According to the data released by the National Bureau of Statistics today, the CPI in January increased by 0.4% month on month from a decrease of 0.3% in the previous month, a year-on-year increase of 0.9%, falling to less than 1%; PPI rose 9.1% year-on-year, and the increase fell back, with a month on month decrease of 0.2%.
According to Ying Xiwen, a senior researcher of China China Minsheng Banking Corp.Ltd(600016) Research Institute, CPI and PPI fell at the same time in January, leaving some space for price based monetary policy. However, MLF prices were not adjusted this month, and the monetary and credit data in January exceeded expectations. The policy in February should be stable.
In terms of the market, although the overall market is still low and volatile recently, the enthusiasm for short-term funds has become increasingly high.
reflected on the disk, the number of individual stocks with daily limit is increasing continuously. since February, 88 stocks in Shanghai and Shenzhen have gained daily trading limits, which is significantly higher than the daily average of 70 stocks in January.
In early trading this morning, the short-term market was hot. According to the data, as of the noon close, 60 stocks in the two cities had stopped rising. Among them, a number of small and medium-sized capital construction stocks walked out of the board trend, which attracted market attention.
In early trading, 60 stocks in the two cities have stopped rising
CPI returned to the “zero era” year on year
from a year-on-year perspective, the CPI rose by 0.9% in January, down 0.6 percentage points from the previous month.
among them, food prices fell by 3.8%, an increase of 2.6 percentage points over the previous month, affecting the decline of CPI by about 0.72 percentage points. On a month on month basis, CPI rose by 0.4% from a 0.3% drop in the previous month. Among them, food prices increased by 1.4% from a decrease of 0.6% last month.
Ying Xiwen believes that although the festival factors promote the prices of fresh fruits and vegetables to rise by 7.2% and 3.1% month on month respectively, the increase of this part of food is still lower than the historical level of the Spring Festival due to factors such as fine weather and local Chinese new year to ensure urban supply. In addition, pork prices fell by 2.5% month on month, mainly due to the end of winter curing and the acceleration of pig slaughter before the festival.
Non food prices changed from decline to rise month on month. Dong Lijuan, Senior Statistician of the city Department of the National Bureau of statistics, analyzed that the travel before the festival increased, and the prices of air tickets, vehicle rental fees and long-distance buses increased by 12.4%, 9.8% and 5.2% month on month respectively; Affected by the return of migrant workers in some cities and the increase in service demand, the prices of domestic services, mother and child care services and hairdressing have increased.
For the future trend of CPI, the researcher of Zhixin Investment Research Institute believes that the price of fresh vegetables drops rapidly after the festival, the price of pork continues to bottom, and the CPI food price will remain negative year-on-year in February. The CPI in February is expected to be about 1.1% year-on-year.
Zheng Houcheng, director of Yingda Securities Research Institute, also said in an interview with Shanghai Securities News that the year-on-year probability of CPI in February is expected to fluctuate slightly on the basis of January.
the policy of ensuring supply and stabilizing price is effective
PPI continued to decline year-on-year
with the remarkable effect of the policy of ensuring supply and stabilizing price, PPI continued to fall. According to the data, the PPI rose 9.1% year-on-year in January, down 1.2 percentage points from the previous month, and has fallen for three consecutive months.
Dong Lijuan said that the prices of coal, steel and other industries fell in January, driving the overall decline of industrial product prices. With the vigorous promotion of the policy of ensuring supply and stabilizing prices, the prices of coal and steel continued to fall, the prices of coal mining and washing industry decreased by 3.5% month on month, and the prices of ferrous metal smelting and rolling processing industry decreased by 1.9%.
However, affected by the recovery of international crude oil prices, Petrochina Company Limited(601857) relevant industry prices have warmed up. The price of oil and natural gas exploitation industry increased by 2.6% month on month (MOM) from a decrease of 6.9% last month.
According to the analysis of Xi Wen, affected by multiple factors such as the coal ban in Indonesia, the tense situation in Ukraine and the demand growth caused by the slowdown of the epidemic, the international price of energy products represented by crude oil rose sharply. However, China’s policy of ensuring supply and stabilizing prices has been vigorously promoted, the increase of industrial products is limited, and the upstream oil price has increased under the influence of international transmission. Although the coal price increased significantly in mid and late January, it benefited from the continuous price cuts in late December last year and early January this year, and finally the average price in January still fell month on month.
Looking forward to the future, Liu Zhicheng of the Institute of market and price research of the Chinese Academy of macroeconomics said that there is a solid foundation for the stable operation of China’s prices in 2022. It is expected that the CPI will continue to rise moderately, the increase of PPI may gradually fall, and the price trend of upstream and downstream will become more coordinated.
\u3000\u3000 “Internationally, high global inflation is likely to remain for some time, but as the monetary policy of major economies shifts and the gap between supply and demand tends to narrow, international commodity prices continue to rise sharply, lack of momentum, and inflationary pressure is expected to weaken marginally. From China’s perspective, China’s economy continues to recover and develop, with sufficient supply of industrial and agricultural products and services, grain, oil, meat, eggs, milk, fruits and vegetables and other important people The supply of raw commodities is sufficient, coal, oil and gas and other basic energy resources are effectively guaranteed, and the ability to effectively deal with abnormal market price fluctuations is significantly enhanced. ” Liu Zhicheng said.
Zhejiang Construction Investment Group Co.Ltd(002761) 8 days 7 board
As the leader of the current round of capital construction stocks, Zhejiang Construction Investment Group Co.Ltd(002761) shares closed the daily limit again in early trading today. Seven daily limits were harvested in nearly eight trading days, with a range increase of 103.58%, which doubled, and the latest market value of the company rose to 17.2 billion yuan.
According to public data, Zhejiang Construction Investment Group Co.Ltd(002761) is backed by the state owned assets supervision and Administration Commission of Zhejiang Province and is mainly engaged in construction and industrial manufacturing, engineering services, infrastructure investment and operation supporting the main construction industry chain. In 2019, the reorganization of duolik absorption and merger Zhejiang construction group was unconditionally approved by the CSRC. After a series of major asset replacement and stock exchange absorption and merger, the company’s securities abbreviation was officially changed from “duolik” to ” Zhejiang Construction Investment Group Co.Ltd(002761) “.
Zhejiang Construction Investment Group Co.Ltd(002761) recently disclosed the main business conditions in the fourth quarter of 2021: in the fourth quarter of 2021, the newly signed contract amount of the company and its subsidiaries was 36.901 billion yuan, and the cumulative newly signed contract amount in 2021 was 150.023 billion yuan, an increase of 7.14% over the same period of the previous year.
Zhejiang Construction Investment Group Co.Ltd(002761) also disclosed the progress announcement on participating in the establishment of partnership and signing limited partnership agreement. The company plans to jointly invest 3 billion yuan to establish “Hangzhou finance future community development and construction partnership” with Zhejiang Financial Holding investment company and Shanghai Construction Group Co.Ltd(600170) investment to promote the future community development and construction of Zhejiang Province.
active funds are actively popular
Zhejiang regional theme superimposes the main line of infrastructure, making Zhejiang Construction Investment Group Co.Ltd(002761) popular for short-term funds.
The trading public information released by the exchange (i.e. the “dragon and tiger list”) shows that in the process of the recent sharp rise in the share price of Zhejiang Construction Investment Group Co.Ltd(002761) , the capital composition of the business department is the main driving force, and there are many old hot money seats on the list.
Take the list on February 15 as an example. On the same day Zhejiang Construction Investment Group Co.Ltd(002761) was released due to the “turnover rate of 20%”. The top five were all the business departments of securities companies.
Among them, Huaxin Securities Shanghai Branch occupied a high position of buying, and sold 14.09 million yuan while buying 24.24 million yuan on the same day. The seat has been very active in trading in recent years. In 2021, it was listed on the dragon and tiger list for 3702 times, with a total turnover of 91.884 billion yuan, ranking second among the business departments of all securities companies.
Zhejiang Construction Investment Group Co.Ltd(002761) February 15 dragon and tiger list
On the 15th, the Xiamen Hubin East Road Business Department of CICC wealth securities unilaterally bought Zhejiang Construction Investment Group Co.Ltd(002761) 19.38 million yuan, and the two seats in Lhasa of China stock market news also ranked among the top five buyers. These are the frequent customers of the dragon and tiger list in recent years.
On the selling side, old hot money seats such as Ningbo Sangtian Road Business Department of Guosheng securities and Huatai Securities Co.Ltd(601688) Shanghai Mudanjiang Road business department appeared, and the selling amount ranged from 18 million yuan to 55 million yuan, which showed that behind the rise of Zhejiang Construction Investment Group Co.Ltd(002761) share price, the game between hot money was still very fierce.
the heat of infrastructure sector does not decrease
In addition to Zhejiang Construction Investment Group Co.Ltd(002761) , many small and medium-sized capital construction stocks have been sought after by funds recently, and their share prices have risen sharply in the short term.
For example, Zhengping Road & Bridge Construction Co.Ltd(603843) recently harvested 5 connecting sectors, and the company’s main business is road and bridge engineering construction, maintenance, survey and design and other businesses; Chengbang Eco-Environment Co.Ltd(603316) recently, the company has harvested 3 connecting sectors. The company is mainly engaged in landscape engineering construction, landscape maintenance and other businesses; Poly Union Chemical Holding Group Co.Ltd(002037) in the early stage, the stock price harvested 8 boards, and the company’s main business is civil explosive products. Huitong group and Hongrun Construction Group Co.Ltd(002062) are all star varieties in the recent infrastructure sector.
on the news side, under the background of “stable growth”, the policy spring breeze of infrastructure continues.
The Ministry of housing and urban rural development recently issued the “14th five year plan” for the development of construction industry, proposing that by 2025, prefabricated buildings will account for more than 30% of new buildings; The emission of construction waste at the new construction site shall be controlled below 300 tons per 10000 square meters, and the market mechanism for the treatment and reuse of construction waste has initially taken shape. Driven by policies, prefabricated buildings usher in new development.
The current round of Zhejiang Construction Investment Group Co.Ltd(002761) led the rise, which is the first batch of prefabricated construction industrial bases in China and the demonstration enterprise promoting new construction industrialization in Zhejiang Province. According to the regular report, Zhejiang construction investment group has two national assembly industrial bases, seven national high-tech enterprises and two provincial engineering research centers.
Su duoyong, an analyst at Anxin securities, said that the increment of social finance in January exceeded expectations, the issuance of local government bonds increased, and the action force in the infrastructure sector was sufficient. In 2022, the construction industry is expected to usher in multiple development opportunities of fundamentals, policy driven and “construction +”, and the industry is in the undervalued range, with prominent investment value.
Su duoyong believes that the overall fundamentals of the construction industry are improving. Industry leaders and regional leaders benefit from the improvement of industry concentration, and the newly signed orders and performance are both growing rapidly. At the same time, the construction industry actively embraces the “new economy” and “construction +” to open up the future development space of the company. On the main line of configuration, it is suggested to actively lay out the “construction +” new business sector around the capital construction leader and the dual carbon background.
