The tourist season in the second quarter

Investment points:

In the second quarter of investment strategy point of view: theme highlights,Tory Burch Flip Flops, regional strong

Benefit from "1025" planning area revitalization and "rich" program, and industry is in its golden decade, at present plate valuations have larger ascending space; YuDaPan, weak performance in the first quarter industry to repair; plate valuations Second quarter into tourist season, and the thematic investment opportunities appear, regional concept continued strong second quarter is Tory burch outlet expected to comprehensive, beating the grail. See, still attention from the annual performance and future growth good stock, emphatically recommended stocks: CITS, Tibet tourism, emeishan A, huangshan mountain to travel. Short-term investment opportunity to consider from thematic, recommend: xian tourism, xian diet; Expect gold star * ST zhang shares.

Quarter YuDaPan, valuation industry performance weak below historic Tory Burch Flats Sale, average, needs to be repaired

So far this restaurant tour plate 4.15%, rising ranked 14, industry performance YuDaPan; weak The current food tourism sector PE for 50 times below the historic average level, has the valuations repair expectations.

The tourist season in the second quarter, tourism is expected to substantially increase the number

Quarter of tourism industry is catering off-season, with the number of tourist arrivals, tourism income on a small increase; The tourist season in the second quarter, with the number of tourist arrivals are expected to increase.

Chongqing economic zone makes

Consistently strong regional concept: "big shangri-la" resort &; Tory Burch Flip Flops, Chongqing economic zone makes
Recommend stocks pool
CITS: can bring the hainan islands substantially performance ascension Tory burch outlet dust settles, exemption policy end on April 20th, commissioning. CITS performance substantially increase but period;
* ST zhang shares: * ST zhang strands of restructuring in January has "airness", jan. 28 * ST zhang strands of restructuring through audit obtained CSRC. In addition, * ST zhang strands of seasoned scheme has Tory burch outlet also approved, raised funds for * ST zhang shares reshuffled provides financial support, the development is expected to enhance company performance;
Tibet tourism &; Xian diet: hold concurrently thematic investment opportunities and sustained high growth situation.

40 million households from highs

Last week, the shenzhen stock exchange outside into shock slump, still maintaining enthusiasm in funds low. In the AD from the data show that KaiHuShu and added new shares last week KaiHuShu slightly to ascend, though fund in years but the former still maintain the low level.
According to the data, and put the company in the last two city new a-share stock account number is 262342 households, the new fund door, KaiHuShu for 82640 than the previous week both appear small ascension. However, from the week's data to see, last week's new stock account number is still low level since this year, more than 40 million households from highs also has the very big disparity; New fund is the KaiHuShu above average in years. Account active degrees, the last week in the deal A account number occupies A account number all the proportion of 11.90%, trading active degrees for the posture of the continuation, but rebounded slightly in the overall also this year low level, it shows the active exchange-traded funds not high degree also.
Turn down the a-share market downturn caused when the mood of investors last week, the overseas market nudged feeling risk preference. Statistics show that by the end of April 21, the United States the s&p 500 volatility index (VIX) 14.69 points to 10,305.77, a small but consistent decline, of the previous week. This suggests that American sovereignty s&p cut last week brought by the us stock rating to shock has disappeared, overseas investors optimism warms up again. But this week, after the resurrection holidays in equities VIX index rose again, is strong, and the stronger again the specification or the overseas market investors and preferences mbt shoes usa of their emotional signs.
Analytic personage points out, ChangNaWai funds is not high, plus the enthusiasm of tightening, performance signs appear financing area "suddenly turn hostile" and large area, so A shares this week appear homeopathic big adjustments. At present, the debate has turned about market future for A period of time A year from performance data, or will provide short-term direction a-shares choice. The cumulative effects if deflation policy indeed for economy caused by some degree of fire, then A shares in the second quarter continue to find bottom or will be big probability events.
Regulation under pressure in the housing market are waiting for the May Day holiday is near, however, the NDRC price departments sing leading role by the new round of real estate regulation beat debut.
April 26, the national development and reform commission the price MBT Shuguli supervision and inspection department priests XuKun Lin accept media interviews revealed by the national development and reform commission is against profits measures, the price of commercial housing areas for punishing, illegal behavior will not plain code marks a price etc shall be given a heavier punishment.
Sources close to Beijing NDRC personage introduction, "51" later, the national development and reform commission will organize nationwide house price inspection work, mainly to the local government whether to appear commodity house "one house a" price policy and implementation check, will also field visit to developers sales department building, on the investigation.
Beijing ZhangDaWei centaline property analyst for the real MBT Nama estate sector, said against profits measures taken control policy, is part of the real estate, mainly for cover plate already for a long time and price significantly higher than surrounding the prices of project.

However, from the week's data to see

Last week, the shenzhen stock exchange outside into shock slump, still maintaining enthusiasm in funds low. In the AD from the data show that KaiHuShu and added new shares last week KaiHuShu slightly to ascend, though fund in years but the former still maintain the low level.
According to the data, and put the company in the last two city new a-share stock account number is 262342 households, the new fund door, KaiHuShu for 82640 than the previous week both appear small ascension. However, from the week's data to see, last week's new stock account number is still low level since this year, more than 40 million households from highs also has the very big disparity; New fund is the KaiHuShu above average in years. Account active degrees, the last week in the deal A account number occupies A account number all the proportion of 11.90%, trading active degrees for the posture of the continuation, but rebounded slightly in the overall also this year low level, it shows the active exchange-traded funds not high degree also.
Turn down the a-share market downturn caused when the mood of investors last week, the overseas market nudged feeling risk preference. Statistics show that by the end of April 21, the United States the s&p 500 volatility index (VIX) 14.69 points to 10,305.77, a small but consistent decline, of the previous week. This suggests that American sovereignty s&p cut last week brought by the us stock rating to shock has disappeared, overseas investors optimism warms up again. But this week, after the resurrection holidays in equities VIX index rose again, is strong, and the stronger again the specification or the overseas market investors and preferences mbt shoes usa of their emotional signs.
Analytic personage points out, ChangNaWai funds is not high, plus the enthusiasm of tightening, performance signs appear financing area "suddenly turn hostile" and large area, so A shares this week appear homeopathic big adjustments. At present, the debate has turned about market future for A period of time A year from performance data, or will provide short-term direction a-shares choice. The cumulative effects if deflation policy indeed for economy caused by some degree of fire, then A shares in the second quarter continue to find bottom or will be big probability events.
Regulation under pressure in the housing market are waiting for the May Day holiday is near, however, the NDRC price departments sing leading role by the new round of real estate regulation beat debut.
April 26, the national development and reform commission the price MBT Shuguli supervision and inspection department priests XuKun Lin accept media interviews revealed by the national development and reform commission is against profits measures, the price of commercial housing areas for punishing, illegal behavior will not plain code marks a price etc shall be given a heavier punishment.
Sources close to Beijing NDRC personage introduction, "51" later, the national development and reform commission will organize nationwide house price inspection work, mainly to the local government whether to appear commodity house "one house a" price policy and implementation check, will also field visit to developers sales department building, on the investigation.
Beijing ZhangDaWei centaline property analyst for the real MBT Nama estate sector, said against profits measures taken control policy, is part of the real estate, mainly for cover plate already for a long time and price significantly higher than surrounding the prices of project.

We already released statistics of the annual report 17 home

Report the:

Domestic per capita spending remains boost space, focus on quality Tory burch outlet small scenic spot. We are still bullish on domestic travel, particularly bullish on the core city circle surrounding 2-3 hour traffic circle the growth, such small kei chan in significant benefits scenic area will ZiJiaYou, the rise of short swim; Meanwhile attention brought its surrounding traffic improved BaoFaShi growth in the number of urban tourism.

International tourism demand or stabilize, Japanese, Korean tourist arrivals growth is slowing. Recent regional situation by the world local unsteady and earthquakes, tsunamis, nuclear leakage and other natural disaster effects, we think that international tourism demand or stabilize in the second quarter, is expected to outbound tend to be insipid. From 2011 1 Tory Burch Flats Sale, - February data to see, the Japanese tourist arrivals 1.95%, whatever number year-on-year drop from the base or growth, inbound market scale still see low operation interval.

Second quarter valued scenic spot sub industries. We already released statistics of the annual report 17 home. 9 home of listed corporations were realized scenic 21.86% year-on-year revenue; Realize 3.02 billion yuan net year-on-year, 45.19%; Four hotels were of listed companies realize revenue year-on-year growth of 24.5%; Jinjiang shares realize 39.25% revenues year-on-year growth; Three companies catering enterprises revenue 14.04% year-on-year. Combined with revenue scale, gross margin, net interest rates, and the trend of change at the stage of the tourism industry, we think the sub industries investment opportunity sorting is as follows: the scenic area, the integrated Tory burch outlet enterprise, economy hotel, restaurant, hotel industry.

Attention related mark catalyst is expected to cash. With the arrival of the tourist season, we prefer emeishan, huangshan, guilin, etc have spring enjoy flower of the scenic spot theme enterprises, but also is expected in the second quarter attention catalyst cash related targets. We emphatically recommended emeishan (traffic improved + net interest rates ascending), xian diet (positive re-vitalization of assets, deep time-honored brand + expo opening close soon), CITS (officially adopted countrymen may outlying islands duty-free, performance is expected to exceed expectations), guilin tourism (the longji zhuang ethnic terrace, small scenic spot mark longsheng springs growth).

Grail broken bits fell medium-term trends reverse

This week, three trading market weakness all show, just a three day's rise has previously, even if a complete disruption, Shanghai synthesis index offerings bank stocks fell 29 points might still embrace. Macroeconomic policy tightening MBT Nama cumulative effect, sustained small dish stock valuations "fix" the elusive and peripheral situation caused a-share market together recently adjustment. Technology, this belongs to the typical broken bits falling, it also announced the upward trend since January has been reversed, at present the market are waging metaphase is adjusted market. This results in the second quarter with our previous broadly in line with the judgment, just a bit more later.
Bad practices by quantitative change to
To adjust the causes, intense, even if the current controversy, many baristas point has 2,900 disagreement over both sides still empty. But the reality is, the market share and the materiality benefit lack of pull, on the MBT Kipimo contrary, bad factors still is gradually accumulation, and began to happen qualitative change.
First, macro policy accumulation effect appears gradually. Since last year's fourth quarter since the tightening monetary policy, tightening monetary policy, the market funds continue to influence of the obvious. Although many people naively in market regulation, there will be many after housing stock funds to their necks. But from the market in the past three months, we always see observe signs of incremental capital actively entry. Especially in April, after raising interest rates again mention must increasingly clear the situation tense financing area.
Secondly, the future policy expected are began to change. In the first quarter rose, mbt sandals sale very important reason is that expected a macro-control might turn to. But from the actual situation look, the anticipated and no basis. Economic data show that in the first quarter of tightening policy didn't cause the entity economy, and the apparent first quarter inflation remained high, plus the expected future input type, and therefore are still serious inflation tightening policy execution will still be more firmly. Especially when we see some areas in the peak has not yet arrived, had appeared power supply tensions in the market is more worried about that. If macro regulation strictly stick to it, the future economic slowdown and performance of listed companies downturn will be reasonable results.
Once again is the result of market valuations repair. The rise in the prices in the quarter, valuations repair is generally considered as the share prices of power, but most of the cycle of performance is also proved the stock valuations repair results. But, there is always a coin, valuations repair is not simple valuation levels rise, consumer stocks in the quarter also experienced valuations repair, only in its stock price always run down. More importantly, a lot of pannikin high diving, is actually in the way down, and the small dish stock valuations repair of disappointing performance and accelerated the process. So far, valuations repair actual are still in progress. High valuations, MBT Fumba. higher-priced stocks fell for market blow of obvious, and also in some extent suppresses low valuations varieties of room to rise. Besides the breeds for some period, originally called valuations repair differences do exist.

According to online analysts data shows

Bull year successively a-share market fell Wednesday shaken. The Shanghai index closed at MBT Kisumu, 2925.41 point, fall 0.46%; Shenzhen ChengZhi closed at 12358.9 point, fall 0.72%. Two city a-shares have 535 stock rise, circa 1470 stocks fell only. Clinch a deal amount small drop, Shanghai market on the day from 1139 billion yuan to 1163 billion yuan; Shenzhen market on the 819.7 from day to 823.9 billion yuan billion yuan. According to online analysts data shows, the current market weather cloudy, shows that short-term storming phase weak market trend.
Recently, some media says CBRC improve five large commercial bank minimum capital adequacy MBT Kipimo requirements, CBRC, said relevant principals 26 for five large CBRC minimum capital adequacy requirements of commercial Banks, and previously powerful 11.5 percent still express and had not changed. 2010 annual report showed, the end of 2010, industry and commerce bank (601398), agricultural bank of China (601288), construction bank (remnant), China bank (601988), traffic bank (601328) capital ratios are higher than regulators proposed regulatory capital adequacy ratio of 11.5% bottom line. Analysts say that finish this refinancing, five Banks' capital supplements can satisfy the business development over the next two years, from the current situation look, commercial Banks in the short term and no equity financing pressure.
On Wednesday the disk industry tracking from zhejiang, jiangxi situation, the first such many off-season electricity shortages and is thus expected thrusting cement prices restriction of electricity. Affected by this, cement industry, powered thembt sandals sale morning session, the highest rate edged up to rise 0.98% top bits. Banking regulatory commission (CBRC) said five did not change, 11.5% capital bottom line from the current situation look, commercial Banks in the short term and no equity financing pressure. By this boost, financial industry trends, strong individual stocks generally wave red, rose, the rose grids 0.12% third on. According to statistics, march volume rising global wood pulp out 400.9 compared to 22.6% tons, than the same period last year. 341.6 tons of 17.4 rise Global wood pulp inventory Numbers as 32 days in February, a drop 3 days, plasma price trend is clear. Take this, the papermaking industry go strong, increase (0.08% list, which closed up fourth place. In addition, textile machinery, electric power industry and highway Bridges plate than grail; Printing and packaging, environmental protection industry and real estate sectors such as weak MBT Fumba. YuDaPan.
Invest today to have 10 brokers statistics on Wednesday market trends opinion: look much of one, the tories see empty 5, four, Wednesday to see many index rose to 10%. Analysts said market competition, one recent is tripartite, the economy picks up momentum obvious, performance of listed companies growth good; Secondly, high inflation pressure of tightening measures the norm, although the market generally expected inflation may be before former high, but that more and more low after the show, and inflation may be a protracted struggle. Input sex inflationary pressures don't reduce, labor costs rose unstoppable. The cause of the normal high inflation the normality of the monetary policy of contraction. The central bank's attitude has more and more clearly shows the strength of the sustainable and high pressure. Therefore, before the market with the illusion of tightening policy relax again, lead to the volatility of the market frustrated intensifies; Third, market earnings effect is not strong lead to insufficient capital inflows. Although resource shares, financials led market trends, such once consistently profitable but in general, the lack of strong effect consistently profitable to form effective effect of market forces. In addition, the risk is not dapan, but in variety selection. And the market after recently, after falling, the possibility of future maintain concussion pattern is bigger. Meanwhile, online analysts data shows, the a-share market medium-term trends falling process, safe position line of 60 per cent.

the next five years are red all-round deployment tourism development work

events
April 6, the national tourism administration chief ShaoQiWei afternoon in Beijing accept CCTV CCTV news broadcast "interview, reporter concern of red tourism development achievements, the significance of developing red tourism to the national tourism and the promoting function of, in the 2011-2015 national red tourism development plan for the main target and characteristics of the MBT Kipimo deep grasp. It April 9, 10, 11, of the news broadcast for broadcast related content.
comments
Political background 2011 red tourism is expected to accelerate development: this year the 100th anniversary, every revolution of 1911, the 90th anniversary of the founding of the Chinese communist party in such special political tone background, red tourism education significance for its contain revolution, certainly will will get policy support. In addition, this year will start to implement the national red tourism development phase ii planning, has a news report says the 2011-2015 national red tourism development plan outline "SongShenGao have mbt sandals sale finished, this plan will intensify the western red tourism scenic support for the classic. April national red tourism work coordination group will hold a national tourism work conference, and mobilize local authorities in the next five years are red all-round deployment tourism development work.
April 9, red tourism related reports and national tourism bureau chief ShaoQiWei interview contents were placed in the news broadcast "by the time TV before is hosted in three days, said will continue the broadcast related content. Tourism industry in the news broadcast program of CCTV in "high specifications" by such an unprecedented in the treatment, to a considerable degree, indicates that MBT Fumba. the government support to the tourism industry. Just red tourism theme view, short-term listed tourism business for the current substantial influence is not very big, in the capital market for more performance driven policy is the phased theme investment.
Red tourism scenic spot benefit: in guilin's tourism scenic resources, shares in the chingkang mountains tourism, 40% of lushan cable car cableway three special scenic spots in red range. In addition, huatian hotel ningxiang grey soup project also is expected to by connecting shaoshan (MAO zedong hometown), HuaMingLou (liu shaoqi hometown) and into the red tourist routes, according to understand, in ningxiang grey soup project this year between June 5, complete edition of the five-star hotel and spa conference center construction, investment operations, MBT Kisumu, and connection of changsha - HuaMingLou - shaoshan high-speed is also expected to open to traffic in the end, when, this project will gain rare opportunities of development.

From long term, we still insist enterprise conform

Award tourism will travel in self-producing growth: services, award tourism will be the biggest benefit plate. Large enterprises and institutions may increase scenic spots of red of award tourism activities to meet the current situation of the political appeal. Cyts Tours of guiyang city tourism bureau has launched a "joint ChongZou remembrance years, long red road" starting group, pull the MBT Kipimo prelude of red tourism year 2011.

Investment advice

We maintain our industry "immediately" rating, short-term suggested attention red tourism thematic investment opportunities: guilin tourism, huatian hotel, three special cable, cyts Tours. Among them on April 8, guilin's tourism 2.38%,MBT Kisumu, located in plate gains rise rankings.

From long term, we still insist enterprise conform to China's tourism industry development trend and the basic principles of safety of limit valuations, maintain the industry investment sorting: mount emei, huangshan tourism, songcheng shares, MBT Fumba. guilin tourism, lijiang tourism, jinjiang shares, Beijing capital tourism shares, cyts Tours, three special aerial ropeway and CITS.

we have dip basic can judge the 29 points integer bit

Finally, peripheral situation is mainly the fed unpick, hard expectation of future policy trend. General ideas that because of the economic recovery situation obvious quantitative easing, and the third will not be issued, this means that the pattern of global liquidity flooding may face reversal. Commodity prices in recent situation, even the gold consolidation lost momentum MBT Kisumu, after the way forward, apparently all parties are waiting for the fed the next trends. But the actual condition may be more complex, recent trend is still weak dollar index, no signs of the missing rebound.

2860 point first or now against smoke technical

However, the market has already entered the trend, at least mid-term MBT Kipimo adjustment in the second quarter, less difficult to adjust pattern change should be the tone warehouse warehouse, the operation of this period theme. In the process, investors should be the most concerned with the short rebound occurred amid timing.

Due to the Shanghai index on Wednesday 2907 points, we have dip basic can judge the 29 points integer bit fails at the probability is very big, but also could trigger the rallies short. Before the market had tried to launch in a rebound, 2930 points but soon announce failure, the reason is that in its 2950 - has become 29.6 point a strong resistance, rebound space does not exist. If recently MBT Fumba. Shanghai synthesis index point even agent breakdown 2900 2860-28.8 point area to the market rally, the opportunity will gradually revealed. On the one hand, 2860-28.8 point area is march the important support area middle market; On the other hand, this area is basically engulfed spring market rises again in half, and makes the point smoke reasonable, in addition, from here to 2950 some resistance has also open distance, its space enough for a rallies.

For the bounce of the form, personally think mainly exist two possibilities. One is the plate fast rebound, this kind of form operability is poorer, suffer more firmly delivery. 2 it is dip in place after the market after some hesitation, beginning slow-moving launch rallies, this kind of form can probably get rebound for two to three trading day, have a certain operability. In the process, consumer stocks mbt sandals sale and recent super fell theme stocks have the chance to show, investors can choose. But it is important to emphasize that can change the middle rebound, so must adjust trend will hold.

Grail broken bits fell medium-term trends reverse

This week, three trading market weakness all show, just a three day's rise has previously, even if a complete disruption, Shanghai synthesis index offerings bank stocks fell 29 points might still embrace. Macroeconomic policy tightening MBT Nama cumulative effect, sustained small dish stock valuations "fix" the elusive and peripheral situation caused a-share market together recently adjustment. Technology, this belongs to the typical broken bits falling, it also announced the upward trend since January has been reversed, at present the market are waging metaphase is adjusted market. This results in the second quarter with our previous broadly in line with the judgment, just a bit more later.
Bad practices by quantitative change to
To adjust the causes, intense, even if the current controversy, many baristas point has 2,900 disagreement over both sides still empty. But the reality is, the market share and the materiality benefit lack of pull, on the MBT Kipimo contrary, bad factors still is gradually accumulation, and began to happen qualitative change.
First, macro policy accumulation effect appears gradually. Since last year's fourth quarter since the tightening monetary policy, tightening monetary policy, the market funds continue to influence of the obvious. Although many people naively in market regulation, there will be many after housing stock funds to their necks. But from the market in the past three months, we always see observe signs of incremental capital actively entry. Especially in April, after raising interest rates again mention must increasingly clear the situation tense financing area.
Secondly, the future policy expected are began to change. In the first quarter rose, mbt sandals sale very important reason is that expected a macro-control might turn to. But from the actual situation look, the anticipated and no basis. Economic data show that in the first quarter of tightening policy didn't cause the entity economy, and the apparent first quarter inflation remained high, plus the expected future input type, and therefore are still serious inflation tightening policy execution will still be more firmly. Especially when we see some areas in the peak has not yet arrived, had appeared power supply tensions in the market is more worried about that. If macro regulation strictly stick to it, the future economic slowdown and performance of listed companies downturn will be reasonable results.
Once again is the result of market valuations repair. The rise in the prices in the quarter, valuations repair is generally considered as the share prices of power, but most of the cycle of performance is also proved the stock valuations repair results. But, there is always a coin, valuations repair is not simple valuation levels rise, consumer stocks in the quarter also experienced valuations repair, only in its stock price always run down. More importantly, a lot of pannikin high diving, is actually in the way down, and the small dish stock valuations repair of disappointing performance and accelerated the process. So far, valuations repair actual are still in progress. High valuations, MBT Fumba. higher-priced stocks fell for market blow of obvious, and also in some extent suppresses low valuations varieties of room to rise. Besides the breeds for some period, originally called valuations repair differences do exist.

industry and commerce bank

Fund inflows index stocks adjustment space should be limited
Yesterday two city grail high open high to go back, afternoon, blunt high winners diving, end dish have rebounded, and eventually to even fall through at both of the two city yesterday 1989.2 billion yuan, clinch a deal amount can enlarge compared, but slightly Tuesday outflows trend still obvious. According to data shows, yesterday two city grail funds 61.49 million yuan net outflows.
This is mainly embodied in non-ferrous metal, real estate, chemical fiber, machinery, instrument meter etc plate. Among them, non-ferrous metal plate, net outflows in the capital's net outflows net outflows 8.58 billion yuan, for maximum stocks 601168), western mining (zijin mining (601899), jiangxi copper (600362), respectively, net outflows 0.8 billion yuan, 0.65 billion yuan, 0.58 billion yuan. The housing sector net outflows in the capital, the net outflow 6.99 billion yuan, maximum net outflows for zhongtian city cast (individual stocks 000540), vanke A (000002), gemale group (600383), respectively, net outflows 0.76 billion yuan, 0.44 billion yuan, 0.43 billion yuan. Chemical fiber plate 6.58 million yuan net outflows, net outflows JuHua shares (maximum stocks for 600160), 000976), chunhui shares (600618 chlor-alkalimbt shoes usa chemical (respectively), net outflows 0.61 billion yuan, 0.52 billion yuan, 0.35 billion yuan.
While bank kind, electric power, commercial chain, paper printing plate net inflows were present situation of funds. Among them, the bank kind in the first place, the net inflow plate fund net inflows 2.44 million yuan, for minsheng bank net inflows biggest stocks 600016), industry and commerce bank (601398), agriculture bank (601288), respectively (net inflows 1.32 billion yuan, 0.42 billion yuan, 0.35 billion yuan. Power in the capital, the net inflow plate, Maurice million yuan net inflows for Shanghai electric power net inflows biggest stocks (600021), power (600795), about 600642) can shares (thou respectively, net inflows 0.39 billion yuan, 0.36 billion yuan, 0.23 billion yuan. Commercial chain plate net inflows 0.41 billion yuan, net inflows for su ning electric equipment (maximum stocks 002024), Ming brand jewelry (002574), respectively 600612), store (net inflows 0.43 billion yuan, 0.17 billion yuan, 0.08 billion yuan.
Because of this, the analytic personage points out the current a-share MBT Shuguli dropped again, A space does not big in recent money continue because outflow plate, dropped again, such as space does not big non-ferrous metal stocks, with property etc, which are nonferrous metal stocks mainly because the dollar trend still clear, therefore, international commodity prices will rebound, which closed a-share market non-ferrous metal stocks fall further space. And while performing because real estate control policies are the asymptotically favorable faded out of the situation, even more, after Wednesday's tumbling, have been largely absorbing the new regulation policy brings the pressure.
Second, because index stocks continue to gain attention, especially of capital bank stocks, continuous raising interest rates continued expansion of spreads the banking, profitability is expected to ascend, and so far bank shares lower than its H shares, share a certain price advantage. In this context, the bank shares hard to keep falling, it closed the a-share market adjustment space. Meanwhile, some low-cost theme shares also have capital inflows, such as low power shares varieties, these all are likely to become the market, so short excitementMBT Nama or will be stabilising existed grail.

have a line on its efforts at the end of September

Period refers to the topix index ten even Yin serious distortion

Wednesday afternoon, market panic kill cheapen plate appear once approximation 2,900 observed, stock index futures we mark the most precautionary found that month since April IFL0 continuous contract begins mbt shoes usa from YuDaPan index, has already appeared rare "ten even Yin" our guangzhou bandung conference winners trends, to think, this panic kill cheapen brings us two points behind inspiration:

1. The Shanghai composite index serious distortion. Because of previous bank, steel, etc BuZhang, causing the weight shares the topix index independent of other index, even a new high for some investors into the bull market,MBT Shuguli but by observing our guangzhou bandung conference most representative period of 300 index and shenzhen IFL0 trend means contracts, found that the overall trend in recent market for big platform arrangement and no what bull said.

2. Short-term is expected to rebound reason. Currently 300 index and shenzhen are already IFL0 period refers to contract to 60 days, and 120, line in the northwest of past trends we found, observe 60 days, 120, have a line on its efforts at the end of September last year, supported by 60 days is the strong support line in the rebound sharply.

Overall, IFL0 pan on Wednesday period refers to contract for open amount of creating a hand 3.64 million, closing at hand, still have that many 3.12 million, is expected to start sharply ing for tomorrow after a short after is MBT Nama expected to rebound, short line.

commodity house opens to booking a certificate

"KongJia era"
Beijing issued "a room and a price" implementation rules
April 26, XuKun Lin said media interviews, won't let the "home sales plain code marks a price provisions of plot," old parchment effect is bad, bad, the typical social repercussions big illegal cases, shall be given a heavier punishment according to the law, and shall finals "public exposure,.
In the national development and reform commission shots at the same time, Beijing housing prices reorganization NDRC also announced a Beijing commodity house prices "a room and a price" implementation rules.
According to the regulation of Beijing, commodity prices and garage, each set of property prices in sales as needed, developers themselves without authorization site public premium.
Price departments of the real estate industry, overall intervention brought into the "KongJia age."
For example Beijing, commodity house opens to booking a certificate of project application, pricing more than average house prices and the surrounding area in the building, general regional house prices was difficult to obtain booking certificate. After booking card won, and must, in accordance with the selling prices, otherwise you will be considered violation mbt shoes usa "a room and a price" policy.
However, the "price" how to determine the benchmarking?
The foregoing near Beijing NDRC personage says, because the price department won't be a a building to check, and therefore make a "benchmarking of regional price", more than the price too much, will certainly be price departments focused.
Our reporter understands, local government announced house price control target later, most have taken out the price departments and construction department of housing prices control joint practice. Taking nanjing as an example, the new batch of commodity house price shall not be higher than the average regional house prices up by 5%, it is hard to obtain opens to booking a card.
XuKun Lin said, in the "home sales after the implementation of the MBT Shuguli provisions about price, including implementing anti-money profiteering law a series of standard real estate industry, the policy measures will price action comes on stage in succession.
Today's news surface overall partial empty. By last night, euramerican market early plate jumped stimulation 7.35 point, high open once after opening, but in 2961 rush on began after shock pressure drop point, continue to fill gaps in the afternoon, at 2 o 'clock in the stock index futures contract after driving fast falling, appear accelerated at the end of situation, may become warped on somewhat end dish, closed down 13.57 point, put in 2925.41, volume and flat and 1162.93 yesterday for a billion.
Plate, nearly 200 plate falling, no turn red range, including rare earth MBT Nama permanent magnet, water conservancy and other concept sharply, stocks fell significantly, reappeared at fourteen teams drop stop!

For real estate will be formulated windfall behavior standard definition

As for how to define the profits, sources close to the national development and reform commission, said the personage introduces the basis of defining profiteering behavior is the price law and seek profits on illegal for the provisions of the cost, including definition, profiteering behavior definition are defined. However, at present, relevant provisions, and not specifically targeted in the definition of commercial profits behavior standard.

The above personage introduction said, the national development and reform commission can then formulated according to real estate profiteering behavior define standard, which will include land cost, for developers the cognizance of the cost of development, but also including project pricing and peripheral commodity house of measures such as price comparison.

In early 2010 in Beijing on May 21, answered LiXueSen had lawyer to the national development and reform commission reports Beijing first open "ivy" project suspected exorbitant profits. The national development and reform commission director zhang ping in reporting on the national development and reform commission, which translates instructions on the price supervision and inspection department to accept.

This report then handed over to the Beijing development and reform commission investigate and deal with, but, today, for the first open "ivy" program is not unlawful behavior and the subsequent exorbitant profits, all the details of how to handle not announced.

"I haven't received any reply departments concerned." LiXueSen to our correspondent says, the provisions on the profits of and price law provisions are the ready-made, just price departments for years and not on the basis of the provisions of the real estate industry price management.

LiXueSen said that at present commodity house projectmbt shoes usa , mainly to see whether profits the cost of land, and secondly obtained the fabrication cost and tax costs, most of the real estate profiteering project is a few years ago land price low, and obtained when the same item after opening continuous rises in price.

For example in 2006 the first open with ivy "project, 433021.07MBT Shuguli square meters, construction area planning land 32039.52 yuan, clinch a deal valence its 2008 open quotation price is 9,000 yuan/square metre, 2009 November sells for 14690 yuan/square metre, and by 2010, price rose to April 36000 yuan/square metre.

A Beijing real estate developers told reporters that some large real estate enterprise store to store up to large area and long, if on real estate industry should focus on the profits, such large enterprises.

ZhangDaWei also says, the real estate industry profit, should will MBT Nama store plate long hours and those prices above the "floor price surrounding the king" in the investigation.

Money is not high enthusiasm is still comes

Last week, the shenzhen stock exchange outside into shock slump, still maintaining enthusiasm in funds low. In the AD from the data show that KaiHuShu and added new shares last week KaiHuShu slightly to ascend, though fund in years but the former still maintain the low level.
According to the data, and put the company in the last two city new a-share stock account number is 262342 households, the new fund door, KaiHuShu for 82640 than the previous week both appear small ascension. However, from the week's data to see, last week's new stock account number is still low level since this year, more than 40 million households from highs also has the very big disparity; New fund is the KaiHuShu above average in years. Account active degrees, the last week in the deal A account number occupies A account number all the proportion of 11.90%, trading active degrees for the posture of the continuation, but rebounded slightly in the overall also this year low level, it shows the active exchange-traded funds not high degree also.
Turn down the a-share market downturn caused when the mood of investors last week, the overseas market nudged feeling risk preference. Statistics show that by the end of April 21, the United States the s&p 500 volatility index (VIX) 14.69 points to 10,305.77, a small but consistent decline, of the previous week. This suggests that American sovereignty s&p cut last week brought by the us stock rating to shock has disappeared, overseas investors optimism warms up again. But this week, after the resurrection holidays in equities VIX index rose again, is strong, and the stronger again the specification or the overseas market investors and preferences mbt shoes usa of their emotional signs.
Analytic personage points out, ChangNaWai funds is not high, plus the enthusiasm of tightening, performance signs appear financing area "suddenly turn hostile" and large area, so A shares this week appear homeopathic big adjustments. At present, the debate has turned about market future for A period of time A year from performance data, or will provide short-term direction a-shares choice. The cumulative effects if deflation policy indeed for economy caused by some degree of fire, then A shares in the second quarter continue to find bottom or will be big probability events.
Regulation under pressure in the housing market are waiting for the May Day holiday is near, however, the NDRC price departments sing leading role by the new round of real estate regulation beat debut.
April 26, the national development and reform commission the price MBT Shuguli supervision and inspection department priests XuKun Lin accept media interviews revealed by the national development and reform commission is against profits measures, the price of commercial housing areas for punishing, illegal behavior will not plain code marks a price etc shall be given a heavier punishment.
Sources close to Beijing NDRC personage introduction, "51" later, the national development and reform commission will organize nationwide house price inspection work, mainly to the local government whether to appear commodity house "one house a" price policy and implementation check, will also field visit to developers sales department building, on the investigation.
Beijing ZhangDaWei centaline property analyst for the real MBT Nama estate sector, said against profits measures taken control policy, is part of the real estate, mainly for cover plate already for a long time and price significantly higher than surrounding the prices of project.

its intended to good basis of long-term stock market

Facing inflation expectations multiple uncertainties, the market recently adjust again. However, some funds think that ample liquidity, tightened policy in such background to stage highs, long-term see market movements still optimistic.

The rich fund specific assets management investment managers have liters to think, now MBT Fanaka the main logic research market there are three direction: the first is concerned, the company's annual report and quarterly listing The second is concerned with inflation outlook, tightening when ended; The third is to pay attention to the real estate regulation continuing stress test, and Banks results.
 Short-term adjustment don't change the long-term optimistic
To this, once litres said, the country has issued to tighten monetary policy, mainly in view of the present situation, each shot inflation early, regulation higher frequencies. Therefore, the second half of inflation situation will receive certain control, again considering the whole enterprise earnings is better still, therefore, the future market trends relative was optimistic.

In addition, the fund judgment at present market liquidity remains abundant, it also became its intended to good basis of long-term stock market.

Becomes fund that because of the foreign exchange continue to flow into, coupled with the quarter was substantial, total social financing liquidity remains fairly strong, the current is positive for stock markets will be.

Becomes fund says, is the main reason of the excess liquidity reserves continue to inflows. Last week, according to market data exchange rate in the dollar index go soft drive, the median us dollar to RMB increase is bigger, 22 6.5156, closing at a daily, since the renminbi yuan reform high. Overseas market for recent appreciation of the yuan is expected to increase, which will inflow of hot money plays important role. "Data shows, last week into China's capital size up not down, reflecting the overseas investors still rising enthusiasm for Chinese investment.

Excess liquidity becomes fund think, another reason isMBT Kipimo clog that in the first quarter of this year total social financing increased greatly. On the one hand of direct financing the proportion of total social financing increases; On the other hand entrust loan and the bank acceptance etc off-balance-sheet financing incremental number is considerable.

Xinhua fund also said that recent market power mainly from earnings rising prices pushed close, while in annals, performance pushing effects, short-term markets rose after the decline, while market underpowered to high inflation data, economic growth and tightening control policies decline still worried. However, stay inflationary pressures, policy tightening expected after such negative factors concussion, the market long-term trends digestion is valued, low valuations remain the cycle can still be attention of stocks.

In zheshang fund view, government by a force pushing security room construction, railway transportation, water conservancy construction, support emerging industry development, fiscal policy, basic economic downside hedge, the influence of investment is still the economy driving point. Expected to stimulate consumption will also develop in the second half of the policy, consumer growth will have rebounded. Export, peripheral economies were undermined and product prices will push exports still keep a higher growth rate. Overall, one, two quarterly economic growth rate will appear drop, the entity economy is expected to be the lowest data appeared in July, followed by six, due to the policy,mbt shoes usa become loose, consumer investment restart, three to four quarterly economic growth will again restore upward. Full-year is expected to present situation. After former low high

basic provide support for the share price on

Although the tourism industry valuation compared to other industry appear on the high side, but, benefit from americans the improvement of living standards, policies and the support of the traffic environment improvement, tourism demandMBT Fanaka growth, industry fundamentals and policy is far better than most industry. Therefore, we suggest that the second quarter ultra matches the tourism sector.
In the short term, industry, good catalyst successive specific performance as follows.
1, tourism industry into the traditional peak season
With the arrival of the second quarter, tourism industry into the traditional peak season. According to the travel network ctrip.com offer material, 4, and 5 months did swim, free reservation team tourist Numbers increase, tourism is to rise slightly offer. From the way the cattle travel network monitoring data also show that, with the coming of the season, some tourism destination hotel and airline ticket prices were slightly growth, including Beijing to hainan ode five-day tour the rise is as high as 31%. April is a traditional touristmbt shoes usa season, and we believe that tourism an increased number of tourism products, from the increase in the price of basic provide support for the share price on.
2, "islands duty-free shopping swim" incentives for hainan leisure
March 24th, "islands tax-free" pilot press conference held in haikou, sure in the April 20 commissioning, May 1st official implementation.
"One of the objects of isolated islands tax-free" the high-end consumption at home is. Therefore, the next few years the tourism person-times of hainan and per capita consumption will appear, hence a sustained, rapid growth of hainan tourism related services for the core of ascension brings comprehensive. Tourism, real estate and sale of goods, and transportation industries will be the biggest beneficiaries.
We think CITS, Beijing capital tourism shares, ST east sea, MBT Kipimo clog three special cable and other companies will benefit.
Three, xian garden expo to promotes local tourism
The 2011 28 April to October 22, the world for 178 days in xian exposition was grandly held Ba action, is expected to visit hrowing-seedling number will reach 120 million. Affected by this, xian related tourism, catering and retail of listed company 2011 performance is expected to exceed market expectations.
4 the 60th anniversary of the peaceful liberation of Tibet and bring regional investment opportunities
The 2011 May 21, in Tibet have peace 60th anniversary of the liberation, we expect that countries will increase to Tibet's fiscal, taxation policy support, Tibet will usher in historic development opportunities. Although the economic development of Tibet is relatively backward, but its abundant natural resources, with the potala palace, the mount Everest, yarlung grand canyon, ali mountain in Tibet, tea-horse road other world renowned tourism brand, tourism and the development level of neighboring compared with a lot of ascension space. As we have learned, "1025" period, Tibet tourism should realize from the tourism product advantage of tourism economic advantages to the tourism foster become across, enriching the dominant industry and promote wuhu economic great-leap-forward development strategy of Tibet support industries. Tibetan regions of the listed companies, we think Tibet tourism, Tibet TianLu (600326) and Tibet development 000752) can focus on (.
Tourism plate overall in the history of the lower valuations level, now plate about still-racy 34 times since 2006, far below the average of the 52 times. Considering the industry into the golden period of development and company performance, suggest the growth focus, jinjiang shares, songcheng cyts shares, CITS, emeishan, Beijing capital tourism shares; Meanwhile attention xian diet and ST long letter, etc.

Short-term adjustment don't change the long-term optimistic

Facing inflation expectations multiple uncertainties, the marketmbt shoes usa recently adjust again. However, some funds think that ample liquidity, tightened policy in such background to stage highs, long-term see market movements still optimistic.

The rich fund specific assets management investment managers have liters to think, now the main logic research market there are three direction: the first is concerned, the company's annual report and quarterly listing The second is concerned with inflation outlook, tightening when ended; The third is to pay attention to the real estate regulation continuing stress test, and Banks results.

To this, once litres said, the country has issued to tighten monetary policy, mainly in view of the present situation, each shot inflation early, regulation higher frequencies. Therefore, the second half of inflation situation will receive certain control, again considering the whole enterprise earnings is better still, therefore, the future market trends relative was optimistic.

In addition, the fund judgment at present market liquidity remains abundant,MBT Fanaka it also became its intended to good basis of long-term stock market.

Becomes fund that because of the foreign exchange continue to flow into, coupled with the quarter was substantial, total social financing liquidity remains fairly strong, the current is positive for stock markets will be.

Becomes fund says, is the main reason of the excess liquidity reserves continue to inflows. Last week, according to market data exchange rate in the dollar index go soft drive, the median us dollar to RMB increase is bigger, 22 6.5156, closing at a daily, since the renminbi yuan reform high. Overseas market for recent appreciation of the yuan is expected to increase, which will inflow of hot money plays important role. "Data shows, last week into China's capital size up not down, reflecting the overseas investors still rising enthusiasm for Chinese investment.

Excess liquidity becomes fund think, another reason MBT Kipimo clog is that in the first quarter of this year total social financing increased greatly. On the one hand of direct financing the proportion of total social financing increases; On the other hand entrust loan and the bank acceptance etc off-balance-sheet financing incremental number is considerable.

Xinhua fund also said that recent market power mainly from earnings rising prices pushed close, while in annals, performance pushing effects, short-term markets rose after the decline, while market underpowered to high inflation data, economic growth and tightening control policies decline still worried. However, stay inflationary pressures, policy tightening expected after such negative factors concussion, the market long-term trends digestion is valued, low valuations remain the cycle can still be attention of stocks.

In zheshang fund view, government by a force pushing security room construction, railway transportation, water conservancy construction, support emerging industry development, fiscal policy, basic economic downside hedge, the influence of investment is still the economy driving point. Expected to stimulate consumption will also develop in the second half of the policy, consumer growth will have rebounded. Export, peripheral economies were undermined and product prices will push exports still keep a higher growth rate. Overall, one, two quarterly economic growth rate will appear drop, the entity economy is expected to be the lowest data appeared in July, followed by six, due to the policy, become loose, consumer investment restart, three to four quarterly economic growth will again restore upward. Full-year is expected to present situation. After former low high

tourism is expected to substantially increase the number of tourism industry

Investment points:

In the second quarter of investment strategy point of view:mbt shoes usa theme highlights, regional strong benefit from "1025" planning area revitalization and "rich" program, and industry is in its golden decade, at present plate valuations have larger ascending space; YuDaPan, weak performance in the first quarter industry to repair; plate valuations Second quarter into tourist season, and the thematic investment opportunities appear, regional concept continued strong second quarter is expected to comprehensive, beating the grail. See, still attention from the annual performance and future growth good stock, emphatically recommended stocks: CITS, Tibet tourism, emeishan A, huangshan mountain to travel. Short-term investment opportunity to consider from thematic, recommend: 000610), travel (xian xian diet; Expect gold star * ST zhang shares.

Quarter YuDaPan, valuation industry performance weak below historic average, yet to be fixed since catering tourism sector rising early 4.15%, ranking the first 14, industry performance YuDaPan; weak The current food tourism sector PE for 50 times below the historic average level, has the valuations repair expectations.

The tourist season in the second quarter, tourism is expected to substantially increase the number of tourism industry in the first quarter is catering off-season, tourist arrivals, tourism income on a small increase; The tourist season in the second quarter, with the number of tourist arrivals are expected to increase.

Market investment hot hainan exemption policy dustMBT Kipimo clog settles, direct benefit CITS; With the 90th anniversary of the communist party, the 100th anniversary of the xin-hai revolution such important time node of the approaching, all kinds of different style, different themes of red tourism lines are gradually warming; Thematic investment opportunities highlight: April 2011 on, China international horticultural exposition held in xi 'an, direct holdings in xian xian tourism, diet; The 14th international fina congress world championships and the 26th respectively the world university games in July and August held in Shanghai, shenzhen, good local listed companies. Consistently strong regional concept: "big shangri-la" resort &; Chongqing economic zone makes

Recommend stocks pool CITS: can bring the hainan islands substantially performance ascension dust settles, exemption policy end on April 20th, commissioning. CITS performance substantially increase but period; * ST zhang shares: * ST zhang strands of restructuring in January has "airness", jan. 28 * ST zhang strands of restructuring through audit obtained MBT Fanaka CSRC. In addition, * ST zhang strands of seasoned scheme has also approved, raised funds for * ST zhang shares reshuffled provides financial support, the development is expected to enhance company performance; Tibet tourism &; Xian diet: hold concurrently thematic investment opportunities and sustained high growth situation; A: YuChengYu emei mountain zone planning; benefit Xian tourism: benefit from 2011 China international horticultural exposition.

oth the external cause a large release liquidity

In march, the CPI inflation is growing at 5.4% and internal: both the external cause a large release liquidity, external U.S. dollar, with inflows into the emerging countries; Meanwhile crude oil, metal commodity prices even higher inflation, input type innovation more serious; Internal lewis inflection point coming, Labour costs rise, income forced to raise, the overall price hikes. We believe that, Tory Burch Sandals Sale, even if the management through monetary policy and administrative intervention to regulation, the overall price level to maintain high this year trend of very difficult to change, high CPI will be in long-term future existence.

"1025" plan finalized by "big spending in the past," lead is difficult to imagine. Christian Louboutin Evening Sale, China's economic three carriages "investment, exports, consumption, consumption has been ranked last in 2009, with the government invest big four trillion yuan, investment has reached its maximum; Along with the RMB continue to rise and Labour costs rise, export to maintain the fast growth increased difficulty; While China has a global 1/4 of the population, along with the national economic strength increases and national income increase, consumer upgrades and increase will be the main driving force of economic boost China's.

As a consumer standpoint, medicine, retail industry, electrical appliances, food, travel, clothing maintained the growth of certainty. Judging from the 2010 annual report of the listed company, the average growth -- 30% in 25%, but part of the consumer stocks in the past few years have been TunBing, therefore, the organization has been higher overall p. In the first quarter of this year due to the rise of blue-chip big capitalization, funds, consumer stock signs appear metastasis appeared collective drop, average cut at 20%, run lost stock index. But such transfer has investment opportunities, with the arrival of the second quarter, 51, the Mid-Autumn festival, the National Day, New Year's day, consumption industry investment opportunity is coming again.

Maintain high inflation, beating the CPI is today the ideal, all investors are seeking brand of consumption enterprise, will ensure stable prices space and effective capacity expansion, this enterprise is worth us long-term investments. Tory Burch Flats, Remembering the past decade of maotai, yunnan white drug-powder (000538), DongA donkey-hide gelatine (000423) such brands, their growth is the enterprise with Chinese economic and population income synchronization, investment such enterprise overnight, but may be difficult to secure and stable good wealth of Daniel, these enterprises run win CPI is one of the best investment mark.

Shorting kinetic energy has released

Overnight us stocks innovation by high impact, plus market after continuous winners, shortingChristian Louboutin Evening Sale, kinetic energy, yesterday morning session has released two city high jump slightly open, empty in finance, petrochemical, coal, cement and other blue-chip varieties lead bottom, index, but quickly pull litre in rush and then high pressure cast dish slow shocks to the downside. Afternoon grail concussion, two weak after maintaining market in B shares slump, appear under the influence of a wave of plunge quotations. End dish in power sectors such as pull up along the narrow, drop two cities, to closing by Yin line barrel.

Look from technology form, grail has continuous accept out four root Yin line, greatly released zuokong kinetic energy, small periodic technical indicators observation has formed 30 minutes bottom structure. The structure will deviate from market to appear short-term technical support rebound.

Operation Suggestions remain cautious and continue to focus on fundamentals are more Tory Burch Flats, advantage of support blue-chip stocks and benefit from the aviation faster appreciation of the renminbi, new sectors such as low attention already end share the mid-term adjustment should be pharmaceutical, textile and clothing and winemaking etc. Consumer industry opportunities

Open-source securities

Market weak form apparent

On Tuesday, the market plunges below averages support and euramerican market under the influence of unilateral rise, yesterday market highs, continue to shock downside, lowest dip in near 2910 rise. Blue-chip weight shares have signs stabilising winners, but stocks doing not decreased, the Shanghai index downward, continuation adjustment final continue pattern. Plate, 50 industry plate cement, textile machinery, financial, papermaking, electric power industry GongPan barrel, printing and packaging, bicycle industry precede, statistical results fall only 5 home industry rise.

Yesterday financials to index fell space formed certain inhibition, display market still has some funds for offerings action. While previous hot theme shares fall yesterday appear larger, dickon pharmaceutical (600466) is to drop stop barrel, tory burch online has greatly affected market popularity, and the market calorimeter and not shrinking, also hints panic cast dish is still appear constantly.

Take market weight larger non-ferrous, biological pharmacy, real estate, steel also continue to sustain concussion fall, and the steel plate forms in lai steel 600102) and real estate shares (plate zhongtian city cast (000540) drop stop. The disk of a slight window still belong to defense sector such as finance, papermaking, electric power, market weak form apparent. The main do future market power such as non-ferrous, real estate empty if they can't, the reason such as the record low of probability tanabe index also increase gradually. At present market is not very good trading sexual opportunities, so that keep light warehouse or empty camalig wait-and-see should be preferred solution.

Nations HuangXueJun points out

Nations HuangXueJun points out, the securities strategy researchers compared to published listed companies, annual reports and quarterly earnings 2010 found the company occupied 95%, and to the proportion year to the first quarter fell to 79%; In addition, the enterprise cash flow appear slipping substantially by Tuesday, published quarterly in listed companies the 1818-1820, 123 companies cash flow shown negative growth.Christian Louboutin Evening Sale, Listed company a quarterly sharply lower than expected for the enterprise and has sparked concern macroeconomic fundamentals.

HuangXueJun think part of first quarter results, as expected, "quarterly price" become is full of DeLeiZhen, although performance trap bank stocks is not good, but since the Spring Festival published quarterly earnings prices may have in this week is ending. Due to the fast rhythm of issuance of shares, still, gem of the second new could face further valuation regression. But Banks still robust, the bulk Tory Burch Flats, lots stock performance market also won't appear trend decline movements.

Wide hair negotiable securities (000776) that have fundamentals, policy in under pressure, the cabinet and the funds support valuations Shanghai index structure, will stand around 27 - the interval operation, 31 points is worth looking forward to structural opportunity. Which can bring super expected cycle breeds and can fully benefit from the reform of income distribution system will become the bigtory burch online consumer industry investment lines

early yesterday both high open in cement

On Wednesday, quarterly reports of listed companies face haunt a-share shadow, plus B shares the Shanghai and Christian Louboutin Evening Sale, shenzhen stock index afternoon diving both main charge out four even Yin.

Shenzhen index, early yesterday both high open in cement, papermaking, dish of coal, petroleum, brewing under the impetus for sectors such as rebounded, but pull litre didn't get volume to cooperate, index dropped back again, afternoon B shares index diving again, sensitive nerve stimulation of the market, in pannikin, winners of panic again dragged down index closed out four even Yin. At closing, the Shanghai index fell 13.57 2925.41 points, newspaper, drop 0.46% point; 12358.88 points, ChengZhi quote shenzhen 0.72% 89.60 point, drop fell. Small and medium plate means and gem refers to drop respectively 0.94% and 1.64, B shares index plunged 5.33%.

Funds continue net outflows situation, but total net outflows appeared to atrophy. According to the big money flow statistics, yesterday a-share market 61.5 billion total net outflow funds before yuan, A reduction of nearly 30% A trading day. Non-ferrous metal plate for a third consecutive trading day net outflows, high amount of top net outflows 5.74 billion; More recently, the real estate sector performance instability yesterday net outflows funds to evacuate, a billion yuan, in second place; Secondly separately for chemical fiber, medicine, motor vehicles, machinery plate, net outflow in 4 billion to 4.8 billion yuan between; Bank kind, electric power, paper printing, winemaking food four plates net inflows, Tory Burch Flats, but realize funds, which are not the scale of the bank sector also only preeminent net inflows 120 million yuan.

As a listed company annual and quarterly close, listed companies disclose the operation situation surface. High valuation of the gem, small and medium plate company performance compared with the mainboard speed is not advantage, part of the small and medium-sized market value as expected performance by selling consecutive kill cheapen individual stocks.

It also leads to the main index trends appear differentiation, obviously, this week in three day Shanghai index, small and medium-sized board refers to the cumulative fall respectively, gem refers to 3.62%, 6.18%, 2.83% respectively, gem refers to run lose tory burch online market other index significantly.

already weak market for originally

Yesterday, jumped and innovation in outside dish under the background of HuZhi high, high ZhuLang recede, and theTory Burch Sandals plate are still not appear initiative, into buying that do the grail energy is still very energetic make empty. In addition, including chlor-alkali chemical (600618), strong strands early also adding to the squad, plunged peatlands plus B shares index tumbling, these negative factors in the already weak market for originally constitute more heavy blow.
Technically, the HuZhi 3035 point so far has been from pull out four root Yin line, short line grail zuokong energy have gradually signs of abating. The Shanghai index, K line shows, since 3035 points are nearing completion of a market, is expected to fall in the index will point to 2,900 point area 280 supported. Hypothesis, was established in judgment at around 50 grail concussion correction within the scope Tory Burch Flats, of the wave fall. Grail 3067 after correction short on since the first paragraph the last fall, when grail will appear waves a wave of level of technical rebound slightly larger.
Operation, 60 minutes K line hint, grail operation to 2,900 point near the rebound might be more big, risk preference investors can be appropriately short line to participate.
Wide hair negotiable securities (000776)
Grail rebound would come at any moment
Stock index in peripheral market is going strong stimulation showed yesterday morning session under, but performance mines grows in popularity and lax, fierce cause market of commodity house implementing anti-money commission will then hit by performing windfall cause again, following gem, regional plate after by detested downward, continue to accelerate the theme of more than one year of foam began to form tory burch online one investment disillusioned.
Although at present the stock index was continually dip in, but two city has appeared four even cloudy, many stocks already ulterly changed, the Shanghai index has dropped to 60 daily line important support, investors already shoulds not be republished kill cheapen short, continuous drop at the rebound after may come in variety selection, the appropriate on key avoidance has not released a quarterly earnings growth of the company, clearly, with a price-earnings ratio of lower second-line blue chip (non-bank, real estate, non-ferrous) for Po rebound preferred varieties.

shorting kinetic energy release

After continuous winners, shorting kinetic energy release, somewhat on Wednesday launched two municipal movements, the super fell rebound in both high open, collective super fall weight shares rebounded, helped open quotation rushed in high and index of launch concussion, Tory Burch Sandals 2950 point area but lack of quantity can cooperate, index concussion, and small and medium-sized board gem is downward continuation movements, the broken bits winners continued popularity, greatly contusion field. Afternoon continue highs situation, in real estate non-ferrous and two barrels of oil, index starts again dragged down below 60 dramas, and plunge date line support. At closing, quantity can continue atrophy, display investorscautiously wait-and-see atmosphere.

On the disk surface: cement plate on Wednesday after days after preeminent callback rise. Because of zhejiang,tory burch online store jiangxi off-season power failures appear more, thus limiting power helped cement prices expected, jiangxi cement (000789) led the cement strands of collective leave high to go high. Benefit of RMB appreciation paper plate also continues to adore, castle peak paper (600103) impact harden stimulated plate do much enthusiasm, generally do better than grail. In addition 1025 planning urged national medicine pharmaceutical industry development, medicine and pharmacology, Tibet meet hot holding 600211) led to GMP concept collective rush on relevant five o 'clock. By contrast, real estate, gold, chemical, rare earth sectors such as the collective scandal-ridden adjustment, large breed, a quarterly rise no good achievements by money selling varieties, long march appliances, JiXiang tengda (002408) tumbled.

News surface: human resources and social security, social insurance fund supervision, said the ChenLiang future chief of social security funds, including pension will be to find a suitable way and capital market success realization docking. The measures for the administration of enterprise annuity fund on May 1, more than 1,000 this year up to enterprise annuity into equities billion yuan. Annuity management institutions concerned enterprise pool plan pilot work will be launched comprehensively within this year. Against part of the media says CBRC raise five large commercial bank minimum capital adequacy requirements, CBRC, said relevant principals 26 for five large CBRC minimum capital adequacy requirements of commercial Banks, and previously powerful 11.5 percent still express and had not changed.

SuLiang calling from huaxun financial think: words fall see bottom premature. Although SuLiang for the market outlook that institutions, valued rised intend to stronger, but small and medium plate winners have broken a gem continued popularity, field points market representation, weak obvious flagging. Pan though stocks harden, but drop stop shares still continuously appear, can see, stocks still in gradually release the risk. On the disk surface disorderly, old hot hot new hot my fever has broken, but failed to appear, makes poor market money though, stocks effect is not like start a massive drop stop, but the risk is still too early in the release of the rise, fall, and for varieties of bad results, and small and medium-sized board stock in adjustment gem, are broken bits continued factors of market cannot reason lie. Just drop stop shares appear, index unaccountable see bottom, adjust will also continue.

Weakness: on the whole prospect, index broken bits phenomenon watch is obvious, below 30 line important support level and 2661 point support line, shenzhen composition index form is more apparent, cabinet supported by rail has also fell below. Though Wednesday morning session super fell rebound index, but infinite focus has up under attack on market index highs, starts again diving dramas. From a technical point of view, whether HuZhi, shenzhen composition index, or small and medium plate gem index, shows that a relatively serious super sell signal,Tory Burch Flats Sale, so the bank to slacker offerings on Wednesday, after diving again or index of a wave of super fall again rebound. But how to rebound strength current quantity can see, does not support a strong counter-offensive quotations. Distance the May Day holiday, only two trading funds wait-and-see atmosphere, the index will not have too big performance. Thursday, 29 points, pressure support level near a 30 line. Anyhow, grail systemic risk, investors must severely storehouse, without overburden nest eggs to finish under the big stocks rise, fall bags for Ann, and attention to a quarterly performance, to evade array of poor stocks risk. So a test on Thursday. Wire may be 60 days Operation, suggest investors, and the attention of severely positions for stocks, timely adjustable storehouse in addition, for recent financial stocks calling from huaxun king, main evaluating to monitor for financial sector funds have gradually entered the signs, later can focus on whether it can drive grail stabilises rising.

"Banks, cement, resource" 1 can't be little

 

And if the vision to expand the fund of an ancient name for China, the whole team is the thoughtway abnormal Tory Burch Heels Sale, clearly - which is bringing cycle strands, especially bank stocks, cement stocks and resource shares.

 

The quarter on quarter huaxia overall holdings and compared, can find, ranking top stock change is the biggest is cycle strands of whole location uplift, as well as mechanical equipment and electronic industry open cuts.

 

What quarter, seeking the limelight of "lai treasure strength dongfang electric, cnooc high-tech, served QianChao, China north of gearwheel device, universal car" stocks have been gradually exit the whole of fund of an ancient name for open combination.Tory Burch Handbags Sale,And the construction bank, China merchants bank, conch cement, and technology, pangang vanadium titanium stocks becomes fund of an ancient name for more than one fund under the cross position focus.

 

Especially with conch cement, jidong cement as a representative of cement stocks and with construction bank as a representative of many more become huaxia bank shares the key position large funds. With the corresponding, both what industry for 2011 are the best before the first quarter among five industries. China's industry is evidenced the allocation capability.

 

Other funds: to cycle shares attitude differentiation

 

This view is not for Chinese industries, instead, and widely recognized by the people criticize economic. Such as the quarterly reports published today has many fund under error that sooner or later the limelight, growth stock will return.

 

Error strategy fund in quarterly, "said of the macroeconomic situation uncertainty made it difficult for us to make clear configuration strategy,Tory burch outlet but bottom-up carefully selected stocks is our long-term investment method." The fund that with urbanization and obvious benefit Midwest business enterprise, and have long-term growth potential pharmaceutical sectors such as attractive began to add, will choose some of these varieties firm hold.

 

Long letter fund manager is more showy aodelaisi inc, "said buying aggressively timing may have come".

low stock harden steel shares rose to precede

A day earlier, two city volume nearly unchanged increased, low stock harden steel shares rose to precede, some fund heavy warehouse shares dropped sharply.

Shanghai public information is the first increase in 600894), injure shares (ambitions 600122) Tory Burch Heels Sale, and China high-tech (600007 guomao (). High tech unfolds, except authority sends turn seal harden, public information in the display minmetals securities shenzhen gold and road entrance business large single intervention, liquidity, short line IT chain leading concern. China itc, public information display inflows involvement, the main commercial real estate lease, not rise, not exclude BuZhang opportunity, short term liquidity mining is advisable.

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Shanghai fall before the hainan in coconut island (600238), quarterly not beautiful, share price low open seats at low walk,Tory burch outlet special seats sell. Institutions Enterprise 600511), shares (published quarterly, put huge amount fell, three seats institutions, fund sold special seats, to evade tone warehouse signs.

Wednesday intervention with faith in Tibet

Shenzhen exchanges in the increase in public information before 000717), songshan (shaoguan public information display following its three sales of securities sold sharply, inflows to hype, 1.2142 advisable. Sichuan jiuzhou (000801), continuous two days,Christian Louboutin Boots Sale, public information displays, harden barrel Wednesday intervention with faith in Tibet the securities hangzhou tianmu road, and large single sold yesterday 000776) liquidity wide hair negotiable securities (still in intervention in liaoyang, minzhu road business attention. Short

Shenzhen exchanges a decline of 20% is continuously developing (000895), remit the stock after the resumption of continuous drop stop, yesterday, public information display institutions reason four seats intervention, special seats sold five seats, lean lean, pure event performance damaged yesterday, heavy warehouse stock fund does not exclude the fund self-rescue may trend, to evade.

Taken together, with a disclosure of the quarterly reports, some bad results by the fund heavy warehouse strands of selling, Tory burch outlet investors fund should try to circumvent such varieties.

Causes the stock shares: opening soon firmly sealed harden, public information display inflows countries 000728) securities ($Shanghai hongqiao road sales nearly 100 million fund intervention, and AnRi shares asset replacement, achievement is facing revaluation, quarterly, do not eliminate to be disclosed in advance, short line layout liquidity concerns.

Zhejiang earthquake yuan (000705) : the stock by the eu announced subsidiary drugs authentication,Tory Burch Sandals,peatlands sealing harden, public information display a mat institutions dedicated seats and capital securities shenzhen gold ore large single intervention in the entrance, drug authentication, sales can period by facing revaluation, performance, agencies participate, deserving of attention.

WangYaWei quarter continue to keep a high position strategy

Last night, fund of an ancient name for a quarterly its funds 2011 all disclosure, "one elder brother" WangYaWei fund this year choose a strategy to exposure. According to fund of an ancient name for a quarterly reports released last night, Tory Burch Flip Flops Sale, WangYaWei quarter continue to keep a high position strategy. The combination varieties, its a modest adjustments of the top 10 heavy warehouse shares also appeared greater adjustment. He says, the second quarter before rising stock index is expected to be a promising, will continue to lower valuations blue chip, with property may also welcomed investment opportunities.

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Take a higher position operation strategy

For Chinese market and Chinese strategy WangYaWei quarter, Tory Burch Handbags Sale, two funds, are adopted to remain higher up the operation strategy for combination a modest adjustments do varieties. Two funds have reduced concentration to increase the flexibility of operation and reduce the varieties of defensive, the more inclined to choose offensive stocks. In China the operation, the bond strategy continue to increase, the investment of convertible bonds offensive improved. Combined

Broad remit shares (600256) is still two fund holdings most stocks, and two funds have analyses the influential sharply.Tory burch outlet Ending March 31, 31.5 million shares held huaxia grail huaxia strategy will hold the 1274 million shares, accounting for up to 9.07% and 9.08% than respectively. Late last year the holdings than 18 million shares and the 780 million shares had improved greatly, this shares recent performance is good. For once for its brought doubled earnings JinYu (600086), east WangYaWei again in the first quarter, the stock immediately leapt two funds in second, but heavy warehouse strands finalists.

Shandong HaiHua (000822), baosteel shares (600019) in WangYaWei value, all in the first quarter was for new into two fund 10 heavy warehouse stock list stocks. Among them, the Chinese market, Chinese strategy HaiHua 3210 million respectively hold shandong 11.9 million shares,Tory burch outlet shares and the share prices since the beginning, since the start of ending March 31, enter 33.77% accumulated rise since April. Keep good apparently still And baosteel is relatively common shares trends, since 14.87% early rise only.

WangYaWei quarter continue to keep a high position strategy

Last night, fund of an ancient name for a quarterly its funds 2011 all disclosure, "one elder brother" WangYaWei fund this year choose a strategy to exposure. According to fund of an ancient name for a quarterly reports released last night, Tory Burch Flats Sale, WangYaWei quarter continue to keep a high position strategy. The combination varieties, its a modest adjustments of the top 10 heavy warehouse shares also appeared greater adjustment. He says, the second quarter before rising stock index is expected to be a promising, will continue to lower valuations blue chip, with property may also welcomed investment opportunities.

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Take a higher position operation strategy

For Chinese market and Chinese strategy WangYaWei quarter, two funds, are adopted to remain higher up the operation strategy for combination a modest adjustments do varieties. Two funds have reduced concentration to increase the flexibility of operation and reduce the varieties of defensive, the more inclined to choose offensive stocks. In China the operation, the bond strategy continue to increase, Tory Burch Boots Sale,the investment of convertible bonds offensive improved. Combined

Broad remit shares (600256) is still two fund holdings most stocks, and two funds have analyses the influential sharply. Ending March 31, 31.5 million shares held huaxia grail huaxia strategy will hold the 1274 million shares, accounting for up to 9.07% and 9.08% than respectively. Late last year the holdings than 18 million shares and the 780 million shares had improved greatly, this shares recent performance is good. For once for its brought doubled earnings JinYu (600086), east WangYaWei again in the first quarter, the stock immediately leapt two funds in second, but heavy warehouse strands finalists.

Shandong HaiHua (000822), baosteel shares (600019) in WangYaWei value, all in the first quarter was for new into two fund 10 heavy warehouse stock list stocks. Among them, the Chinese market, Chinese strategy HaiHua 3210 million respectively hold shandong 11.9 million shares, shares and the share prices since the beginning, since the start of ending March 31, enter 33.77% accumulated rise since April. Keep good apparently still And baosteel is relatively common shares trends, since 14.87% early rise only.

ST ShanJiao is one of the winners WangYaWei pressure, statistics show that the stock has reached this year 46.8 rise. This stock although failed to enter Chinese market top 10 holdings lists, but in China, ranked ninth strategy rose compared with the 2010 annual number of shares has not changed. According to WangYaWei consistent operation idea, may also not huaxia grail of its reducing the holdings. According to the annual data, two funds hold the strands of about 16 million shares on schedule.

It is worth noting WangYaWei investment also not barnes&noble.com victory, since last year GuangZheng steel structure (the intervention 002524), level of hongdu ing year to the first quarter 600316 airlines () etc, have been in did not bring excess profits trend. In the fourth quarter of last term 000090), deep tian jian (also not satisfactory, movements last November 9, and fresh record highs this year began to decline, February also dipped below half year line. And in the first quarter of huaxia grail still the influential, holding to 500 million shares.

Bank shares sharply reducing their holdings

From the beginning has been WangYaWei hold a lot of bank stocks, but these stock to fund net value did not bring added value.Tory burch outlet In the fourth quarter last year, from start to construction bank (WangYaWei, industrial and commercial bank of China (remnant) 601398) were greatly reduce their holdings of bank of communications (, 601328), everbright bank (the 601818) immediately. And in the first quarter of this year saw WangYaWei bank stocks has almost vanished from the warehouse, currently remains only in Chinese strategy of them hold traffic bank compared with million shares, without any change ownership annual reports.

For the second quarter WangYaWei believe that with the international trend of the rise in oil prices, input increasing inflationary pressures, but cause domestic inflation short-term factors will be strong administrative measures to effectively control dissolve, without causing inflation. Stocks in the listed company of good results, is expected to be driven by rising slightly. The second quarter represented by bank valued lower valuations qualified blue chip stocks; If not issued tougher measures to even policy of real estate, adjust fully relax somewhat the words of the real estate stocks will have a larger rise space. This fund will be "bottom-up" seeking investment variety, to optimize and actively grasp investment opportunities.