Check the market hot spots of the week and the opportunities of nuggets in the future.
All three major A-share indexes rose this week. Specifically, the Shanghai Composite Index rose 0.80% to close at 3490.76 points; The Shenzhen Component Index rose 1.78% to close at 13459.68; The gem index rose 2.93% to close at 2826.81.
From the performance of the sector in one week, among the industry sectors, construction, mineral products, wine making, medical care and other sectors led the rise, while tourism, securities, hotel catering and other sectors led the decline; Covid-19 drug concept, lithium ore and other sectors performed strongly, while digital currency, prefabricated vegetables and other sectors led the decline.
In terms of capital flow, the main funds this week favored energy metals, brewing industry, medical services and other sectors, while significantly reduced their holdings in Internet services, securities, culture and media and other sectors; This week, northbound funds favored banks, power equipment, Siasun Robot&Automation Co.Ltd(300024) and other sectors, while significantly reduced their holdings in computer software, electronic equipment manufacturing and other sectors.
For the future, Southwest Securities Co.Ltd(600369) said that with the formation of growth expectations for 2022, the market will gradually consolidate the bottom. The real spring agitation may start from this. The market correction since the end of 2021 has been basically in place. The current position needs to be more optimistic.
Anxin securities suggested that “let the bullet fly for a while”. At present, the market is at the bottom of the strategy and does not have the conditions for systematic decline. The heart is looking for light, the dawn has appeared, and the important configuration window period in mid February has been gradually verified. Structurally, the current layout of the industrial track in the market mainly focuses on the following general directions: high prosperity (“digital intelligence”, etc.), steady growth, post epidemic repair and global inflation. The way to win a higher rate is to find flexibility in undervalued values and grasp high growth in low levels.
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[calculate from the east to the West]
On Friday, the east west concept stocks broke out, with an increase of 9.33%. As of the closing of the day, Capitalonline Date Service Co.Ltd(300846) rose by 19.99%, Guangdong Aofei Data Technology Co.Ltd(300738) rose by 17.36%, Business-Intelligence Of Oriental Nations Corporation Ltd(300166) , Beijing Sinnet Technology Co.Ltd(300383) , Jiangsu Shagang Co.Ltd(002075) , Guizhou Bc&Tv Information Network Co.Ltd(600996) all rose by more than 10%.
In terms of news, the national development and Reform Commission, the central network information office, the Ministry of industry and information technology and the National Energy Administration recently jointly issued a notice, agreeing to start the construction of National Computing hub nodes in 8 places, including Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan District, Chengdu and Chongqing, Inner Mongolia, Guizhou, Gansu and Ningxia, and planned 10 national data center clusters. So far, the overall layout design of the national integrated big data center system has been completed, and the “counting from the east to the west” project has been officially launched.
Citic Securities Company Limited(600030) pointed out that as a representative of the new infrastructure, the data center has a long industrial chain, wide coverage and strong driving effect, and is expected to fully benefit from the promotion of the “East count West” project. It is recommended to pay attention to operators, computer room temperature control, ICT equipment & optical module, optical communication, IDC and other industry leaders, including China Mobile, China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) , Shenzhen Envicool Technology Co.Ltd(002837) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) , Unisplendour Corporation Limited(000938) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Zte Corporation(000063) , Zhongji Innolight Co.Ltd(300308) , xinyisheng, Jiangsu Zhongtian Technology Co.Ltd(600522) , Hengtong Optic-Electric Co.Ltd(600487) , Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) , Shanghai Baosight Software Co.Ltd(600845) , Beijing Sinnet Technology Co.Ltd(300383) , Kehua Data Co.Ltd(002335) , Guangdong Aofei Data Technology Co.Ltd(300738) , etc.
Ping An Securities said that the implementation of “counting from the east to the west” will promote the rational layout of the data center, improve the overall computing power level of the country, effectively improve the data processing capacity, give play to the key role of data elements in the development of China’s digital economy, and promote the sustainable and vigorous development of China’s digital economy. The national requirements for energy consumption of computing power center are very high, the industrial chain of green data center will fully benefit, and efficient electronic information equipment and independent software and hardware products will be widely used. Recommend Unisplendour Corporation Limited(000938) , Inspur Electronic Information Industry Co.Ltd(000977) , Dawning Information Industry Co.Ltd(603019) , Business-Intelligence Of Oriental Nations Corporation Ltd(300166) , and pay attention to Shanghai Athub Co.Ltd(603881) , Guangdong Aofei Data Technology Co.Ltd(300738) .
Guosheng Securities said that the full launch of the “digital computing from the east to the west” and the superposition of the development direction determined by the digital economy will be a great opportunity for the whole digital communication side. The continuous and rapid growth of computing power and flow is an inevitable trend. The continuous construction and expansion of supporting infrastructure is a rigid demand and has high certainty in the next 3-5 years. Combined with the current global development trend of science and technology, technology giants at home and abroad have increased their investment and layout. In the future, they all point to the deterministic opportunities of computing power and traffic. The development of computing power, traffic and even applications will also drive the construction of mobile networks, and 5g and related industrial chains will continue to benefit as the core. Investment suggestion: core asset operators: China Mobile, China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) . High quality leading companies on the flow bearing side: Eoptolink Technology Inc.Ltd(300502) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Zhongji Innolight Co.Ltd(300308) . IDC: Guangdong Aofei Data Technology Co.Ltd(300738) 、 Kehua Data Co.Ltd(002335) 、 Beijing Sinnet Technology Co.Ltd(300383) 。 Communication infrastructure: Zte Corporation(000063) , Fujian Star-Net Communication Co.Ltd(002396) . Cabinet energy saving and temperature control: Shenzhen Envicool Technology Co.Ltd(002837) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) .
[Architecture]
The construction sector performed well this week, with a weekly increase of 6.63%. From the performance of individual stocks, Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) rose 92.29% this week, ranking first in the list of bull stocks this week. In addition, Chengbang Eco-Environment Co.Ltd(603316) , Zhejiang Construction Investment Group Co.Ltd(002761) increased by more than 50% in one week, while Yuancheng Environment Co.Ltd(603388) increased by 38.24%.
Haitong Securities Company Limited(600837) pointed out that the orders of central construction enterprises increased well in January. It is believed that the transmission of steady growth policy is still in the initial stage, and it is expected that the follow-up policies will be further overweight to accelerate the transmission to the construction end. The steady growth of infrastructure construction has sufficient conditions in terms of capital, projects and enterprise implementation, and the policy transmission is still in the early stage. We continue to be optimistic about the steady growth market in the first quarter. Suggestions: 1) steady growth of infrastructure construction: China Communications Construction Company Limited(601800) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , China State Construction Engineering Corporation Limited(601668) , China Railway Construction Corporation Limited(601186) , China Railway Group Limited(601390) , China Energy Engineering Corporation Limited(601868) , Metallurgical Corporation Of China Ltd(601618) , China National Chemical Engineering Co.Ltd(601117) . 2) Building new track leaders: China Design Group Co.Ltd(603018) , Anhui Honglu Steel Construction(Group) Co.Ltd(002541) , Cofco Engineering & Technology Co.Ltd(301058) , Shenzhen Ridge Engineering Consulting Co.Ltd(300977) , Jiangxi Geto New Materials Corporation Limited(300986) , Suwen Electric Energy Technology Co.Ltd(300982) , Sinoma International Engineering Co.Ltd(600970) , Sinosteel Engineering & Technology Co.Ltd(000928) .
Gf Securities Co.Ltd(000776) pointed out that the company suggested to pay attention to several main lines: 1) building transformation: the leader of power construction Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) with rich installed capacity of clean energy and further expansion in the future, and China National Chemical Engineering Co.Ltd(601117) from engineering to industry; 2) Undervalued infrastructure: recommend undervalued construction central enterprises ( China State Construction Engineering Corporation Limited(601668) , China Communications Construction Company Limited(601800) ), and pay attention to front-end design companies China Design Group Co.Ltd(603018) and Shenzhen Capol International&Associatesco.Ltd(002949) . 3) Building leasing: the leader of building safety equipment leasing ( Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) , Jiangxi Geto New Materials Corporation Limited(300986) ); 4) Steel structure: the boom is expected to continue to be a good leader in steel structure processing ( Anhui Honglu Steel Construction(Group) Co.Ltd(002541) ) and Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Zhejiang Southeast Space Frame Co.Ltd(002135) with new breakthroughs in BIPV.
[covid-19 drug concept]
Recently, in accordance with the relevant provisions of the drug administration law and the special drug approval procedures, the State Food and Drug Administration conducted emergency review and approval, and conditionally approved the import registration of the combined packaging of nevitavir tablets / ritonavir tablets (i.e. paxlovid), a covid-19 virus treatment drug of Pfizer.
Or boosted by the good news, covid-19 drug concept stocks rose strongly this week, with a weekly increase of 12.43%, ranking first in the weekly concept sector. From the performance of individual stocks, Chengda pharmaceutical rose 85.92% in one week and 66.73% in Aba Chemicals Corporation(300261) week.
Zhongtai Securities Co.Ltd(600918) pointed out that the conditional approval of paxlovid not only reflects China’s urgent demand for covid-19 oral drugs, but also provides a reference for covid-19 therapeutic drug declaration in other clinical stages. The follow-up catalysis of covid-19 therapeutic drugs is expected to continue. It is suggested to focus on three logics: ① Chinese R & D and innovation enterprises with high progress, such as Shanghai Junshi Biosciences Co.Ltd(688180) ; ② Large overseas pharmaceutical enterprises create cdmo industrial chains of new drugs, such as Wuxi Apptec Co.Ltd(603259) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Porton Pharma Solutions Ltd(300363) , Zhejiang Tianyu Pharmaceutical Co.Ltd(300702) , Zhejiang Ausun Pharmaceutical Co.Ltd(603229) ; ③ And generic API applications in other parts of the world, such as Aurisco Pharmaceutical Co.Ltd(605116) , Zhejiang Hisun Pharmaceutical Co.Ltd(600267) .
[lithium battery]
This week, the lithium battery concept sector was favored by the main capital, with a net inflow of 10.974 billion yuan, ranking first in the list of holdings of the main capital concept sector in a week. From the performance of individual stocks, Anshan Heavy Duty Mining Machinery Co.Ltd(002667) led the rise in one week, reaching 60.99%, Sinomine Resource Group Co.Ltd(002738) rose 25.62%, Tus Environmental Science And Technology Development Co.Ltd(000826) , Youngy Co.Ltd(002192) both rose more than 20%.
Everbright Securities Company Limited(601788) said that from the perspective of supply and demand of the industrial chain, the supply of negative pole graphitization, diaphragm, copper foil and iron phosphate in the middle reaches of lithium battery in 2022 was relatively tight, and the lithium battery industry chain maintained a high outlook. Attention: beiteri, Shanghai Putailai New Energy Technology Co.Ltd(603659) , Ningbo Shanshan Co.Ltd(600884) , Guangdong Jiayuan Technology Co.Ltd(688388) , Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) . Since the second half of 2021, the progress of new technologies of power battery has accelerated, and the industrialization of new technologies such as soft pack blade battery, 4680 large cylinder + CTC, composite current collector technology (PET copper aluminum foil), silicon carbon negative electrode has accelerated. We pay attention to the improvement of subdivision pattern by new technologies. We recommend Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , and pay attention to Shanghai Zijiang Enterprise Group Co.Ltd(600210) , beiteri, Jiangsu Cnano Technology Co.Ltd(688116) , Shenzhen Dynanonic Co.Ltd(300769) , Shenzhen Kedali Industry Co.Ltd(002850) , Guangdong Jiayuan Technology Co.Ltd(688388) .
Huaan Securities Co.Ltd(600909) pointed out that there are three main lines of investment suggestions: first, release of production capacity, relief of cost pressure and recovery of gross profit. Battery plants: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Gotion High-Tech Co.Ltd(002074) , Farasis Energy (Gan Zhou) Co.Ltd(688567) ; 2. Lithium resource companies with high lithium price supported by supply and demand and expected to realize excess profits: Keda Industrial Group Co.Ltd(600499) , Youngy Co.Ltd(002192) , Chengxin Lithium Group Co.Ltd(002240) , Tianqi Lithium Corporation(002466) ; Three midstream material link companies with clear pattern, obvious advantages and tight supply and demand: Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) , Guangdong Jiayuan Technology Co.Ltd(688388) , Nuode Investment Co.Ltd(600110) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Shenzhen Dynanonic Co.Ltd(300769) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Cngr Advanced Material Co.Ltd(300919) , Zhejiang Huayou Cobalt Co.Ltd(603799) , etc.
[brewing]
The brewing sector performed well this week, with a weekly increase of 5.16%, ranking the third in the industry sector. The main funds also favored this sector this week, with a net inflow of 3.355 billion yuan a week, ranking second in the list of increased holdings of main funds in a week.
In terms of individual stock performance, Anhui Golden Seed Winery Co.Ltd(600199) performance is particularly outstanding. The limit rose for three consecutive days this week, with a cumulative increase of 37.32%.
On the news side, the controlling shareholder of the company, golden seed group, plans to introduce China Resources as a strategic shareholder. The announcement said that Fuyang investment and development, the sole shareholder of golden seed group, plans to transfer 49% of the equity of golden seed group to China Resources Strategic Investment Co., Ltd., a wholly-owned subsidiary of China Resources (Group) Co., Ltd., by means of non-public agreement transfer.
For the sector, Citic Securities Company Limited(600030) believes that after a continuous callback of high-end Baijiu under the influence of more market factors, it has already had a strong margin of safety and is expected to enter the bottom of the value. Considering the stable performance and anti periodicity of high-end wine fundamentals, continue to recommend Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) ; Pay attention to the opportunities of real estate liquor and the marginal changes of secondary high-end, and recommend Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) , Anhui Gujing Distillery Company Limited(000596) . The Spring Festival consumption of the beer sector is generally good, and the allocation opportunities under the high-end of the beer industry continue to be emphasized.
Guosen Securities Co.Ltd(002736) it is suggested to grasp three main investment lines: 1) high-end liquor with the widest growth space, the strongest performance certainty and cost-effective valuation, such as: Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) ; 2) Secondary high-end liquor benefiting from consumption upgrading and price increase of high-end liquor, national expansion and accelerated product upgrading, such as: Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Jiugui Liquor Co.Ltd(000799) , Shede Spirits Co.Ltd(600702) ; 3) Pay attention to Anhui Gujing Distillery Company Limited(000596) , Anhui Kouzi Distillery Co.Ltd(603589) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) with obvious reform dividend release, product upgrading and marginal improvement.
aftermarket configuration
Citic Securities Company Limited(600030) : stick to the main line of steady growth and continue to layout high-quality blue chips around the “two low positions”
Citic Securities Company Limited(600030) pointed out that the steady growth policy has been comprehensively overweight to promote the spread of the main line market, and the policy bottom, market bottom and emotional bottom have been confirmed in turn. It is suggested that investors should stick to the main line of “steady growth” and actively layout high-quality blue chips around the “two low positions”. Specifically, it includes: 1) varieties whose fundamentals are expected to be relatively low, focusing on midstream manufacturing suppressed by cost problems in the early stage, such as automobiles and parts, photovoltaic wind power equipment, aviation and hotels whose fundamentals are expected to be still low; 2) For the varieties with relatively low valuation, it is recommended to pay attention to the high-quality developers, building materials and household enterprises after the expected mitigation of real estate credit risk, communication operators with significantly improved cash flow, smart grids and energy storage in the field of new infrastructure, data centers and cloud infrastructure benefiting from “East data and West computing”, and Internet leaders driven by the content of Hong Kong stocks after the decline of some leaders, And fine chemical enterprises with the ability to develop new businesses such as new materials.
Guotai Junan Securities Co.Ltd(601211) : “steady growth” market is still on the way, and the value will still dominate
Guotai Junan Securities Co.Ltd(601211) believes that the current undervalued sector with consumption and infrastructure chain as the core has advantages, and the “steady growth” market is still on the way.
On the whole, the current market is low, the risk appetite and the economic fundamentals have not yet been fulfilled, and the value will still dominate at this stage. The opportunity to grow, especially for track companies, still needs to wait for the recovery of risk appetite. Industry configuration: focus on infrastructure and consumption. Water flows to the lower place. According to the order of steady growth and the marginal improvement degree of profit, recommendations: 1) infrastructure: coal / steel / transportation / construction / chemical industry – infrastructure real estate / mechanical equipment; 2) Consumption: agriculture, forestry, animal husbandry and fishery (pigs) / household appliances / consumer services; 3) Finance: securities companies / banks; 4) Consumer electronics.
Spring is about to open {123567}
Southwest Securities Co.Ltd(600369) believes that the spring agitation of A-Shares will gradually unfold. There are three directions to focus on: first, focus on the continuous growth sectors with falling valuations after market adjustment, including new energy, semiconductor and military industry sectors. These sectors will still be able to maintain double-digit industry growth in the next few years, while the valuation of relevant targets has fallen and the investment value is prominent. With the opening of the new year, investors’ new growth expectations for these sectors are forming, with reasonable valuation and performance growth. At least they can make money for performance growth from these sectors. Second, the dilemma reversal of “stable growth” related sectors. Here are mainly new infrastructure, resource products, real estate and other sectors. These sectors win in low valuation, low institutional expectations and low allocation proportion. However, with the introduction of the policy of steady growth, the market’s expectations for it gradually increased. Third, it is the sector with stable performance growth and relatively low valuation in the performance forecast.
Western Securities Co.Ltd(002673) : grasp the window period and actively defend
Western Securities Co.Ltd(002673) pointed out that with the periodic recovery of market sentiment, the performance can be determined to be fulfilled, and the high-quality growth leader with policy catalysis is expected to usher in periodic repair. On the other hand, actively allocate the necessary consumption sectors highly related to profitability and inflation, including agriculture, textile and clothing and light industry manufacturing, which often perform well after the Spring Festival. This year, with the superposition of policy support and industrial boom reversal, its strong performance is expected to become the main line throughout the year. In addition, in the fast rotation market environment this year, investors with high risk preference can follow the credit cycle and actively participate in the rotation trading opportunities in industries with high probability of profit inflection point in the upward stage of the credit cycle.
Huaan Securities Co.Ltd(600909) : stable growth in the short term can still be, and actively participate in the third stage of growth in the medium term
Huaan Securities Co.Ltd(600909) pointed out that the rotation of hot spots in the market has accelerated, and it is suggested to continue to maintain a balanced allocation. The short-term steady growth can still be, and the market in the third stage of growth should be actively arranged in the medium term. Specifically, we can focus on three directions and two themes. Main line 1: the steady growth effect is expected to exceed the market expectation, pay attention to the steady growth chain under the poor expectation, and focus on new and old infrastructure fields such as building materials, building decoration, urban pipe network transformation and power grid construction, as well as related opportunities such as upstream and downstream of real estate and banks; Main line 2: the benign adjustment of growth is coming to an end, and actively layout the market in the third stage of growth; Main line 3: in terms of consumption, continue to pay attention to travel service consumption such as tourism, airport, catering and leisure services in the short term, and pay attention to the opportunities of mandatory consumer goods such as dairy products, condiments and food processing with price rise as the main line in the medium and long term; In terms of themes, we will continue to pay attention to investment opportunities related to the digital economy and the reform of state-owned enterprises.
