The chemical sector rose intraday today (May 22).LincolnarcadeThe rising trend of heavyweight stocks is bright! Industry leader Wanhua Chemical rose more than 3% in intraday trading, leading a strong rise. The weighted stock Hua Lu Hengsheng rose more than 2%, while Rongsheng Petrochemical and Baofeng Energy also rose more than 1%. In terms of decline, Guangdong grand, Chuanfa dragon python and so on led the decline, dragging down the trend of the plate.
In terms of hot ETF, Chemical ETF (516020), which reflects the overall trend of the chemical sector, rose in intraday trading. As of press time, the price on the floor rose 0.Lincolnarcade.31%.
At present, the valuation of the chemical sector is still low. Wind data show that as of yesterday's close, the price-to-book ratio of the chemical index was 2.Lincolnarcade.19 times, which is at the low level of 23.29% quantile in recent 10 years, and the performance-to-price ratio of medium-and long-term configuration is prominent.
Looking to the future, Zhongtai Securities said that from the perspective of profitability and valuation, the current chemical sector is in a relatively bottom position in history, with sufficient safety margins; the domestic demand stimulated by policies such as superimposed real estate counter-cycle and consumer goods trade-in for new ones is strengthening, and the current chemical sector as a whole may have stood at the starting point of a new cycle. It is suggested that attention should be paid to the industry allocation opportunities brought about by marginal changes.
How to grasp the opportunity of chemical plate rebound? Through the chemical industry ETF (516020) layout efficiency or higher. According to the public data, Chemical ETF (516020) tracks the subject index of CSI subdivision of chemical industry, covering all subdivision areas of chemical industry. Among them, nearly 50% of the positions are concentrated in large market capitalization leading stocks, including Wanhua Chemical, Salt Lake shares, Enjie shares, Hualu Hengsheng, Tianji Materials, Rongsheng Petrochemical, etc., sharing Hengqiang investment opportunities of the strong; the remaining 50% positions take into account the layout of phosphate fertilizer and phosphate chemical industry, fluorine chemical industry, nitrogen fertilizer, coal chemical industry, titanium dioxide and other sub-sectors leading stocks, fully grasp the chemical sector investment opportunities.
Pictures and data sourcesLincolnarcadeShanghai and Shenzhen Stock Exchange, Warburg Fund, Snowball, Wind, etc., as of May 22nd, 2024. Risk hint: chemical ETF passively tracks the sub-theme index of the chemical industry in CSI, the base date of the index is 2004.12.31, the release date is 2012.4.11, and the composition of the index stocks is timely adjusted according to the compilation rules of the index. According to Wind data, the yield of the last five complete years of the subdivided chemical index is 2019: 25.1%; 2020: 51.68%; 2021: 15.72%; 2022:-26.89%; 2023:-23.17%. The composition of the underlying index stocks is timely adjusted according to the rules of the index, and its historical performance does not predict the future performance of the index. In this paper, the index stocks are only displayed, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R3-medium risk, which is suitable for investors with appropriateness rating C3 (balanced type) or above. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.