GF Strategy: Growth Continues Toward Value Allocation, Inflation Benefit Chain + Steady Growth_ Securities Times Network

Securities Times e-company news, GF Strategy believes that A-shares still need to “think carefully”, continue to grow tangentially to value, and allocate the benefit chain of inflation + stable growth. Before the real estate supply and demand blockage and the epidemic prevention policy have not changed significantly, the bottom of the A-share profit cannot be expected to form a consensus. Therefore, the value stocks may be dominated by shocks, while the growth stocks will still be trapped in the upward trend of US bond real interest rates and changes in the supply and demand pattern. . Therefore, A-shares still need to “think carefully”, and the value style will continue to dominate. Industry allocation: 1. Resources/materials (coal/copper/potash fertilizer) benefiting from “supply-demand gap” inflation; 2. “Old-style” steady growth Carrying the role of economic “stabilizer” (real estate/consumer building materials/home appliances); 3. Consumption “steady growth” and post-epidemic recovery expectations (leisure services/hotels).