Investment suggestion: we judge that the systemic risk faced by the A-share market in the fourth quarter is not large, and there is a structural market. We suggest focusing on high boom and high growth tracks with performance certainty. Suggested configuration: (1) carbon neutralization theme. Nowadays, China is fully promoting the goal of “carbon neutralization”. Clean energy such as wind and light is accelerating to replace traditional energy. We can pay attention to new energy, environmental protection and energy storage. (2) New economic theme. High-end technology manufacturing industry may be an important driving force for future economic growth. It is suggested to focus on chip semiconductors, computer software, high-end intelligent manufacturing with accelerated domestic substitution and rapid industry growth. (3) The theme of consumption recovery. At present, China’s PPI is at a high level and CPI rises slowly. The scissors gap between the two is expected to converge in the future, and the industrial profits will shift from the upstream to the middle and downstream. It is expected that there will be some opportunities in the consumer sector. It is suggested to continue to pay attention to “Guochao” cosmetics and medical beauty. (4) Biomedicine theme. Medicine is an industry with long-term value, and there are short-term opportunities before the epidemic is completely controlled. (5) undervalued financial theme. At present, the valuation of track stocks has far exceeded that of other sectors, and there is a strong demand for make-up in the undervalued financial sector.
Focus on hot topics: (1) the Ministry of industry and information technology issued the big data industry development plan for the 14th five year plan to help the new development of the big data industry. On November 30, the Ministry of industry and information technology issued the big data industry development plan for the 14th five year plan It is proposed to fully deploy the new generation communication network infrastructure and strengthen the construction of 5g and gigabit optical networks. At the same time, it is proposed to build an efficient industrial chain and release the value of data elements. Therefore, we believe that big data service providers that build communication facilities and provide comprehensive services may usher in development opportunities. Therefore, it is recommended to track: Luxshare Precision Industry Co.Ltd(002475) , Dawning Information Industry Co.Ltd(603019) and Beijing E-Hualu Information Technology Co.Ltd(300212) . (2) The Ministry of industry and information technology issued the “14th five year” industrial green development plan to clarify the direction of industrial green and low-carbon transformation. On December 3, the Ministry of industry and information technology issued the “14th five year” industrial green development plan Focus on the implementation of carbon peak action in the industrial field, the construction of green low-carbon technology system and green manufacturing support system, and the promotion of six transformations. We believe that 1) in the process of promoting the high-end transformation of industrial structure, it is very important to promote the green upgrading and transformation of traditional industries, improve the utilization efficiency of resources and promote circular development; 2) In the process of accelerating the low-carbon transformation of energy consumption, the proportion of clean energy consumption is bound to increase day by day. Therefore, it is recommended to track: Yangguan power supply, Grandblue Environment Co.Ltd(600323) and other related targets. (3) The opening of the Winter Olympic Games is imminent, and the prosperity of the sports industry is expected to improve. Near the opening of the Winter Olympic Games, despite the disturbance of local epidemic situations, the popularity of ice and snow sports in China is rising, and the imagination space of the ice and snow industry is constantly opened. If the “double reduction” policy is superimposed, there may be more room for the development of the sports industry. Therefore, it is suggested to follow: Shuhua Sports Co.Ltd(605299) , Huali Industrial Group Company Limited(300979) And other related subjects.
Revenue performance of hot topics: among the hot topics last week, the top gainers were infrastructure, north-south ship merger, ports, large infrastructure central enterprises and power stocks. Affected by the recovery of market sentiment and policies, the corresponding plates are also sought after. The top five declines were silicone, medical services, CRO, ophthalmic medical services and Siasun Robot&Automation Co.Ltd(300024) . The main reason is that the current valuation of relevant concept plates is high, and the recent tightening of funds has led to significant adjustment.
From November 29 to December 3, among shenwanyi industries, the top five gainers last week were coal, national defense and military industry, building decoration, public utilities and transportation; The top five declines were medicine and biology, textiles and clothing, social services, power equipment and non-ferrous metals. From the cumulative net inflow last week, the top five cumulative net inflows are national defense and military industry, building decoration, public utilities, coal and non bank finance; The top five cumulative net outflows are medicine and biology, power equipment, electronics, computers and non-ferrous metals.
Risk warning: the promotion of relevant policies is not as expected; Changes in industry regulatory policies.
