Market review of the previous week (2022.2.7-2022.2.11): the Shanghai index opened high after the festival, rose continuously for the first four days and fell back on Friday afternoon. The Shenzhen index opened high on the first day and fluctuated in the next four days. The Shanghai Composite Index rose 3.02% to close at 3462.95. The CSI 300 rose 0.82% last week to close at 4601.40. The gem fell 5.59% last week to close at 2746.38. Last week, four of the sub sectors of social services and tourism retail rose from high to low: Tourism and scenic spots (+ 13.33%), tourism retail (+ 9.14%), hotel catering (+ 9.00%), education (+ 2.61%), and professional services (- 1.33%). Last week, 25 of Shenwan (2021) 31 primary industries rose, with the top five rising in coal, petroleum and petrochemical, building decoration, building materials and steel. Among them, the social service sector rose 4.88%, ranking 14th among Shenwan’s 31 industries. The social service industry outperformed the CSI 300 index by 4.06 PCTs. China tax exemption adds airport management rights to further consolidate channel advantages; Many places have issued plans for the 14th Five Year Plan period to speed up the pace of tourism construction; Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) acquisition is a large-scale development, and the medium and high-end chain rate of the industry has increased.
Main points:
On February 8, Zhejiang Airport Group Co., Ltd. officially notified that China exemption group won the bid for the operation right of the entry and exit tax-free project of terminal T4 of Hangzhou Xiaoshan International Airport. At present, the business area of the duty-free shop of China Free Group Hangzhou Airport is 1207 square meters. The bidding area of the inbound and outbound duty-free business project of terminal T4 of Xiaoshan International Airport is about 3672.05 square meters, including 3561.05 square meters of outbound shops and 111 square meters of inbound shops. The winning of the bid will help CNAA further consolidate the channel advantages of the airport and grasp the opportunities of consumption return and internal circulation.
Many places have issued plans for the 14th Five Year Plan period to speed up the pace of tourism development: Recently, Beijing has issued an action plan for the 14th Five Year Plan period, which plans to create four 5A scenic spots and build a high-quality tourism belt of historical and cultural heritage from the south to the north. The 14th five year plan for the development of tourism in Hubei Province was released, which proposed to build Hubei into a world-famous tourism destination and strive to create 10 provincial tourism and leisure cities and 30 provincial tourism and leisure blocks. Multi place planning and guidance will accelerate the cultivation of tourism projects and create a new engine of economic growth. At the same time, the international influence of scenic spots is expected to expand and enhance the overall competitiveness.
Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) acquisition is a large-scale development, and the medium and high-end chain is the industry trend: on February 8, Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) issued a reply to the concern letter, mainly because the acquisition of Zhejiang Junlan and Jinglan hotels is conducive to the large-scale development and hotel collectivization development, and vigorously layout the medium and high-end hotel market under the leading epidemic situations such as Jinjiang and ShouLv in the announcement. The concentration of the hotel industry and the proportion of medium and high-end hotels continue to increase, and the number of medium and high-end chain hotels is expected to maintain rapid growth in the future.
Investment suggestions:
China tax exemption adds airport management rights to further consolidate channel advantages. The company won the bid for the right to operate the inbound and outbound tax exemption project of terminal T4 of Hangzhou Xiaoshan International Airport, with a bidding area of about 3672.05 square meters, which will help the company further consolidate the channel advantages of the airport and grasp the opportunities of consumption return and internal circulation. The company has high-quality growth in the medium and long term. Many places have issued plans for the 14th Five Year Plan period to speed up the pace of tourism construction. Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) acquisition is a large-scale development, and the industry is moving towards medium and high-end chain. Continue to recommend tax-free leading enterprises China Tourism Group Duty Free Corporation Limited(601888) ; Recommend Btg Hotels (Group) Co.Ltd(600258) , Shanghai Jin Jiang International Hotels Co.Ltd(600754) , China Cyts Tours Holding Co.Ltd(600138) , Songcheng Performance Development Co.Ltd(300144) , Jiangsu Tianmu Lake Tourism Co.Ltd(603136) , Lijiang tourism, Utour Group Co.Ltd(002707) , Guangzhou Lingnan Group Holdings Company Limited(000524) and other hotels, scenic spots and tourism comprehensive service targets in the logic of cultural tourism restoration; It is recommended to release Changbai Mountain Tourism Co.Ltd(603099) for the benefit of ice and snow tourism demand and Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) for the innovation of high-frequency consumption scenes and life services.
Risk tips:
Covid-19 virus epidemic situation is repeated, the industry recovery is less than expected, and the implementation and implementation of policies are less than expected.
