On May 16, 2017, Dongfang Fund and China Construction Bank Dongguan Branch held the “Oriental Fund Strategy Building Bank Service Miles” event at Dongguan Convention and Exhibition International Hotel. In this event, Zhu Xiaodong, deputy general manager of the Fund’s equity investment department, said that the current profitability of the company has entered a rising channel, and the fundamentals have been strongly supported. The slow cattle market can be expected.
As for the specific situation, Zhu Xiaodong analyzed that from the perspective of the global market, the overall valuation advantage of A shares relative to other countries‘ emerging markets is more obvious. At present, the valuation of some enterprises has been lower than the market average, and the downside risk is low. The profitability of enterprises has entered a rising channel, and the fundamentals have been well supported. Due to the pressure of liquidity, adjustments will be made in the short–term market, but the downward adjustment will not be too deep, and it will also provide a time for admission.
For the recent investment strategy, Zhu Xiaodong said that he is mainly optimistic about the two major directions.
First, the field of new energy vehicles. Zhu Xiaodong pointed out that with the improvement of people‘s living standards, the demand for the environment is higher, and consumption is more inclined to low-carbon and environmental protection, so the demand for new energy vehicles will be further enhanced. From the perspective of national development, new energy vehicles have lower requirements for engines and are an opportunity for overtaking in China’s vehicle manufacturing industry.
The second is the semiconductor industry chain. Zhu Xiaodong pointed out that the National Integrated Circuit Industry Investment Fund has ushered in a peak of 36 billion investment in 2017, and local industrial funds will follow suit. The semiconductor industry continues the “solidification” trend in 2015 and 2016. At the same time, as the largest producer and consumer of mobile terminals, China’s demand for semiconductors has been steadily increasing, and industrial transfer continues, and relevant stocks are worthy of attention.
At present, the product of Zhu Xiaodong as the fund manager – the eastern pillar industry is being issued, investors can pay attention.