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since september 18th, the a-share market has been performing extremely bullishly. taking the shanghai stock exchange index as an example, the lowest point on september 18 was 2689.90 points, and the closing price on september 30 was 3336.50 points. the closing price on september 30 increased by 24.04% from the lowest price on september 18.

after a sharp rise, from a technical perspective, the index and most individual stocks have signs of over-rising, so there may be certain risks in "chasing higher" in the short term.

so, are there still some stocks with relatively strong fundamentals and stagnant stock prices?

flush ifind shows that from september 18 to september 30, after excluding the st sector, there were 803 stocks whose closing price on september 30 increased less than 24.04% from the lowest price on september 18. these 803 stocks can be called stagflation stocks.

among these stagnant stocks, which stocks are worthy of attention? we first eliminate stocks with negative p/e ratios, p/e ratios (ttm) greater than 20 times, p/b ratios less than 0, and p/b ratios greater than 1 times, and then analyze them based on market value, performance and other data.

large market capitalization stagnant stocks are concentrated in the banking sector

▲data source: flush ifind, compiled by reporters

the overall performance of banking stocks this year has been very strong, and the stock prices of many individual stocks have continued to reach new highs. starting from the end of august, high-dividend assets represented by bank stocks began to adjust. judging from the performance in the first half of 2024, except for city commercial banks, the performance of most banking stocks has declined slightly. therefore, it is reasonable for the banking sector to be relatively weak during this round of rising prices.

after excluding the banking sector, among the stocks with a market value greater than 10 billion yuan, there are 12 stocks that meet the valuation requirements, mainly distributed in the two industries of shipping ports and auto parts. among them, there are 4 stocks with a price-to-earnings ratio (ttm) of less than 10 times, namely huayu automobile, shaanxi construction co., ltd., triangle tire and jiangsu cathay. in addition, guotai junan is suspended.

▲data source: flush ifind, compiled by reporters

stocks with stagnant performance growth are concentrated in the port sector

▲data source: flush ifind, compiled by reporters

finally, we combined the performance and sorted it out again. among the stagnant stocks that meet the valuation requirements (that is, the price-to-earnings ratio is between 0 and 20 times, and the price-to-book ratio is between 0 and 1 times), operating income and net profit in the first half of 2024 are both there are 23 stocks maintaining positive growth, and after excluding bank stocks, there are 11 stocks, as shown in the table below. from the perspective of industry distribution, it is mainly concentrated in the port sector, highway sector and auto parts sector. judging from the growth rate of net profit, there are three stocks with a growth rate of more than 30%, namely vosges, fuchun environmental protection and china merchants shekou.

▲data source: flush ifind, compiled by reporters

ps: the steps to obtain the list are as follows:

(the content of this article is for reference only and does not serve as a basis for investment. please enter the market at your own risk)

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