Investment research creates value, risk control highlights brand

Deep investment research, strict control of risk, looking for investment opportunities

Home > Focus > Market Insights

April 2023 Market Insights

2023-05-10

In April, the market continued the situation of strong expectations and weak reality in February and March. Despite the impressive performance of March's social zero data and financial data, various high-frequency data since April still show weak overall demand. Real estate sales have shown a significant decline compared to February and March, and the infrastructure industry chain is also not optimistic, driving the downward trend of the commodity futures market. In such an environment, the market as a whole is in a state of volatility, and there is no obvious main line. On the other hand, there is intense hype on topics such as AI, high interest rates, and medium to high valuation. We still adhere to the judgment at the beginning of the year, which is that this year is a good time for bottom-up investment, because the impact of policies on the macro economy will be the smallest in recent years; Enterprises themselves also have strong motivation to quickly recover from the epidemic and even further seize market opportunities.

The information provided to us in this year's annual and first quarter reports is still relatively limited due to the significant impact of the epidemic. However, in some pro cyclical sectors, we have identified some highly resilient companies. Although these companies are private in nature and are not currently in the market, we still pay high attention and look forward to new additions in the second half of the year.

< Previous

March 2023 Market Insights

Next >

May 2023 Market Insights

This report is produced and published by Shanghai Yaozhi Asset Management Co.LLP ("Yaozhi"). It is based on public information or data obtained through field research that Yaozhi and Yaozhi researchers believe to be credible, but does not guarantee the authenticity, accuracy and completeness of the information. The opinions and statements in this report only reflect the analysis and judgment of Yaozhi or Yaozhi researchers during the writing and publication of this material, and do not constitute any direct or indirect guarantee, commitment, express or implied to the customer's capital gains and losses or income returns. All assets, prices, strategies, market events, etc. mentioned in this material, as well as income from investment, may fluctuate, and past performance cannot be used as an indication and guarantee of future performance. At any time, Yaozhi and Yaozhi researchers may issue other materials that are inconsistent with the views, opinions, assessments and predictions contained in this material.

The information, opinions, conjectures or opinions contained in this report are only for the customer's reference and are not used as any investment suggestions or judgments. This material cannot be regarded as an invitation to sell or purchase securities or other investment objects. In any case, the information in this report or the opinions and opinions expressed in this report do not constitute investment suggestions to any institution or individual, nor do they have any relevance to any customer's specific investment entrustment, financial status and other factors. There are risks in the market and investment needs to be cautious. The customer must carefully consider any information, opinions, opinions and speculation in this report and make corresponding reference according to its own specific situation. If necessary, it should seek the professional opinions of qualified, licensed and regulatory recognized institutions or individuals.

Yaozhi's sales staff and other Yaozhi professionals may, based on different assumptions and standards, use different analytical methods to publish market comments or opinions in oral or written form that are inconsistent with this report. The market comments and opinions expressed by Yaozhi's salesmen or other Yaozhi professionals are only for customers' reference and are not used as any investment suggestions or judgments; Moreover, Yaozhi has no obligation to update the comments or opinions of Yaozhi's salesmen or other Yaozhi professionals to the recipients of this report.

The copyright of this report belongs to "Shanghai Yaozhi Private Equity Fund Management Center (Limited Partnership)". Without the written authorization of the company, no institution or individual may quote, copy or disseminate this report. To quote the contents of this report, please contact (email address service@yzamc.com ）Request authorization. If the report is quoted and published with the consent of the Company, it shall be used within the permitted scope, and the source shall be indicated as "Shanghai Yaozhi Asset Management Co.LLP Research", and no quotation, deletion or modification contrary to the original intention shall be made to this report.