Index
On Tuesday, February 14, all three indexes rose. As of the closing, the Shanghai index rose 0.50%, the Shenzhen Composite Index rose 1.69% and the gem index rose 3.09%. Today, the oversold track stocks ushered in a rebound. The new energy sector rose 4.32%, the power equipment sector rose 3.93%, the pharmaceutical and biological sector rose 3.40%, and the electronic sector rose 3.00%. Tourism, hotels and other sectors with good performance yesterday led the decline today, and the infrastructure sector closed slightly red.
Comments
Since the beginning of the year, popular tracks such as new energy, power equipment and medicine have fallen by more than 10%. There was a stop signal yesterday. Today, funds have flowed into these sectors and ushered in a rebound. However, these tracks may not be able to form a reversal and rise directly. The reason is that the market sentiment is still relatively low, the sector rotation is fast, and the market has failed to form a main line, It is not possible for long-term funds to invest in a certain sector, and there are a large number of fixed sectors above these track stocks, which has certain resistance directly upward. It also takes time and incremental funds to digest differences. Next, the trend probability will continue to fluctuate and grind the bottom. When the track stocks rebounded, the valuation repair sectors such as infrastructure, real estate, tourism and banking showed a trend differentiation, and the real estate, tourism and banking all fell, while the infrastructure sector closed slightly red. The reason is that the strong policy of steady growth has played an escort role. Although the infrastructure sector is a sector with low growth performance and does not have the ability to grow through the cycle, the role and dominant position of market macro variables this year are not comparable to those in previous years. In order to hedge the huge pressure of economic downturn and achieve stable growth, it is still necessary for new and old infrastructure to make joint efforts, especially the new infrastructure represented by new energy and digital economy, It will usher in a historic opportunity. The future performance has certain growth and the growth rate can be expected.
Industry dynamics
Recently, the Shanxi Provincial Leading Group for the construction of new infrastructure issued the three-year action plan for the construction of new infrastructure in Shanxi Province (2021-2023) (hereinafter referred to as the action plan), which clearly proposed to preliminarily build a new infrastructure system with complete system, high efficiency, practicality, intelligence, green, safety and reliability by 2023 through the implementation of seven key actions, Strengthen the strategic and forward-looking layout of new infrastructure to provide strong momentum for the high-quality development of our province. (Shanxi Provincial People’s Government Network)
Company dynamics
Guangdong No.2 Hydropower Engineering Company Ltd(002060) (002060): it was announced on February 15 that the company signed the strategic cooperation framework agreement with Wuhai Municipal People’s government and Jiangsu Xingbang Energy Technology Co., Ltd. (hereinafter referred to as “Xingbang technology”). Give full play to Wuhai’s huge energy treasure house and broad application scenarios, give full play to the leading role of Xingbang science and technology in hydrogen energy technology innovation, and give full play to the company’s advantages in hydropower, wind power, photovoltaic construction and industrial park construction, so as to build Wuhai into a national important industrial base for hydrogen energy innovation and R & D, equipment manufacturing and demonstration application, Help Wuhai actively cultivate and expand new energy industry and build a clean, low-carbon, safe and efficient energy system. （iFinD）
Risk warning: the macro policy is less than the expected risk; Risks of raw material price rise exceeding expectations, etc.
