The Value Of Blue Chips Is Prominent, And Small Stocks Are Still Expensive.

Li Daxiao, chief economist of British securities, pointed out at an economic summit held by Ning, at present, A shares lie at the bottom of the baby. At present, most of the stocks are still overvalued, but a small number of excellent companies have returned to the value area.

Li Xiao Xiao reminded that although the index fell to a low level, many stocks were still high. "At the 2850 point, the dividend yield of the Shanghai Stock Exchange 50 reached 3.66%, while the yield on the ten year treasury bond had broken three. However, it should be noted that there are still 37% of the stock price earnings ratio of more than 100 times. Blue-chip share It has become apparent, while small stocks are still very expensive. In addition, Li Daxiao pointed out that the gem fell from the 155 times price earnings ratio, now to 66 times, the market rate has dropped from 18 times to 6 times, relatively speaking, it is still more expensive.

Turning to the current investment opportunities, Li Daxiao believes there are three big opportunities. First, the Hang Seng Index of state-owned enterprises in Hongkong, two is the Shanghai Stock Exchange 50, and the three is the Hongkong Hang Seng Index. From a specific industry perspective, Li Daxiao believes that the first opportunity is the bank, the second largest opportunity comes from non bank finance, insurance and securities, trust.

Yesterday, Li Daxiao was invited to Nanjing. Mr. Li Daxiao was at the summit meeting with China. equity market In the "baby bottom rebirth" as the topic, elaborated on the late A share trend and judgment. He pointed out that "at present, A shares are at the bottom of the baby, and the 3000 point is the horizon of the stock market. At the present stage, most of the stocks are overvalued, but a small number of high-quality companies have returned to the value area."

　　 Li Da Xiao Sir, the stock index dropped from 5178 to 3300, and the second round dropped to 2850. After two rounds of downturns in the market, the downward trend from 5178 to 2850 has been temporarily suspended.

He pointed out that when the stock index reached 2850 points, the P / E ratio was 15 times, even though the A shares had risen recently, the P / E ratio was only 18 times. From this perspective, the index position is still relatively low. Li Daxiao believes that the late market will start a concussion upward, "from the top of the earth's downhill, if there is no force majeure, it should not go back to the diamond bottom, optimistic point of view, the 3000 point will be the horizon of the future, this I am very firm."