See the flash!The 100 billion market value of waterproof Mao's limit foreshadows the coming of the knockout match

Today, the top 100 billion waterproof material leader Dongfang Yuhong suddenly collapsed the limit. The company's directors have recently reduced their holdings of millions of shares, involving nearly 50 million yuan in funds. Oriental Yuhong is known as "waterproofing". In the past few years, it has benefited from high -speed growth in the economy and promoted real estate prosperity. Dongfang Yuhong's stock price has continued to rise. Now it has changed, and the stocks of Niu Niu cannot carry the power of the cycle. It is just that the method of flashing shipments makes it difficult for investors who do not know the inside.

In the early column, Yi Guanjun pointed out that the market's game in the 3400 -point area is more complicated. Flashing stocks like Dongfang Yuhong often have problems with performance reports. At present, the market has gradually entered the interim reporting window period. The desertation of performance relative to the market expectations and changes in the relative valuation of performance will cause great differences between individual stocks.

From the perspective of PE, according to the classification of industries in the case of application, agriculture, forestry, animal husbandry and fishing, leisure services, and automobiles are significantly higher than the historical average. The industry valuations are 99.7%, 91.5%, and 99.7%, respectively. Electronics, non -ferrous metals, steel, national defense military workers, and media industries are significantly lower than their historical average. The industry valuations are 5.4%, 2.0%, 20.8%, 29.6%, and 11.5%, respectively.

The car sector is the leading leader of this round of rebound. Recently, it has been adjusted at a high level, reflecting the obvious pressure of valuation. Agricultural, forestry, animal husbandry and fishing and leisure service sectors often have short waves, and they have been unable to get out of continuous markets, which is also related to the valuation.

The cheap valuation may not necessarily be good. For example, the electronics industry, recently, the global electronic manufacturing giant TSMC has encountered sharply cut orders, and the performance of chip manufacturers such as Nvidia has declined. In this case, the low valuation is a trap. The industry's industry achievements have always maintained steadily and rapidly, such low valuations or opportunities to rush gold in sand.

For this year's interim report, we must give enough attention to the industry and enterprises that can maintain rapid growth this year's interim reports. It is the winner who has experienced the economic cycle from falling to recovery test. From the perspective of industrial logic, the decline in the price of upstream resource products has declined. Under the background of stabilizing domestic demand in the second half of the year, the improvement of profit margins in midstream and downstream industries will support the overall A -share profit. This year's highlights of the interim reporting may be concentrated in midstream manufacturing and downstream. Consumption.

Qingdao Finance Daily/Home Media Reporter Li Dongming

(The views in the article are for reference only, do not constitute investment suggestions, have risks in investment, and need to be cautious to enter the market.)

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