Institutional surveys surge nearly 200%, hard tech companies focus
Source: Daily Economic News Recently, after the market slumped 3000 points weakly, it searched for support downwards, but the structural market continued, and some core assets continued to hit new highs.
Obviously, private equity firms are retreating.
According to the data of the private equity emptying net combination master, as of November 8th, the average position level of domestic private equity institutions of all sizes of stock strategies was 52.
21%, the lowest level since 2019.
Is the market at the end of the year defensive or offensive?
The survey data of the institution in the past month have revealed the mystery, of which hard technology companies are the focus of research.
Private equity positions in stocks fell during the year. The data from the private equity ranking network combination masters showed that on November 8th, the average position of private equity institutions of all sizes in China was 52.
21%, the lowest level since 2019.
Looking at specific positions, 34 of them.
62% of private placements are between 20% and 50%, 34.
07% of private placements are between 50 and 80%, and positions over 80% of private placements are only 17%.
17%, and another 14.
15% of private placements are less than 20%, and the overall position of 10 billion private placements is also close to the year’s low.
This means that under the background of the market’s box shock, private placements have fallen, and there is too much “ammunition” at the end of the year.
In addition to the expansion of private equity fund positions, newly established private equity funds will gradually enter the market.
Fund industry data shows that in October this year, a total of 1,383 private equity products were filed with the Association, while November this year ended November 18, a total of 903 private equity products were registered with the Association.
Regarding the year-end market, a large number of private equity institutions corrected their defense strategies. Zhuang Hongdong, the general manager of the cheese fund, told reporters: “We still maintain the previous strategy and adopt a neutral thinking. The proportion of cash positions is between 20% and 30%.Industries with better growth and higher certainty include large consumer industries such as white goods, biomedicine, and large financial industries such as banking and insurance.
In terms of allocation, the company still maintains a strong risk control idea and a balanced allocation. The industry has a certain proportion of restrictions on promising stocks.
Li Yinghong, chairman of Longmen Assets, told the reporter of “Daily Economic News”: “The market is currently in a trend of turbulence and consolidation, rather than a clear signal of directional choice.
Class investors have divergent differences in the value of A shares: foreign investors are extremely bullish on the market outlook, but internal investors are cautious.
Analyzing various factors, we believe that it is more appropriate to maintain a relatively balanced configuration at the end of the year.
Since we are doing absolute revenue, we are currently maintaining 60% for new products?
About 70% of the positions can be attacked and retreated.
For old products with strong defense pads, we choose the strategy of holding stocks. After all, we are investing in prices. At the moment, it will be easier to make individual stock choices.
“Yuan Huaming, general manager of Huahui Chuangfu Investment, said:” We will adhere to the past full-offensive offensive strategy. This is because we judge that China’s economy and stock market have been mainly suppressed by external uncertainties in the past two years.
However, the current highest estimated level of A shares, the continuous inflow of long-term funds driven by financial reform and internationalization, and the possibility of improving the external environment, the probability and space of the current broader market are far greater than the downward probability and space.
“Yuan Huaming further stated:” The A-share pricing system is in the process of moving closer to mature capital markets, objectively conducive to value investment and long-term investment style.
The core assets of A shares, represented by industry leaders and industry leaders, have outstanding performance certainty and are estimated to be relatively low, providing investors with high-quality target options.
In the past, the A-share market has the characteristics of bears long and short bulls. At present, there may be tails of long bears.
If there is a bull market in the future, falling market shocks are a good opportunity to attack.
“Computer software is at the end of the first expansion of the study, and the agency is particularly busy.
Oriental Fortune data shows that the number of institutional research has increased in the past month. The number of institutional surveys was 8,359, an increase of 5,545 from the previous period, an increase of 197%.
Among them, the number of mainboard studies was 1,576, an increase of 1,126 compared with the previous period.
The number of GEM surveys was 2,392, an increase of 1,615 from the previous period.
The number of small and medium plate studies was 4281, an increase of 2703 over the previous period, an increase of 171%.
Judging from the number of listed companies, the institution studied 382 listed companies in the past month, an increase of 194 over the previous period, an increase of 103%.
It is obvious that hard technology has recently become one of the main lines of the A-share market, and has been continuously making new highs.
In this regard, some private equity institutions believe that technology is an investment direction that can last for a period of time. Since October, institutional investors have conducted research on internal companies including computer software, electronic devices, and high-end manufacturing.
In essence, listed companies in sub-sectors such as TMT and high-end manufacturing, which include the “hard technology” strength, are the focus of institutional research.
From the perspective of the research industry, computer software ranks first, followed by electronic equipment manufacturing, third place is electronic devices, 四川耍耍网 and fourth place is specialized equipment.
In general, in computer software, Guanglianda was surveyed by 364 institutions, followed by Shiji Information, surveyed by 113 institutions, Qixingxingchen was surveyed by 88 institutions, and China Information Information was surveyed by 81 companies.Institutional research.
In addition, Chen’an Technology, Perth Software, HKUST Xunfei, Hypergraph Software, Huayu Software and other institutions are also among the top surveyed by institutional investors.
It is obvious that from the perspective of institutional research, for technology stocks, institutional investors have begun to pay attention to performance. From the discovery records of some listed companies, the institutional concerns include the reasons behind changes in performance and the needs of downstream 深圳桑拿网 customersSituation, market space and share, and the contribution of each company’s fist products to the company’s overall performance.