Main points
Papermaking:
The paper sector showed an upward trend this week. On the supply side, due to the tightening of profits and the general impact of the order level, coupled with the production scheduling of the Spring Festival, the northern paper mill is under construction, and the supply pressure remains. The dealer prepared the goods years ago, and the inventory pressure in the channel is average. On the demand side, due to the insufficient commencement of printing plants after the festival, the recovery of trading is slow and the number of orders is limited. It is expected to improve by the end of February. The willingness to rise in paper prices is high, but the support is slightly insufficient. Most paper mills and dealers are in a wait-and-see state. It is suggested to pay attention to: Winner Medical Co.Ltd(300888) , Zhejiang Kan Specialities Material Co.Ltd(002012) , Shandong Sun Paper Co.Ltd(002078) .
Home:
Recently, since the people’s Bank of China and the China Banking and Insurance Regulatory Commission jointly issued the notice on doing a good job in M & a financial services for risk disposal projects of key real estate enterprises, the real estate financing market is expected to improve steadily, and the risk resolution of some real estate enterprises is advancing in an orderly manner. In addition, the national building materials and home furnishing prosperity index hit a new high in 2022. With the gradual release of real estate enterprise risks, household enterprises are under pressure “into spring”, and they are still optimistic about the household industry in the medium and long term. It is suggested to pay attention to: Suofeiya Home Collection Co.Ltd(002572) , Oppein Home Group Inc(603833) , Goldenhome Living Co.Ltd(603180) .
Other light industries:
Bubble Mart showed a downward trend after a slight rise in the short term. Bubble Mart defined 2022 as “the first year of tide playing and going to sea”. In the next 10 years, the international business will be one of the most important driving points of bubble Mart. In 2022, the expansion speed of bubble Mart overseas will also be greatly accelerated. Shanghai M&G Stationery Inc(603899) with the arrival of the school season, it shows an upward trend. The early “double reduction” policy has a certain impact on product demand. The company is comprehensively promoting the all-round development of traditional core business according to the five-year strategy and maintaining the growth target of 10% – 15%. Suggestions: bubble mart, Shanghai M&G Stationery Inc(603899) .
Market performance this week:
This week, the CITIC light industry manufacturing industry index rose 0.33% compared with last week, and the CSI 300 rose 1.08%. The light industry manufacturing sector as a whole lost 0.75 percentage points to the CSI 300 index. Among the secondary industries of CITIC light industry manufacturing this week, papermaking rose 0.78%, packaging and printing fell 0.69%, household fell 0.47%, entertainment light industry rose 4.50% and other light industries rose 1.96%.
Investment advice
It is suggested to pay attention to Winner Medical Co.Ltd(300888) , Zhejiang Kan Specialities Material Co.Ltd(002012) , Shandong Sun Paper Co.Ltd(002078) in the paper sector, Suofeiya Home Collection Co.Ltd(002572) , Oppein Home Group Inc(603833) , Goldenhome Living Co.Ltd(603180) in the home sector, and Shanghai M&G Stationery Inc(603899) in other sectors.
Risk tips
Policy risk, price fluctuation risk of raw materials and sluggish downstream demand
