In software industry, the amount of the profit growth is limited

The prediction of the performance of the software plate provides the imagination space for the Chinese newspaper market. Performance exceeding expected growth of the stock will be more vulnerable to the main funds and new funds of the favor and have a good performance opportunities contributing writer Wu Yongyi although the "nuclear Shishou" won the list of successful enterprises still "hold the half Mask", not published,　　So that the entire software sector has lost the important cause of speculation, but last week, the software sector to borrow in the upcoming Chinese newspaper market again. Last week, the software sector won the market 7 last week. 6-7. 10 Large market high correction, when the market began to fear the "three-quarter adjustment" prediction will be in advance, the second half of the week, the company reported that most of the performance of the software plate to change the previous two or three weeks of weakness, a sudden rise, the average gain far outperform the Shanghai Composite Index (0.　　8%), seems to be coming out of a "V" type reversal. Although the early stage was a wave, investors to the two-tier market in the software sector to maintain a cautious attitude, but last week the entire software plate oscillation in the trend upward, which Hang Seng electronics, Wave software, the southern days of information, aerospace information, China Software, Neusoft, Bao letter software, Ufida, Huasheng Tiancheng, seamounts software rose 6 respectively. 1%, 0. 9%, 4. 6%, 1. 2%, 1. 6%, 4. 1%, 3. 8%, 6. 7%, 5. 3%, 4.　　1%, the overall rise is stronger than the market.　　Securities analysts believe that the early stage of the software sector by subject-matter stocks, concept stocks, but in the face of the upcoming market, this period to nuggets software sector, must avoid the decline in performance of the plate or company, on the report of a large increase in the "express".　　And with the listed companies in the 2009-year disclosure of the increasingly close, the first half of the expected performance is still good software sector can provide investors with the opportunity to hype again. In the newspaper, "Shishou", "nuclear" is concerned according to the "investor" statistics, as of June 30, 628 of listed companies to release performance forecasts, the pre-XI less than 40%, which is expected to increase the maximum growth of more than 50% of the company is only 10%.　　Even so, there are still some sectors of the first signs of recovery, including the financial and information services sector two sectors of the improvement in performance signs, and the current high security margin, the possibility of a relatively large outbreak of the market. It is reported that the information equipment, information services, pharmaceutical biology, agriculture, forestry and animal husbandry and fisheries and the financial industry published performance forecasts of companies, half or more companies in advance, accounting for 64. 71%, 60%, 57. 　　69%, 50% and 50%. In addition, financial services, information services, building materials, chemicals and machinery and equipment industries are also expected to increase the medium-term net profit, while the computer information services industry growth of 19.　　94%.　　From the point of view, a total of 18 industries are expected to two quarterly net profit growth, of which the information services sector increased by more than 100% per cent. Haitong Securities also analyzed that 09 listed companies reported performance growth in the top 5, is expected to exceed market expectations of the industry is the power, software and services, medicine, technical hardware andEquipment, construction. Why does the software section quote "Pre-HI"? In the context of the macroeconomic recovery and the gradual emergence of the policy effect of expanding domestic demand, coupled with the introduction of the "electronic Information industry adjustment and revitalization plan", as well as some listed companies benefiting from 3G, computer software and services have appeared to have warmed up.　　Therefore, in the context of information, software industry is expected to be continued, enhanced. Industry insiders believe that the "nuclear Shishou" has not been fully released, the software sector may still be adjusted after the "nuclear Shishou" concept of the LED and in the policy of the tilt under the start again.　　Therefore, the policy surface news, still a large degree of the second half of the software sector to move. Wanguo expects that the software industry will continue to grow at the end of 2009 and 2010 years, and that the valuation advantage is emerging and that the 2010 dynamic P/E ratio is expected to be lower than the market as a whole. At the same time, as the second half of the policy will continue to increase support for the software industry development will have far-reaching impact.　　These factors will encourage the software industry to become "both offensive and defensive" of the preferred plate. In the second half of the investment opportunities, the domestic IT expenditure still maintain a certain growth rate, software enterprise profitability is further enhanced, and software enterprise revenue is four quarter, but in the three quarter is expected to respond in advance in the company's share price.　　It may be a good choice for youyongyoumou investors to "lurk" early and start a nuggets operation in the coming season.　　And facing the 3,100 point "perilous peak", from the sound investment, still optimistic about a broad customer base, profitability, stable, with the integration of the ability to purchase and stock prices recently rose stable leading enterprises, such as Ufida, Neusoft Group, aerospace information and so on.　　The plate premium is too high, pay attention to investment risk software Plate report performance forecasts for the Chinese market has undoubtedly provided the imagination, the performance of more than expected growth of the unit will be more vulnerable to the main funds and new capital of favor and have good performance opportunities. However, the national investment UBS chief strategy analyst bluntly, even if the performance of the plate, it will not necessarily bring good investment opportunities, not foolproof, affecting the market is mainly liquidity, psychological expectations and the main, hot money whether "mind."　　At present, the market is in a stage high, and the lower level has been close to 80%, and most software stock early gains have been very large, p/E has reached a certain height, the possibility of obtaining excess yield is small, but also to the market has brought great uncertainty. Wind statistics show that the overall revenue growth of the 33 companies in the software and services sector is good, but the impact of the financial crisis has not been ideal. According to the traditional characteristics of profit quarterly distribution, the software industry 2009-year profit growth is difficult to exceed 20%. At present the entire software sector premium reached 65%, and the historical average is about 50%, the valuation level has been high. If the number-one concept stocks China software, wave Software may have been overdrawn ahead of the future Yinianbanzai share price rise space, investors should be cautious to participate. Therefore, securities analysts temporarily give the software industry short-term neutral, long-term-a rating.