Recently, the chemical industry plate a small shock adjustment, but the enthusiasm for the layout of funds is not reduced! Wind data show that as of the close yesterday (April 24), the hot chemical ETF (516020) received a net purchase of funds for 4 consecutive days, attracting more than 42 million yuan in 4 trading days.
The enthusiasm of northward capital layout is also high! According to Wind data, the basic chemical sector received a net purchase of northward funds yesterday.Baccaratvirgilabloh62 billion yuan, ranking first among the 30 Citic first-tier industries.
In terms of the secondary market, despite the recent slight adjustment, the performance of the chemical sector since the current round of market is still quite eye-catching. According to Wind, by the close of trading yesterday, the sub-index of the chemical industry ETF (516020) had risen 18.79 per cent since February 6, significantly outperforming the Shanghai Composite Index (12.68 per cent) and the CSI 300 Index (10.04 per cent) over the same period.
From the perspective of valuation, at present, the layout value of the chemical sector is outstanding. According to Wind data, as of the close yesterday, the price-to-book ratio of the chemical index was 2.09 times, which is at the low of 18.59% in nearly 10 years, and the medium-and long-term performance-to-price ratio is prominent.
Looking forward to the future, Shanghai Securities recommends paying attention to the following main linesBaccaratvirgilabloh:
1. Refrigerant plate. With the end of the three-year base period, the supply and demand pattern of the third-generation refrigerant industry will be in balance, and the price center is expected to continue to rise.
2. Aramid plate. As one of the three super fiber materials, aramid is widely used downstream, and the industry demand maintains a rapid growth rate, while aramid paper, aramid diaphragm coating technology and other emerging application scenarios are expected to further open up the growth space of the industry.
3. Coal chemical industry plate
4. Tire plate
5. the target of high-quality growth.
How to grasp the opportunity of chemical plate rebound? Through the chemical industry ETF (516020) layout efficiency or higher. According to the public data, Chemical ETF (516020) tracks the subject index of CSI subdivision of chemical industry, covering all subdivision areas of chemical industry. Among them, nearly 50% of the positions are concentrated in large market capitalization leading stocks, including Wanhua Chemical, Salt Lake shares, Enjie shares, Hualu Hengsheng, Tianji Materials, Rongsheng Petrochemical, etc., sharing Hengqiang investment opportunities of the strong; the remaining 50% positions take into account the layout of phosphate fertilizer and phosphate chemical industry, fluorine chemical industry, nitrogen fertilizer, coal chemical industry, titanium dioxide and other sub-sectors leading stocks, fully grasp the chemical sector investment opportunities.
Pictures and data sources: Shanghai and Shenzhen Stock Exchange, Warburg Fund, Snowball, Wind, etc., as of April 24, 2024. Risk hint: chemical ETF passively tracks the sub-theme index of the chemical industry in CSI, the base date of the index is 2004.12.31, the release date is 2012.4.11, and the composition of the index stocks is timely adjusted according to the compilation rules of the index. In this paper, the index stocks are only displayed, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R3-medium risk, which is suitable for investors with appropriateness rating C3 (balanced type) or above. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.
