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liquor stocks rose Shede Spirits Co.Ltd(600702) and so on Kweichow Moutai Co.Ltd(600519) returned to the top of 1900 yuan
Alcohol stocks rose in intraday trading on the 15th. As of press time, Gansu Huangtai Wine-Marketing Industry Co.Ltd(000995) rose by the limit, Shede Spirits Co.Ltd(600702) , Jiugui Liquor Co.Ltd(000799) and other gains were ahead, Kweichow Moutai Co.Ltd(600519) once rose about 2% to return to above 1900 yuan. Some analysts pointed out that Baijiu sales before and after the Spring Festival were plain, but better than the pessimism expectations before the festival. Pre Baijiu sector fell sharply, valuing price performance again appeared.
Financial letter Securities believes that the current position of Baijiu sector can be more positive. At present, the biggest difficulty faced by the industry is that the macroeconomic downturn affects the consumption capacity, while at the industry level, the price and inventory of famous wines are healthy, and the industry order is improving. Looking forward to the future, (1) the impact of the epidemic is gradually passivated, epidemic prevention policies are more flexible, and the scope of limited consumption scenarios will be further reduced; (2) With the recovery of macro-economic growth, the development trend is relatively stable. At present, the fundamentals of the industry are mainly stable, and it is expected to strengthen again with the recovery of macro viewing attitude in the future. However, due to the uncertainty of the recovery speed of consumption capacity, the weak demand period may continue for some time. This stage especially tests the channel price and inventory control ability of wine enterprises, and the winery needs to balance the volume and price.
The agency said that the current Baijiu sector investment should enhance the importance of certainty for performance. The demand for high-end Baijiu is relatively resilience, while the large single product, Pu five, and national cellar 1573 are not many alternatives to the price belt of their representatives. Meanwhile, the internal governance and channel control capabilities of wine enterprises are all improving. The certainty of achieving steady growth this year is still strong, and recommend Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) and Luzhou Laojiao Co.Ltd(000568) . The sub high-end liquor enterprises will continue the trend of differentiation and further focus on brands. The sub high-end liquor enterprises with strong channel control ability, stable channel profits and continuous promotion of brand construction can accelerate the harvest of market share and support the certainty of performance, focusing on Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) and Anhui Gujing Distillery Company Limited(000596) . In addition, the sub high-end of some leading real estate liquor companies is also worthy of attention. At present, the growth of leading real estate liquor companies mainly depends on deep cultivation of the base market. Companies with more in-depth channel construction in the province are expected to achieve further growth in sales. Leading real estate liquor companies with obvious consumption upgrading trend in the provincial market are expected to show stronger growth and pay attention to Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) , Anhui Yingjia Distillery Co.Ltd(603198) .
the stock price of covid-19 drug concept rose sharply Aba Chemicals Corporation(300261) and Porton Pharma Solutions Ltd(300363) attention letter
Pfizer won a large purchase order of US $681 million, Porton Pharma Solutions Ltd(300363) opened yesterday and raised the limit. Today, it rose strongly again, once up nearly 15%. Porton Pharma Solutions Ltd(300363) on February 11, it was announced that recently, the company received from multinational pharmaceutical company Pfizer Inc. (hereinafter referred to as “Pfizer”) will provide contract customized R & D and production (cdmo) services for the new batch of purchase orders of Pfizer Ireland pharmaceuticals. As of the disclosure date of the announcement, the total amount of newly obtained orders was 681 million US dollars, exceeding 50% of the audited operating revenue of the company in the latest fiscal year.
In response to this matter, the Shenzhen Stock Exchange issued a letter of concern to Porton Pharma Solutions Ltd(300363) on February 14, asking the company to supplement the specific name and amount of the products or services corresponding to the above order, the purpose or indication of the corresponding products, whether they are related to covid-19 therapeutic drugs, the company’s performance of review procedures and information disclosure obligations, combined with the company’s existing capacity scale, capacity utilization, production and marketing Supporting process flow, patented technology and sources, raw material supply, market competition pattern, and current contract performance progress, indicating whether the company’s existing production capacity can meet the customer’s order delivery demand, whether there is a risk of failure to deliver in time, and whether the relevant production capacity planning will have a significant adverse impact on the company’s existing production, operation and performance.
The previous 4x Bull Stock Aba Chemicals Corporation(300261) also raised the limit of “20cm” yesterday. Today, it once soared by more than 9%, and then the rise fell back. On the news side, on February 14, the Shenzhen Stock Exchange also issued a letter of concern to Aba Chemicals Corporation(300261) . According to the letter of concern, some investors mentioned in their recent complaints about Aba Chemicals Corporation(300261) that the company has applied for the project of 50 tons of parovid API per year, 500 tons of caronic anhydride intermediate, 300 tons of azabicyclohexamarane and other projects, which have been approved, but the company did not disclose the relevant information.
In this regard, Shenzhen stock exchange requires to explain whether the company has applied for projects with an annual output of 50 tons of palovide API, 500 tons of caronic anhydride intermediate, 300 tons of azabicyclohexane and other projects, and has obtained the approval of the project is true. At the same time, in combination with the specific situation of the project, explain the reasons why the project name involves palovide API, Caron anhydride intermediate and azabicyclohexane, and whether it is related to Pfizer covid-19 oral drug palovide. If so, please explain the specific relevance and judgment basis. At the same time, in combination with the above reply, explain whether the company’s application for the project belongs to the major information that should be disclosed in accordance with the gem stock listing rules (revised in December 2020) of Shenzhen Stock Exchange, whether there is any undisclosed situation that should be disclosed, and whether there is any situation that uses the project application to cater to the hot spots of the market.
At the same time, the Shenzhen Stock Exchange also requires Aba Chemicals Corporation(300261) to explain the main direct and indirect customers, capacity and capacity utilization, monthly production and sales volume, monthly sales volume, on-hand orders, specific purposes, etc. of the company’s carbonic anhydride products up to now, and to explain whether there are major changes compared with the information disclosed in the previous period and the specific impact of relevant changes on the company’s operating performance, And fully prompt relevant risks.
cultivate collective soaring institutions of diamond concept stocks: the high-quality growth track has just started
In the morning trading on February 15, the concept of cultivating diamonds strengthened, Mclon Jewellery Co.Ltd(300945) led, Henan Liliang Diamond Co.Ltd(301071) , North Industries Group Red Arrow Co.Ltd(000519) , Henan Huanghe Whirlwind Co.Ltd(600172) , Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) , Sf Diamond Co.Ltd(300179) all rose ahead. In terms of news, in the case of high natural diamond prices, the cultivated diamond market has developed rapidly in recent two years, and the performance of relevant listed companies has also begun to improve and rise. Henan Huanghe Whirlwind Co.Ltd(600172) released the performance forecast for 2021. It is estimated that the net profit attributable to the parent company will be 41 million yuan in the whole year. Compared with the same period of the previous year, the operating performance in 2021 will turn losses into profits. According to the 2021 annual performance forecast, the company expects to realize a net profit of 232 million yuan to 245 million yuan in 2021, with a year-on-year increase of 217.14% – 234.95%.
Dongguan Securities pointed out that in recent years, the penetration rate of global diamond cultivation has increased rapidly. With the continuous improvement of synthetic technology and the cognitive acceptance of the younger generation of consumers, the development of the diamond industry will become more and more mature, and there is a huge space for development in the future. China is the world’s largest producer of cultivated diamonds, mainly using HPHT production method. At present, there are relatively mature enterprises in the upstream core profit link of cultivated diamonds, and the upstream competition pattern is relatively stable, while the downstream brand has not yet formed a mature listed company. Looking forward to the future, domestic cultivated diamond brands are expected to rise.
Northeast Securities Co.Ltd(000686) believes that the development of quality diamonds has just started in terms of cultivating diamonds. Low penetration and cost-effective advantages are clearly expected to open the jewelry waist market with price. Under the same price, “bigger carat” is expected to realize the escalation of carat freestyle consumption in the mid low end wedding market, and the jewelry giants such as Yu Garden and SWAROVSKI will continue to enter the industry with a high degree of prosperity. At present, the supply side continues to be in short supply, the technology renewal iteration of manufacturers continues, and the output value of single press of leading companies in the industry continues to increase.
semiconductor sector surged Giantec Semiconductor Corporation(688123) , Montage Technology Co.Ltd(688008) and so on
The semiconductor sector rose in intraday shock on the 15th, and the share prices of Giantec Semiconductor Corporation(688123) , Wuxi Taiji Industry Limited Corporation(600667) , Nations Technologies Inc(300077) , Montage Technology Co.Ltd(688008) , Dongwei semiconductors and so on rose sharply. In terms of news, the EU officially announced the chip act on February 8, which plans to significantly increase the EU’s global chip production share to 20% by 2030, aim at the chip production capacity of 2nm and below processes, strengthen the localization of supply chain, and guide talent training and regional cooperation. Meanwhile, the US House of Representatives passed the US competition act 2022 on February 4, South Korea passed the special semiconductor act on January 11, and Japan also released the emergency strengthening plan for the semiconductor industry at the end of 2021.
Boc International (China) Co.Ltd(601696) believes that major regions in the world actively put forward the bill to revitalize the local semiconductor industry, highlighting the urgent demand for semiconductors in future economic development, which will push up the ceiling of the long-term space of the semiconductor industry. With the acceleration of the digital transformation of the global economy, chips have become the core carrier of many new technologies and application scenarios, and the consumption and process complexity are increasing day by day. The European Union, the United States, South Korea, Japan, China and other countries / regions have successively launched semiconductor incentive measures to increase the market share of the region in the global semiconductor industry and try to gain the voice of the market and technology. The European Union plans to invest 43 billion euros to increase the market share of global chip production from 10% to 20% by 2030; The United States plans to invest US $52 billion to vigorously promote chip investment and expand the construction of domestic chip factories; In 2030, Japan increased the revenue of Japanese semiconductor enterprises to three times that of 2020, attracting new factories to Japan; South Korea will promote us $451 billion to build itself into a comprehensive semiconductor power by 2030, leading memory chips and system chips, and investing in an integrated industrial belt of industrial chains. The industrial game in various regions will continue to promote the investment in the semiconductor industry, and the global investment in the semiconductor industry will usher in a new peak.
According to ASML’s EU Chips Act Position Paper, the capacity of chips in the EU, the US and Japan has dropped significantly in the past 30 years, and the capacity of Chinese mainland and South Korea has increased significantly. Due to the self-control demand of future economic development in the semiconductor industry, all regions will actively implement the supply chain control of the semiconductor industry, so as to stimulate regional investment in the whole semiconductor industry chain.
The agency further said that the semiconductor industry was developing beyond expectations. Due to the rapid development and technological iteration of 5g, Internet of things, cloud computing, high-performance computing, automotive chips and other fields, the demand for semiconductors will be high for a long time. According to Gartner statistics, the global semiconductor revenue will be $583.5 billion in 2021. According to the latest report released by counterpoint, the semiconductor industry revenue will reach $1 trillion by 2030. In the next 10 years, the revenue of semiconductor industry will increase by about 71% and CAGR by about 6%.
rare earth price index continues to hit a record high, and relevant stocks may be concerned
According to the China Rare Earth Industry Association, the rare earth price index was 420.6 on February 14, up 17.1 points from last Friday, reaching a new high. Huabao Securities believes that on the demand side, there is strong demand in terminal areas such as wind turbines and new energy vehicles after the Spring Festival, with an increase in orders. Large magnetic material enterprises are full of orders. Although the first batch of rare earth mining indicators were issued, it coincides with the rainy season, and the mining of medium and heavy rare earth mines in the south is difficult. It is expected that the supply of medium and heavy rare earth oxides in China will not increase in the first quarter. The widening gap between supply and demand makes magnetic material enterprises have strong bullish sentiment on the price of rare earth raw materials. Some magnetic material enterprises lock prices with upstream enterprises. The contradiction in the rare earth market has changed from the contradiction of low acceptance of prices in the downstream to the contradiction of supply and demand in short supply of rare earth. The rare earth sector is expected to continue to strengthen, and it is suggested to focus on industry leading companies.
Northeast Securities Co.Ltd(000686) pointed out that from theme investment to industrial reform, we should pay attention to the historic opportunity of restructuring the valuation system of rare earth sector. 1) In the long run, the valuation system of rare earth sector may face reconstruction under industrial reform. At present, rare earths can be compared with lithium in 2015-2016 and cobalt in 2018. The upstream material properties of new energy are gradually strengthened, and it is expected to reproduce the logic of high demand for lithium and cobalt in history in the future. At the same time, the characteristics of strict policy control and high concentration of industry make the supply end of rare earths even better than lithium and cobalt, and the ability to cross the cycle in the future may be stronger. The valuation system of rare earth sector is facing reconstruction. 2) In the medium term, the supply will exceed the demand in the next three years, and the prosperity of the industry is expected to continue to improve. The downstream electric vehicle track has a long slope and thick snow. At the same time, wind power, air conditioning and other fields are also blooming at many points, which will fully open the demand space for rare earth. The supply elasticity outside China is weak. It is expected that the tension between supply and demand of rare earth praseodymium and neodymium will continue in the next three years, and the prosperity of the industry is expected to continue to improve.
The agency believes that at the current time point, rare earth has changed from the resource product with the worst pattern to the resource product with the best pattern. The whole industry is ushering in an epic turning point, and the valuation system is expected to be reconstructed. With the upward movement of the rare earth price center, leading enterprises are expected to continue to realize high profits, so they should grasp the opportunity to revalue the value of rare earth core assets with pricing power. Related subjects: China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , China Minmetals Rare Earth Co.Ltd(000831) , Inner Mongolia Baotou Steel Union Co.Ltd(600010) , Shenghe Resources Holding Co.Ltd(600392) , Xiamen Tungsten Co.Ltd(600549) , etc.
Tesla sells nearly 60000 vehicles a month. The agency recommends three main lines to layout the electric vehicle sector
According to the data of the passenger Federation, the wholesale sales volume of new energy passenger vehicles reached 412000 in January, a year-on-year increase of 141.4%; The retail penetration rate of new energy vehicles in China was 16.6%, an increase of 10 percentage points year-on-year; In terms of auto enterprises, Tesla China’s wholesale sales reached 59845 vehicles.
According to Tesla’s official website, it takes 3-4 months to order model 3 / y. The production capacity problem has become the bottleneck restricting Tesla’s further rapid growth in sales. The company’s inventory sales ratio fell to a new low of four days in the fourth quarter of last year, which makes its output expansion almost equal to sales growth. At present, preparations for the construction of the third phase of Tesla Shanghai Super factory are under way, and the area will double that of the current one. Outside Shanghai, many cities have also actively extended “olive branches” to strive for the landing of Tesla’s second factory in China.
Anxin Securities pointed out that from the current performance forecast, the performance of many targets exceeded expectations. It has returned to 20x / 30x valuation in 2022. It reiterated that Xinneng is a track with high growth and high certainty. China, the United States and Europe are expected to continue to resonate, and recommended the current layout time point. In the long run, on the ten-year golden track of electric vehicles, China’s lithium battery industry chain has high growth and the investment value continues to highlight. It is suggested to over allocate the electric vehicle sector and focus on three main lines:
Main line 1: the long-term competition pattern is better and there are marginal changes in the short term. Key recommendations: Battery link Contemporary Amperex Technology Co.Limited(300750) , diaphragm link Yunnan Energy New Material Co.Ltd(002812) , thermal management Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , high voltage DC Hongfa Technology Co.Ltd(600885) , etc. it is recommended to pay attention to Xiamen Faratronic Co.Ltd(600563) , Xi’An Sinofuse Electric Co.Ltd(301031) , etc.
Main line 2: Battery 4680 technology iteration, driving the upgrading of the industrial chain. 4680 can achieve 210wh / kg at present. If high nickel 91 series and silicon-based negative electrode are used in the subsequent system, the energy density of the system may be close to 270wh / kg, which can greatly solve the problem of heat management of high nickel series. Focus on: Shenzhen Kedali Industry Co.Ltd(002850) , Suzhou Slac Precision Equipment Co.Ltd(300382) and other structural parts of large cylindrical shell; Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Beijing Easpring Material Technology Co.Ltd(300073) , Guangdong Fangyuan Environment Co.Ltd(688148) , Guizhou Zhenhua E-Chem Inc(688707) , Hunan Changyuan Lico Co.Ltd(688779) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Cngr Advanced Material Co.Ltd(300919) , Gem Co.Ltd(002340) of high nickel positive electrode; Layout lifsi’s Guangzhou Tinci Materials Technology Co.Ltd(002709) , Shenzhen Capchem Technology.Ltd(300037) and related targets in the field of carbon nanotubes.
Main line 3: look at the high boom industrial chain with tight supply and demand in 2-3 years. Focus on: diaphragm links Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) , Cangzhou Mingzhu Plastic Co.Ltd(002108) , Sinoma Science & Technology Co.Ltd(002080) ; Copper foil links Nuode Investment Co.Ltd(600110) , Guangdong Jiayuan Technology Co.Ltd(688388) , Far East Smarter Energy Co.Ltd(600869) ; Negative link Shanghai Putailai New Energy Technology Co.Ltd(603659) , Hunan Zhongke Electric Co.Ltd(300035) , Ningbo Shanshan Co.Ltd(600884) , beiteri, Shenzhen Xfh Technology Co.Ltd(300890) , etc.
