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Of course, the recent valuation of A shares by GF Securities excluding financial services found that the PE P/E ratio rose from 377 times last week to 303 times this week (the first week of June), and is currently at 1 standard deviation. The upper edge. From this point of view, the currenHow to buy stocks detailed stepst valuation of A shares is not low.
According to the statistics of Flush (300033), a reporter from the Securities Daily found that as of December 2, the balance of the two financial markets in Shanghai and Shenzhen reached 15,8891 trillion yuan. In the two trading days since December, the cumulative balance of the two financings increased by 141.4 billion yuan. Among them, the total financing balance increased by 127.7 billion yuan.
⊙Reporter Chen Qijue○Editor Lin Jian Since the third quarter, the photovoltaic sector has sprung up and once became the leading gainer of A shares. The recently announced three quarterly reports show that many listed photovoltaic companies have performed well. On October 30, Sungrow Power (300274) released its three-quarter report report that far exceeded market expectations. In the first three quarters, the company achieved a net profit of 19.5 billion yuan attributable to its parent, a year-on-year increase of 1161%. Among them, the net profit attributable to the parent in the third quarter was 4.9 billion yuan, a year-on-year increase of 2379% and a month-on-month increase of 164%. The third quarter report exceeded expectations mainly due to the joint efforts of the company's various businesses. According to the analysis of Deng Yongkang, the new chief researcher of Essence, the company shipped 19 GW to 20 GW of inverters in the first three quarters, and shipped 9 GW to 10 GW in the third quarter alone, close to the level of the entire first half of the year. In terms of profitability, the company's gross profit margin has also increased significantly. The main reason is that the increase in shipments has led to a decline in costs, the second is that the price of upstream components has dropped significantly, and the third is that the proportion of overseas inverter shipments has increased. He believes that the company's inverter market share is expected to continue to increase from the current 20% in the future, and as the company accelerates its penetration into overseas high-margin regions, the profitability of inverter products is also expected to remain at a good level. In addition, with the increase in the proportion of new energy power generation and the advancement of smart grid construction, the energy storage market is expected to enter a period of rapid development, and the company's energy storage performance may continue to grow. Longi's (601012) third quarter report released on October 31 showed that the company's net profit in the first three quarters reached 65.7 billion yuan, a year-on-year increase of 844%. Among them, the net profit attributable to the parent in the third quarter was 24.1 billion yuan, a year-on-year increase of 593%. Longi's shipments and profitability have both improved. Among them, silicon wafers mainly benefited from the release of production capacity in the third quarter. Although the price of silicon materials rose sharply in the third quarter, the gross profit margin of the company's silicon wafer business continued to increase from the previous month. The main reason was that the company's silicon wafer prices fluctuated upward with the price of silicon materials since August, locking in most of the profits; the second was the third quarter. Among the consumed silicon materials, there is a low-cost inventory purchased in the early stage, so the cost-side increase is smaller than that of polysilicon materials. Deng Yongkang said. In addition to the above two companies, Tongwei (600438) achieved a net profit of 33.3 billion yuan attributable to its parent in the first three quarters, a year-on-year increase of 457%; GCL Energy (002015) achieved a net profit of 3.8 billion yuan in the first three quarters, a year-on-year increase An increase of 1618%; CSG A’s net profit attributable to the parent in the first three quarters was 2.7 billion yuan, an increase of 353% year-on-year; Foster (603806) net profit attributable to the parent in the first three quarters was 7.1 billion yuan, an increase of 406% year-on-year; Jinlang Technology (300763 ) The net profit attributable to the parent in the first three quarters was 100 million yuan, a year-on-year increase of 1884%. The performance of listed photovoltaic companies is almost full of red, which confirms that the industry is gradually moving towards a period of strong power. This is not only reflected in the fact that leaders such as Longji and Tongwei gradually have the pricing power of silicon wafers and solar cells, but also reflected in the crystal The orders from companies such as Australia and Jinko have become more concentrated. Ding Wenlei, a senior industry person and chairman of Shandong Hangyu Energy Co., Ltd., said in an interview with a reporter from the Securities News that some research institutions believe that with the advent of the era of parity, the photovoltaic industry may usher in 10 years under the impetus of a new generation of technology. Times the expected installed capacity. In the long run, photovoltaic demand will be more active and related companies will benefit more. The popularity of the photovoltaic industry can also be seen in the "Analysis and Forecast Report on the National Power Supply and Demand Situation in the First Three Quarters of 2020" issued by the Electricity Council. The report shows that in the first three quarters of this year, investment in wind power, solar power, and hydropower increased by 134%, 119%, and 21% respectively, and investment in wind and solar power doubled. The construction and operation of photovoltaic power generation announced by the National Energy Administration at the online press conference in the fourth quarter also showed that in the first three quarters, the country’s newly installed photovoltaic power generation capacity was 18.7 million kilowatts, and the national photovoltaic power generation capacity was 2005 billion kilowatt-hours, a year-on-year increase of 19%; The average utilization hours of photovoltaics were 916 hours, an increase of 6 hours year-on-year. It has been proposed to strive to achieve carbon neutrality by 2060. This goal will force the energy transition to accelerate significantly, and renewable energy sources such as photovoltaics are expected to develop at a double speed in the 14th Five-Year Plan period and beyond. This may be the fundamental reason why photovoltaics are widely optimistic. An industry insider judged.
The current A-share market is at the bottom of historical valuation. The marginal improvement of the internal and external environment is a good opportunity for the current layout value. In the future, we will focus on changes in the market structure, and will continue to look for high performance certainty, prosperity, growth and valuation. Matching individual stocks and industries, such as investment opportunities in consumer, pharmaceutical, 5G concepts, consumer electronics, agriculture, photovoltaics and other industries.
The Shanghai-Shenzhen Stock Connect Central Clearing Shareholding record disclosed by the Hong Kong Stock Exchange yesterday shows that among the top 30 largest stocks of northbound funds, 25 received foreign capital gains on Monday, and 4 of them increased their holdings of northbound funds in a single day. More than 2%. And of the 4 stocks that received a massive increase in foreign capital on Monday, 3 are only subdivision leaders in the new energy field.
From a technical point of view, the Shanghai Composite Index opened below the 5-day moving average today, and the 5-day moving average began to turn down today. The MACD red column was shorter than the previous trading day, and the KDJ indicator moved down today after yesterday’s death cross. , The trading volume has shrunk compared to the previous traHow to buy stocks detailed stepsding day, indicating that the market still has short-term adjustment needs. The Shenzhen Component Index opened below the 5-day moving average today, the MACD red column was shorter than the previous trading day, and the 5-day moving average tended to be flat. The trading volume was shrinking compared with the previous trading day. It is also continuing to drop rapidly, indicating that the short-term market needs to seek support downward. Generally, the 30-day and 60-day moving averages maintain a clear long-term arrangement, which has positive factors for the overall operation of the market outlook.
Judging from the news on the weekend, there is no obvious short-term benefit, and the overall bias is neutral. The hearing will come out on Monday night, so the market still needs to be under pressure on Monday. It is expected that the Shanghai stock index may continue to adjust tomorrow, so in the short term, we will focus on controlling positions.
In addition to domestic institutions, foreign investment is also an important driver of technology stocks in 2019. Data show that last year there were more than 1,000 stocks in Northbound capital Masukura, of which 40 stocks increased their holdings by more than 5%. There are many technology stocks such as semiconductors, software and services.