Market review last week
Last week, the light industry manufacturing industry outperformed Shanghai and Shenzhen by 3000.28pct: SW light industry manufacturing (1.10%) vs Shanghai and Shenzhen 300 (0.82%). The top five weekly gains were packaging and printing - Shaanxi Jinye Science Technology And Education Group Co.Ltd(000812) (16.67%), Shanghai Yilian (10.39%), Tungkong Inc(002117) (8.76%), Anhui Genuine New Materials Co.Ltd(603429) (8.52%) and Sichuan Jinshi Technology Co.Ltd(002951) (8.33%); Household goods - Profit Cultural & Creative Group Co.Ltd(300640) (21.35%), Goldenhome Living Co.Ltd(603180) (15.85%), Runner(Xiamen) Corp(603408) (15.31%), Zhejiang Cayi Vacuum Container Co.Ltd(301004) (14.66%) and Xiamen R&T Plumbing Technology Co.Ltd(002790) (12.13%); Papermaking - Fujian Qingshan Paper Industry Co.Ltd(600103) (6.82%), Shandong Chenming Paper Holdings Limited(000488) (5.37%), Shandong Huatai Paper Industry Shareholding Co.Ltd(600308) (5.37%), Shandong Sun Paper Co.Ltd(002078) (4.95%) and Yibinpaperindustryco.Ltd(600793) (4.95%); Entertainment supplies - Goldlok Holdings(Guangdong) Co.Ltd(002348) (23.85%), mubang high tech (8.00%), Hailun Piano Co.Ltd(300329) (7.80%), Guangzhou Pearl River Piano Group Co.Ltd(002678) (3.05%) and Shenzhen Comix Group Co.Ltd(002301) (1.55%).
This week's view
On February 11, Pfizer oral covid-19 drugs were approved for import. We believe that it can form a support for the recovery of terminal passenger flow of some light industrial enterprises with offline channels to a certain extent. In the long run, it will be conducive to the decline of international shipping prices and alleviate the cost pressure of export-oriented enterprises
Household goods: on February 8, the notice on excluding the loans related to affordable rental housing from the concentration management of real estate loans was issued, and the national measures for the supervision and management of pre-sale funds of commercial housing were also formulated and promulgated recently. We believe that the introduction of affordable housing policy has the possibility to contribute a certain increment to kitchen, bathroom and household products. The state has a clear attitude to guarantee the delivery of houses and the completion of houses. Under the support of policies, the completion of commercial houses in China is expected to remain stable this year, providing a better guarantee for the marginal improvement of the demand side of household goods. Firmly optimistic about the possibility of double repair of performance estimates including the sector.
Packaging and printing: last week, Yueke launched a clinical study on the safety of e-cigarettes and successfully registered in the China clinical trial registration center. This study focuses on the safety of e-cigarettes. We believe that if Ben Yueke conducts two clinical studies, it can finally prove that e-cigarettes are less harmful to human health than traditional cigarettes and are safe to use. While expanding its brand influence, it may reverse the attitude of Chinese residents towards e-cigarette products, improve the transformation of potential users in the industry, and the 100 billion market may really usher in the greatest development opportunity.
Recommended combinations: Oppein Home Group Inc(603833) (603833), Jason Furniture (Hangzhou) Co.Ltd(603816) (603816), Shenzhen Jinjia Group Co.Ltd(002191) (002191), Shanghai M&G Stationery Inc(603899) (603899).
This week's event reminder
Fujian Yongan Forestry (Group) Joint-Stock Co.Ltd(000663) : convening of the general meeting of shareholders D&O Home Collection Co.Ltd(002798) : convening of the general meeting of shareholders
Oppein Home Group Inc(603833) : convening of the general meeting of shareholders Shanghai Yilian: convening of the general meeting of shareholders
Risk tips
Macroeconomic fluctuations; Rising raw material costs; New production capacity cannot be digested in time; Loss of key customers.
