China’s education index rose or fell by + 4.21% this week. Stocks with large gains and losses: Yuhua Education (+ 20.71%), Tonghe Education Technology (+ 17.70%), New Oriental online (+ 17.12%), Newcapec Electronics Co.Ltd(300248) (+ 16.51%), China Oriental Education (+ 12.97%), Guangzheng Education (- 11.86%), Guo Shanghai New Culture Media Group Co.Ltd(300336) (- 7.87%), Youdao (- 6.38%).
Viewpoint: 1) on the whole, the education industry still maintains a cautious attitude, and the opportunities mainly come from the individual stock level. 2) It is recommended to pay attention to New Oriental online. K9 discipline business was stripped off on December 31, and the negative factors were cleared. We believe that the company’s resources are expected to tilt towards university adult business and achieve strong growth. In addition, the company is actively transforming to institutions and live broadcasting. The process of new business from 0 to 1 is worthy of attention. The bottom logic lies in the brand, human resources Material resources and other factors remain strong.
Education industry
This week, the hotel catering and leisure (Changjiang) / Consumer Service HK (CITIC) index rose or fell by + 9.47% / + 2.04%. Stocks with large gains and losses: Xi’An Qujiang Cultural Tourism Co.Ltd(600706) (+ 41.51%), China United Travel Co.Ltd(600358) (+ 30.98%), Caissa Tosun Development Co.Ltd(000796) (+ 27.98%), Fosun tourism culture (+ 27.56%), Huatian Hotel Group Co.Ltd(000428) (+ 26.75%), Beijing Fengshangshiji Culture Media Co.Ltd(300860) (- 10.34%). Viewpoint: 1) China approved Pfizer covid-19 virus treatment drugs conditionally. Recently, the policies of overseas countries have been relaxed, and the market sentiment has boosted the overall rise of the liquor and tourism sector. 2) In the post epidemic era with the gradual increase of vaccination rate and the expected launch of specific drugs, it is expected that China’s policies will be liberalized compared with the previous two years, and offline consumption formats such as tourism and catering will continue to usher in marginal improvement.
Wine travel catering
The beauty care (Shenwan) index rose or fell – 1.48% this week. Stocks with large gains and losses: Mingchen Health Co.Ltd(002919) (+ 6.52%), Nanjing Cosmos Chemical Co.Ltd(300856) (+ 6.48%), Syoung Group Co.Ltd(300740) (+ 6.10%), Qingdao Kingking Applied Chemistry Co.Ltd(002094) (+ 5.71), Shenzhen Leaguer Co.Ltd(002243) (+ 5.53%), Yunnan Botanee Bio-Technology Group Co.Ltd(300957) (- 9.68%), St Langqi (- 9.24%) and Imeik Technology Development Co.Ltd(300896) (- 4.86%). Viewpoint: 1) the early valuation of cosmetics and medical beauty sector is high, and the market needs to wait for opportunities. 2) In the long run, with the improvement of consumers’ recognition of domestic cosmetics and the strength of domestic cosmetics products, high-quality domestic brands will continue to increase their market penetration.
