Period Shanghai stock index even innovation low, but part Bank, and real estate unit performance strong Yu market, continues to played market "mainstay" of role, became stock type Fund fled market decreased by trapped Council of "Noah's Ark". yesterday Shanghai stock index disc in the again innovation low, Bank, and real estate unit afternoon led market recovered landless, continues to played Shang Friday market "mainstay" of role. and four quarter yilai, Shanghai stock index decreases has over has 5%, most stock with market again innovation low. Meanwhile, Bank, and Property stocks valued advantages become apparent, not only since the four-quarter outperformed the broader market, even stocks to achieve trend rise. in banking, real estate equity funds three quarterly holdings NET relatively strong performance, some banks and property stocks become equity funds escape from falling markets woes "Noah's Ark", these equity funds heading will also drive forefront of the rankings. Policy tuning cast "EPEE front" and "real estate, bank stocks in recent years
Policy effects all the way to adjust and valuations at historically low levels. once policies to fine-tune, real estate, banking stocks are expected to turn defensive into offensive and start from the low, a more significant rebound. " Early in this year four quarter early, on has Fund Manager so wait-and-see property, and Bank plate. November last day Central Bank cut save quasi rate, South Fund Chief policy analyst Yang Delong think cut deposits reserves indicates with policy will by excessive tightened gradually steering moderate loose, early by crunch policy suppressed of industry, as property, and Bank, industry will formed better of stimulus, is expected to take policy good appeared a wave rebound. Policy under the stimulus of fine tuning, "Aug re" weight of the real estate, Bank shares, in the confusion of four quarters "splitting Jing cut Spike", some of these stocks gains a more respectable gains. WIND data show that as of December 18, the leading listed companies in real estate investment real estate (000024) since the four-quarter gains
7.35%, or 13.5% this year; poly real estate (600,048) or 7.89% since the four-quarter, year or 3.77%; vanke a (000002) four quarters up 2.62%, drop this year shrank to about 8%. Bank, Minsheng Bank (600,016), four quarters or 7.61%, or 20.42% this year; the Bank (601,939), four quarters or 5.91%, Since the beginning of this year or 5.92%; Hua Xia Bank (600,015), four quarters or 11.37%, or 4.9% this year; the industrial and commercial bank (601,398), four quarters or 4.77%, or 2.5% this year. Pai Tau unit basis weight cartridge Bank real estate benefits from some banks, real estate stocks good market performance in the third quarter to warehouse holding stocks of equity funds
Former ranking prominently. WIND data show that as of December 18, 412 of the inclusion of statistics in various equity funds, the four quarters of the top two are the guotai SSE 180 and Cathay financial ETF join Shanghai 180 financial ETF, net growth rate of more than 2%. Four quarter net growth ranked Qian three of active type stock type Fund of three quarter ten heavy cartridge unit are has Bank unit or property unit. currently provisional column annual net performance topped of Oriental policy growth, three quarter Qian ten heavy cartridge unit more for Bank, and property unit, accounted for net assets proportion over 25%; provisional column second bit of Bo Shi theme industry, three quarter Qian ten heavy cartridge unit in the of Bank, and property unit accounted for than Super 20%; third bit of Huaxia income first large heavy cartridge unit for livelihood Bank. Fund managers said that currently bullish on banks, mostly because of its valuation of the real estate advantages. Bank stock valuations advantage is obvious, high margin of safety, a future
Valuation fixed prices were more likely, and real estate stocks you need to look at policy "face", once the easing more than expected, high quality real estate stocks are likely to have "violent" market performance. WIND data display, based on the combined method after the removal of negative, on December 16 a share of the overall earnings 12.6 times, net rate of 2.19 times, times, and the real estate sector's overall earnings to 12.45 times, book is 1.94 times times, the banking sector overall was 6.9 times times forward earnings, 1.56 times times book value. In addition, the research institutes also expect monetary policy environment will improve next year, property stocks banks "Qian Jing" relatively bullish. Joint huatai securities research report indicates that 2012 trend of inflation come down really established, will lead to continued tightening of monetary policy in China--not only to the end of the overall valuation of the stock market for some fixes, will also help repair the real estate sector valuations appear up--it would be
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