Wang Jing, Chuangjin Hexin Fund: The market in the fourth quarter may be biased towards the growth style

China Securities Network News (reporter Yu Shipeng) Wang Jing, chief strategist and assistant chief investment officer of Chuangjin Hexin Fund, recently issued a point of view that the market in the fourth quarter may be biased towards the growth style, and it is recommended to focus on the long-term layout and look for a track with good long-term growth.

Wang Jing said that the concentrated disclosure of the three quarterly reports in mid-to-late October is a relatively important time window. This year, the market's requirements for performance growth are relatively high, and the third quarter report will make direction guidance for the fourth quarter. Judging from the overall situation of the three quarterly reports, the performance of upstream enterprises has grown the fastest, and the performance of new energy enterprises in the midstream industry is basically in line with expectations, but the profits of some industries are still squeezed by raw material prices. The logic and policy orientation of the new energy industry are relatively smooth, but the expectations are too full, the valuation is not low, and the market's requirements for performance growth will be more stringent.

Wang Jing pointed out that in the current context, sustained growth will appear more scarce, the market will next choose high growth, in line with the policy industry as the investment direction, new energy is the main direction, the military industry sector may also be stronger in the shock.