Today (February 15), the three major A-share stock indexes rose or fell at the opening. After the shock consolidation at the beginning of the trading, the stock index rose rapidly, and then maintained a high shock. The performance of the gem index and the Shenzhen Component Index was significantly stronger than that of the Shanghai index.
From the disk point of view, the market of “drinking and taking medicine” is booming again, theme stocks have become the protagonists, the industry and concept sectors have increased more or decreased less, and the local profit-making effect is prominent. Among them, the architectural decoration sector is active again. As of noon press release, Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) “20cm” limit, Zhejiang Construction Investment Group Co.Ltd(002761) , China Zhonghua Geotechnical Engineering Group Co.Ltd(002542) , Shanghai Trendzone Holdings Group Co.Ltd(603030) , Zhengping Road & Bridge Construction Co.Ltd(603843) , Hangzhou Landscaping Co.Ltd(605303) , Zhejiang Communications Technology Co.Ltd(002061) limit, etc.
At present, under the background of scattered A-share hotspots and intensified sector rotation, possible investment opportunities are hidden. Select some institutional research reports. Let’s see what themes are available for reference.
[theme I ] architectural decoration
According to China Galaxy Securities Co.Ltd(601881) securities, the building materials industry will mainly focus on the following investment directions in 2022: (1) the leading consumer building materials enterprises benefiting from the improvement of industry concentration: Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) , Guangdong Kinlong Hardware Products Co.Ltd(002791) , Zhejiang Weixing New Building Materials Co.Ltd(002372) , ad shares. (2) Glass fiber faucet benefiting from the increase of wind power demand: China Jushi Co.Ltd(600176) . (3) Glass faucets with multi business layout Zhuzhou Kibing Group Co.Ltd(601636) , Csg Holding Co.Ltd(000012) . (4) Regional leaders of cement industry Huaxin Cement Co.Ltd(600801) , Gansu Shangfeng Cement Co.Ltd(000672) benefiting from the recovery of infrastructure investment. (5) The production capacity of high-purity quartz sand is Jiangsu Pacific Quartz Co.Ltd(603688) . (6) Benefiting from the increased demand for ceramic fibers Luyang Energy-Saving Materials Co.Ltd(002088) .
In addition, Sealand Securities Co.Ltd(000750) pointed out that BIPV is an important development direction of green buildings. The 14th five year plan clearly proposed to accelerate the development of non fossil energy, adhere to both centralized and distributed development, and vigorously improve the scale of wind power and photovoltaic power generation. Prefabricated buildings are in line with the development direction of green buildings. The central government and provinces and cities continue to issue policies to promote the penetration of prefabricated buildings. The aging trend of construction workers is obvious, and the labor cost is also increasing. Prefabricated buildings have obvious advantages over traditional cast-in-place buildings in terms of labor cost. Focus on Anhui Honglu Steel Construction(Group) Co.Ltd(002541) , Hangxiao Steel Structure Co.Ltd(600477) , Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Yuanda housing and workers.
Guosheng securities mentioned that according to the short-term real estate data, the new construction and sales remain weak, and the completion remains resilient. In the follow-up, it is expected that the pressure on the demand side will still be reflected. On the profit side, the pressure on the cost side is expected to be relieved with the price transmission, product structure adjustment and the decline of raw material prices; At the valuation level, most consumer building materials targets are already in the lower limit of the historical valuation range, and the valuation repair needs to continuously track the marginal changes of policies. At the same time, several companies recently issued performance forecasts and made bad debt provision for overdue accounts receivable of real estate customers. It is expected that the provision is relatively sufficient, and the credit risk previously feared by the market has been released, Under the tone of maintaining stability, the real estate policy is expected to be phased marginal easing, and pay attention to the repair opportunities of building materials valuation in the post real estate cycle. []
[theme two ] Baijiu
Soochow Securities Co.Ltd(601555) pointed out that the Spring Festival Baijiu sales meeting market expectations. The high-end wine dynamic sales are stable and the gift giving scene is rigid; The secondary high-end dynamic sales are stable, the price is stable and the inventory is low. The resumption of banquet scene also has a positive impact on the secondary high-end demand. In addition, benefiting from the recovery of consumption scenarios, it will also accelerate the upgrading of consumption. The consumption atmosphere of local liquor is better than that in 2021. The consumption upgrading of Hui liquor and Su liquor and the performance of dynamic sales in the Spring Festival are more prominent. Long term consumption upgrading will continue to promote the structural differentiation of Baijiu industry, and focus on high-end products and famous brand products. The recovery of consumption scenarios will have a certain role in promoting the determination of the high-end Baijiu and the flexibility of the high-end liquor and regional liquor.
Citic Securities Company Limited(600030) said that the market is more rational for the Baijiu selling liquor in the Spring Festival. A callback year ago has basically released the relative negative sentiment of the market for selling in the rush season. Tracking shows that Baijiu sales performance has been stable during the Spring Festival season, and market sentiment is expected to gradually warm up. At present, the high-end Baijiu Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) and Luzhou Laojiao Co.Ltd(000568) are still the first to be promoted. Pay attention to the opportunities of local wine and marginal changes of secondary high-end, and recommend Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) .
China Baijiu securities company said that China’s economic development is steady and the trend of consumption upgrading is continuing. The per capita disposable income and high net worth population increase steadily. The demand for Baijiu, especially high-end and secondary high-end liquor, is definite in Qianhai. Baijiu Baijiu Baijiu Baijiu is a highly differentiated wine industry. The high-end liquor has improved its brand strength and performance through raising prices, while the second high-end liquor enjoys the blank price band after the high-end Baijiu price rises. The upgrading of the secondary and high-end liquor products has the growth space of volume and price rising. Under the promotion of the strategy of upgrading products and selling the whole nation, the industry of high-end Baijiu has continued to improve. []
[theme III ] traditional Chinese medicine
Hongta Securities Co.Ltd(601236) believes that China’s medical reform will enter the deep-water area in the next three years, and the core direction of the reform is the “county-level medical system”. With the comprehensive promotion of county-level medical consortia and DRG / dips, the profit model of medical institutions and the salary accounting of medical staff will be subversive, and the equipment procurement intention of new medical infrastructure will be inclined to domestic medical equipment with high cost performance. It is suggested to pay attention to medical equipment consumables that meet the clinical needs of primary medical treatment, such as some portable medical diagnostic equipment.
In addition, the pilot of traditional Chinese medicine formula granules was liberalized and incorporated into the management of traditional Chinese medicine decoction pieces. At the same time, the DRG / dips policy of short-term immunization was implemented. In the national promotion of graded diagnosis and treatment, the position of traditional Chinese medicine in primary medical treatment has been clarified. We believe that the development direction of traditional Chinese medicine in the later stage of medical reform will be in primary medical treatment. It is suggested to pay attention to the leading enterprises of traditional Chinese medicine with mature grass-roots sales system and traditional Chinese medicine enterprises with control over traditional Chinese medicine resources.
Soochow Securities Co.Ltd(601555) pointed out that the investment logic of the four traditional Chinese medicine industries: 1) the State Council, the State Food and Drug Administration and the medical insurance bureau issued documents strongly supporting the traditional Chinese medicine industry, which is facing a golden period of development; 2) Traditional Chinese medicine has natural advantages in the treatment of chronic diseases and no diseases. Under the background of aging and consumption upgrading, the consumption attribute of traditional Chinese medicine promotes its rapid and large-scale consumption; 3) The increase of national standards, the rise of the price of traditional Chinese medicine decoction pieces, and the increase of the price of traditional Chinese medicine formula granules and OTC products led to the increase of gross profit margin; 4) The sector has not risen for many years, which is characterized by low valuation, low position and good chip structure.
The agency further analyzed and suggested to pay attention to the following subjects: 1) traditional Chinese medicine formula particles, and suggested to pay attention to Chinese traditional Chinese medicine, China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , Tianjin Chase Sun Pharmaceutical Co.Ltd(300026) ; 2) OTC traditional Chinese medicine, it is recommended to pay attention to Beijing Tongrentang Co.Ltd(600085) , Chongqing Taiji Industry (Group) Co.Ltd(600129) , Hubei Jumpcan Pharmaceutical Co.Ltd(600566) , Zhejiang Conba Pharmaceutical Co.Ltd(600572) , Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) ; 3) Innovative prescription drugs, it is recommended to pay attention to Zhejiang Jolly Pharmaceutical Co.Ltd(300181) , Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) , Jiangsu Kanion Pharmaceutical Co.Ltd(600557) , etc. []
[theme four ] cultural media
Bing dwen dwen pointed out that the “ice pier pier” is hot to verify the value of sports IP and is concerned about the driving effect of the Winter Olympic Games on the IP industry chain. After Bing dwen dwen Bing dwen dwen, the Wuxi Online Offline Communication Information Technology Co.Ltd(300959) , “the” ice block pier “,” the Beijing Olympic Games “will be further expanded to the Winter Olympic Games. The icy pier will also be successful in the Olympic Games, and the ICU pier will be a phenomenal IP based on its favorite image, proving the commercial potential of the sports IP in the Olympic Games. The IP is also a” hot spot “.
Bing dwen dwen is a supplier of Bing dwen dwen, Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) ‘s performance or fully benefit from the continued selling of ice pier. Shanghai Yaoji Technology Co.Ltd(002605) through strategic investment, card hobby lays out the star card issuance and trading business, or benefits from the star IP effect to open up new growth space. There will also be local competitions such as the Hangzhou Asian Games in 2022, which may further drive the sports IP industry chain and the sales of sports shoes, clothing and equipment. We suggest to continue to lay out the industrial chain of the Winter Olympics and actively pay attention to the driving effect of the Winter Olympics on the sports IP industrial chain. Highlight Shanghai Yaoji Technology Co.Ltd(002605) , Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) , and benefit targets include Cultural Investment Holdings Co.Ltd(600715) , Sumavision Technologies Co.Ltd(300079) , Shuhua Sports Co.Ltd(605299) , Hangzhou Electronic Soul Network Technology Co.Ltd(603258) .
In addition, Caixin securities mentioned that it is suggested to grasp the following main investment lines in the follow-up: 1) in the game sector, the valuation is at a historical low, the new products are launched to provide short-term performance support, the long-term trend of going to sea is established, the follow-up attention is paid to the restart rhythm of the version number, and Wuhu 37 Interactive Entertainment Network Technology Group Co.Ltd(002555) , Perfect World Co.Ltd(002624) , G-Bits Network Technology(Xiamen)Co.Ltd(603444) are recommended. 2) In the film and television sector, with the advent of the Spring Festival and the increase of public viewing demand, we focus on the leading cinemas with steadily increasing market share and the high-quality content supply companies that reserve films. We recommend Wanda Film Holding Co.Ltd(002739) , Beijing Enlight Media Co.Ltd(300251) . In the field of video, the rectification of culture and entertainment has basically come to an end. State owned enterprises have more advantages in carrying forward traditional culture and grasping the main line of content creation. They pay attention to the high-quality and scarce A-share Internet video platform and recommend Mango Excellent Media Co.Ltd(300413) . 3) the hot-selling mascots of the Winter Olympic Games are in short supply, which is expected to help the performance growth of relevant licensed production and retailers in 2022, focusing on Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) .
Bing dwen dwen said Bing dwen dwen Bing dwen dwen Bing dwen dwen, the new winter special mascot, is now on sale, with the price of 180 yuan for the new 20cm special edition of the ice pier pier, the price of ice pier pier plush toy (20cm) at 192 yuan, and the ice pier pier swing for sale. The three main lines of the “AI application trend” of China Central Radio in the field of Winter Olympic news and the “AI application trend” of China Central Radio should be paid attention to. []
