Special report this week:
(1) Ministry of transport: planning to promote the construction of a number of major projects. Infrastructure chain, from expectation to verification. Infrastructure investment hedges the downward pressure on the economy, and Q1 is expected to make a good start. Since the end of last year, the key engineering projects that have been “demonstrated for a long time” have been accelerated to ensure “no shortage of projects”. In January, social finance exceeded expectations and ensured “no shortage of funds”. After the festival, all localities will speed up the resumption of work and production, and we are optimistic about the later data performance. [ 601əəəəəəəəəə.
(2) Rural Revitalization: focus on cold chain logistics + water conservancy infrastructure. On February 22, the No. 1 document “opinions of the CPC Central Committee and the State Council on doing a good job in the key work of comprehensively promoting rural revitalization in 2022” was issued. The opinions put forward “firmly hold the two bottom lines of ensuring national food security and avoiding large-scale return to poverty”, and mentioned “deeply implement the high-quality grain project and improve the unit yield and quality of grain” and “promote the extension of cold chain logistics service network to rural areas, promote the construction of Shenzhen Agricultural Products Group Co.Ltd(000061) origin storage and preservation cold chain logistics facilities in the whole county, and promote cooperation, joint operation and network supporting”. Directly related objects include [ Cofco Engineering & Technology Co.Ltd(301058) ].
(3) indemnificatory rental housing: improve the supply of indemnificatory rental housing. It is suggested to pay attention to the demand expansion of fabricated and steel structures. Indemnificatory rental housing has a clearer goal and a higher degree of marketization, which is an important part of the housing security system. Compared with public rental housing and common property right housing, indemnificatory rental housing: 1) there is no income threshold for the target group; 2) Investment and supply are more market-oriented; 3) The implementation area is more clear. Suggestions on relevant subjects: pay attention to [ Anhui Honglu Steel Construction(Group) Co.Ltd(002541) ] [ Shanghai Construction Group Co.Ltd(600170) ].
Market performance this week:
This week’s architectural index performance (- 6.52%), including architectural design and service II (- 4.99%), architectural construction (- 6.91%), architectural decoration II (- 3.06%), and CSI 300 index (- 1.67%) in the same period.
The construction sector rose the top five this week: Ningbo Construction Co.Ltd(601789) (+ 31.79%), Shenzhen Cheng Chung Design Co.Ltd(002811) (+ 20.87%), Shandong Yabo Technology Co.Ltd(002323) (+ 15.51%), Qingdao East Steel Tower Stock Co.Ltd(002545) (+ 15.07%), Cofco Engineering & Technology Co.Ltd(301058) (+ 14.71%).
The top five declines this week: Zhengping Road & Bridge Construction Co.Ltd(603843) (- 19.53%), Hongrun Construction Group Co.Ltd(002062) (- 17.04%), huilv Ecology (- 15.58%), Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) (- 14.32%), Tengda Construction Group Co.Ltd(600512) (- 14.01%).
Risk warning: infrastructure investment is less than expected, credit tightening risk, real estate regulation risk, raw material price fluctuation risk.
