A share of foreign capital to sing more domestic institutions that train of thought is not affected

Recently appeared on the market some foreign institutions "sings" A unit of sound, in domestic policies still tight situation sings, foreign capital may mean that in the recent sharp decline in oil prices, A unit of the relative advantages of the valuation has appeared, and domestic institutions on foreign capital sings did not follow the trend of Chase, the current situation continues to remain cautious.

Or adjust the with oil prices

(Http://) a number of studies have indicated that foreign investment in this time of singing, possibly with a correction in the international oil prices. Guotai Junan securities analyst Zhai Pam believes that a correction in the international oil prices, or reduced to the level of $ 110; in external stock warm background, A stock market or as a relative "depression", this was perhaps the recent foreign investment so optimistic about it.

Joint securities analyst Dai Shuang, foreign institutions for global configuration needs, in the Asian market choice both growth and relative valuation advantage A unit is not surprising. However many foreign this look that A unit solely on the basis of a valuation data on far-fetched, they may be more of a judgement based on trends.

There is also a brokerage analysts pointed out that, even if there are still adjusting market trading opportunities, this market has always been there to see more, someone look empty, there is also foreign look more normal voice market.

No impact on existing ideas

The vast majority of analysts have said that through this to see more foreign investment, does not affect their judgement on the market today.

Sinolink securities analyst xuwei believes that this is only partly foreign-owned high-profile indicates that on A stock market, there is a lot of foreign investments consistent look more stock market. The main investors in China have their own independent judgment, will not easily as part of the foreign capital "sings" and follow the trend of Chase.

In fact, most brokerage institutions remains on the current market to maintain a cautious view. Nanjing securities analyst Zhou Xu of the view that, since the first two years of high growth generates an inertia effect, so the first half of the profit growth rate of decline in speed and not substantive, worst may be yet to come.

In this respect, the domestic xuwei said on the earnings growth is expected to remain cautious, this is the current impact of A stock market. This view in many brokerage analyst agreement reached height.

Zhonghua Changjiang securities analysts believe that the second half of the monetary policy is likely to continue to maintain tight, although further tightening of the space currently is not large, but the possibility of relaxing is very small. If the end of this year's fourth quarter or, PPI data appears see top down, perhaps it could become a real medium-term rally began.

There is also a broker on the present market optimism in 3000 points will start to see more of the following. F. security analysis shili xianming believes that taking into account the growth of the Chinese market as well as the opportunity cost of A unit than the so-called mature market premium of 30%-50% is acceptable. From the first half of the economic data, profitability, as well as the whole Shanghai for over a decade of valuation levels, current market valuations are reasonable. China Merchants securities analyst Zhao Xing also believes that the 3000 points below are strategic barn area. However the above two analysts have said that they had previously market's judgement, are not affected by the effects of foreign body perspective.

"Low value" on being questioned

Some foreign-funded the "sings" A shares, stock market based on their experience sustained adjusted already have considerable advantages of judgement on valuation. However, the researchers said that foreign capital on A unit of "low value" with some overly optimistic, the portion of the view that the current H equities relative to lower. However, because of the various securities dealers on 2008 CSI 300, A unit of stock earnings forecast has some differences, a stock market is a dynamic earnings level of "reasonable location" also have some differences.

"This may be because their respective accounting valuation method. "One of the analysts noted that foreign investment estimation of A level seems a little" Equities too low ". In addition, taking into account possible future earnings growth will decline, its valuation level of support is also difficult to the following conclusion.