December 5, Shenzhen-Hong Kong Stock Connect welcomes its 1 st birthday. Statistics show that during the 236 trading days since its launch, Shenzhen Stock Connect recorded a net outflow of only 16 trading days with a cumulative net inflow of 148.762 billion yuan, representing A-share market continued to pour into the living water from the top ten daily active board listed on the number of times the list, the United States Group, Hikvision, Wuliangye, Gree, Yang shares and BOE A ranking 6 stocks ranking Previously, the number of times the list were more than 100. Today, this article special analysis of the above stocks for interpretation, for investors reference.
Midea Group (000333)
Shenzhen Stock Connect accumulated net purchases of more than 23 billion yuan
"Securities Daily" Market Research Center statistics found that 236 trading days since the opening, the Shenzhen Stock Exchange only 16 trading days net outflow of net inflow of up to a total of 148.762 billion yuan of which the United States into a deep group shares The fund's most favored target, in 236 trading days, boarding ShenShenTong daily active list 233 times, in all the deep shares in the top of the standard.
In addition to the number of times on the list, according to the statistics of the top ten daily active shares in Shenzhen Stock Connect, since the opening, the total share capital of the Shenzhen Stock Exchange has reached 23,136 million yuan, the net buying amount is also in the deep standard In the first place.
In fact, from the US group's earnings report, we can also see the footsteps of the Shenzhen Stock Exchange. Since the first quarter of this year, the shareholders of Hong Kong Securities Clearing Company Ltd. representing the northbound capital first entered the list of the top ten tradable shareholders of the Group. As of the end of the third quarter, Shenzhen Stock Connect through the steady holdings of the United States has been the second largest shareholder of tradable shares of the throne, specifically, as of the end of the third quarter, Hong Kong Securities Clearing Company Limited has a total of 577.3238 million shares held by the United States, The total number of outstanding shares of the company has reached 9.11%.
In the Shenzhen Stock Connect continued to buy other favorable factors, Midea Group performed well in the market this year, with a total increase of 88.16% during the year. The latest closing price was 51.50 yuan, corresponding to a dynamic PE of 19.99x and 4.74x respectively.
Fundamentals, the company is the leading domestic appliance industry, the main business involves large appliances, small appliances, electrical and logistics, and other four plates.In January this year, the company acquired a wholly owned subsidiary overseas MECCA 81.8% stake in KUKA Group, the success of Open up the robot market.
For the performance of the Group's market outlook, SWS Hongyuan said that the strong growth of household electrical appliance business endogenous, KUKA business is well under way to maintain the company 2017-2019 earnings per share of 2.64 yuan, 3.06 yuan and 3.55 yuan forecast, the corresponding price-earnings ratio 20 times, 17 times and 15 times respectively, benefiting from the rapid rebound in the air conditioning business of the Company, the obvious trend of the duo in the washing machine business, opening up a broad space for development of the robot business and maintaining the Company's "Buy" investment rating.
Hikvision (002415)
Shenzhen Stock Connect accumulated turnover of nearly 72 billion yuan
According to the data statistics, Securities Daily Market Research Center found that in 236 trading days since the opening of Shenzhen Stock Connect, Hikvision consolidated a daily total of 229 shares in Shenzhen Stock Exchange and was listed on the Shenzhen Stock Exchange In the second.
Specifically, according to the daily shares of the top ten daily shares of Shenzhengtong, Hikvision cumulative shares of deep capital turnover of 71.882 billion yuan, the highest among the Shenzhen Stock Exchange; net purchase amount was 223.12 100 million yuan, only lower than Midea Group, located in the second place for all deep shares.
By combing Hikvision last year, the end of the reporting period the top ten listed shareholders of tradable shares can be found, since the end of the first quarter of this year, the shareholders of Hong Kong Securities and Exchange Center for the first time into the top ten negotiable shareholders Hikvision, as of the three At the end of the quarter, the total number of shares held by the shareholder reached 861,164.04 million shares, accounting for 11.87% of the total outstanding shares of the Company and became the second largest circulation shareholder of the Company.
Fundamentally, the company is the world's largest security vendor, providing security, visualization management and big data services to the world.On the performance side, according to the company's annual report performance notice revealed that the company expects to achieve net profit of 8538326700 yuan to 10023253100 yuan this year, An increase of 15% to 35%. The Company explained that the reason for the change in performance was sustained and steady growth of its operating results.
Market performance, Hikvision this year, the stock price continued to rise, as of yesterday, the cumulative increase has reached 145.53%, the latest closing price of 38.39 yuan, corresponding to the dynamic price-earnings ratio of 40.61 times, the net book value of 13.16 times the investment opportunities for the stock , CITIC Securities said it expects the company in 2017, 2018, 2019 earnings per share were 1.04 yuan, 1.3 yuan, 1.59 yuan, taking into account the company as a leading white horse premium effect, in accordance with the 2018 37 times earnings, given the target price of 48.10 Yuan, maintain 'buy' rating.
Wuliangye (000858)
Share price doubled during the year
According to statistics, Securities Daily Market Research Center found that since the opening of Shenzhen Stock Connect, Wuliangye has made 223 boardings daily in Shenzhen Stock Connect, and the number of boarding debutings has reached the third place in the Shenzhen Stock Exchange.
Specifically, according to the Shenzhen Stock Exchange daily top ten active stocks data from the point of view, since the opening of the Shenzhen Stock Exchange, Wuliangye accumulated deep share capital turnover of 31.345 billion yuan, the cumulative net purchase amount of 3.623 billion yuan.
Market performance, this year Wuliangye shares have doubled, as of yesterday, the cumulative increase reached 101.15%, the latest closing price of 67.95 yuan, corresponding to the dynamic price-earnings ratio of 29.83 times, the net book value of 5.10 times.
Through combing, though Wuliangye's investment opportunities are still widely recognized by the agencies, the investment opportunities of Wuliangye are still widely recognized by the institutions, though the Southwest Securities said at present, from the perspective of channel inventory and terminal price performance, the liquor industry is still in a healthy running condition and the liquor sector will continue to be optimistic Investment opportunities, the short-term callback provides the timing of the layout of high-end liquor growth certainty, Wuliangye expected to improve the performance of high performance, optimistic about next year's performance valuation double upgrade, firm long-term holdings is expected 2017-2019 earnings per share were 2.44 Yuan, 3.14 yuan, 3.82 yuan, the next three years will maintain a compound annual growth rate of 28.8%, giving the company 25 times the valuation in 2018, corresponding to the target price of 78.5 yuan, given the "buy" rating.
Gree Electric Appliance (000651)
Valuation is expected to further improve
According to the data statistics, Securities Daily Market Research Center found that since the opening of Shenzhen Stock Connect, Gree has entered the daily daily active list of 222 shares and the number of debut ranked fourth in the Shenzhen Stock Exchange.
Specifically, according to the Shenzhen Stock Exchange daily top ten active stocks data, since the opening of the Shenzhen Stock Exchange, Gree shares accumulative total deep share capital turnover of 46.767 billion yuan, the cumulative net purchase amount of 15.44 billion yuan, of which the net Buy the amount of all deep shares in the third standard.
Market performance, this year, Gree Electric rose a total of 79.34%, the latest closing price of 67.95 yuan, corresponding to dynamic price-earnings ratio of 12.91 times, 4.33 times book value.
Can see that in the stock after a long period of turmoil rose, Gree still has a strong valuation advantage, in fact, research institutions also expressed optimistic about Gree further enhance the valuation, which, Huatai Securities, said Gree Electric Appliance as the industry leader , With obvious monopoly advantages, strong channel control and pricing power, hedging of raw material prices through hedging of average product prices, and continued growth of business performance. Meanwhile, a large number of foreign-invested domestic appliance leaders will help raise the valuation center and reduce Estimated volatility due to early air-conditioning sales and lower channel inventory levels, increase the company's earnings forecast, estimated 2017-2019 earnings per share were 3.35 yuan, 3.96 yuan, 4.58 yuan, to give 2018 13 times -15 Times earnings, raise the target price to 51.48 yuan -59.4 yuan, maintaining the 'buy' rating.
Yanghe shares (002,304)
New join hundred yuan stock camp
According to the data statistics, Securities Daily Market Research Center found that since the opening of Shenzhen Stock Connect, Yanghe Co., Ltd. has made 141 boardings daily in Shenzhen Stock Connect and the fifth largest boarding debacle in the Shenzhen Stock Exchange.
Specifically, according to the daily shares of the top ten daily shares of Shenzhen Stock Exchange, since the opening of Shenzhen Stock Connect, the total turnover of Yanghe shares has reached 14.959 billion yuan, with a net purchase value of 4.501 billion yuan.
Market performance, Yanghe shares soared 56.53% this year, and become a new member of the hundred yuan shares camp, the latest closing price of 107.86 yuan, corresponding to the dynamic price-earnings ratio of 24.74 times, the net book value of 5.71 times.
For the stock, Huatai Securities said the company's product prices rose steadily, is conducive to improving the dealer profits, increase their enthusiasm, and then drive the company's product sales is expected to 2017-2019 net profit attributable to parent company respectively 68.54 billion yuan, 83.02 Earnings per share were RMB4.55, RMB5.51 and RMB6.59, respectively, compared with the corresponding period of the previous year. The P / E of comparable companies in the same industry was 29.12 times of the average in 2018, giving the company 2018 28 times -30 times the valuation, corresponding to the target price of 154.28 yuan -165.30 yuan, given a "buy" rating.
BOE A (000725)
Three quarterly net profit rose more than 45 times year on year
Securities Daily Market Research Center According to data statistics found that BOE shares since the opening of the BOE A total of 129 times the board of Shenzhen Daily shares daily active list, boarding the number of deep shares in the sixth standard.
Specifically, according to the daily shares of the top ten daily shares of Shenzhen Stock Exchange, since the opening of Shenzhen Stock Exchange, BOE has accumulated a total turnover of 205.37 billion yuan for Shenzhen Stock Connect with a net purchase value of 1.365 billion yuan.
Market performance, this year BOE A cumulative increase of 97.31%, the latest closing price of 5.60 yuan, corresponding to the dynamic price-earnings ratio of 23.71 times, the net book value of 2.33 times.
It is worth mentioning that the company achieved a substantial improvement in the first three quarters of this year, according to the disclosure shows that in the first three quarters of this year, the cumulative net profit attributable to parent company 64.76 billion yuan, a substantial increase of more than 45 times .To this, Zhongtai Securities said , The company OLED capacity release, a new engine to improve performance, steady growth of LCD business can be expected, the layout of things such as networking is expected to enhance the valuation of the company expects 2019 -209 net profit of 8.5 billion, 12.0 billion, 15.7 billion Yuan, earnings per share were 0.24 yuan, 0.34 yuan, 0.45 yuan, combined with the valuation of similar companies and performance growth, given 20 times the 2018 valuation, the target price of 6.8 yuan, given the "buy" rating.