Index
On Wednesday, March 2, 2022, as of the closing, the Shanghai Composite Index fell 0.13% to 348419 points, the Shenzhen composite index fell 1.05%, the gem index fell 1.77%, and the turnover of the two markets reached 898 billion. In terms of sectors, oil and gas exploitation, coal and other sectors strengthened against the market, and infrastructure related sectors ended flat.
Comments
At present, the market is still worried about the development of the situation in Ukraine and Russia, and the wait-and-see mood is strong. The market is still in the game stage of stock funds. Recently, coal, non-ferrous metals, oil service and other sectors have received funds and rose continuously, and the other sectors are in short-term rotation. At this stage, it is suggested to pay attention to the investment opportunities related to the infrastructure sector. The main reasons are as follows: first, the spring construction tide starts immediately, the orders of the infrastructure industry begin to be fulfilled, which drives the increase in the demand for upstream raw materials, and the infrastructure engineering, building materials and other sectors are expected to benefit; Second, the two sessions are about to be held. In the face of huge economic downward pressure and complex international situation, the policies issued by the two sessions are expected to be better than expected. The new and old infrastructure, especially the policies related to new energy infrastructure and digital infrastructure, account for a large proportion. Stimulated by the policies, the infrastructure sector is easy to realize in the short term.
Industry dynamics
According to the market feedback, the weather in Zhejiang, Shanghai and Jiangsu has improved recently, and the market demand has rebounded. Driven by the increase of clinker price, the cement price in the Yangtze River Delta has increased. From March 1, Hangzhou, Jiaxing, hushao and other places in Zhejiang Province have notified the price of cement to be increased by 30 yuan / ton, Shanghai has notified the price of cement to be increased by 20-30 yuan / ton, Jiangsu suxichang and other places have notified the price of cement to be increased by 30-40 yuan / ton. In addition, driven by the price increase of cement in the surrounding Zaozhuang area, some factories in Xuzhou have recently promoted the price increase of high-standard cement by 20 yuan / ton. (China cement network)
Company dynamics
Huaneng Lancang River Hydropower Inc(600025) ( Huaneng Lancang River Hydropower Inc(600025) ): the company issued the announcement of 2021 annual performance express: in 2021, the company achieved a total operating revenue of 20201630500 yuan, a year-on-year increase of 4.93%; The total profit was 71336055 million yuan, a year-on-year increase of 26.18%; The net profit attributable to shareholders of listed companies was 5837544900 yuan, a year-on-year increase of 20.75%. （iFinD）
Risk warning: the macro policy is not as expected; Raw material prices rose more than expected.
