Journalist Zhang Ying as the A-share market vane and value investment leader, social security fund, QFII and other institutional investors have been attracting attention from all sides. Recently, as the listed company three quarter results gradually disclosed, its latest position also surfaced.
“Securities Daily” reporter according to the flush statistics found that as of October 26, has disclosed in the 2020 three quarter results of listed companies, there are 117 listed companies in the top ten circulating stock shareholders list appeared in the figure of social security fund. Specifically, 36 company stocks were newly held by the social security fund, 26 were overweight, a total of 62 company stocks were newly held by the social security fund in the third quarter of this year. In addition, the stock holdings of 15 companies were unchanged, and the stock holdings of 40 companies were reduced by the social security fund to varying degrees.
At the same time, a total of 91 listed companies in the top ten tradable share shareholders appeared in the figure of QFII. Among them, the newly added 72 stocks, 7 stocks holding positions did not change, 12 stocks holding the number of different degrees of reduction. Further combing found that a total of 24 listed companies in the top ten tradable share shareholders appeared at the same time the social security fund and QFII figure.
In this regard, Liu Youhua, a senior researcher at Paipai, a private equity firm, said that the investment style of social security funds and QFII is mainly characterized by a long investment cycle, high risk awareness, mature philosophy, and the pursuit of long-term and stable compound interest returns. Based on the above characteristics, social security funds and QFII tend to choose targets with high certainty of growth, high dividends or sufficient safety margin in valuation for long-term layout.
“Securities Daily” reporter through carding found that the above 24 by the two institutions at the same time have three major characteristics of the stock: first, generally better performance. Of the above 24 stocks, 17 companies today
The first three quarters of net profit year-on-year growth, accounting for more than 70%. Among them, the net profits of China Resources Micro and Orient Wealth increased by more than 100% year-on-year, reaching 154.59% and 143.66% respectively.
Second, most individual stock prices are strong and steady. Of the 24 stocks listed above, 22, or more than 90 percent, have outperformed the Shanghai Composite Index, which has gained 6.59 percent this year. Among them, people’s happiness medicine, jianglong boat, zhejiang mining shares, top group, Kelaiying and other five stocks during the cumulative increase of more than 100%.
Third, the pharmaceutical, biological and electronic industries. In terms of sectors, the 24 stocks jointly held by the fund and QFII are mainly concentrated in the pharmaceutical, biological and electronics sectors. “Under the policy strong support, electronics – based technology leading stocks favored by institutions, is expected to continue to strong performance. With the market structure differentiation market intensifies, investors should focus on the relevant industry segments in the policy tilt is obvious, independent controllable and leading technology leading enterprises.” Cheng En capital chairman Wang Xuan told the Securities Daily reporter.
For the market, Jin Baolin consulting analyst Qin Hong in an interview with “Securities Daily” said that recently, the market trend is still a repeated possibility. After all, from the announced growth stock third-quarter performance, in fact, is slightly lower than the market expectations, so do not rule out in the next listed company performance disclosure, there are still some growth stock performance is lower than expected and the adjustment, so as to affect the operational ideas of institutional funds. In short, at present, the growth value investment strategy is more consistent with the current strategic direction of supporting scientific and technological innovation and developing capital market to promote China’s industrial upgrading and economic transformation.