Analysts expect a-shares to rise at least 20% in the next 6―12 months

China Merchants Securities Medium-term Strategy report is held in Beijing 11th. Analysts expect a shares to rise at least 20% in the next 6―12 months. Most time in the second half of 2009, the A-share market will continue to be in the process of ample liquidity and economic recovery expectations.　　Industry configuration, China Merchants Securities believe that the focus of the second half of the investment focus can be in the upper reaches of the same time, ambush midstream raw materials industry. China Merchants Securities stressed that the second half of the industry to configure the idea should be based on corporate earnings recovery and industry profit growth comparison. Investment focus in the second half of the focus can be in the upper reaches of the same time, ambush midstream raw materials industry.　　Specifically, it is recommended to exceed the real estate, finance, coal, non-ferrous metals, steel, chemical, paper and other industries, while focusing on the concept of asset replacement stocks. China Merchants Securities Real estate industry analyst Jiazu that the global real estate overall will be bottomed out in 2010, the country has been the first to see the bottom of the recovery, a new round of real estate cycle has come, the next few years, the overall price will rise steadily. Overall bullish on the first-tier cities, that Beijing and Shanghai more potential.　　Optimistic about two types of real estate companies: Leading companies in the next 2, 3 years faster growth of companies, such as investment real estate and Gold Group, there is a clear large-scale quality real estate projects injected companies. China Merchants Securities Machinery industry analyst Liurong that if the second half of private investment or export start-up, the machinery industry may exceed the expected sustained rebound.　　However, the performance of various industries will be different, the government investment-driven railway equipment industry will be difficult to win the market, but benefited from the rebound in real estate investment, construction machinery industry will be relatively optimistic, focusing on the recommendation of 31 heavy industry, Xugong technology, LiuGong and Zoomlion. In the field of food and beverage industry, China Merchants Securities analyst Zhu Weihua pointed out that because of "investment first, after consumption", the real economy in the consumer situation constantly turn good, the food and beverage industry valuation relative advantages, the benefit of inflation expectations, liquor, wine, rice wine and other high-end goods sales will continue to good, optimistic about Guizhou Maotai, Changyu, Luzhou old cellar.