Wang Jing, Chuangjin Hexin Fund: The current market low valuation sector will be relatively dominant

China Securities Network News (reporter Yu Shipeng) on September 17, Wang Jing, chief strategist and assistant chief investment officer of Chuangjin Hexin Fund, said that the recent market volatility is larger, the plate market differentiation is obvious, coal, steel, petroleum, chemical and other cyclical industries continue to rise, but semiconductors, new energy, consumption has seen a large decline. Under the current situation, market uncertainty is increasing, low-value sectors will be relatively dominant, investment should be long-term financial planning, steady and far-reaching.

Wang Jing pointed out that on the one hand, from the current situation, the profits of the industrial chain are concentrated in the upstream, especially in the case of tight energy supply and difficulty in expanding production capacity, the price of industrial products may rise, and the price of means of production is difficult to form a downward trend. For the cyclical industry, although there are emotional fluctuations and profit-taking pressure in the short term, the relative valuation cost performance still exists, and the reversal of the upward trend is difficult to confirm in the short term; on the other hand, the market is worried about whether the semiconductor industry cycle will peak, and the reduction of industrial capital also affects the confidence of funds. Due to the concern of cost pressure brought about by upstream price increases, the performance of the new energy sector is also lower than expected.