Blue chip stocksIt refers to a listed company with a large share capital and market value, but not all large-disk shares can be called blue-chip stocks. Therefore, it is difficult to set a definite standard for blue-chip stocks. From the experiences of various countries, companies with large market capitalization, stable performance, leading position in the industry and considerable impact on the securities market, such as Hong Kong's changshi and Huang; IBM in the United States, the British Labor Union, and so on, can take the "blue chip stocks" reputation. Blue chip is the biggest market value.
There are a lot of blue chips in China, for example:
Industrial and Commercial Bank of China, China Petroleum, China Shenhua, deep development A (000001) Vanke a (000002) Deep technology a (000021) Deep Chiwan A (000022) Deep Energy A (000027) zhongji group (000039) ZTE (000063) hong Kong a (000069) Shenzhen Airport (000088) tclgroup (000089) Jin Rong Street (000100) Hai Hong Holdings (000402) Guangdong Electric Power A (000503) Changan Automobile (000539) new Steel Vanadium (000629) Gree Electric Appliance (000651) Tanggang (000709) Yanjing Beer (000729) Salt Lake Potash (000792) Faw car (000800) Taigang stainless (000825) China CITIC Guoan (000839) wuliangye (000858) Shuanghui Development (000895) Angang New rolling (000898) baling pipeline (000932) Shougang (000959) Xishan coal and electricity (000983) Suning electric appliance (002024)
Pudong Development Bank (600000) Ningbo Iron and Steel (600001) Baiyun Airport (600004) wugang Co., Ltd. (600005) Dongfeng Motor (600006) shouchuang Co., Ltd. (600008) Shanghai Airport (600009) Bao Gang Co., Ltd. (600010) Huaneng international (600011) huitong expressway (600012) Huaxia Bank (600015) Minsheng Bank (600016) Shanghai Stock Exchange box (600018) Baosteel (600019) Zhongyuan expressway (600020) Shanghai Electric Power (600021) development (600026) Huadian International (600027) sinopec (600028) China Southern Airlines (600029) China Citic Securities (600030) Sichuan expressway (600033) China Merchants Bank (600036) gehua cable (600037) China Unicom (600050) Minmetals Development (600058) tongrentang (600085) tsinghua Holdings (600098) (6001) 00) Shanghai Automotive (600104) Eastern Airlines (600115) Youngor (600177) Yanzhou Coal Industry (600188) Shandong aluminum (600205) guican Electric Power (600236) Guangdong-Guangdong expressway (600269) outbound Transportation Development (600270) Yantai Wanhua (600309) zhenhua Port machine (600320) guoyang xinneng (600348) g Lu expressway (600350) jiangxi copper industry (600362) ninghu expressway (600377) COSCO Shipping (600428) Sinochem International (600500) Guizhou Moutai (600519) Shenzhen high speed (600548) anyang Iron and Steel (600569) Offshore Oil Engineering (600583) Conch Cement (600585) Bright Dairy (600597) beidaihuang (600598) Tsingtao Beer (600600) Bailian (600631) sheneng (600642) Raw Water (600649) fuyao Glass (600660) Lujiazui (60 0663) Shanghai Petrochemical (600688) Qingdao Haier (600690) Tianjin Port (600717) Guodian power (600795) Ma Gang (600808) Oriental Pearl (600832) Peng Changhong (600839) neimeng Huadian (600863) yizheng chemical fiber (600871) Yangtze River Electric Power (600900) Daqin Railway (601006) Bank of China (601988) and so on.
What are the first-tier blue chips?
These include: Sinopec, China Unicom, Baosteel, Angang xinrolling, wugang, Guangdong expressway, and Minsheng Bank.
Second-line blue chips, generally speaking, the total share capital and tradable shares are smaller than the first-line blue chips, the stock price is generally higher, and institutions prefer, but because the price is higher, retail investors generally do not dare to touch, such: CIMC 000039, Shanghai Machine 6000009, Yantai Wanhua 600309, Suning Appliance 002024, and Yantian Port 000088 among other stocks. 600050 China Unicom, 600028 Sinopec, 600019 Baosteel, 601398 Industrial and Commercial Bank of China, 601988 Bank of China, 20 thousand branch. 600036 China Merchants Bank. 000060 zhongjin Lingnan 600497 Chi Hong zinc Ge 600030, Citic Securities, etc.
Blue chip stocks
Vanke 000002, Shenzhen Zhenye 000006, cnbo 000012, Zhongliang real estate 000031, zhongji group 000039, and zhongjin Lingnan (000060) 000061 of agricultural products, 000063 of ZTE, 000897 of Jinbin development, 000898 of Anshan Steel, 000900 of modern investment, 000983 of Xishan coal and electric power, 000987 of Guangzhou youyi, 000988 of huachong technology, 600000 of Pudong Development Bank, and Sinopec (600028) 600036 of China Merchants Bank, 600031 of Sany Heavy Industry, 600060 of Hisense electric appliance, and 600066 of Yutong Passenger Car
Industrial and Commercial Bank of China 601398, Bank of China (601988), China Unicom (600050), and Baosteel 600019 are among the first-line blue chips.
Second-line blue chip:
Power supply:600886 guotou power 000027 deep energy a 600642 shenneng 600900 Changjiang power 600795 Guodian power
Transportation:600026 Region Development 600317 Yingkou Port 600428 COSCO Shipping 000089 Shenzhen airport 600012 Wantong expressway 000429 Guangdong Expressway
Power Equipment:000400 Xuji electric 600312 pinggao electric
Chemical industry:600409 Sanyou Chemical Engineering 000949 Xinxiang chemical fiber 000677 Shandong Hailong 000525 redsun 000510 Golden Road group 600028 Sinopec
Machinery:000680 shantu.com 600560 Jin zitianzheng 600879 rocket 600169 Taiyuan Heavy Industry
Steel:600581 Bayi Steel
Automobile:000800 Faw car 600104 Shanghai Automobile 000625 Changan Automobile 600006 Dongfeng Motor
Medicine:600267 haizheng pharmaceutical 600594 yibai pharmaceutical 6000.55 million Eastern medical 600587 Xinhua medical
Papermaking:000488 Chenming Paper 600308 huatai Co., Ltd.
Information technology:600797 Zhejiang University Network new 000970 zhongke Sanhuan 002065 Donghua hechuang 600487 hengtong optoelectronics
Building materials:000401 Jidong cement 600801 Huaxin Cement
Water Affairs:000826 combined resources
Household appliances:Qingdao Haier 600690
Nonferrous Metals: 600547 Shandong Gold 600489 gold 600472 Baotou aluminum 000831 Guan Aluminum
Coal:601001 Datong Coal Industry 600123 lanhuake
Food:600300 Wei shares
Textiles and clothing:600177 Youngor
What are the blue chips? -First-line blue-chip stocks, second-line blue-chip stocks, outstanding blue-chip stocks, and large-board blue-chip stocks
What are the blue-chip stocks? There are many blue-chip stocks: first-line blue-chip stocks, second-line blue-chip stocks, outstanding blue-chip stocks, large-board blue-chip stocks, Chinese blue-chip stocks, and blue-chip funds.
First-line blue chips:
Level 1 and level 2 are not clearly defined, and some people think that the level 1 blue chip stocks are in the eyes of others. Generally speaking, it is recognized that the first-line blue chips refer to stocks with stable performance, large streaming stocks, and large total shares, that is, stocks with high weights. Generally speaking, the prices of such stocks are not too high, however, the masses have a good foundation.
This kind of stock can play the role of a huge amount of money,
These stocks mainly include: Changjiang Electric Power 600900, Sinopec 600028, China Unicom (600050), Baosteel 600019, wugang 6000005, Angang 000898, Guangdong expressway 000269, and Minsheng Bank 600016.
Second-line blue chips, generally speaking, the total share capital and tradable shares are smaller than the first-line blue chips, the stock price is generally higher, and institutions prefer, but because the price is higher, retail investors generally do not dare to touch, such: CIMC 000039, Shanghai Airport 6000009, Yantai Wanhua 600309, Suning Appliance 002024, and Yantian Port 000088 among other stocks.
China Unicom 600050, Sinopec 600028, Baosteel 600019, Industrial and Commercial Bank 601398, Bank of China 601988, Vanke a000002. China Merchants Bank 600036. Jin Lingnan 000060. Chi Hong zinc Ge 600497. Citic Securities 600030, etc.
Secondary blue chips:
The second-line blue chips in the-share market generally refer to the first-line blue-chip companies in terms of market value, industry position, and popularity. Such as Shanghai Automotive 600104, Wuliangye 000858, and ZTE 000063. In fact, these companies are also the leading enterprises in the industry (if they are from within the industry, they are the first-line blue chips in their respective industries ).
I. Steel Industry: reevaluate the value of performance growth
China Iron and Steel shares represented by Baosteel 600019 deserve reasonable market prices.
Given a high discount rate or risk premium, the value of major steel listings has been significantly underestimated. As the upstream and downstream of an industry chain, it is impossible to always have a "land" valuation. The price-to-earnings ratio of steel stocks up to 15 times is the international level.
Blue-chip stocks refer to ordinary stocks of companies with stable earnings records, which can regularly distribute generous dividends and are recognized as performing well.
Blue chip stocks
Ordinary shares issued by large companies with good business performance, strong economic strength, and dominant position in a certain industry. This type of stock is stable and reliable, so its price is also high. The "blue chip" is called by the highest chip in poker gambling.
Small inventory is not a blue chip
Blue-chip stocks are the cornerstone of the market and take the lead in the general direction of the market. Therefore, from the characteristics of the secondary market, the first thing is to have a large enough market value. If the market value of circulation is too small, its ups and downs cannot have enough influence on the general trend, nor reflect the basic characteristics of the general trend development.
Zhuang shares are not blue chips
Blue-chip stocks are market-oriented stocks and must meet the conditions for investors to actively participate, rather than the banker's "home-based" and "cash machine". Therefore, high liquidity and non-stock-making are also necessary.
Blue chip stocks = outstanding performance stocks
After 1996, 1997 market investors, the most chilling breed is superior performance stocks. Hubei Xinghua fell down, and the baby knife of Sichuan Changhong could not be cut down, and the share price also fell. However, a blue-chip stock may not necessarily be a blue-chip stock, but it reflects its history. blue-chip should not only review its history: the performance should not be too poor, but also be medium-and medium-level (in the following screening, limited to 0.20 yuan/unit), but also to look forward to the future. Without the steady growth of future performance, the rise of the stock price will become a tall building on the beach, and the day will collapse. Therefore, growth cannot be forgotten.
Blue chip stocks = Asset Restructuring stocks
Asset Restructuring, the company's performance is greatly improved, which is a general rule. But this growth is not another growth. The growth of blue chips reflects the profit growth produced by the company's advantageous resources on the basis of advantageous management.
After restructuring a company's assets, we have to identify it as the birth of a new economic entity. Its growth is also reflected in the establishment of new entities, rather than the conversion between the new and old entities.
Blue chip companies will not be diversified companies
A diversified company, especially a hodgedge of diversity, will inevitably make the company unable to devote all its efforts to every domain. "All-round Development equals to full mediocrity ". The blue chips reflect the development of the whole macro-economy and the basic characteristics of all walks of life. Therefore, they must have a large scale of operation and play an important role in this industry, it plays a leading role in both technology and pricing. Such a company is destined to be specialized, not diversified, at least not horizontally diversified.
Blue chip stocks do not rely on Industry Division
Some friends restricted the blue chip stocks in the sunrise industry. We do not deny that the sunrise industry is a good soil for enterprises to maintain moderate growth, and it is easy to produce blue chips. But we must see that "only sunset products, no sunset industry ".
The color and electricity industry is full of smoke, and the supply of products is oversupply. No one in the price war knows where the base price of the color TV is. It should be listed as the sunset industry. However, the digital TV set has not been moved yet. The PDP wall-mounted TV set is so expensive that it cannot be moved to the house. From this perspective, can you say that the color and electronics industry is a sunset industry?
Obviously, the motive force behind the steady growth of enterprises is not the industry, but the innovation ability of technology, unique management system and brand appeal.
There are already more than 1000 listed companies in China's securities market. Based on the market price in October 18, we selected listed companies with a market value of more than 2 billion yuan as samples, and then screened according to the above conditions, excluding the individual stocks that have increased by more than 50% this year, some varieties are obtained. (See the table below)
StockCodeStock name stock code stock name
0002 Shenzhen Vanke a 600690 Qingdao Haier
0527 Guangdong-us-a 600104 Shanghai Automobile
0800 Faw car 600649
0729 Yanjing Beer 600068 Gezhouba
0709 Tanggang shares 600741 bus shares
Shanghai Airport 600009
■ Investors: there are still doubts about investing in blue chips
Since the adjustment of the dashboard, there has been a lot of calls for investment in blue-chip stocks. However, from the market reaction, there is no dynamic movement except for individual varieties. It can be seen that investors have many doubts.
Doubt 1: But how can you hold on to the bank?
One week after the National Day, the dashboard was once active, and the stock market jumped frequently. You sang about my debut, but the blue chip of the dashboard was rarely dynamic, so the method of chasing up and down seems useful. But it is difficult for our investors to make money: Who knows whether a real breakthrough or a false breakthrough is a second start of a high-tech stock market? From Public Information Disclosure, how can we see which st is a true reorganization and which is a false reorganization? When everything is clear, neither high quilt covers nor there is actually no "oil and water.
In this case, you may want to wait. If you choose a blue chip that has not increased much and has a good texture and growth, you will face the price comparison relationship. I am afraid the security factor is also justified. As for the time, if we do not make any money this year, we still expect that the remaining two months will be really difficult. The so-called opportunity cost will be enough.
Doubt 2
It is a fact that blue-chip stocks have a relatively large plate and die in stocks. This also reflects the superiority of price comparison. Seeing that open-ended Funds are coming soon, the size of plates is not important at the beginning (and there are also many cases of astonishing growth in large-disk stocks this year), and stocks are expected to be activated. First use a portion of the funds to sit in the sedan chair and buy at a low price. It is also the best strategy to wait for large funds to carry the sedan chair. Of course, the growth of blue chip stocks is limited, and it is unrealistic to expect to double in the short and mid-term. However, if you believe that the trend is always good for a long time, you may be able to spend 30% yuan in half a year, earn money, and have to recuperate and work with peace of mind. Isn't it fun? Moreover, 30% is "ten years and 20 times ".
Doubt 3: When the dashboard falls, the blue chip still cannot keep it.
The dashboard can be optimistic for a long time. I am afraid few people disagree with it. The primary concern is the medium and short term. Therefore, the investment in blue chip stocks should also choose a variety, at least the annual increase cannot be too large, it is best to be within 50%. In this way, even if it falls, the space will not be too large. It is better to have a big success.
■ Tip: Investment buying and speculative selling
There is a big difference between China's blue chips and foreign companies, mainly in two aspects: first, the growth of the continued performance is short, except for a few varieties, generally not 5 years; second, the dividend distribution rate is too low.
The short maintenance period may be closely related to the insufficient cultivation of the core competitiveness of Chinese listed companies. This is also the biggest reason for investors' lack of confidence in blue chip stocks. Therefore, some adjustments should be made from the perspective of secondary market investment. First, the holding time should not be too long. If it has been repeatedly hyped, you must be careful. Second, you must follow up on the fundamentals for a long time. If there is any bad sign, you can combine the market reaction to settle it.
The problem of low dividend distribution rate has recently changed. According to last year's annual report, a large proportion of the companies that sent shares declined, and the adoption of the shares began to rise. For example, Shen Wanke, since 1994, the annual share sending ratio is generally between 0.1-0.15, and 0.1-0.15 yuan in cash, taking into account the demand for share capital expansion and cash dividends.
In addition to special investment needs, the dividend distribution rate of large foreign listed companies generally exceeds 50%. In this way, the company's shares with a price-to-earnings ratio of about 10 times can only earn 5% yuan in annual dividends, which should be ideal. However, for a public company that holds a good position in China, the dividend income is generally less than 1%, so the profit is more from the price gap. The word "fried" sums up everything.
In light of the hype that often leads the Chinese market, the investment strategy for blue chip stocks should be more investment-oriented to buy and speculative selling, that is: purchase options: when the transaction volume is sparse and the volume is reduced to a lower price, when the transaction volume is sharply enlarged and the volume is surging, it can be said that "people abandon me, people want me to abandon ", therefore, when referring to the table above, we should also consider the different performance of the secondary market in order to shorten the shareholding cycle on the basis of security.