On Friday, the three major A-share indexes collectively opened low, and the Shanghai index took the lead in turning red. Nanjing combination, wind power and covid-19 detection sectors were adjusted. The lithium ore sector, which fell endlessly in the early stage, bucked the trend, and coal and building materials led the rise.
The large financial sector continued to exert force in the session, and the brokerage sector rose strongly, Xiangcai Co.Ltd(600095) rose by the limit, Guolian Securities Co.Ltd(601456) rose by more than 5%. In the insurance sector, China Life Insurance Company Limited(601628) rose by more than 8%, and Ping An Insurance (Group) Company Of China Ltd(601318) , China Pacific Insurance (Group) Co.Ltd(601601) followed suit.
lithium sector is active again
lithium carbonate price stands at 400000 yuan
Lithium stocks that continued to callback collectively rose in the morning. As of press time, Sinomine Resource Group Co.Ltd(002738) rose by more than 8%, and Tianqi Lithium Corporation(002466) , Ganfeng Lithium Co.Ltd(002460) , Youngy Co.Ltd(002192) rose one after another.
On the news, on the evening of February 8, Sinomine Resource Group Co.Ltd(002738) announced that the company plans to acquire the equity of two lithium mining companies for us $180 million and indirectly hold 74% equity of bikita lithium mining project in mazungo Province, Zimbabwe.
At present, global enterprises continue to accelerate the layout of lithium mines. As a large country in demand for lithium resources, Chinese enterprises have made outstanding achievements in the speed and scale of global lithium resources layout, including Contemporary Amperex Technology Co.Limited(300750) , Ganfeng Lithium Co.Ltd(002460) , Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) , Zijin Mining Group Company Limited(601899) , Tibet Summit Resources Co.Ltd(600338) and other companies.
In recent years, with the explosion of new energy vehicle industry chain driving demand, as the core element of power battery, the price of lithium carbonate has been rising all the way. According to the data released on February 10, the quotation of lithium battery materials generally rose, among which the battery grade lithium carbonate rose by 10000 yuan / ton and the average price was 400000 yuan / ton. This is more than 40% higher than 280000 yuan / ton at the end of 2021; Compared with the same period last year, the increase was more than four times.
Qu Yinfei, a lithium analyst at the new energy business unit, said that according to the current market situation, the price of lithium carbonate is expected to exceed 500000 yuan / ton, and the mismatch between supply and demand is still the main factor driving the continuous rise of prices.
Contemporary Amperex Technology Co.Limited(300750) high level pullback exceeding 25%
Did fall in place?
Contemporary Amperex Technology Co.Limited(300750) fell more than 4% in the morning and fell below the 500 yuan mark. As of the noon closing, the decline had converged, down 2.53%. The share price of Contemporary Amperex Technology Co.Limited(300750) has corrected by more than 25% since its high in December last year. Whether it falls in place is the most critical issue at present.
In this regard, capital securities expressed the view that the trend of Kweichow Moutai Co.Ltd(600519) in 2021 is closely similar to that of Contemporary Amperex Technology Co.Limited(300750) in 2022. On the whole, both are similar paths: due to various advantages, the market is sought after and seriously deviates from the current reasonable valuation. When the rising logic is greatly challenged, an external catalyst triggers the falling market.
Capital securities will standardize the high point of Kweichow Moutai Co.Ltd(600519) in 2021 and the high point of Contemporary Amperex Technology Co.Limited(300750) in 2022, and infer the future trend of Contemporary Amperex Technology Co.Limited(300750) from the trend of Kweichow Moutai Co.Ltd(600519) . From the fitting situation, the overall adjustment of Contemporary Amperex Technology Co.Limited(300750) has not ended, and there may still be 20% room for decline in the future.
Capital Securities said that the above conclusions are based on short-term market sentiment and microstructure. However, in the long run, Kweichow Moutai Co.Ltd(600519) is different from Contemporary Amperex Technology Co.Limited(300750) in the industry, and the long-term trend may depend on the fundamental changes of the company and the industry.
However, some institutions believe that the current valuation of new energy vehicles has gradually approached the bottom of history, and the industry fundamentals are at the stage of simultaneous upward in the short-term, medium and long-term. They are optimistic about the performance of core leading companies in the industrial chain.
On February 10, Boshi Fund pointed out that the recent correction of the new energy vehicle sector was large, mainly because the Fed’s interest rate hike suppressed the valuation of the global growth sector. In addition, the preference of the short-term market for the “stable growth” sector will increase, which will also form a phased suppression on the new energy vehicle sector.
Looking forward to the future, Boshi Fund pointed out that it is still firmly optimistic about the investment opportunities in the new energy vehicle industry. At present, the penetration rate of new energy vehicles is still less than 10% in the world. The industry still has a high outlook and strong certainty of long-term growth. “After the early correction, the current valuation of the new energy vehicle sector is more cost-effective, and is relatively more optimistic about the performance of the core leading companies in the industrial chain.”
