Come on! Big infrastructure stocks set off a daily limit Zhejiang Construction Investment Group Co.Ltd(002761) 8 day 7 board! Foreign investment banks shouted to buy Chinese stocks at the right time!

On Wednesday, the A-share market contracted and rebounded again. Although the large base construction concept stocks rose in batches and burst into vitality, the market turnover is still below trillion yuan, and the stock game characteristics are obvious, which is worrying. When Chinese institutions expressed cautious optimism, Wall Street investment banks such as Goldman Sachs and Credit Suisse shouted that it was time to buy Chinese stocks!

On Wednesday (February 16), the three major stock indexes in the A-share market continued to strengthen. As of the closing, the Shanghai Composite Index rose 0.57% to 3465.83 points, the Shenzhen Composite Index rose 0.23% to 13376.36 points, and the gem index rose 0.07% to 2818.4 points; The total turnover of Shanghai and Shenzhen stock markets was 807.1 billion yuan; The net sales of northbound funds were 1.623 billion yuan; Overall, stocks in the two cities generally rose.

Specifically, the Hangzhou Asian games sector led the rise, Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) , Hanjia Design Group Co.Ltd(300746) and other seven stocks collectively rose by the limit; The industrial motherboard sector led the rise, Hiecise Precision Equipment Co.Ltd(300809) and other stocks rose by the limit; Building decoration, prefabricated buildings, new metal materials and other sectors were active; Precious metal sector led the decline, Western Region Gold Co.Ltd(601069) fell more than 6%; Pork, chicken breeding, China shipbuilding, unmanned retail and other sectors led the decline.

Although the market has stabilized and rebounded, the transaction volume has been maintained below trillion yuan. In this regard, institutions generally said that behind the reduction, the characteristics of the stock game are obvious.

Central China Securities Co.Ltd(601375) pointed out that the structural characteristics of the market are still significant. Although the track stocks rebounded, the trading volume of the two cities failed to be effectively enlarged. The stock game characteristics are obvious. Whether the gem index can detect the periodic low point still needs to be verified. It is expected that the Shanghai index is more likely to fluctuate slightly in the short term, and the GEM market is more likely to continue to rebound in the short term. Investors are advised to wait and see for a while in the short term and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.

Everbright Securities Company Limited(601788) also believes that the previous make-up decline of heavyweights on the gem is more like the last vent of bears. After the panic, there will be a technical rebound. It should be noted that the market's capacity has not returned to its previous state, and the medium and long-term upward logic remains unchanged. However, in the short term, the market will still face the trend of front row differentiation, so we need to pay attention to the rhythm and other issues.

At the same time, he Jinlong, general manager of Meili investment of private placement institutions, believes that the economies of various countries have slowed down and trade exchanges have been reduced, and it is effective to resist the downward pressure of the economy under the implementation of monetary policies of various countries. Therefore, there is no need for investors to be overly pessimistic about the market in 2022. For the next market, the importance of choosing investment targets and strategies is becoming more and more prominent. The combination of medium and long-term trends and short-term hot spots, the rapid switching of investment style, and the income expectation should not be too high when the economy is not stable. This is also the reason why investors give more feedback that it is more difficult to invest this year.

It is noteworthy that, according to CNBC, more and more Wall Street investment banks said it was time to buy Chinese stocks! Because they expect the Chinese government to support economic growth. Kinger Lau, chief China equity strategist at Goldman Sachs, said in a report on January 23 that the MSCI China index is expected to rise 16% this year because its valuation is still lower than the 14.5 P / E target of Wall Street investment banks. Bernstein, a Wall Street investment bank, also wrote: the attractiveness of China's stock market has increased. It pointed out that the market expects the growth of new social financing in China, looser monetary policy and more attractive stock valuation compared with the rest of the world. Other factors include rare stock selection opportunities, foreign capital inflows and increasing returns

on Wednesday (February 16)

Prepared by: Zhang Ying

hot spot 1: the explosion of infrastructure concept stocks ushered in the rising tide

On Wednesday, infrastructure concept stocks rose sharply. From the perspective of shenwanyi industry, as of the close, the indexes of three industries related to infrastructure, such as building decoration, building materials and steel, were among the top gainers, with 3.2%, 1.87% and 1.74% respectively.

In terms of hot sectors, civil engineering ranked at the top of the list with an increase of 4.22%. Among them, 14 concept stocks rose by the collective limit. It is noteworthy that Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) increased by 20% for the second consecutive trading day, with a cumulative increase of 69.72% in the month. Zhejiang Construction Investment Group Co.Ltd(002761) was even more eye-catching in terms of daily limit. Seven daily limit boards were closed in the past eight trading days, with a cumulative increase of 103.58% in the month. Huitong group 20 days 15 board.

In terms of news, the executive meeting of the State Council recently stressed that we should speed up the construction of new infrastructure and expand effective investment. In fact, under the background of moderately advanced infrastructure investment, in mid December 2021, the Ministry of Finance issued 1.46 trillion yuan of new special bonds in 2022 to all localities in advance. After the Spring Festival holiday, the centralized commencement ceremony of provincial key construction projects has been held in Hubei Province, Fujian Province, Shaanxi Province and other places. "Infrastructure construction" has also become a hot word in the recent news broadcast.

In this regard, China Merchants Securities Co.Ltd(600999) believes that China's current steady growth policy is relatively intensive. The financial data in January exceeded market expectations, and infrastructure has been gradually developing. It is suggested to pay attention to the investment opportunities in the pro cyclical sector of steady growth, especially the upstream commodity stocks. Tianfeng Securities Co.Ltd(601162) said that many policies are expected to be implemented soon, and the demand for steel after the festival is expected to be released in advance. Superimposed on the current cost support, supply inhibition and demand release are imminent, and the fundamentals of the steel sector are about to recover.

hot spot 2: rare earth prices hit a record high

On Wednesday, the rare earth permanent magnet sector strengthened, Innuovo Technology Co.Ltd(000795) , Shanxi Huayang New Materialco.Ltd(600281) , Earth-Panda Advanced Magnetic Material Co.Ltd(688077) rose by more than 7%, and China Minmetals Rare Earth Co.Ltd(000831) , Sinomag Technology Co.Ltd(300835) followed.

In terms of news, the rare earth price index on February 15, 2022 was 426.8, up 6.2 points from the previous day, continuing to reach a record high.

It is reported that the total reserves of rare earth resources in the world are about 120 million tons, of which China's reserves are 44 million tons, accounting for about 37.89%, ranking first in the world. Since the Spring Festival, rare earth prices have continued to rise. China's rare earth price index rose to 426.7512 on February 15, an increase of 17.11%.

The Pacific Securities Co.Ltd(601099) Securities believes that, on the whole, the stability of rare earth prices is conducive to the sustainable development of the industrial chain, and the policy oriented trend of changing the profit distribution of the upstream and downstream of the industrial chain has also been formed. In the downstream, the leading companies of magnetic materials have high technical added value, less impact by the cost of raw materials, and have technical barriers and customer barriers. With the future capacity expansion, the concentration of advantageous enterprises is expected to be further improved.

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