The three indexes of A-shares are mixed: the real estate sector rose sharply, and the net purchase of funds from the north exceeded 7 billion yuan.

The three A-share indexes closed mixed today, with the Shanghai Composite Index up 0.4%, the Shenzhen Composite Index down 0.48% and the Growth Enterprise Market Index down 1. 12%. The market turnover is sluggish, less than 750 billion today. The industry sector rose less and fell more, the real estate sector rose sharply, the insurance, banking and coal sectors were among the top gainers, and the new energy sectors such as batteries, photovoltaics and wind power led the decline. Northbound funds bought more than 7 billion today.

On the theme strategy of the eight major brokers in the city: the current real estate sector still belongs to the starting point of valuation repair, and real estate stocks should be optimistic!

Daily theme strategy discussion, the network summarizes the views of the eight major brokers, reveals the current situation of the industry, observes the market trend, and takes the pulse of A shares for you in advance.

Guosen Securities: The recovery of fundamentals brings a dilemma. Real estate stocks should be optimistic!

With the improvement of income confidence and the easing of unfinished concerns, the improvement of fundamentals is worth looking forward to. With the continuous landing of heavy policies and the reversal of difficulties brought about by the recovery of fundamentals, real estate stocks should be optimistic. Optimistic about three main lines in 2023: 1. Time-tested high-quality housing enterprises recommend Poly Development, China Merchants Shekou, Vanke A, Longhu Group, Jindi, Greentown China, Xincheng Holdings and Country Garden; 2. Close to the "landing" dilemma and anti-transformation target, Xuhui Holding Group and Xuhui Yongsheng are recommended to serve; 3. For the real estate sector dragged down by real estate, it is recommended to attract scratch music, Wanwuyun, Poly Real Estate and Country Garden services.

Haitong Securities: The warm wind blows frequently at the real estate financing end, and the real estate industry is expected to improve marginally.

We believe that the real estate industry is expected to improve marginally under the premise of "housing and not speculating", and the real estate financing side is frequently blown. Under the guidance of the framework of "guaranteed delivery", the completion party is expected to take the lead in warming up, and eventually the improvement of real estate will boost the prosperity of the entire consumer building materials industry chain. It is suggested to pay attention to Sanshu, a paint listed company; Mona Lisa and Dong Peng Holdings, a ceramic tile listed company; Kenlang Hardware, a board listed company; Bunny, a gypsum board listed company; and Beixin.

Cinda Securities: The real estate sector is still a good choice, with certainty and flexibility.

Standing at the moment, the annual allocation value of the real estate chain is still high. We believe that there is no need to be overly pessimistic about fundamental data. We believe that as long as the rate of house price decline is controllable, with the development of the combination policy at both ends of supply and demand, there will be a phased regression in the future 1 year. Before the sales data stabilizes, the real estate sector is still a good choice with certainty and flexibility. After the sales data stabilizes, in addition to the real estate sector, we can start to pay attention to some flexible investment chains and sales chains, such as cement, glass fiber and decorative building materials. If the bail-out of housing enterprises continues to advance and the financing environment improves, we can expect the improvement of the credit environment to be transmitted to the investment recovery. You can focus on the sales chain, such as the performance of decoration building materials and white goods.

China post securities: optimistic about the sustainable allocation of the real estate market, focusing on three ideas

Policy combination boxing continues to exert its strength, optimistic about the sustainability of the real estate sector, and the allocation focuses on three ideas: high-quality private enterprise credit repair, industry bottoming out, and regional pattern optimization. At present, the focus of the market and the key point of the subsequent performance of real estate stocks is whether the sales can stabilize. We believe that the current policy has formed a combination boxing, and sales are at the bottom stage. The property market is gradually recovering under the combination of policies, but the recovery process may be slow and full of fluctuations. On the target, it is suggested to pay attention to three ideas: 1) the idea of credit repair for high-quality private enterprises (including mixed-ownership housing enterprises), and it is suggested to pay attention to Xincheng Holdings and Jindi; 2) Real estate enterprises such as Tiandiyuan, Binjiang Group and Fahua Co., Ltd. benefit from the clear supply and stable demand of the regional property market, which is expected to achieve contrarian development; 3) The beta market brought by the bottoming out of the industry is good for leading housing enterprises such as Poly Development and Merchants Shekou.

Guo Jin Securities: In the short term, some private housing enterprises may have marginal improvement in cash flow with financial support.

In the short term, some private housing enterprises may have marginal improvement in cash flow with financial support, while in the medium and long term, the development of central enterprises will receive more support, and with the blessing of high-quality land reserve and continuous land acquisition ability, they will enjoy the benefits brought by easing policies. First, we will promote the improved housing enterprises that mainly lay out the core sectors of key cities, such as Jianfa International Group, Greentown China and Binjiang Group. Carefully choose central enterprises with safe cash flow and certain land acquisition intensity, such as China Overseas Development and China Merchants Shekou.

GF Securities: At present, the real estate sector still belongs to the starting point of valuation repair. It is recommended to pay attention to investment opportunities in the sector.

Recently, the strength and frequency of the property market policy have also been significantly improved compared with before, which is helpful to solve the industry problems, stabilize the industry trend and promote the recovery of the overall confidence of the industry. At present, the real estate sector still belongs to the starting point of valuation restoration, and the change of policy intention is conducive to the overall value restoration of the sector. It is recommended to pay attention to the investment opportunities of the sector.

Cai Xiang Securities: It is recommended to pay attention to leading real estate enterprises with strong land acquisition and investment ability and low credit risk.

In terms of policy, since the end of September, the support policies for both supply and demand have been accelerated, especially since June 5438+0 1, which is conducive to promoting the completion of the "guaranteed floor". However, the current sales are still weak, which restricts the willingness of housing enterprises to take land and start construction, and investment will continue to be under pressure. We believe that the introduction of the policy has a great effect on boosting market confidence, and the valuation repair is expected to continue, but the implementation effect still needs time to observe. It is suggested to pay attention to leading real estate enterprises with strong land acquisition investment ability and low credit risk, and maintain the industry's "overweight" rating.

Minsheng Securities: Thanks to the recent intensive introduction of policies to promote the development of real estate, the business sustainability expectations of property companies have improved.

Benefiting from the recent intensive introduction of real estate development promotion policies, the market's expectation for the sustainable development of property companies has improved, and the understanding of the independence of property companies has continued to strengthen, and the valuation of the property management industry is expected to further improve. Maintain the "recommended" rating of the property management industry. At the company level, it is suggested to pay attention to two main investment lines: high flexibility and high growth: 1) high flexibility targets: powerful material enterprises with great differences on the sustainability of the company's operation, low PB and benefiting from more recent policies-Xuhui Yongsheng Service, Country Garden Service and Xincheng Yue Service; 2) High growth targets: high-quality materials enterprises with strong business certainty, stable parent company operation and high income growth-Binjiang Service and New Hope Service. The above-mentioned companies have long considered the growth and penetration of characteristic value-added services, and in the short term they still focus on value revaluation.