“Medicine can’t make a living”. Today, it’s the turn of the traditional Chinese medicine sector to be hammered. In this context, the “medical fund” is hot again.
However, under the shock of the medical sector and “ningwang”, the collective rise of traditional value stocks. Today, the influx of funds into the “Chinese prefix”, Petrochina Company Limited(601857) , China Life Insurance Company Limited(601628) , Ping An Insurance (Group) Company Of China Ltd(601318) , China Petroleum & Chemical Corporation(600028) , China State Construction Engineering Corporation Limited(601668) , China Shenhua Energy Company Limited(601088) has reached a new high.
medicine continues to decline
Chinese medicine sector led the decline
The pharmaceutical market remains the same today, with the decline on the list, and the decline in the biomedical sector is the top.
In addition, the new Chinese medicine sector fell today, with the index down nearly 3%.
Gansu Longshenrongfa Pharmaceutical Industry Co.Ltd(300534) fell nearly 9%:
Losses were also led by China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , Chongqing Pharscin Pharmaceutical Co.Ltd(002907) , Teyi Pharmaceutical Group Co.Ltd(002728) , Zhejiang Xinguang Pharmaceutical Co.Ltd(300519) , Guiyang Xintian Pharmaceutical Co.Ltd(002873) , Kunming Longjin Pharmaceutical Co.Ltd(002750) .
60 billion Beijing Tongrentang Co.Ltd(600085) fell nearly 7% and closed down 5.76%.
After several sharp falls, the medical fund has been searched again. There is a passage: Feng Shui turns in medicine and banking.
“ningwang” continues to fluctuate downward
the auto sector fell
Trillion “ningwang” Contemporary Amperex Technology Co.Limited(300750) continued to decline, once falling more than 5% and closing down 2.53%.
The auto sector made a collective correction, and the auto parts sector fluctuated lower, Ningbo Huaxiang Electronic Co.Ltd(002048) once fell by the limit, Bethel Automotive Safety Systems Co.Ltd(603596) , AGCO, Wuxi Zhenhua Auto Parts Co.Ltd(605319) fell by more than 5%, followed by Suzhou Sonavox Electronics Co.Ltd(688533) , Guangdong Hongtu Technology (Holdings) Co.Ltd(002101) , Nanjing Chervon Auto Precision Technology Co.Ltd(603982) .
return of traditional value sector: Insurance soared nearly 4%
700 billion insurance giants pull 8%
On the occasion of the continuous decline of “Ning portfolio”, the traditional value stocks have returned collectively! Insurance, coal, banking, household appliances and other sectors rose higher.
The insurance sector continued to make efforts, and the index rose nearly 4%.
The 700 billion giant China Life Insurance Company Limited(601628) rose more than 8%, with the latest share price of 31.8 yuan and a market value of 753 billion yuan.
“Please cherish the peace of less than 50 yuan”. Today, Ping An Insurance (Group) Company Of China Ltd(601318) also rose 3.6%. The latest share price is 56.13 yuan per share, and the market value returns to more than trillion yuan.
China Pacific Insurance (Group) Co.Ltd(601601) , The People’S Insurance Company (Group) Of China Limited(601319) followed up one after another.
In addition, the financial sector rose collectively. The bank index rose nearly 1.5%, led by Bank of Lanzhou, Ping An Bank Co.Ltd(000001) and China Merchants Bank
The brokerage index rose 1.42%, and Xiangcai rose more than 9%.
two major benefits go hand in hand
the real estate sector ushered in the limit tide
The real estate sector also rose more than 1%.
Individual stocks have ushered in the trading tide. Rongan Property Co.Ltd(000517) , Shenzhen New Nanshan Holding (Group) Co.Ltd(002314) , Tianjin Tianbao Infrastructure Co.Ltd(000965) , China Calxon Group Co.Ltd(000918) opening limit, Tahoe Group Co.Ltd(000732) rose by more than 10%
China Vanke Co.Ltd(000002) rose by more than 3%, and Poly Developments And Holdings Group Co.Ltd(600048) , China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Gemdale Corporation(600383) rose collectively.
On the news side, on February 10, it was reported that the national measures for the supervision and management of commercial housing pre-sale funds had been formulated and promulgated recently. The supervision of pre-sale funds meets the unified national regulations, and the tight capital flow of real estate enterprises is expected to be alleviated.
At the same time, the growth of credit and social finance in January achieved a “good start”, and the growth of RMB loans and social finance in January hit a record high in a single month: RMB loans increased by 3.98 trillion yuan in January, an increase of 394.4 billion yuan year-on-year, which is a statistical high point in a single month; In January, the increment of social financing scale was 6.17 trillion yuan, 984.2 billion yuan more than the same period last year.
In this regard, Shenwan Hongyuan Group Co.Ltd(000166) macro analysis said that the strong start of credit social finance in January was conducive to dispelling the strong concerns of the market about the financing blockage of the real estate industry chain. It believes that as long as the “good start” of credit social finance can be seen at the beginning of 2022, in the process of stable demand release, real estate investment is expected to improve from the second quarter. There is great hope that negative growth of real estate investment can be avoided throughout the year, and a small positive growth of about 1% can be expected.
Guotai Junan Securities Co.Ltd(601211) securities research report refers to that the valuation repair of real estate stocks is a long-term value regression based on the absolute valuation model, including two stages. The real estate can be divided into three parts: current book value, discounted excess return in the forecast period and discounted excess return in the long term. At present, the undervalued value of real estate stocks is significantly negative in the long-term excess return, and the long-term excess return of most industries contributes most of the market value. The implication is that the long-term profits of real estate enterprises are not enough to make up for the cost of capital, and there is even a greater risk of bankruptcy. However, ① if the continuous operation of individual stocks can be ensured, the value destruction will end with the liquidation of the industry, which can bring the first stage of valuation repair, that is, the long-term valuation will be repaired from negative to 0. ② If the industry eventually has a moat to create sustainable excess returns, the long-term excess returns can account for 10% – 30% of the total market value, bringing the second stage of repair. Recently, the open market financing of some high-quality private enterprises has resumed, the central bank has corrected the deviation of financial institutions, and mergers and acquisitions have been gradually active. It is not ruled out that there are still thunder storms of tail private enterprises, but the survival probability of high-quality private enterprises has increased significantly, and the valuation repair is imminent.
salt lake lithium extraction sector pulled up
China Aluminum International Engineering Corporation Limited(601068) instantaneous limit
Lithium ore index rose more than 3.4%.
Among them, the salt lake lithium extraction sector rose ahead. After the opening of China Aluminum International Engineering Corporation Limited(601068) , the trading limit was quickly sealed.
The trend of Sinomach General Machinery Science & Technology Co.Ltd(600444) is similar, and the trading limit is pulled at about 10 o’clock.
In addition, Sinomine Resource Group Co.Ltd(002738) , Tianqi Lithium Corporation(002466) , Ganfeng Lithium Co.Ltd(002460) , Qinghai Salt Lake Industry Co.Ltd(000792) led gains.
As of midday closing, the Shanghai Composite Index rose 0.34% and the gem index fell 1.36%.
future strategy
Theme strategies of eight securities companies: the supply and demand of lithium ore and lithium salt are still in the most tense moment! These leading valuation investments are cost-effective
Free research report selection: “Chinese prefix” sounded the assembly number, big financial protection, resource stock Carnival! The tourism sector also came to join the fun
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