A shares welcome a good start! Daji construction led the rise of “Winter Olympic stocks” and institutions were cautiously optimistic about the future market

On February 7, 2022, the first trading day of the year of the tiger, the “tiger and tiger” of A-Shares swept away the haze before the festival, and the three major stock indexes closed red.

As of the close, the Shanghai composite index reported 3429.58 points, up 2.03%; Shenzhen composite index reported 13456.65 points, up 0.96%; Gem index reported 2917.86 points, up 0.31%. Overall, the turnover of Shanghai and Shenzhen stock markets was 823.1 billion yuan, and the net purchase of northbound funds throughout the day was 5.552 billion yuan; 3503 stocks rose and 1118 stocks fell.

Among the more than 3500 rising stocks, the individual stocks of dajijian industrial chain deduce the rising limit tide, which is undoubtedly the leading pioneer of the whole market; With the international oil price hitting a new high for more than seven years, the petroleum and petrochemical sector also performed well; The banking sector also showed a collective surge.

Specifically, from the disk, the architectural decoration sector led the rise, with an increase of 5.99%; Petroleum and petrochemical, building materials, coal and steel rose by more than 4%, 4.55%, 4.12%, 4.09% and 4.04% respectively. Among the 31 sectors classified at Shenwan level, five sectors including food and beverage, communication services, social services, media and computers closed down, with a decline of less than 1%.

Today, investors pay special attention to the Winter Olympic concept stocks. “Bing dwen dwen” is a “hard to get” for the Winter Olympic mascot. When the netizens shout “one family and one pier”, the “Winter Olympic concept stocks” in the two tier market are also hot. Both Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) (002878. SZ) and Cultural Investment Holdings Co.Ltd(600715) (600715. SH) rose by the limit, and many investors said they had no chance to buy them after repeatedly hanging orders.

The agency expressed confidence in the A-share market in the year of the tiger and believed that “in view of the sharp correction before the Spring Festival, there is no room for A-share to fall sharply this year”.

construction and steel industry welcome policy red envelope

On the first trading day of the Spring Festival, the architectural decoration sector ushered in a wave of daily limit, with 25 individual stocks. Among them, Shenzhen Institute Of Building Research Co.Ltd(300675) (300675. SZ), Henan Provincial Communications Planning & Design Institute Co.Ltd(300732) (300732. SZ) and Hualan Group Co.Ltd(301027) (301027. SZ) increased by 20%; Jsti Group(300284) (300284. SZ), bidding shares (301136. SZ) and Tus-Design Group Co.Ltd(300500) (300500. SZ) increased by more than 15%.

In terms of steel sector, Zhejiang Kingland Pipeline And Technologies Co.Ltd(002443) (002443. SZ) rose by the limit. Among the 44 stocks in shenwanyi steel sector, 42 closed up, and only Fushun Special Steel Co.Ltd(600399) (600399. SH), Yongxing Special Materials Technology Co.Ltd(002756) (002756. SZ) closed down, down 0.96% and 4.64% respectively.

In terms of policy, on February 7, the Ministry of industry and information technology, the national development and Reform Commission and the Ministry of ecological environment issued the guiding opinions on promoting the high-quality development of the iron and steel industry. The circular said that we should enhance the ability of innovation and development. Strengthen the dominant position of enterprise innovation and create a collaborative innovation ecosystem integrating industry, University, research and application; Encourage industry leading enterprises to implement merger and reorganization and build several world-class super large iron and steel enterprise groups; Encourage cross regional and cross ownership mergers and acquisitions of iron and steel enterprises, change the “small scattered” situation of iron and steel industry in some regions, and enhance the endogenous driving force for enterprise development; Financial institutions are encouraged to actively provide comprehensive financial services to iron and steel enterprises implementing merger and reorganization, layout adjustment, transformation and upgrading in accordance with the principles of controllable risk and sustainable business. SASAC also said before the festival that it would steadily promote the restructuring and integration of steel and other industries, and timely study and establish a new central enterprise group in relevant fields.

It is reported that the current market has formed expectations for Baowu restructuring Shandong Iron And Steel Company Ltd(600022) , Shougang Group and Hegang Group restructuring, Baowu restructuring Inner Mongolia Baotou Steel Union Co.Ltd(600010) . In terms of policy, industry and market driven, the steel industry is expected to usher in a wave of restructuring and integration.

Winter Olympics concept stocks are popular

On February 4, the 24th Winter Olympic Games opened in Beijing, and the Winter Olympic concept stock received market attention.

On the first day of the opening of the year of the tiger, Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) and Cultural Investment Holdings Co.Ltd(600715) both rose until the closing, with closing prices of 20.33 yuan and 3.18 yuan respectively.

Cultural Investment Holdings Co.Ltd(600715) on the investor interaction platform, the company, as a licensed manufacturer and seller of Beijing Winter Olympic Organizing Committee, has the franchise production right of Winter Olympic derivative products in three categories: precious metals, handicrafts and ceramics, as well as the franchise retail right of all winter Olympic derivative products. In terms of licensed production rights, the company will authorize third-party enterprises to design and produce relevant derivative products, and obtain the share of product sales revenue. In terms of franchised retail, the company will participate in the franchised distribution of Winter Olympic products through self operation and authorized third-party operation, and set up franchised retail stores (points), so as to obtain the sales revenue share of franchised distribution and relevant licensing fee income. At present, the company is actively promoting the above licensed production and sales business, vigorously expanding the cooperation between third-party manufacturers and distributors, and the design declaration of relevant products is also under preparation.

Shuey Rhon Rhon Bing dwen dwen Bing dwen dwen, Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) , said that the seven main products of the Winter Olympic Games, including the ice pun Pier (snow Rong Rong) plush toys, modeling handles, ornaments, crystal balls, and ice box pier blind boxes, badges (mascot motion modeling series, countdown series, folk custom Series), precious gold (opening ceremony countdown gold and silver bars, etc.) are all designed, manufactured and sold by the company. In view of the recent popularity of the above-mentioned Winter Olympic licensed commodities by the majority of consumers, the company has organized employees and factories to start production in an all-round way, made every effort to coordinate the production capacity rationing, ensure the supply of Winter Olympic licensed commodities, and try its best to meet the needs of the majority of consumers.

Shanxi Securities Co.Ltd(002500) the research report believes that the Winter Olympics will comprehensively enhance the popularity of the ice and snow industry in terms of ice and snow sports, ice and snow tourism, ice and snow equipment and investment and financing of the ice and snow industry. Under the stimulation of supply and demand such as the Beijing Winter Olympics, the return of ice and snow outbound tourism, the upgrading of tourism consumption and the national layout of ice and snow facilities, it is expected that the number of ice and snow leisure tourists in China will reach 305 million in the ice and snow season from 2021 to 2022, China’s ice and snow leisure tourism revenue is expected to reach 323.3 billion yuan.

It believes that the outbreak of the epidemic in 2020 affected the operation of ski resorts in China, cancelled ice and snow events one after another, and impacted China’s ice and snow industry. In 2020, the scale of the ice and snow industry decreased by 26.84% year-on-year to 381.1 billion yuan. With the effective control of the epidemic in China and the active introduction of corresponding support measures by the national government, the ice and snow event service industry, mass ice and snow sports and training industry, ice and snow tourism and other industries have gradually recovered. China’s ice and snow industry has rebounded significantly in 2021. It is estimated that the total scale of China’s ice and snow industry will exceed 100 billion yuan in 2025, and more than 50 million people will participate in ice and snow sports.

institutions are cautiously optimistic

Ping An Securities believes that the central economic work conference at the end of 2021 set the tone that China is facing the triple pressure of shrinking demand, supply shock and weakening expectation. In 2022, it will focus on economic construction, and the tone of work is to make progress while maintaining stability and realize the rebalancing of growth and structural reform.

Under the steady growth policy, loose liquidity and economic repair are expected to support the upward fluctuation of the A-share market, but the rhythm may be affected by the repeated epidemic, insufficient policy strength and less than expected landing effect, and the sector rotation will be more frequent with the industrial boom and valuation changes. On the whole, the environment in which the policy underpins the economy and inflation risks tend to ease is relatively mild for the equity market, and A-Shares still have phased and structural opportunities.

China Merchants Securities Co.Ltd(600999) believes that in 2022, A-Shares are still expected to maintain the trend of continuous entry of incremental funds into the market, but the pace has slowed down compared with the previous two years. Under the background of the general overestimation of institutional heavy positions, the intensity of structural differentiation has converged. The growth rate of A-share earnings will maintain a downward trend, the macro liquidity will gradually turn to abundant, and the growth rate of social finance will stabilize and recover, driving A-share to usher in a new round of upward cycle starting point in the third quarter. The market presents a “stable before rising” trend, similar to “√”.

Liu Feng, chief economist of galaxy securities, told the economic observer that in 2022, while steadily promoting the reform of the whole market registration system, the capital market should focus on breaking through the blocking points that hinder the “three public” principles of the market, further improve the basic system, compact the “gatekeeper” responsibility of intermediaries, improve the delisting system and strengthen investor protection, And maintain the continuity, stability and operability of policies in the process of reform, and give full play to the functions of the capital market to eliminate the fittest and optimize the allocation of resources. He said that it is expected that A-Shares will fluctuate throughout the year, but in view of the sharp correction before the Spring Festival, there is no room for A-Shares to fall sharply this year.

UBS Securities predicted in the research report that looking forward to the whole year of 2022, driven by profit growth and slight increase in valuation, the market is expected to have about 10% upward space.

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