Today (February 14), the three major A-share indexes opened slightly lower, the gem index rose and fell at the beginning of trading, while the Shanghai index showed a pulse downward. Throughout the day, the performance of the three major stock indexes was relatively weak. On the disk, in terms of industries, tourism and hotels, precious metals, education, household light industry, cultural media, chemical pharmacy, aerospace and other industries led the increase; Insurance, banking, securities, electric power, real estate, steel, shipping port, coal, cement and building materials and other industries led the decline. In terms of subject stocks, covid-19 drugs, online tourism, tax rebate concept, film and television concept led the increase, while the brokerage concept, civil explosion concept, low-carbon metallurgy, transgenic, rental and sale rights, digital economy led the decline.
the military industry sector rose Beijing Unistrong Science & Technology Co.Ltd(002383) , Aerosun Corporation(600501) and other stocks rose by the limit
The military industry sector rose in intraday trading on the 14th. As of press time, China Zhonghua Geotechnical Engineering Group Co.Ltd(002542) , Yunding Technology Co.Ltd(000409) , Hefei Metalforming Intelligent Manufacturing Co.Ltd(603011) , Qiming Information Technology Co.Ltd(002232) , Tianjin Tianbao Infrastructure Co.Ltd(000965) , Innuovo Technology Co.Ltd(000795) , Beijing Unistrong Science & Technology Co.Ltd(002383) , Aerosun Corporation(600501) , Anhui Sinonet & Xinlong Science & Technology Co.Ltd(002298) and other limits rose, while visualizing technology, Tianjin Jieqiang Power Equipment Co.Ltd(300875) , Navinfo Co.Ltd(002405) and other gains were higher.
Some institutions said that considering the high business cycle of the “14th five year plan” industry and the high growth rate of the industry in 2022, the military industry sector has entered a cost-effective area. Soochow Securities Co.Ltd(601555) pointed out that the current valuation level of the military industry sector has fallen back to the bottom area since May 2020, with a large margin of safety and absolute income space: observed by the national defense military industry CITIC index, since the launch of the military industry sector market in July 2020, the overall dynamic valuation of the sector is about 60 times in May 2020, nearly 100 times in January 2021 and about 65 times at present, It has fallen back to the bottom area since May 2020. From the dynamic valuation of representative targets in the sector, the dynamic valuation of multiple targets fell back to the bottom area since May 2020.
For the layout of the military industry sector in 2022, the agency suggests paying more attention to the market pattern of the military industry, the company’s business quality and medium and long-term growth space, focusing on five investment directions. 1) Military aircraft: air control is very important in modern war. Many models enter the batch production period, focusing on Avic Shenyang Aircraft Company Limited(600760) , Avic Xi’An Aircraft Industry Group Company Ltd(000768) , Jiangxi Hongdu Aviation Industry Co.Ltd(600316) , Avicopter Plc(600038) , etc; 2) Aeroengine: Changpo thick snow high-quality track, pay attention to Aecc Aviation Power Co Ltd(600893) , Aecc Aero-Engine Control Co.Ltd(000738) etc; 3) Materials and forging and casting: a generation of materials and equipment. Forging and casting is the key link of equipment production. Pay attention to Western Superconducting Technologies Co.Ltd(688122) , Baoji Titanium Industry Co.Ltd(600456) , Weihai Guangwei Composites Co.Ltd(300699) , Sinofibers Technology Co.Ltd(300777) , Western Metal Materials Co.Ltd(002149) , Fushun Special Steel Co.Ltd(600399) , Gaona Aero Material Co.Ltd(300034) , Xi’An Triangle Defense Co.Ltd(300775) , Guizhou Aviation Technical Development Co.Ltd(688239) , Wuxi Paike New Materials Technology Co.Ltd(605123) , Wuxi Hyatech Co.Ltd(688510) , Avic Heavy Machinery Co.Ltd(600765) , Chengdu Ald Aviation Manufacturing Corporation(300696) , Anhui Shenjian New Materials Co.Ltd(002361) etc; 4) Missiles: with the continuous improvement of combat readiness and the increase of war training consumption and replenishment demand, we pay attention to Jiangxi Hongdu Aviation Industry Co.Ltd(600316) , Chengdu M&S Electronics Technology Co.Ltd(688311) , North Navigation Control Technology Co.Ltd(600435) , Chengdu Rml Technology Co.Ltd(301050) , Wuhan Guide Infrared Co.Ltd(002414) , Zhejiang Dali Technology Co.Ltd(002214) , Hubei Feilihua Quartz Glass Co.Ltd(300395) ; 5) Informatization: informatization is a multiplier of combat power. All countries have invested heavily in Avic Jonhon Optronic Technology Co.Ltd(002179) , Guizhou Space Appliance Co.Ltd(002025) , China Zhenhua (Group) Science & Technology Co.Ltd(000733) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Zhuzhou Hongda Electronics Corp.Ltd(300726) , Beijing Yuanliu Hongyuan Electronic Technology Co.Ltd(603267) , Fujian Torch Electron Technology Co.Ltd(603678) , Wuhan Guide Infrared Co.Ltd(002414) , Zhejiang Dali Technology Co.Ltd(002214) , Raytron Technology Co.Ltd(688002) , Chengdu M&S Electronics Technology Co.Ltd(688311) , Beijing Starneto Technology Co.Ltd(002829) , Tianjin 712 Communication & Broadcasting Co.Ltd(603712) and so on.
Pfizer covid-19 oral drug conditions approved concept stock institutions focus on 4 shares, and the net profit is expected to double
According to the official website of the State Drug Administration, on February 11, the State Drug Administration conducted emergency review and approval in accordance with the relevant provisions of the drug administration law and the special drug approval procedures, and conditionally approved the import registration of the combined packaging of nevitavir tablets / ritonavir tablets (i.e. paxlovid) of Pfizer covid-19 virus treatment drug.
The conditional approval of Pfizer’s paxlovid drug import registration by the State Food and drug administration may further open the market space, and covid-19 oral drug concept stocks capable of producing relevant intermediates / APIs are expected to benefit. Data treasure has counted the list of some covid-19 oral drug concept stocks. Since 2022, many stocks have continued to adjust, with 14 stocks falling by an average of 11.09%. Of which Porton Pharma Solutions Ltd(300363) and Asymchem Laboratories (Tianjin) Co.Ltd(002821) both fell by more than 30%; The Aba Chemicals Corporation(300261) continuous pullback benefited from this concept in the early stage, and the pullback range has exceeded 20%.
In terms of performance, the nine listed companies that have issued annual express / forecast have achieved positive growth in net profit, and the net profit of Northeast Pharmaceutical Group Co.Ltd(000597) , Wuhan Hiteck Biological Pharma Co.Ltd(300683) , Guangdong Zhongsheng Pharmaceutical Co.Ltd(002317) , Shandong Jincheng Pharmaceutical Group Co.Ltd(300233) is expected to double. Among them, Northeast Pharmaceutical Group Co.Ltd(000597) has the highest growth rate, which is expected to be in the range of 552.7% – 879.05%. The company said on the interactive platform that it currently has the patent for the preparation method of ritonavir, and the product is still in the early stage of research and development.
as the international oil price moves towards the 100 yuan mark, the leader of the oil service industry is expected to fully benefit (with shares)
It is reported that during China’s Spring Festival holiday, international oil prices hit a new high since 2016 under many favorable conditions. In the past week, they have risen more than once, reaching the 100 yuan mark. Affected by this, China’s oil price will probably rise, or usher in “four consecutive rises”.
Zhongtai Securities Co.Ltd(600918) believes that the recent geopolitical uncertainty and supply concerns support the high oil price. According to the latest EIA data, as of the week of February 4, crude oil inventories fell by 4.8 million barrels to 410.4 million barrels, the lowest commercial inventory level since October 2018. Previously, the market expected crude oil inventories to increase. Again capital said that gasoline demand has rebounded significantly, the impact of the Omicron variant has passed, and travel demand has recovered. Refineries increased production, resulting in a decline in crude oil inventories.
The agency further analyzed that the supply side disturbance under the current extremely low inventory will make the elasticity of oil prices more obvious. It is not ruled out that there is still room for crude oil to rise under the supply side disturbance. In addition, we need to pay attention to the possibility of Iranian crude oil returning to the market and the possibility of the Federal Reserve raising interest rates, or bring some pressure on oil prices in the medium term. Crude oil prices have reached a new high, global capital expenditure has warmed up, and the leaders in the oil service industry have fully benefited. Pay attention to China Oilfield Services Limited(601808) ; The rise of oil prices has driven the increase and expansion of chemical products prices. Among them, private large-scale refining has fully benefited, focusing on Rongsheng Petro Chemical Co.Ltd(002493) , Hengli Petrochemical Co.Ltd(600346) , Jiangsu Eastern Shenghong Co.Ltd(000301) , Hengyi Petrochemical Co.Ltd(000703) , while the relevant industrial chain represented by PTA polyester filament is expected to be driven by cost demand, focusing on Tongkun Group Co.Ltd(601233) , Xinfengming Group Co.Ltd(603225) .
several cement clinker enterprises sent price adjustment letters to allocate the cement sector
According to China cement network, after the Spring Festival, the prices of clinker in the Yangtze River Delta and Pearl River Delta have risen one after another, and many enterprises have issued price adjustment letters.
On February 7, the price of clinker along the river in Anhui increased by 30 yuan / ton; On February 11, eastern Guangdong raised the clinker price by 30 yuan / ton, and several cement enterprises in Yunnan notified to raise the price of various types of cement by 50 yuan / ton.
Shengang Securities believes that the cement market is still in its early stage and looks forward to a long rise. Looking back on the market after the Spring Festival over the years, the rise of cement has almost never been absent, and the rise continues for 5 weeks and 18 weeks. In the current macro environment, the allocation value of the cement sector is prominent for the following three reasons: steady growth is gradually realized under the support of wide credit, giving the cement sector valuation flexibility; Cement has the attribute of low value and high dividend, which belongs to the current market style preference and has the margin of safety; From the perspective of fundamentals, the supply side constraints in the first quarter made the industry environment more stable.
Western Securities Co.Ltd(002673) said that the social financing and credit data in January exceeded expectations, and the broad credit expectation was implemented. The accelerated investment of social finance and other funds has raised the expected temperature of the landing of physical workload, which has a strong support for the demand for infrastructure cement. At the same time, due to the influence of policies, low-carbon requirements, energy consumption restrictions, weak supply, the total production capacity continues to be controlled, the mainstream market price is expected to remain strong, and the industrial efficiency may continue to remain stable. It is recommended to pay attention to Anhui Conch Cement Company Limited(600585) , Huaxin Cement Co.Ltd(600801) .
the valuation may have been adjusted in place. 10 billion fund managers are bullish on consumer stocks
With the continuous adjustment of the consumer sector, the overall performance of consumer theme funds was poor last year, and many funds fell by more than 10%. Since this year, the A-share market has fluctuated sharply, and the consumer theme fund has continued to adjust. Standing at the current time point, can the consumer sector usher in a reversal this year? How do 10 billion fund managers view investment opportunities in the consumer sector? How should investors choose?
Many 10 billion fund managers believe that the trend of upgrading the consumption structure and concentrating the industry share to high-quality leading companies is more obvious. With the weakening of the disturbance effect of covid-19 pneumonia, the increase of residents’ income and marginal consumption propensity, and the valuation of the consumer industry has been at a reasonable level, the consumer sector is expected to usher in investment opportunities this year.
from multiple perspectives, the capital holdings of low-end high growth stocks increased by more than 5 billion
The recent performance of growth stocks is significantly weaker than that of value stocks. Statistics show that the gem index, which mainly represents growth stocks, fell by more than 17% during the year, and the Shanghai 50 index, which mainly represents value stocks, fell by less than 5%. Market participants believe that the Fed’s expectation of raising interest rates has dampened the performance of growth stocks.
Judging from the increase of net profit in performance forecast last year, Shenzhen Dynanonic Co.Ltd(300769) , China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Meig Smart Technology Co.Ltd(002881) and other 21 stocks exceeded 100% in advance. Among them, Shenzhen Dynanonic Co.Ltd(300769) is expected to have a net profit of 760 million yuan to 830 million yuan, significantly reversing losses. Huachuang Securities believes that the performance of Shenzhen Dynanonic Co.Ltd(300769) has significantly exceeded expectations. It is expected that the net profit attributable to the parent company from 2021 to 2023 will be 776 million yuan, 1.525 billion yuan and 2.173 billion yuan respectively.
From the average growth rate of net profit this year and next year, Tianqi Lithium Corporation(002466) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Hunan Zhongke Electric Co.Ltd(300035) , Guangdong Jiayuan Technology Co.Ltd(688388) and other stocks all exceeded 70%. Among them, Tianqi Lithium Corporation(002466) institutions unanimously predict that the growth rate of net profit this year will exceed 254%, the growth rate next year will exceed 33%, and the average growth rate will exceed 144%.
