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the concept of “counting from the east to the west” broke out again Yimikang Tech.Group.Co.Ltd(300249) , Capitalonline Date Service Co.Ltd(300846) and other “20cm” trading limits for two consecutive days
The concept of “counting from the east to the west” broke out again on the 21st. As of press time, Yimikang Tech.Group.Co.Ltd(300249) , Capitalonline Date Service Co.Ltd(300846) , Beijing Asiacom Information Technology Co.Ltd(301085) and other “20cm” trading limits for two consecutive days, Nova Technology Corporation Limited(300921) , Insigma Technology Co.Ltd(600797) , Ningbo Construction Co.Ltd(601789) , Jiangsu Shagang Co.Ltd(002075) , Shijiazhuang Changshan Beiming Technology Co.Ltd(000158) and more than 10 shares were trading limits.
In terms of news, recently, the national development and Reform Commission, the central network information office, the Ministry of industry and information technology and the National Energy Administration 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.
Anxin Securities pointed out that from the perspective of policy context, according to the documents of the national development and Reform Commission, the “East digital West computing” project was first proposed in the implementation plan of computing hub of collaborative innovation system of national integrated big data center on May 24, 2021. Since then, in the “14th five year plan” for digital economy development issued by the State Council, It is also deployed as an important chapter again. Therefore, the project of “counting from the east to the west” is an important infrastructure and landing grasp of the digital economy industry, which is expected to drive the digital economy related industries to realize more extensive application of computing power. At the same time, “counting from the east to the west” is the starting point for the implementation of digital economic policies. In the future, more relevant construction projects may be introduced one after another.
The agency said that in the short term: according to the reply of the national development and Reform Commission to each node, the project construction is “in principle a backbone enterprise in data center related industries” and pays attention to enterprises with data center construction capacity. Medium term: according to a reporter’s question from the national development and Reform Commission, the “East digital West computing” project needs to “increase the large-scale application of server chips, operating systems and other software and hardware products.” Pay attention to the large-scale application opportunities of domestic servers, operating systems, databases and middleware enterprises. Long term: focus on industrial digital applications driven by data centers, including automotive intelligent networking, artificial intelligence, people’s livelihood informatization, intelligent manufacturing, central enterprises and government informatization, etc.
Shengang Securities pointed out that with the full implementation of the East West calculation, the relevant industrial chains are expected to benefit. Through the construction of computing hub and data center cluster, it will effectively drive the upstream and downstream investment of the industry. The industries and targets benefiting include: 1) increased demand for network IT equipment, with key recommendations: Zte Corporation(000063) , Unisplendour Corporation Limited(000938) , Fujian Star-Net Communication Co.Ltd(002396) , Inspur Electronic Information Industry Co.Ltd(000977) ; 2) Data traffic explosion drives the demand for optical modules and optical fiber cables: Eoptolink Technology Inc.Ltd(300502) , Zhongji Innolight Co.Ltd(300308) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Jiangsu Zhongtian Technology Co.Ltd(600522) , Hengtong Optic-Electric Co.Ltd(600487) ; 3) IDC green energy-saving development, upstream temperature control equipment is expected to continue to benefit: Shenzhen Envicool Technology Co.Ltd(002837) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) ; 4) Operators are expected to continue to give full play to the advantages of cloud collaboration. It is recommended to pay attention to China Mobile, China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) .
the controlling shareholder plans to introduce China Resources war investment Anhui Golden Seed Winery Co.Ltd(600199) to raise the limit for four consecutive trading days, and the company prompts the risk
Anhui Golden Seed Winery Co.Ltd(600199) (600199) opened sharply higher on the 21st, and quickly raised the daily limit. So far, the stock has been trading for four consecutive trading days.
On February 16, it was announced that Fuyang Investment Development Group Co., Ltd., the sole shareholder of Anhui Golden Seed Group Co., Ltd., the controlling shareholder of the company, 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. Fuyang investment and Development Co., Ltd. and China Resources zhantou signed the equity transfer agreement on Anhui Golden Seed Group Co., Ltd. on February 16, 2022.
Anhui Golden Seed Winery Co.Ltd(600199) said that after the transaction, the controlling shareholder of the company introduced important strategic shareholders and the two sides conducted long-term joint venture cooperation. This transaction will not lead to the change of the controlling shareholder and actual controller of the company. The controlling shareholder of the company is still golden seed group and the actual controller is still Fuyang SASAC. This equity transfer is a strategic reorganization between subsidiaries of central enterprises and local state-owned enterprises. It is proposed to adopt the method of non-public agreement transfer, which will take effect after being approved by relevant departments.
Boosted by this news, the stock has been trading for three consecutive trading days since February 17. It is worth noting that on the eve of the above announcement, the stock suddenly rose in the afternoon of February 16 and rose strongly on the same day.
On February 18, the Shanghai Stock Exchange issued a regulatory letter to the company, the reason for which was to clarify the regulatory requirements on matters related to information disclosure. Anhui Golden Seed Winery Co.Ltd(600199) on February 18, a risk warning was issued that the short-term increase of the company’s stock was higher than that of the same industry and the Shanghai stock index. Please pay attention to the trading risks in the secondary market, make rational decisions and invest prudently. The production and operation of the company is normal and there is no substantial change. According to the company’s self-examination, as of the disclosure date of the announcement, the company has not found any other major events that may have a great impact on the company’s share price. The controlling shareholders, directors, supervisors and senior managers of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
the coal sector pulled up Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) , Shanxi Coking Coal Energy Group Co.Ltd(000983) and so on
The coal sector rose on the 21st, with Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) , Shanxi Coking Coal Energy Group Co.Ltd(000983) , Shanxi Lanhua Sci-Tech Venture Co.Ltd(600123) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) rising higher as of press time. On the news side, the price of thermal coal was under pressure due to the price limit policy last week, and major coal enterprises began to issue documents to reduce the price to less than 900 yuan. As the local regulatory authorities in Shanxi and Shaanxi have clearly implemented the price stabilization standard of the national development and Reform Commission, the price of origin has also quickly moved closer to the price limit standard.
Kaiyuan Securities pointed out that in the short term, low temperature, rain and snow weather still form support for the daily consumption of the power plant, and the resumption of work in the downstream is accelerated. At the same time, the Winter Olympic Games is coming to an end, the power demand of some limited high energy consumption industries is expected to be released, and the overall coal consumption demand is still expected to be strong; The origin supply will also recover rapidly under the supply guarantee requirements of the national development and Reform Commission. The fundamentals may usher in phased strong supply and demand before the off-season, and the supply is relatively tight, supporting the coal price within the price limit. Therefore, the policy driven decline in coal prices is expected to be limited. In March, with the warming of temperature, the demand will weaken seasonally, but the supply side may be gradually tightened, and the safety production will return to the focus of policy. The high load production intensity may be unsustainable, the production intensity may match the demand, and the coal price in the off-season may transition smoothly.
The agency said that from the perspective of the coal stock market, the stable price of the national development and Reform Commission has disturbed the market, but the upward policy ceiling of the spot price of thermal coal has long been the consensus of the market, and the impact on the coal price of Changxie is limited, and the fundamentals of gaochangxie coal enterprises remain stable. The investment logic of the coal sector may mainly focus on the two main lines of “stable growth” and “transformation”: in terms of “stable growth”, the infrastructure real estate chain benefits, which is good for the coal coke steel industry chain, and the peak of steel carbon can delay the demand for coking coal.
In addition, the price of coking coal is determined by the market and the policy is not controlled, so the coking coal sector still has obvious elasticity; In terms of “transformation”, under the background of carbon neutrality, the willingness of coal enterprises to increase production capacity has decreased significantly. In the future, coal prices will remain high and endogenous growth is insufficient, but epitaxial growth will become the mainstream. Coal enterprises are highly profitable and have the ability to make transformation, and the future opportunity period is within the next 5-10 years. At present, the undervalued characteristics of coal stocks are obvious. Under the current macro policy expectation of stable growth and wide credit, the coal sector has high allocation value and is optimistic about the valuation and repair of the sector. Targets with stable performance and high dividends: Yankuang energy, China Shenhua Energy Company Limited(601088) , Shaanxi Coal Industry Company Limited(601225) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) ; Targets with growth expectation: Shanxi Coking Coal Energy Group Co.Ltd(000983) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Guizhou Panjiang Refined Coal Co.Ltd(600395) , Huaibei Mining Holdings Co.Ltd(600985) .
the price of finished diamonds has risen sharply. Cultivating diamonds may become a new choice (with shares)
According to media reports, De Beers, the world’s largest diamond mining supplier, raised the price of raw diamonds by about 8% in the first fair this year, the fifth time since December last year. The price index of finished diamonds rose 5.67% in the first month of 2022, the largest monthly increase in many years.
Industry insiders said that the international diamond quotation has risen several times, which has made Chinese diamond enterprises have greater expectations for the rise of diamond prices in the future. Cultivating diamonds may become a new choice. Its price is one-third to one-fifth of that of natural diamonds, and the sales volume continues to rise.
China Securities Co.Ltd(601066) pointed out that at present, the proven diamond reserve with mining value is about 2.5 billion carats. If 100 million carats are mined every year, it can be mined for 25 years, and it is mainly concentrated in the hands of enterprises such as erosa and De Beers. The upstream belongs to the game equilibrium of typical oligopoly, and the estimation is calculated according to the reserves at present, The realizable reserve mineral values of erosa and De Beers are US $81.6 billion and US $52 billion respectively. Through trade centers, trade fairs, appraisal institutions and other industry-specific systems, the upstream end is guaranteed to maintain monopoly for a long time, and all parties in the whole industrial chain tend to maintain the existing interest pattern. The price of rough natural diamonds is anti inflationary for a long time, and the medium and short-term price is rising due to tight supply and recovery of demand after the epidemic.
The same physical attributes do not represent the same commodity attributes, especially in the field of high-end consumption. The technology for cultivating diamonds has been very mature, and the product quality can exceed that of natural diamonds. However, due to the economic benefits of expanding production in the upstream, the retail and wholesale prices will continue to be differentiated relative to natural diamonds. Cultivated diamonds have comparative advantages in color diamonds, commemorative diamonds, high-tech materials and other fields. The positioning of the industrial chain should be clearly distinguished from traditional jewelry. It is considered that due to the scarcity of resources and the rhythm of production capacity release, the price of natural diamonds will maintain a stable upward trend, its natural attribute is the basis of value, the whole industrial chain will tend to maintain the existing interest pattern, and will dominate in the field of wedding and non wedding luxury goods for a long time. Suggestions: Chow Tai Fook, DEA shares, Chow Tai Seng Jewellery Company Limited(002867) . At the same time, it is also worth paying attention to the cultivation of diamond brand by building the consumption concept of Yueji at the terminal. It is suggested to pay attention to: Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) .
Caitong Securities Co.Ltd(601108) believes that Chinese manufacturers supply 40% of the world’s cultivated diamond blanks, which will significantly benefit from the rise of downstream demand. China’s diamond production is mainly cultivated by high temperature and high pressure method. Due to the capacity constraints of upstream equipment manufacturers, the expansion of the industry is limited. It is suggested to pay attention to Henan Liliang Diamond Co.Ltd(301071) , North Industries Group Red Arrow Co.Ltd(000519) , Henan Huanghe Whirlwind Co.Ltd(600172) with high market share and good cooperation with upstream equipment manufacturers, and Sinomach Precision Industry Co.Ltd(002046) with two technical paths of HPHT / CVD at the same time.
China’s high-end transmission technology has entered the golden age of European DC transmission for the first time (with shares)
According to the news of State Grid on February 20, on February 14 local time in Germany, European transmission network operator TenneT issued a bid winning notice and confirmed that the consortium composed of State Grid Smart Grid Research Institute Co., Ltd., McDermott of the United States and China Power Purui Power Engineering Co., Ltd. of NARI Group is the EPC general contractor of borwin6 offshore wind power flexible DC transmission project. The bid winning is an important achievement in promoting the implementation of the “one body and four wings” development layout of the State Grid Corporation of China. It marks the first time that China’s high-end transmission technology has entered Europe and will effectively drive the high-quality development of China’s semiconductor devices, high-end power equipment, offshore wind power and other related industries.
China Securities Co.Ltd(601066) pointed out that the key factor restricting the development and consumption of new energy is not the load level, but the delivery capacity. The formation of the national unified power market needs not only the market mechanism, but also the trans provincial and trans regional transmission channel as the physical mechanism. Multi energy complementary power supply system + DC transmission channel is the mainstream solution for new energy in the new power system. Flexible DC technology is the upgrading and evolution of DC transmission. With the support of flexible direct transmission, DC transmission can be used not only for long-distance (UHV) transmission, but also for flexible direct back-to-back and far-reaching offshore wind power transmission. Driven by the three application scenarios, it is estimated that the total investment scale of DC transmission project during the 14th Five Year Plan period will be close to 400 billion yuan (some of which will be built by power generation enterprises).
Converter valve is the core of DC transmission, with concentrated value and high technical barriers. The power semiconductor component in the converter valve is the part with the highest value proportion in the converter valve, which is composed of a large number of thyristors and IGBTs. Recommend new power system beneficiary targets, converter valve faucets Xj Electric Co.Ltd(000400) , Nari Technology Co.Ltd(600406) , thyristor faucets for high voltage DC valves Xi’An Peri Power Semiconductor Converting Technology Co.Ltd(300831) , high elasticity varieties Zhuzhou Crrc Times Electric Co.Ltd(688187) , etc.
China’s technology stocks are cautious about pharmaceutical stocks
Since this year, many medical and health stocks have suffered a significant pullback. As of February 18, the pharmaceutical index fell by more than 12%. Affected by this, the net value of the fund fell, and the well-known pharmaceutical fund managers were pushed to the forefront. The reporter combed the data and found that overseas funds have also been cautious about China’s pharmaceutical stocks recently. At the same time, they continue to increase their positions in technology stocks.
Meng Lei, China strategy analyst at UBS Securities, recently released a report on China’s stock strategy, saying that since the new year, there has been a correction in the A-share market, and the Shanghai and Shenzhen 300 index and the gem index have fallen significantly, among which the growth stocks with overvalued values have fallen significantly. He believes that there are three major reasons for the market correction: first, although the credit growth rebounded slightly in December, the weak medium and long-term loans of enterprises and residents exacerbated investors’ concerns about the overall economy, especially the decline of real estate; Secondly, investors may have doubts about the expectation of overall consumption recovery in the first quarter; Third, including the shift of the Fed’s position to hawks and the correction of global growth stocks. At present, the risk appetite of A-share market has been at the lowest level since May 2020. Risk factors are gradually fading, and the emergence of potential positive factors may promote a restorative rebound in the market.
Meng Lei suggested that investors focus on four directions: the first is “steady growth”. Under the background that the downward pressure on economic growth continues but macro policies are expected to be further overweight, the relevant sectors of “steady growth” underestimated value may continue to benefit in the short term. Selectively optimistic about household appliances and furniture in the real estate chain, and select stocks with long-term growth in the infrastructure and banking sectors. Secondly, bargain hunting layout valuation callback to a reasonable level of growth stocks. The third is consumer stocks with high-quality growth attributes. With the overall profit growth of A-Shares or due to the slowdown of economic activities and the gradual rise of the base from the fourth quarter of 2021 to the first half of 2022, the “high-quality growth” consumer sector is expected to return to the market focus due to the stability of its profits and the fundamentals of gradual recovery. Finally, high dividend yield. In the environment of relatively low interest rate and gradual upward CPI, select high dividend yield stocks. If the market sentiment continues to be depressed, high dividend stocks also have a certain defensive attribute.
