In January 2022, A-Shares performed poorly. As of the closing on January 28, the Shanghai Composite Index fell 7.65%, the Shenzhen composite index fell 10.29% and the gem index fell 12.45%. At the same time, in the face of the continuous decline, many public offering and private placement institutions began to increase their holdings of their own products, and the directions and individual stocks allocated after the increase may be explored from the institutional research trend this month.
According to xingkuang data, a total of 529 stocks in the two cities were investigated by institutions in January, of which 103 stocks were investigated by more than 50 institutions and 44 stocks were investigated by more than 100 institutions.
According to the statistics in the above table, among the top 20 stocks of research institutions this month, the software and information technology service industry has the most stocks, with a total of 4 stocks, all of which are related to the theme of digital economy. In terms of news, the 14th five year plan for digital economy development issued by the State Council clearly stipulates that by 2025, the digital economy will move towards a period of comprehensive expansion, the added value of the core industries of the digital economy will account for 10% of GDP, and the software and information technology services will be increased from 8.16 trillion to 1.4 trillion. Digital economy is also one of the most active themes in the market in January.
In addition to software and information technology services, there are three stocks in electrical machinery and equipment manufacturing and special equipment manufacturing, which have been investigated by many institutions. Among them, the stocks surveyed in the electrical machinery and equipment manufacturing industry are mainly lithium battery concept stocks, while the stocks surveyed in the special equipment manufacturing industry are mainly medical device concept stocks.
The largest number of stocks surveyed by institutions this month is lithium battery concept stock Ningbo Ronbay New Energy Technology Co.Ltd(688005) . In January, 518 institutions surveyed the company, including e fund, Huaxia Fund, huitianfu fund, Qianhai open source fund and other institutions that recently announced to increase their holdings of their own products. The company is mainly engaged in the R & D, production and sales of lithium battery cathode materials and their precursors. The company predicts to achieve a net profit of 890 million yuan to 920 million yuan in 2021, with a year-on-year increase of 3.18 times to 3.32 times. The stock rose 11.97% against the trend in January, significantly outperforming the index.
The company recently signed a strategic cooperation agreement with Contemporary Amperex Technology Co.Limited(300750) . It is expected that Contemporary Amperex Technology Co.Limited(300750) will purchase about 100000 tons of high nickel ternary cathode materials from the company in 2022; From 2023 to the end of 2025, Contemporary Amperex Technology Co.Limited(300750) will take the company as its first supplier of ternary cathode powder and purchase no less than a certain proportion of high nickel ternary cathode materials from the company. In this regard, Huachuang securities issued a research report that as a leading enterprise in the market share of high nickel ternary cathode materials, the signing of this agreement marks Contemporary Amperex Technology Co.Limited(300750) a high recognition of the company’s product development and quality management ability, engineering equipment and technical ability, product supply ability and so on, It shows that the company’s high nickel cathode products have a wide application demand in the new energy vehicle terminal market, and the demand will be further improved in the future. The company is expected to further reduce production costs through scale effect in the future. With the completion of the battery material recycling base, the positive material industry chain will form a closed loop, and the net profit per ton is expected to be further improved.
Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) 430 institutions were surveyed this month, including Bank of communications Schroeder fund, Ningbo magic square quantification, Nomura International (Hong Kong), freshwater spring and other well-known institutions. In addition, the company received 649 institutional research last month, with a total of more than 1000 institutional research companies for two consecutive months. The company is mainly engaged in the R & D, manufacturing, marketing and service of medical devices. Its main products cover three fields: life information and support, in vitro diagnosis and medical imaging.
In January, the company issued the management measures for the employee stock ownership plan in 2022: it plans to use 1 billion yuan of repurchased shares, a total of 3.0487 million shares, for the employee stock ownership plan. The total number of participants in this plan is no more than 2700, the participants are the company’s core technology or business personnel, and the employee subscription price is 50 yuan / share. The performance assessment target is that the growth rate of net profit attributable to the parent company from 2022 to 2024 will not be less than 20%, 44% and 73% compared with 2021. In this regard, Founder Securities Co.Ltd(601901) released a research report that this equity incentive will deeply bind the core backbone of the company, consolidate the stability of talents, align the interests of employees and shareholders, promote the steady development of the company’s business and have a strong growth momentum in the future.
According to the number of institutional surveys counted in the above table, more than 20 companies received more than 5 surveys this month, of which Road Environment Technology Co.Ltd(688156) and China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) received 10 surveys in January. However, the cumulative number of institutions surveyed in China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) 10 surveys is relatively small, only 26. In addition, it is worth noting that more than half of the top 20 stocks with high frequency of institutional research outperformed the index this month. Among them, the share price of Road Environment Technology Co.Ltd(688156) which received the most institutional research this month rose by more than 31% against the trend this month, significantly outperforming the index.
From the perspective of industry attributes, the stocks with high frequency of institutional research are not too concentrated. However, two bank stocks Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and Bank Of Hangzhou Co.Ltd(600926) have been frequently investigated by institutions this month. This situation is relatively rare, and the attention of institutions to bank stocks may be gradually increasing. The equity of the two banks increased by about 10% each month, significantly outperforming the market.
Road Environment Technology Co.Ltd(688156) a total of 89 institutions were received for investigation for 10 times this month. The company’s main business is water environment treatment and environmental treatment and resource utilization of solid waste. The company expects to achieve a net profit of 65 million yuan to 80 million yuan in 2021, with a year-on-year increase of 36.15% to 67.57%.
According to the research summary released by The Pacific Securities Co.Ltd(601099) securities after its research on the company, after years of market cultivation, the company’s bio fermented feed has been widely recognized by the market for its cost-effective advantages, has been unanimously praised by downstream customers, and the product sales volume has increased significantly from 2018 to 2021; In addition, the policy dividend of “reducing resistance and limiting resistance” in the feed industry is gradually released, and the company’s products are in short supply. The company seized the development opportunities, continued to strengthen innovation, continuously optimized the technical transformation of technology, process and equipment, quickly released production capacity and developed its business rapidly.
The digital economy concept stock Northking Information Technology Co.Ltd(002987) received a total of 190 institutions for research five times this month, which is one of the few companies with the highest number of research institutions and research times this month. The company is a financial IT integrated service provider driven by financial technology. It mainly provides information technology services and business process outsourcing services to financial institutions dominated by banks. The company’s share price rose 28.26% against the trend in January, which is one of the stocks with the largest cumulative increase in digital economy stocks this month.
According to the research summary released by The Pacific Securities Co.Ltd(601099) securities after the research on the company, the company’s digital RMB related services to customers have generated revenue since 2020, showing an increasing trend every quarter, and the company’s all-round delivery capacity support and all-round solution capacity of digital RMB have been continuously improved. We are optimistic about the future digital RMB related business.
