Morgan Guo Chen: The investment opportunities in the new energy industry chain are far from over

Since the fourth quarter, some of the high-prosperity growth tracks that have undergone adjustments in the early stage, such as the new energy sector, have recently attracted the attention of the market again, and the stage performance is eye-catching. The Ningde era has recently reached a record high. In this regard, Nandu reporter invited Guo Chen, head of the power group of the equity investment department of Shanghai Investment Morgan, to analyze the new energy sector.

Guo Chen, fund manager of Shanghai Investment Morgan, said that the investment opportunities in the new energy industry chain are far from over, the industry is still in the initial stage of development, the increase in penetration rate has just begun, and it is expected to continue to maintain a high boom next year.

Guo Chen pointed out that the fourth quarter is often more difficult to operate, and it is the time point of carrying forward the upper and lower levels. In terms of investment, it is necessary to seize the opportunity to strive for returns under the condition of the market, and also focus on the layout in 2022. "We will still invest based on the judgment and analysis of industry prosperity and individual stock fundamentals, appropriately dilute market judgment in a volatile market, and pay more attention to individual stock research and tracking to grasp structural income opportunities." Guo Chen said.

Guo Chen pointed out that the market in the fourth quarter is relatively optimistic. At the macro level, the economy is expected to be relatively stable in the fourth quarter, and the probability of global central banks contracting liquidity is unlikely. Next year, the epidemic is expected to ease, and the global economy will gradually return to normal, which will provide many investment opportunities. At present, the systemic risk of the market is not large, the overall valuation of A shares is at a reasonable level, and the long-term slow bull trend is expected to continue. In the early stage, the investment sentiment of the Internet, medicine, consumption and other industries was affected by the policy, and there was a relatively large correction, and we should pay attention to the varieties that were wrongly killed in these industries. In the first three quarters, commodities rose more, causing greater cost pressure to the midstream industry, and there is little room for commodities to continue to rise in the future, focusing on the marginal improvement of the operation of the midstream manufacturing industry.

In view of the new energy investment opportunities, Guo Chen stressed that the investment opportunities in the new energy industry chain are far from over, the industry is still in the initial stage of development, the increase in penetration rate has just begun, still long-term optimistic, next year will still maintain a high boom. At present, the long-term industrial trend of the new energy industry continues to get market consensus, but near the end of the year, there is indeed a certain uncertainty in the market, and at the current price level, the new energy sector still has a short-term risk of decline. For investors, based on a long-term perspective, increasing the position at a low price or a better coping strategy.

Guo Chen has rich investment and research experience, with 14 years of investment research experience and 10 years of fund management experience. By adhering to the over-equipped high-prosperity industry and choosing the best leading companies in the Chaoyang industry for long-term investment, Guo Chen has performed well in the long term of many products under management. According to Galaxy Securities data, as of the end of September 2021, the returns of the Shanghai Investment Morgan Small and Medium Cap Hybrid Fund and the Shanghai Investment Morgan Innovative Business Model Hybrid Fund managed by Guo Chen in the past three years were 156.92% and 151.12%, respectively, ranking in the top 1/3 of the same category.

Written by: Nandu reporter Zhou Liang