Guided readingThis week, the cumulative net inflow of northbound funds was 5.014 billion yuan, which has been a net inflow for three consecutive weeks. The list of Masukura with a large proportion of northbound funds is here! Crazy bargain hunting cold chain logistics concept stocks, the home appliance industry is favored.
This week, the three major indexes of A-shares bottomed out and then started to rebound rapidly. The last three trading days before the “May 1” long holiday recovered the big negative line on Monday in one fell swoop, and the Shanghai index returned to above 3,000 points. When the index rebounded, northbound funds also showed signs of returning. This week, the cumulative net inflow of northbound funds was 5.014 billion yuan, which has been a net inflow for three consecutive weeks.
From an industry perspective,The sector that accounted for the largest increase in northbound capital this week was the home appliance industryfollowed by brewing and photovoltaic sectors, batteries, electronic components, securities, automobiles and other sectors were also topped by northbound funds.
The reason why the home appliance industry has won the favor of northbound funds may be closely related to the devaluation of the RMB. Some institutions believe that the devaluation of the RMB will benefit export-oriented enterprises of home appliances. Bohai Securities said that from the export side, China’s home appliance export volume declined slightly from January to February this year, but the recent continuous depreciation of the RMB is good for home appliance export-oriented enterprises, which is expected to improve the profitability of enterprises and increase exchange income. In summary, the industry is temporarily rated as “optimistic”, and it is recommended to pay attention to Midea Group (000333), Haier Zhijia (600690), Gree Electric (000651), Beiding (300824), Zhejiang Midea (002677) and Xinbao (002677) 002705).
From the perspective of individual stocks, the ratio of northbound funds to individual stocks has increased significantly this week compared with the past few weeks. The data shows that the top 10 stocks with the highest Masukura ratio were all increased by more than 1% by northbound funds. Among them, the stock with the largest increase in holdings is China Eastern Airlines Logistics, which was significantly increased by 4.53% by northbound funds this week; Yunnan Baiyao was increased by more than 2% by northbound funds, and Sanquan Foods, Fuling Mustard and other stocks also topped the list.
It is worth mentioning that the largest increase in the proportion of northbound funds last week was also China Eastern Logistics. In the past two weeks,Northbound capital increased its shareholding in the tradable shares from 6.7% to 16.58%, and its holdings increased by nearly 10%.However, this week, the stock price of China Eastern Airlines has shown a negative correlation with the market trend. Against the background of the collective rebound of the broader market, the stock price of China Eastern Logistics has fallen by 10.28% this week, and the Northbound Fund, known as “smart money”, has conducted an investigation on the stock. A counter-trend bargain.
The recent increase in the large proportion of Northbound funds in China Eastern Logistics may be related to its dazzling performance. China Eastern Logistics released its first quarterly report this year on the evening of April 28. The financial report showed that the company achieved operating income of 6.612 billion yuan in the first quarter, a year-on-year increase of 46.43%; net profit attributable to shareholders of the listed company was 1.374 billion yuan, a year-on-year increase of 102.32%. The previously released annual report shows that the operating income in 2021 will be about 22.227 billion yuan, a year-on-year increase of 47.09%; the net profit attributable to shareholders of listed companies is about 3.627 billion yuan, a year-on-year increase of 53.12%.
Guosen Securities said that the sharp rise in air freight rates has driven China Eastern’s logistics revenue to achieve a growth rate of nearly 50%. As the global supply chain has not yet recovered, and the domestic policy of “dynamic clearing” remains unswerving, the country still needs to wait for the opening of the country’s doors under the current epidemic prevention policy. high.
(Source: Financial Associated Press)