• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
 
 
Industry Report Excerpt
February 2, 2009
1. As all funds have issued their Q4 2008 reports, we hereby make an analysis on funds holding change ofheavyweights in agricultural shares between Q3 and Q4 2008.2. The industry maintains low allocation, yet its proportion ascends. In accordance with categories by CRSC,total equity of funds holding in agricultural industries accounts for 0.66% of the whole market value (thecirculation market value of agricultural industry makes up 1.29% of the whole A-share market); the industrycontinues low allocation at 0.64%. Funds hold agricultural stocks of 69.99mn shares, 12.34% more than thatof Q3 2008; funds hold heavyweights in agricultural shares of Rmb704mn, up by 13.63% than that of theprevious quarter.3. Upstream companies or those with low valuation call attentions to funds heavyweights. We draw twothoughts from detailed analysis on agricultural heavyweights in Q4 2008: 1) To follow favorable policies, andallocate upstream companies with explicit theme investment; 2) Quality companies with advantageousvaluation like Shandong Homey Aquatic Development (600467), Beijing Shunxin Agriculture (000860) andDalian Tianbao Green Foods (002220).4. It is suggested that investors adopt standard layout in agriculture in Q1 2009. Viewed from heavy fundsallocation in Q4 2008 and periodic hikes of agricultural shares, we hold that Q1 2009 is still good timing for
“theme investment” in agriculture sector. We advise investors focus on
listed companies benefiting fromrelated policies and price hikes of agricultural products.
 
By TX Agriculture Group 
Analysis on Funds Holding Change ofAgricultural Shares in Q4 2008
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...