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未来价值投资的热点板块应当以大市值、低市净率和低市盈率等为主要特征,热点行业应当以电信服务、航空运输、石化塑料、公共服务等为主……本文以南方价值评估模型所确立的价值投资理念,用实证分析的方法,研究价值投资与今年的市场特征,以及与基金投资之间的关系,指出:今年以来的市场热点符合价值投资理念,但4～5月间的行情有反映过度之嫌;基金投资,特别是基金重仓持有的板块符合价值投资理念,今年一季度基金重点增仓的板块投资价值凸现;未来价值投资的热点板块应当以大市值、低市净率和低市盈率等为主要特征,热点行业应当以电信服务、航空运输、石化塑料、公共服务等为主。
The hot plate of the future value investment should be the major characteristics of the market value, low market price and low price-earnings ratio, hot industry should be based on telecommunications services, air transport, petrochemical plastics, public services, etc. Based on the South value assessment model Established the value of investment philosophy, empirical analysis of the value of investment and market characteristics of this year, as well as the relationship between the fund investment, pointed out: Since this year’s market focus in line with the concept of value investment, but the market between April and May There is a reflection of excessive suspicion; fund investment, especially funds Shigekura holdings of the plate in line with the concept of investment in value, the focus of the Fund in the first quarter of this year highlights the investment value of plate Masukura; future value of investment in the hot plate should be large market capitalization, low book value And low price-earnings ratio as the main features of hot industries should be telecommunications services, air transport, petrochemical plastics, public services and other mainly.