Index
On Thursday, February 17, 2022, as of the closing, the turnover of Shanghai and Shenzhen stock markets reached 908.8 billion yuan. The Shanghai index rose slightly by 0.06%, the Shenzhen Component Index rose 0.35% and the gem index rose 0.76%. Today, the performance of the infrastructure sector was average, and the relevant sectors such as transportation, building materials, glass fiber and construction machinery all fell, down – 1.02%, – 0.07%, – 0.63% and – 0.03% respectively; Yesterday’s strong engineering consulting service sector made a sharp correction today, down 4.08%; The cement sector rose slightly by 0.44%.
Comments
From the disk view, the overall market sentiment is still too fragile. With the situation in Ukraine fermenting again, most sectors of the market showed signs of diving at the opening of the afternoon. The rise of risk aversion may lead to the reduction of market funds again and the increase of seesaw effect between various sectors. However, geopolitical insecurity has relatively little negative impact on the hedging sector, and the recent logic of the infrastructure sector has not changed, so there is no major risk in the short term. We should pay attention to the sustainability of macro policies in the later stage, the implementation of infrastructure projects, the availability of funds and the contribution of infrastructure projects to the growth of enterprise performance.
In the afternoon, the national development and Reform Commission and other departments jointly issued documents to comprehensively launch the “counting from the east to the west” project, which is of great significance for the optimization of the layout of data center clusters and the improvement of the overall computing power level of the country, and plays a more positive role in driving the economic growth of the western region and the development and upgrading of related industries. The implementation of the “east to west” project is expected to benefit from digital infrastructure, network and server equipment, industrial digitization, optical fiber communication industry, data security, etc.
Industry dynamics
\u3000\u30001. The national development and Reform Commission and other departments jointly issued documents and agreed to start the construction of National Computing hub nodes in Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong and Macao Bay area, 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. According to the layout of the national integrated big data center system, the eight national computing hub nodes will serve as the backbone connection points of China’s computing network, develop data center clusters, carry out the collaborative construction between data centers and networks, cloud computing and big data, and serve as the strategic fulcrum of the national “Eastern digital Western computing” project to promote the orderly transfer of computing resources to the West, Promote the solution of the imbalance between supply and demand of computing power in the East and the West. （ Xinhuanetco.Ltd(603888) ）
Company dynamics
Tbea Co.Ltd(600089) (600089): on February 16, 2022, Tbea Co.Ltd(600089) Xinjiang new energy Co., Ltd. signed the investment framework agreement on 1GW photovoltaic power generation and supporting projects with the people’s Government of Hongdong county and Shanxi Huaxiang Group Co.Ltd(603112) . It plans to build Hongdong 1GW photovoltaic power generation project and photovoltaic support product production project, with a total investment of 4.3 billion yuan. (Securities Times)
Risk warning: the macro policy is not as expected; The price rise of raw materials exceeded expectations; The implementation of the project is not as expected.
