Taiwan stocks suffered a rare slump in June, but the investment trust legal person did not hit the lows again, but made active use of the low points. As of July 27, the investment trust has been bought for 24 consecutive years, why does the investment trust keep buying? Which stocks are they going to buy?
【arts/ Ye Jinlong】
Taiwan stocks saw a rare plunge of 11.79% in June, but the investment letter did not drop any lower, instead, it used the low point to actively deploy. Looking back now, the investment letter has become a short-term winner. will be the focus of this analysis.
There are 4 major directions for investing in buying orders
Observing that since June 24th, the investment letter has been buying continuously every day. The closing price of the broader market index on June 23rd was 15102 points, just around the low point of 15159 points in May last year, and it was also close to the integer mark of 15000 points. The half-year high of 18,619 has pulled back about 3,500 points, nearly 20%, so the investment company expects that between 15,000 points and 15,159 points last year may be the bottom zone.
However, the investment letter should not have expected that such a low point layout, and the US stock market pullback was limited at that time, the Taiwan stock index could fall by more than 1,000 points and reached a new low of 13,928 points. Fortunately, the investment letter was persistent enough this time, no As a result, it fell low. Recently, the index has been close to 15,000 points, and it has returned to the monthly line. Without considering the difference in the daily purchase amount, just as far as the index is concerned, in addition to the positions that the investment has bought in recent months, it has been released. Also began to enter the profit stage. Since this fall happened in the most panic period of Taiwan stocks and was in a market atmosphere of “bottom not bottom”, therefore, investing in stocks is not a comprehensive purchase. Generally, the key points of the purchase can be summarized as the following 4 points :
Mainly buy leading stocks in traditional production” Except for the plastic chemical stocks that have weakened due to the pullback of oil prices, they will not overweight, including TCC (1101), Uni-President (1216), Far East New (1402), Sinosteel (2002), etc. All stocks have clearly seen the big moves in their layout. Among them, Sinosteel has changed from overselling to overbuying. The most obvious buying action in July is that the main reason is that some leading stocks in traditional production have experienced deep declines. In addition, there is still a chance to unravel in the future. Because of the changes in the industrial environment, these leading stocks still have influence in Taiwan. Of course, the level of profit depends on various factors at home and abroad, but at least it is certain that the company will not. will therefore close down.
High-dividend defensive stocks are a must
Increase defensive stocks such as high dividend yields” Since interest rate hikes have been a trend for the past 1-2 years, coupled with inflationary pressures, high dividend yield stocks are also the direction of their layout, including telecommunications stocks Chunghwa Electric (2412) and Taiwan University (3045), etc. have seen buying.
[Forthefullcontentpleasereferto”ExtraordinaryBusinessWeekly”2022/7/29No.1312]