Index
On February 14, 2022, the Shanghai Composite Index closed at 3428.88 points, down 0.98%; The Shenzhen composite index closed at 13123.2 points, down 0.76%; The coal industry index closed at 2595.69 points, down 1.19%. The top three companies are: Shan Xi Hua Yang Group New Energy Co.Ltd(600348) , Shanxi Lanhua Sci-Tech Venture Co.Ltd(600123) , Shanghai Topcare Medical Services Co.Ltd(600532) . The non-ferrous metals index closed at 5513.51 points, up 2.98%. The top three companies are: Innuovo Technology Co.Ltd(000795) , Anhui Xinbo Aluminum Co.Ltd(003038) , Western Region Gold Co.Ltd(601069) .
Comments
Gold jewelry themes rose higher. Although the current market expectations for the fed to raise interest rates are rising, due to the near zero interest rates in Japan and Europe, and the marginal effect of monetary tightening to deal with inflation is expected to be stronger than that in the United States, the overall negative effect on gold prices is relatively limited. In addition, geopolitical tensions in Ukraine have also enhanced the safe haven attribute of gold. Under the influence of many factors, Comex gold price has reached above US $1850. Looking forward to the future, the market is less sensitive to the Fed’s interest rate hike, the strength of the US dollar and the pressure on gold prices may be limited, and under the background of increased inflation and market volatility, the risk aversion attribute of gold may appear, and gold may still have upward momentum. In the long run, gold is still favored by investors as an anti inflation tool, and the theme of gold jewelry is expected to usher in a new wave of opportunities. As the leading enterprises opened stores against the trend during the epidemic period, they seized the market by seizing channels, upgrading brands and developing new products, and continued to be optimistic about the leading enterprises of gold and jewelry with increased share. Related subjects: Western Region Gold Co.Ltd(601069) , China National Gold Group Gold Jewellery Co.Ltd(600916) , Shandong Gold Mining Co.Ltd(600547) . Lithium minerals and rare earths led the rise. In terms of rare earths, the current trend of duality of rare earth resources in China is obvious, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) focuses on light rare earths and China rare earth group focuses on medium and heavy rare earths. In view of the increasing supply of overseas resources, China’s supply has become the main guarantee for new global demand. With the formation of more centralized and orderly supply management in the future, rare earth prices are expected to continue to rise, and the growth attribute of rare earth sector exceeds the cyclical attribute. In terms of lithium ore, lithium is still in the stage of inventory removal, and the boom remains high; Looking back on history, it is expected that the sector market is not over yet. It is suggested to pay attention to enterprises with “resource guarantee + lithium salt production capacity”. Related subjects: China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , China Minmetals Rare Earth Co.Ltd(000831) , Tianqi Lithium Corporation(002466) .
Industry dynamics
The notice on strengthening the guarantee of energy consumption and coal indicators to support the construction of major projects (hereinafter referred to as the notice) recently issued by Henan Provincial Development and Reform Commission proposes that raw coal will not be included in the assessment of total coal consumption control. (China Energy Network)
Company dynamics
China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) (600111): China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) issued a performance pre increase announcement. It is estimated that the net profit attributable to the parent company will reach 4900623500 yuan to 5060623500 yuan in 2021, an increase of 488.58% to 507.79%.
Risk tip: the macro economy is less than expected and the downstream demand for rare earth is less than expected.
