two is the supply side reform, mainly in the private capital led industries, such as chemical industry, some have or are completing the market clearing voluntarily, and the leading companies will have a marked rise in profits in 2017.

The three is the high quality growth stocks of industrial upgrading.

In 2016, growth stocks were largely adjusted due to high expectations and discounted earnings, but real high quality growth stocks successfully crossed the bull bear cycle, and some of the growth stocks that were wrongly killed will have opportunities for distribution in 2017.

In addition, the mixed reform of state-owned enterprises has become a new round of reform of state-owned enterprises, and is expected to become one of the determinate themes in 2017. It will focus on the mixed "6+1" pilot project and is expected to be selected as the "second batch" mixed reform pilot company.

From the past listed companies of state-owned enterprises reform, most of the company's revenue growth has significantly surpassed the industry average after the reform, with obvious excess returns and obvious investment value.

When screening related targets, we should focus on giving full play to the existing resources endowment, realizing the integration of upstream and downstream industries, enhancing the operational efficiency of the company, and playing a synergy role.

The "spring market" in 2017 is unquestionable. It is the best profit period for the strategic layout in the fourth quarter of 2016. We should pay attention to locking profits and bags for safety in operation, which will become a food market for many organizations.

In addition to the state-owned sector reform, debt to equity swap and military sector, the overall growth of blue chip in the first half of the year will be smaller than that of the growth enterprise market.

With the continuous deepening of "virtual reality", the market of small and medium sized boards and gem is worth looking forward to.

By the end of 2016

Gradually switching to the market share of small and medium capitalization growth stocks.

From the historical data of A shares, there is indeed a certain probability of "spring market" phenomenon, there are several main reasons: first, the re layout of investment strategies such as large institutions and funds, which will help to enhance market activity; and second, the new year will release the intensive period for the central policy, which provides the policy soil for the preference theme and the concept of funds; third, the annual report will be released densely, and the early release of earnings or earnings reports will be favored by the fund or the fund.

But "spring quotes" are not absolute, for example, in 1994, 2002, 2008 and 2016 did not appear "spring quotes".

Due to overvaluation and the cooling of M & A, growth stocks in 2016 were not performing well in the whole year. Some of the really growing stocks suffered from false losses and valuation downgrades, so the quality growth stocks are expected to have a layout period.

However, it is necessary to select stocks, and some companies whose performance is poor or because of blind mergers and acquisitions lead to pressure reduction is still too high.

The most worthwhile thing to grasp is the new stock market. Every year, it will deduce the magnificent market.

Second, we should pay close attention to the stocks of blue chip growth stocks, especially those with a large increase in annual reports, which are the first half of the stock market.

Second, we must pay attention to the "cap off" market of * ST shares. Before the Spring Festival, the key moment of the "big cap" market is the layout of big funds. Investors should pay attention to the announcement time of the annual report of the ST shares and carefully plan the time for the annual reports.

The first quarter is in the relative vacuum period of China's economic data, and also the intensive period of policy meeting.

Under the anticipation of economic stabilization, the rising price level and the direction of reform are the more specific investment clues.

Looking back from the rise of price level, the most difficult period of upstream oil service and equipment industry has passed since the rise in oil prices. The price of products in the downstream chemical industry and the improvement of profitability are worthy of attention.

In addition, during the intensive period of policy meetings, the related policies of SOE reform, debt to equity swap and revitalization of Northeast China are likely to increase.

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