July "Investment Research Link" brokerage and analyst research strength list announced

time:2022-09-29 15:00:14 source:clevelanddrifters.com author:Market analysis
July "Investment Research Link" brokerage and analyst research strength list announced

In July, the A-share market fluctuated and adjusted, but the structural market remained. In this context, who is the leader in the research strength of securities companies and analysts? According to the data of Investment Research, the top three securities companies in the research strength list of the month are CITIC, CITIC Construction Investment, and Minsheng; and Guoxin Wu Shuang won the analyst of the month. Research power list champion. In July, the top three brokers in the research strength list were CITIC, CITIC Construction Investment, and Minsheng. In July, the A-share market pulled back significantly; among them, the monthly declines of the Shanghai Index and ChiNext Index reached 4.28% and 4.99%, respectively. But the structural market remains. Among the 31 first-level industries of Shenwan, the three industries of machinery and equipment, automobiles and environmental protection led the way, with a monthly increase of more than 5%; the food and beverage, building materials, and non-banking financial industries led the decline, with a monthly decline of more than 6%. Throughout July, 2,559 A-shares posted positive gains, 5 of which rose more than 100%. 2257 A shares fell, of which 13 fell by more than 30%. In such a context, who is the leader in the research strength of securities firms? According to the data of the securities firm research strength list of Investment Research Connect, in July 2022, the top 3 securities firms in the research strength list are CITIC Securities, China Securities Construction Investment Securities, and Minsheng. securities. The fourth to 10th places are Guotai Junan, Soochow Securities, Northeast Securities, Guosen Securities, Industrial Securities, Zheshang Securities and Tianfeng Securities. According to the data of investment research, the top-ranked CITIC Securities has recommended 3,457 stocks in the past year, and the median deviation of the predicted net profit in the annual reports in recent years is 19.37%. The yield in the past month, the yield in the past three months, the yield in the past six months and the yield in the past one year were 0.88%, 12.74%, 12.89% and 3.24% respectively. The reporter of "Investment Express" noticed that, as a special "brokerage brother", although the market value of CITIC Securities has been repeatedly crushed by Oriental Fortune in recent years, its position as the leader of comprehensive strength is still unshakable. According to data from the Securities Association of China, as of June 30, the number of analysts employed was 3,543. Among them, the number of analysts employed by CITIC Securities is 164, second only to CICC with 188. It is understood that the clients of the Brokerage Institute are mainly institutional investors, including funds, insurance and QFII. The profit model of brokerage research business is mainly based on research services in exchange for transaction commissions from fund companies, etc., and which brokerage firms a fund company chooses to cooperate with is usually related to the brokerage firm’s research strength and sales capabilities. Statistics show that in 2021, CITIC Securities, The four brokerages of Changjiang Securities, GF Securities, and China Securities Construction Investment Co., Ltd. have a commission of more than 1 billion yuan. The selection rules for the top 30 securities companies' research strength list in July are as follows: 1. Institutional market information. The average return rate, success rate, and the number of recommended stocks are three indicators. The weights of the last 3 months, the last 6 months, and the last 1 year are 0.2, 0.4, and 0.4, respectively. If the data is empty, 0 points are counted, and the average return rate is not positive. 0 points, 0 points if the success rate is less than 33.3333%, 0 points if the number of recommended stocks is 0, 0 points for the number of recommended stocks with a success rate of less than 40%, and the weights of average yield, success rate, and number of stock recommendations are For 0.4, 0.2, 0.4.2, the financial category of institutions. The median deviation of predicted net profit, the median deviation of predicted operating income, the median deviation of predicted net profit growth rate, the median deviation of predicted earnings per share, the number of predicted stocks for net profit, the number of predicted stocks for operating income, and the net The profit growth rate is used for forecasting the number of stocks, and earnings per share are used for forecasting the number of stocks. There are 8 indicators. The report period of the stock's annual report in recent years and the report of the stock's annual report of the previous year are 0.75 and 0.25, respectively. If the data is empty, 0 points are counted, and the deviation is medium. If the value exceeds 25%, 0 points are assigned, the median deviation corresponding to the predicted number of stocks is less than 250, 0 points, and the predicted number of stocks is 0, 0 points. The weights of these 8 indicators are 0.06, 0.06, 0.04, 0.04 (the first four items have a total weight of 0.2; the first two of the first four items have a total weight of 0.6, and the last two of the first four items have a total weight of 0.4), 0.24, 0.24, 0.16, 0.16 (the total weight of the last four items is 0.8; the total weight of the first two items of the last four items is 0.6, and the total weight of the last two items of the last four items is 0.4). Wu Shuangyong won the July analyst research strength list. In July, the overall trend of the A-share market was not good. Even in this environment, though, there are some analysts who stand out. According to the analyst research strength list in July, Wu Shuangyong of Guosen Securities won the championship, Deng Yongkang of Minsheng Securities and Liu Qiang of Kaiyuan Securities ranked second and third respectively. It is worth mentioning that Wu Shuang ranked third in the analyst research strength list in the first half of the year. The fourth to 10th places are Luo Anyang of Cinda Securities, Wang Hetao of Changjiang Securities, Wang Qi of Guosheng Securities, Zhou Ershuang of Soochow Securities, Han Dong of Huachuang Securities, Yang Hui of Western Securities, and Tianfeng Securities. Sun Xiaoya. Among them, Wang Hetao of Changjiang Securities was the champion of the analyst research strength list in the first half of the year. According to the data of Investment Research Link, Wu Shuang, who ranked first in the analyst research strength list in July, had a median deviation of 6.90% in the predicted net profit in the annual reports in recent years. The yield in the past month, the yield in the past three months, the yield in the past six months and the yield in the past one year were 8.39%, 28.77%, 39.9% and 29.5% respectively. The top 20 analysts' research strength list selection rules: 1. Quotes. The average return rate, success rate, and the number of recommended stocks are three indicators. The weights of the last 3 months, the last 6 months, and the last 1 year are 0.2, 0.4, and 0.4, respectively. If the data is empty, 0 points are counted, and the average return rate is not positive. 0 points, 0 points if the success rate is less than 33.3333%, 0 points if the number of recommended stocks is 0, 0 points for the number of recommended stocks with a success rate of less than 40%, and the weights of average yield, success rate, and number of stock recommendations are It is 0.85, 0.1375, 0.0125. 2. Financial category. The median deviation of predicted net profit, the median deviation of predicted operating income, the median deviation of predicted net profit growth rate, the median deviation of predicted earnings per share, the number of predicted stocks for net profit, the number of predicted stocks for operating income, and the net The profit growth rate is used for forecasting the number of stocks, and earnings per share are used for forecasting the number of stocks. There are 8 indicators. The report period of the stock's annual report in recent years and the report of the stock's annual report of the previous year are 0.75 and 0.25, respectively. If the data is empty, 0 points are counted, and the deviation is medium. If the value exceeds 25%, 0 points are assigned, the median deviation corresponding to the predicted number of stocks is less than 10, 0 points, and the predicted number of stocks is 0, 0 points. The weights of these 8 indicators are 0.18, 0.18, 0.12, 0.12 (the total weight of the first four items is 0.6; the first two of the first four items have a total weight of 0.6, and the last two of the first four items have a total weight of 0.4), 0.12, 0.12, 0.08, 0.08 (the total weight of the last four items is 0.4; the total weight of the first two items of the last four items is 0.6, and the total weight of the last two items of the last four items is 0.4). 3. Comprehensive evaluation. The market evaluation score and the financial evaluation score are divided into two indicators, and the weights of the market evaluation and financial evaluation are 0.55 and 0.45 respectively.

(Responsible editor:Hot industry)

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