China securities investment analysis of economic institute

Since this year, grail continuous run win in pannikin, style conversion requirement highlights, gradually in pannikin high valuations reignite investors worried. This enhanced face-to-face invites people's university of China securities investment analysis of economic institute GaoYong and director senior training first "folk masters champion stock to the current high valuations way ray of in pannikin investment strategy is further discussed.

The bulk lots stock valuations repair can walk far

Host: since this year in the situation of rising grail, small and medium plate and gem often inverse city fell. Two teachers how look upon this strange phenomenon?

Lk ray: 2010 get good rankings, mostly the icbc fund with midfielder hold pannikin primarily. Small and medium-sized capitalization stocks were serious fry high, that comes without outside capital, certainly will someone beginning active reduce held in pannikin, and concern the grail blue chip low valuations, thus presents a swap.

Host: someone said, since this year grail continuous run win in pannikin based primarily on valuations repair. Lk teacher looked at how this problem, whether have the deeper reason?

Lk ray: valuations repair itself is definitively if, pannikin fry high, repair the bulk lots stock valuations would happen. But there's no way, valuations repair, just short of long-term phenomenon.

Host: now low valuations plate fry very hot, what do you see?

Lk ray: I personally feel now policy face, financing area and the fundamentals don't support low-cost chip varieties. Stock performance, shares of upward growth can continue to rise, but when performance growth is reduced, the stock rose might not.

GaoYong: now A shares the flow of funds into field outside the phenomenon not appeared. On the field, the DaoTeng funds in pannikin valuations have too much and now in a relative market equities, so grail has certain low valuations of repair requirements.

Host: did you will prefer grail short-term movements?

GaoYong: you can say that, I think the bank shares and steel stocks may be in technical stage the bottom. Of course, policy and fundamental might not support they go far, but the current I think opportunities in blue chip.

Host: road teacher, you think that the current economic and policy situation will you support grail go higher?

Lk ray: July 2007 to October of 2008 industry output growth down to 8.2%, from 18% to 8.7% from 5.6% CPI index, then fell back to 4% during the fall, the stock market as 61 percent. From last may to now, value added of industry growth slipped from 16.5 percent at 14.8% by now. Value added of industry now is actually declining, CPI is since last may to 5% of 3.1% uplink. From the historical experience judgment, if value added of industry continue to grow faster down, stock market may not ideal.

Host: high teacher looked at how indication of market operation?

GaoYong: a-share index may interval concussion, now grail is relatively safe, in pannikin valuations. Whatever the market up or down, I think the bulk lots stock performance will be better than in pannikin. Of course, among the small dish stock fell to a reasonable position, also can have investment and speculative opportunities.

In pannikin "very" investment strategy

Host: somebody thinks, either from the horizontal or vertical comparative perspective, in pannikin,mbt online store current valuations were small and medium plate and high investment value whether there is gem stocks?

Lk ray: somebody has made a statistics, since 1925 to 2003, according to the long cycle $1, if buy index increased index can be big capitalization, small market value index 2,200 times 10,000 times for growth. Therefore, judging from the long cycle, small stocks than big stocks. Transverse comparison of words, small and medium-sized board TTM valuation is 42 times for 56 times, gem, Shanghai 50 for 12 times for 16 times the Shanghai and shenzhen 300. Therefore, in the small capitalization stocks overall valuations higher position, in choosing the subject matter of, still have to specific shares concrete analysis.

Host: netizens to mention annals of differentiation, performance would prompt in pannikin share price differentiation?

Lk ray: performance differentiation make shares differentiation is definitely. In choosing mark,MBT Salama, should long-term tracking. Really make investments, like its operating this enterprise the same. Now the general atmosphere is bad, even performance gem stocks may very well, hold influenced buy an opportunity is particularly important.

Host: road teacher said looking for long-term returns of stock, high teacher any Suggestions?

GaoYong: gem and small and medium-sized board stock performance differentiation is inevitable.MBT Fumba. Some enterprise is a flash in the pan, some enterprise will grow to be great trees. This requires that we seek to grow for the enterprise, towering trees and patience to wait for opportunities

guns border area public security

Xinhuanet Beijing on February 10 report (reporter GaiJinDong) the national public security border forces centering on our border region guns drug-related crimes, and further enhance the situation and characteristics DuYuan intercepting work, enhance anti-smuggling and a clampdown, effectively hit the coastal areas of drug border guns illegal crime activity, maintain the normal order of the border and social stability.

Reporters from the ministry of public security, national learns border protection border forces 2010 cracked drug offenses 2153 up, captured the criminal suspect 28.83 person, captured 3828.75 kilograms of drugs, including heroin 841.09 kilograms, methamphetamine 768.25 kilograms, opium 311.53 kilograms, captured precursor chemicals enrolled tons. Altogether seized and seized all kinds of guns and bullets 5.3 million 2023 teams more hair.

To understand that by 2010, the national public security border forces against our border coastal areas drug crime-victim activity the grim situation, in southwest and northwest, northeastern border and coastal for key developing DuYuan intercepting work, closely border anti-smuggling network. Yunnan, xinjiang, liaoning, jilin frontier defense corps, in ZhiQinDian established 236 cocaine-trafficking important channels, drug traffickers around shut avoid card key sections and areas and intensify the border line search and block. Each border check-posts fully exert drug apparatus etc equipment function, to passengers accompanying items and bodywork strengthening inspection. Guangxi, yunnan border police checkpoints land border to enter the border zone, personnel and vehicles to implement two-way check 24 hours and further optimize the "first plugging, surface control, second-line intercepting" of "three passes" seizing network. Public security border forces persisted by "dozen gang, demolished network, catch a drug" as the goal, flexible use of a variety of reconnaissance means, police were composed keen-witted and capable and cracked a crime-solving storming fortifications and great case. During the year, the public security border forces cracked million grams above major drug-related cases 51 on, captured 2322 kilograms, captured drug number of troops captured all the drug 60% of the drug.

For more powerfully hit drug trafficking, border forces according to actual condition, concentrate superior forces, timely conduct special action. 2010 July 19, yunnan border corps deployment for 75 days 2010 "border hunting" sniffer special action, ZhaPo drug seizures 286 up, captured the criminal suspect 463 name, captured of drugs 427.99 kilograms. The Asian security during the frontier, guangdong, guangxi and hainan corps of guangdong frontier defense corps ring out more than 90 million person-time, police seized guns 78 supported, imitation guns 151111 teams, the bullet direct hair, shells 80 pieces, grenades 81 medal. 2010 July to dec, jilin frontier defense corps to crack down on drug crimes GongJianZhan, cracked drug offenses 21 up, captured the criminal suspect and captured 9.09 kilograms, crystal meth knocks cocaine-trafficking gangs 6, 7 of drug trafficking in public.

At all levels in accordance with the ministry of public security border forces also joined battle, overall "dozen battle" requirement, strengthen regional and bilateral policing cooperation, forming fight drugs together. Across provinces of major cases, by the ministry of JinDuJu composition command coordinating with border protection, implementing unified deployment command; In public security frontier internal, further perfect "seven provinces drug investigation of cases cooperation mechanism" "northeast five provinces fight drugs cooperation mechanism" "yunnan guangdong fight drugs joint conference mechanism", strengthen regional cooperation, Fujian, guangdong, guangxi, yunnan, frontier defense corps to reinforce and Hong Kong, Macao and other regions and Vietnam, myanmar, Laos frontier departments of communication and coordination, bulletin border region DuQing situations, study joint drug-fighting measures, and the investigation and evidence collection, catch, repatriation etc closely cooperate with the criminal suspect to combat cross-boundary drug-related crimes. Last year, yunnan border corps with neighboring countries approved the department in charge of 4 times border anti-drug law enforcement cooperation, caught the criminal suspect 12 people, captured 16.945 kilograms of drugs, captured more than 50 million yuan. DuZi