Institutional positions focused underestimate the value of the value of the building materials indus  According to the recent disclosure of the fund in the three quarter of 2016, the position began to significantly underestimate the value of a strong focus on the value of the building materials stocks, in which the real estate cycle of consumer goods and building materials stocks more concentrated. 2016Q3 building materials sector overall position chain increased significantly, focus on the real estate cycle after consumer goods and building materials stocks: focus positions baby rabbit, Oriental Yuhong, Asia Dekor, North building materials building materials stocks and other consumer goods, Changhai shares, up another technology; the whole building materials relative standard configuration, is still low. Stand in the present time, we two stock ideas, first of all, a continuation of the 3 quarter of ideas, ideas, from the performance in underestimate the value of leading Whitehorse, concentrated in the real estate cycle after the consumer brand building materials, and has no obvious competitive advantage of varieties, after the national pessimism reflected more fully, and stable performance uncertain, multi-year valuation is expected to switch to the recommended target: Asia Dekor BNBM, Weixing new material; secondly, two ideas: the 4 quarter to the end of the year, the government investment projects or once again become the dominant benefit, including PPP, rail and so on, recommended target: high energy environment, Fangda group, Yatai group; in addition, optimistic about the reform of state-owned enterprises have a strong performance is expected to support the integration of assets and the recommended target of Chinese stonehenge. 【Back】