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投资选择:广州治堵讨论稿出台,不限牌。我们的观点:现阶段可考虑增持优质个股。主要理由:一方面,1月8日广州出台治堵方案讨论稿中,主要是从使用环节治堵,未涉及到限牌,短期汽车政策风险得到释放;另一方面,从同比和环比增速比较,由于2011年2月春节较早,存在2月轿车销量同比下降的可能,若2月销量增速出现负增长,则可能是上半年月度增速的低点;从季度销量增速比较看,我们判断1Q11年增速也将是上半年的低点,目前汽车股整体估
Investment options: Guangzhou Zhugao discussion draft introduced, not limited to licensing. Our view: At this stage may consider holdings of quality stocks. Main reasons: On January 8, Guangzhou released a discussion and discussion program on January 8, mainly blocking the use of links, not involving restrictions and short-term risks of automobile policy being released; on the other hand, from the same period last year and the chain growth rate Compared with the earlier Spring Festival in February 2011, there may be a year-on-year decrease in sedan sales volume in February. If the sales growth in February shows negative growth, it may be the monthly low in the first half of the year. From the quarterly sales growth rate, We judge the 1Q11 annual increase is likely to be the first half of the low point, the current auto stocks the overall assessment