Today (February 16), the Shanghai and Shenzhen stock markets showed a shock pattern as a whole. The three major A-share indexes differentiated after opening higher in the morning, and the rebound pattern of the Shanghai index was obvious, while the gem index and the Shenzhen component index plunged and weakened for a time. With the support of large infrastructure, the three indexes ushered in a rebound resonance. Unfortunately, the Shenzhen Component Index and the gem index gradually fell in the afternoon. Fortunately, the overall performance of the Shanghai index was relatively strong, fluctuated at a high level throughout the day, and finally closed in the red market. On the disk, large infrastructure led the two cities, and covid-19 drugs, sports industry, NFT concept, computational power concept, rare earth permanent magnet and other sectors also performed well.
In this regard, Shanxi Securities Co.Ltd(002500) previously mentioned that at present, the high-low switching in the rotation of the market sector is more frequent, the track growth stocks have staged counterattack, and the stable growth chain is mostly strong. On the whole, we are still optimistic about the performance of value blue chips in the short term against the background of loose liquidity and the rise of a variety of uncertain risks overseas.
sector:
I. covid-19 drug
AVIC securities mentioned that with the confirmation of the end of economic policy and the arrival of a new round of stable growth cycle, we believe that the focus of market repair may continue to focus on sectors with marginal improvement and valuation repair logic. At the time point when valuation switching is gradually approaching, the layout in advance needs to pay particular attention to the sustainability of marginal improvement and growth. From the perspective of valuation, the pharmaceutical industry is currently at a historical low valuation. The market has been worried that the suppression of the price segment by centralized purchase and medical insurance negotiation will change the growth attribute of the pharmaceutical industry. We believe that the logic of long-term and stable growth of the pharmaceutical industry remains unchanged when the demand is determined. In the long run, with the continuous promotion of the procurement of drugs and consumables, enterprises with high safety margin, strong innovation ability, rich product pipelines and good competition pattern are expected to continue to benefit in the long cycle. It is suggested to continue to focus on the layout of innovative drug industry chain, high-end medical devices, medical services and medical consumption, and tap second-line blue chips with relatively low valuation.
Orient Securities Company Limited(600958) said that with the approval of Pfizer specific drugs, the normalization of the epidemic situation in China will become a trend. In the long run, China's prevention and control policies are expected to be relaxed. At present, overseas countries have maintained an open attitude towards the epidemic. Considering that the main active component of paxlovid has the same antiviral effect on mutant strains in vitro and has curative effect on Omicron and other mutant strains, paxlovid can be taken orally as a small molecule drug, and the treatment method is convenient and controllable. We believe that China's prevention and control policy is expected to be gradually relaxed under the premise of order, and opening the door to the country will be the trend in the long run.
The agency further analyzed that the localization of specific drugs is worth looking forward to, and the changes of related industries are worth paying attention to. On the one hand, covid-19 specific drugs have huge market prospects in China. Paxlovid has been approved or authorized for emergency use in more than 10 countries around the world, and the production capacity can not meet all the markets. Moreover, covid-19 drugs are of strategic importance. It is worth looking forward to the localization of covid-19 specific drugs, and the small molecule pipeline under research is expected to accelerate its listing through emergency approval; Chinese enterprises with R & D capability and API integration will benefit. The approval of oral covid-19 specific drugs is expected to accelerate the R & D of small molecule specific drugs in China. On the other hand, Pfizer's paxlovid needs a large number of APIs such as carbonic anhydride, which is good for Chinese api companies, such as Aba Chemicals Corporation(300261) , Jinghua Pharmaceutical Group Co.Ltd(002349) . Some Chinese cdmo enterprises have obtained relevant production orders, such as Porton Pharma Solutions Ltd(300363) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) . It is expected that with the further expansion of production capacity, relevant cdmo enterprises are still expected to benefit.
From the perspective of investment suggestions and investment targets, it is recommended to focus on: Shanghai Junshi Biosciences Co.Ltd(688180) - u, Aba Chemicals Corporation(300261) , Jinghua Pharmaceutical Group Co.Ltd(002349) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Porton Pharma Solutions Ltd(300363) , Brightgene Bio-Medical Technology Co.Ltd(688166) , Apeloa Pharmaceutical Co.Ltd(000739) and other companies.
II. Sports industry
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 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. China Central Radio has added "CCTV news sign language AI anchor" to broadcast the event news. Under the development trend of meta universe, the application of new technologies in the Winter Olympics deserves attention. It is suggested to pay attention to three main investment lines in the field of media and Internet.
Shanxi Securities Co.Ltd(002500) believes that the consumption demand of China's sports industry has gradually shifted from physical consumption such as traditional sports clothing and sports equipment to service-oriented consumption such as event tickets and fitness training. Sports + tourism has become an important part of sports consumption. We rank the sports related sub industries according to the degree to which the sports industry is affected by the epidemic: holding of sports events > stadium operation > comprehensive sports services > sales of Sports Equipment > sales of sports clothing > sports training. In 2025, the total scale of China's sports industry will strive to exceed 5 trillion yuan. As a long-term project, the Winter Olympic Games will become an important catalyst for the rise of ice and snow sports industry. Driven by the Beijing Winter Olympic Games, relevant events marketing, sales of surrounding derivatives and other activities will be carried out gradually. Relevant companies in the industrial chain may enter the performance cashing period. It is suggested to continue to pay attention to the opportunities brought by the recovery of sports sector and offline recreational and sports activities. It is suggested to pay attention to: China Sports Industry Group Co.Ltd(600158) , Lander Sports Development Co.Ltd(000558) , Shuhua sports, Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) and other sports and Winter Olympic concept related companies.
New era securities mentioned that the Winter Olympics led the annual sports industry investment opportunities, paid attention to sports equipment and sports service events, and franchised products. On February 4, 2022, the Beijing Winter Olympics opened to drive relevant sports consumption. Among them, Bing dwen dwen, the Winter Olympic franchise, is hot and the world is in short supply. Consumers are everywhere, and relevant manufacturers start to supply supplementary supplies. For the sports industry, we believe that with the development of China's economy and the policy guidance of the national sports industry, it should be laid out as one of the main investment lines in 2022. The first is sports related clothing, benefiting from Anta sports, Li Ning, etc; Second, service providers such as sports equipment and facilities, benefiting from Shuhua Sports Co.Ltd(605299) , Bingshan Refrigeration & Heat Transfer Technologies Co.Ltd(000530) , Jiangsu Jinling Sports Equipment Co.Ltd(300651) , China Sports Industry Group Co.Ltd(600158) ; The third is the providers of sports related event operation and marketing copyrights and franchised products, which benefit from Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) , Profit Cultural & Creative Group Co.Ltd(300640) , Wuhan Ddmc Culture & Sports Co.Ltd(600136) , Rastar Group(300043) , Hangzhou Electronic Soul Network Technology Co.Ltd(603258) , Shanghai Lisheng Racing Co.Ltd(002858) , Beijing Fengshangshiji Culture Media Co.Ltd(300860) , Hylink Digital Solution Co.Ltd(603825) .
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