Orient Fund Li Rui: Optimistic about the sector of relative profit advantage and relative valuation advantage Oriental Fund Li Rui: optimistic about the relative profit advantage and relative valuation advantage of the sector

China Securities Network News (reporter Li Huimin) Oriental New Energy Automobile Fund Manager Li Rui said on June 3 in the China Securities News "China Securities Point Jinhui" live broadcast room that in 2021, the market needs to establish the expectation of gradual normalization of liquidity, and shift more focus to medium- and long-term industrial trends and short-term industry prosperity and related corporate earnings. The macroeconomic characteristics of the current market are confirmation of recovery and the return of the monetary environment to normal, so the structure is more important than the index point. Specifically, it is optimistic about the opportunities of sectors with relative profit advantages or relative valuation advantages, of which the former has independent endogenous logic, high growth, and is less affected by the macro policy environment and liquidity, such as new energy vehicles; the latter needs to pay attention to core profit indicators such as roe and choose undervalued sectors, such as banks, home appliances, and traditional price increase cycle products.