A shares split MSCI weights doubled, 10 stocks selected for the first time
On August 14th, MSCI announced that it will divide the existing A shares from a factor of 2.
5% to 5%, including 10 China Unicom and other internal A-shares selected for the first time.
Guan Erhao Photo Source: Vision China On August 14th, the internationally renowned index compiling company Ming Sheng Company (MSCI) announced that it will implement the second step of replacing A shares and replace the existing A shares with a replacement factor of 2.
5% to 5%.
In the process of this adjustment, including AVIC Shen Fei (60上海夜网论坛0760).
SH), China Shenhua (601088.
SH), China Unicom (600050.
SH), Guodian Power (600795.
SH), Hengli shares (600346.
SH), Guodian NARI (600406.
SH), TCL Group (000100.
SZ), ZTE (000063.
SZ), UFIDA Network (600588.
SH) and Linglong Tire (601966.
(SH), including 10 new A-shares. Except for MSCI, the number of A-shares increased to 236, which together accounted for 0 of the MSCI emerging market index.
75%, which is basically in line with the plan announced by Air Force MCSI in June 2017.
In addition, the shares of six A-share companies are divided into Mingsheng China All-Shares Index (MSCI China All Equity Index), which are Chinese companies (600675).
SH), Guodian Power, Yangnong Chemical (600486.
(SH), Guodian Nanrui, TCL Group and ZTE; and ZTE, Zhonghua Enterprise, Yangnong Chemical, Fenghua Hi-Tech (Rights Protection) (000636).
SZ) and Tongce Medical (600673.
(SH) is regarded as the Ming Sheng China A Onshore Index (MSCI China A Onshore Index).
Data source: Wind, the interface news research department arranges that the above-mentioned stocks to be replaced come from 11 different industries, of which 3 stocks in the chemical industry are separated, and 2 stocks are replaced in communications.
Although the MSCI-related index has been removed, the market seems to have changed from the expected performance of the past month. The above-mentioned stocks have gradually expanded in the past month, and the decline has been mixed.
66% of the gradual growth rate ranked first, followed by ZTE and Chinese enterprises, the gradual growth rate reached 17 respectively.
35% and 15.
63%, in addition, the remaining four stocks have not increased by more than 10%.
From the perspective of sought after market funds, only 5 stocks have a positive net active purchase amount in the past month, of which China Unicom’s amount has reached 8.
400 million US dollars, UFIDA and Guodian Power also exceeded 100 million US dollars; in contrast, the net active purchase of stocks with a negative amount, ZTE up to -24.
500 million yuan, Fenghua Hi-Tech also reached -11.
500 million US dollars, in addition to Yangnong Chemical, AVIC Shen Fei and TCL Group also reduced by more than 100 million US dollars.
Obviously, these companies basically replace the leading companies in their fields.
Judging from the results of the semi-annual report or semi-annual report currently released, except for the impact of ZTE on the events of concern, the performance of these companies is basically stable, and some can even be said to be very outstanding, as shown in the following table (recognized”Forecast PE” is the 18-year net profit and the price-earnings ratio calculated on August 13 based on the unanimous forecast of the merger securities firm: Data source: Wind, which is organized by the Research Department of Interface News, Fenghua Hi-Tech and HengliIn the first half of the year, the net profit attributable to shareholders of the parent company (hereinafter referred to as “net profit”) has exceeded 100% each year. Fenghua Hi-Tech has benefited from the MLCC price increase.The performance was also very good, and the net profit growth rate in the first half of the year was in between.
73% to 93.
Affected by the outstanding performance, the average increase of the three stocks this year has clearly outperformed the three major indexes.
In the context of the current stock market game, being shortlisted in the MSCI index can completely make the market form the expectation of the existence of relevant targets to obtain a certain degree of incremental funds. In the short term, it may be through the formation of a boost, but from a long-term perspective, the listing of the index is excludedIf the company wants to achieve sustainable and sustainable growth, it still needs its own good operation and outstanding performance support, otherwise it will not only be unable to enjoy the shortlisted dividends, it may even be eliminated by the MSCI index.