Industry core view:
last week (from December 6 to December 12) the Shanghai Composite Index rose by 1.63%, the Shenwan leisure service index rose by 9.47%, and the leisure service index outperformed the Shanghai Composite Index by 7.84 percentage points; last week, the main sub sectors of leisure services generally rose, of which the comprehensive increase of tourism was obvious: Catering 2.35%, hotels 5.79%, tourism 11.37%, scenic spots 3.48%, and education services 4.66%. In the face of the new variant virus, omic Rong’s continued threat, Pfizer issued a document saying that the vaccine was effective against the mutant strain, gradually alleviating people’s concerns about the epidemic. Compared with last year, the transaction scale of online tourism market has achieved restorative growth this year, and the digital trend of tourism experience is gradually emerging. With the arrival of winter, the epidemic broke out in scattered spots in China, and control measures were strengthened in many places this week. In the short term, the recovery of the tourism industry is still affected by the epidemic, but when the epidemic intensifies, it is often the bottom before the periodic rebound of the tourism sector. The vocational education sector of the education industry continued to usher in good news this week: the degree Office of the State Council announced that the vocational undergraduate degree certificate and ordinary undergraduate have the same effect in employment, postgraduate entrance examination and public examination; The Ministry of education implements the supply and demand docking employment education project to promote the high-quality employment of college graduates. It is suggested to focus on education companies seeking innovation and breakthroughs and focusing on the subdivided track of vocational training.
1. Tourism: suggestions: 1) tax exemption leader benefiting from consumption upgrading and policy support; 2) Actively change the development mode and innovate the head travel agencies and tourism destinations; 3) A hotel leader with strong anti risk ability. 2. Education: the academic degree Office of the State Council has announced that the vocational undergraduate degree certificate has the same effect as the ordinary undergraduate in terms of employment, postgraduate entrance examination and public examination. It is suggested to focus on education companies seeking innovation and breakthroughs and focusing on the subdivided track of vocational training.
Key investment points:
Market review: last week (from December 6 to December 12) the Shanghai Composite Index rose by 1.63%, the Shenwan leisure service index rose by 9.47%, and the leisure service index outperformed the Shanghai Composite Index by 7.84 percentage points, ranking first among the 28 primary industry indexes of Shenwan. Since the beginning of the year, the Shanghai Composite Index rose by 5.57%, the Shenwan leisure service index fell by 13.91%, and the Shenwan leisure service index outperformed the Shanghai Composite Index by 19.48 percentage points Shenwan ranked 26th among the 28 primary sub industries.
Industry related news: 1) Tourism: Guangdong: strictly implement the “circuit breaker” mechanism of inter provincial tourism; Zhejiang: suspend the operation of inter provincial team tourism and “air ticket + Hotel” business; Pfizer: booster vaccine can neutralize the Omicron strain; The transaction scale of online tourism market has achieved restorative growth. 2) Education: in order to promote more full and high-quality employment of college graduates, the Ministry of education implements the employment education project of matching supply and demand; The academic degree Office of the State Council said that the vocational undergraduate degree certificate and ordinary undergraduate have the same effect in employment, postgraduate entrance examination and public examination; Zhonggong terminated the non-public offering of A-Shares and withdrew the application for fixed increase of no more than 3.9 billion yuan.
Disclosure of fixed increase of travel hotels; Bybon Group Company Limited(300736) share repurchase, Offcn Education Technology Co.Ltd(002607) issue withdrawal, Kaiyuan Education Technology Group Co.Ltd(300338) hire a new deputy general manager.
Risk factors: 1. Risk of natural disasters and safety accidents. 2. Policy risk. 3. Investment, M & A and integration risk.
