Deliver the A-share market information at the first time, observe the market trend, grasp the rise and fall logic and tap investment opportunities.
Sino Russian trade stocks broke out Jinzhou Port Co.Ltd(600190) five board Zhe Jiang Dong Ri Limited Company(600113) 7 rose more than 50%
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It is worth noting that Jinzhou Port Co.Ltd(600190) has raised the limit for five consecutive trading days. Jinzhou Port Co.Ltd(600190) issued a risk warning yesterday that the company is mainly engaged in port business such as loading, unloading, Stockpiling and transportation of bulk goods such as oil, grain, metal ore and steel. So far, its main business has not changed. According to the third quarter report of 2021 disclosed by the company, the company achieved an operating revenue of 5.087 billion yuan in the first three quarters of 2021, a year-on-year decrease of 1.07%; The net profit attributable to shareholders of listed companies was 139 million yuan, down 9.65% year-on-year.
Zhe Jiang Dong Ri Limited Company(600113) in the past seven trading days, it has gained four limit sectors, with a cumulative increase of more than 50% Zhe Jiang Dong Ri Limited Company(600113) suggested that the company’s current production and operation activities are normal, the market environment and industrial policies have not been significantly adjusted, and the internal production and operation order is normal. The company is concerned that the recent hot spots related to the capital market involve the “Sino Russian trade concept”. After verification by the company, the project of Harbin Sino Russian International Shenzhen Agricultural Products Group Co.Ltd(000061) trading center is invested and constructed by the company’s joint-stock company Harbin Dongji Industry Co., Ltd., and the company holds 35% equity of Dongji industry. As of the announcement date, phase I of the south area project of Harbin China Russia international trade center is still in the construction stage and has not been put into use. It has no impact on the company’s operating income, operating profit and other financial indicators. The company recommends investors to invest rationally, carefully analyze and judge the rumors and hot spots in the market, and prevent investment risks.
For the port sector, on the news, on March 2, the Ministry of transport and the national development and Reform Commission issued a notice on reducing and merging port charges and other related matters, clearly canceling the government pricing of port facility security fees and including them into the port operation lump sum fee as a sub item, and the sub item charge standard shall not be higher than the original charge standard.
At the same time, the pilotage (shifting) fee standard of ships sailing international routes in 18 coastal ports will be reduced by classification and orientation. Shenzhen port, Meizhouwan port, Rizhao Port Co.Ltd(600017) , Jinzhou Port Co.Ltd(600190) and other four ports reduced the benchmark rate of pilotage by 15%, while Shanghai port, Ningbo Zhoushan port, Dalian port, Tangshan Port Group Co.Ltd(601000) , Qingdao Port International Co.Ltd(601298) , Jiangsu Lianyungang Port Co.Ltd(601008) , Zhanjiang port, Fuzhou port, Fangcheng port, Weihai port, Huanghua port, Yantai port, Xiamen port and Quanzhou port reduced the benchmark rate of pilotage by 10%, Shanghai port will reduce the benchmark rate of pilotage (shifting) fee by 5% before December 31, 2023 and 10% on January 1, 2024. It is estimated that the fee reduction amount of the pilot agencies of the above coastal ports is about 320 million yuan per year.
The notice also pointed out that port operators and other units should strictly implement the price policy, implement the catalogue list and publicity system of port operation service charges, and timely adjust the names and standards of charges publicized to the public according to this notice. Relevant agency enterprises shall collect and pay port charges for goods on behalf of others, and shall not increase charges. It is not allowed to raise the charging standards and impose charges in disguise through various means. Tugboat operators shall not charge beyond the scope and standard. Transportation (port and maritime) management departments at all levels shall strengthen policy publicity and convey the requirements of this notice to relevant operators and units in a timely and accurate manner; We should strengthen the supervision of port operation market, cooperate with relevant departments to investigate and deal with violations according to law, and further standardize port charging behavior. Market operations such as port tally, tugboat and oil boom services should further introduce competition mechanism.
the international oil price broke through $110, and the oil and gas sector broke out again Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) closed 6 limit sectors in a row
On March 3, the oil and gas sector of A-share continued to strengthen. As of press time, Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) rose by the limit, and the stock has closed six limit sectors in a row. Renzhi shares soared, with Xinjiang Beiken Energy Engineering Co.Ltd(002828) , Tong Petrotech Corp(300164) , Guanghui Energy Co.Ltd(600256) and other stocks leading the rise. On the news side, the conflict between Russia and Ukraine is still continuing. Affected by geopolitical tensions, the rise of international oil prices is unabated and stands at the $110 mark.
According to the combing of China Singapore longitude and latitude, China’s refined oil prices have experienced three rounds of adjustment in 2022, showing a pattern of “three rises, zero falls and zero stranding”. Coupled with the increase on December 31, 2021, the oil price shows a trend of “four consecutive rises”. After this round of price adjustment is implemented, China’s refined oil price will hit another “five consecutive rises”.
For the future, Zhao Wei, chief economist of Sinolink Securities Co.Ltd(600109) said in a recent article that the oil price is still easy to rise but difficult to fall in 2022. Since entering the shale oil era, the sharp expansion of crude oil production in the United States has reduced the ceiling of crude oil price to $120 / barrel. Looking forward to the future, OPEC’s pricing power is strengthened and the credibility of increasing production continues to be verified. The subsequent increase of shale oil production in the United States is weak, which may not worry about the disturbance brought by the supply side. If the incremental impact of crude oil brought by Iran is falsified and the superposition of global crude oil demand is still in the improvement channel, for oil prices, 100 US dollars / barrel may only mean the first half, and the possibility of reaching 120 US dollars / barrel cannot be ruled out.
CITIC futures research report believes that the space above the oil price depends on the escalation of the conflict between Russia and Ukraine. If the military conflict continues to escalate, resulting in continuous supply interruption, it may push up oil prices further. If the oil price returns to the diplomatic channel quickly, it will help to calm the pressure of the peaceful settlement of the oil price.
Guotai Junan Securities Co.Ltd(601211) said that the future impact of geopolitical conflict on Russia’s crude oil exports remains to be seen. It is suggested to wait for the reverse opportunity and lay out more definite recovery trend opportunities in the next two years. It is expected to accelerate the recovery of crude oil warehouse clearance and environmental protection policy in the next two years, but it is expected to speed up the recovery of crude oil transportation capacity in the future.
how much does the situation between Russia and Ukraine boost port shipping? Concept stocks in Hong Kong and a strengthened Jinzhou Port Co.Ltd(600190) closing five daily limits
On March 3, the port shipping sector rose sharply. As of press time, Ningbo Marine Company Limited(600798) , Jiangsu Lianyungang Port Co.Ltd(601008) , Jinzhou Port Co.Ltd(600190) and Shenzhen Yan Tian Port Holdings Co.Ltd(000088) , Nanjing Port Co.Ltd(002040) , Ningbo Zhoushan Port Company Limited(601018) and other stocks rose in varying degrees.
In terms of Hong Kong stocks, Haifeng International LED, Cosco Shipping Holdings Co.Ltd(601919) , Cosco Shipping Energy Transportation Co.Ltd(600026) , The Pacific Securities Co.Ltd(601099) shipping, etc. followed.
According to the official website of the Ministry of transport, on February 24, the Ministry of transport and the national development and Reform Commission jointly issued the notice on reducing and merging port charges and other related matters, canceling the government pricing of port facility security fees and including them into the port operation lump sum fee as a sub item, and the sub item charge standard shall not be higher than the original charge standard. Shenzhen port, Meizhouwan port, Rizhao Port Co.Ltd(600017) , Jinzhou Port Co.Ltd(600190) , reduce the benchmark rate of pilotage (relocation) fee by 15%, Shanghai port, Ningbo Zhoushan port, Dalian port, Tangshan Port Group Co.Ltd(601000) , Qingdao Port International Co.Ltd(601298) , Jiangsu Lianyungang Port Co.Ltd(601008) , Zhanjiang port, Fuzhou port, Fangcheng port, Weihai port, Huanghua port, Yantai port, Xiamen port and Quanzhou port, reduce the benchmark rate of pilotage (relocation) fee by 10%.
In terms of individual stocks, Jinzhou Port Co.Ltd(600190) has closed five trading boards in a row. After trading on March 1, Jinzhou Port Co.Ltd(600190) again issued a risk warning announcement, saying that there was no significant change in the company’s main business and the current P / E ratio was much higher than the average level of Listed Companies in the same industry, reminding investors to invest rationally, improve risk awareness and pay attention to investment risks Jinzhou Port Co.Ltd(600190) in the announcement, it also reminded investors to pay attention to the risk of fluctuations in operating results. According to the company’s disclosure, in the third quarterly report of 2021, the company achieved an operating revenue of 5.087 billion yuan in the first three quarters of last year, a year-on-year decrease of 1.07%; The net profit attributable to the parent company was 139 million yuan, a year-on-year decrease of 9.65%. In the third quarter, the operating revenue in a single quarter decreased by 30.53% year-on-year; Net profit attributable to parent decreased by 18.10% year-on-year.
China Merchants Securities Co.Ltd(600999) said that regional conflicts may stimulate the upward movement of shipping rates. 1) Centralized transportation: on the demand side, war factors may stimulate the European region to hoard a large number of living materials, and the demand for the European line may increase in the short term; On the supply side, war factors may lead to the suspension of ports in relevant regions and the obstruction of some shipping lines. Under the background of the already tight global supply chain, the centralized transportation supply may continue to be in short supply.
2) dry bulk cargo: Russia and Ukraine are the world’s major grain and coal export hubs. Regional conflicts will shift relevant import and export trade to the Americas, Australia and New Zealand, and the lengthening of transportation distance is expected to increase the freight rate of dry bulk cargo; On the other hand, regional conflicts have led to concerns about the stability of the supply chain on both sides of import and export trade, and the freight rates of relevant routes may increase significantly in the short term.
3) oil transportation: Europe is highly dependent on Russian energy. At present, about 2.3 million barrels / day of Russian crude oil flows westward through the pipeline network to the export terminals of the Baltic Sea and the Black Sea, and directly to the refineries in central and Eastern Europe. If the regional situation worsens and Western countries impose sanctions on Russia, European refineries will turn to the Middle East to import crude oil, and Russia will also look for alternative customers. At that time, the crude oil transportation distance will be lengthened and the overall crude oil transportation price will be significantly increased. On the other hand, regional conflicts have led to concerns of both importers and exporters about the stability of the supply chain, and the freight rates of relevant routes may increase significantly in the short term.
coal stocks soared again. Is there a historic allocation opportunity? Focus on three main lines
In early trading on Thursday, coal stocks continued to be strong. As of press time, Yunnan Coal & Energy Co.Ltd(600792) , Beijing Haohua Energy Resource Co.Ltd(601101) rose by more than 10%, and Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Shanxi Coal International Energy Group Co.Ltd(600546) , Jinneng Science&Technology Co.Ltd(603113) , Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) , etc. followed suit. According to the news, on March 2, the general office of the national development and Reform Commission issued a notice to make deployment arrangements for further signing medium and long-term coal contracts and strengthening the supervision of contract performance. The notice emphasizes that all medium and long-term coal contracts in 2022 will be entered and confirmed through the online platform of the national coal trading center, and the integrity performance commitment will be signed online, which will be included in the integrity performance guarantee platform of the “credit China” website for supervision. All contracts signed and entered shall be negotiated and determined as soon as possible in accordance with the reasonable range specified in the notice of the national development and Reform Commission on further improving the coal market price formation mechanism.
Shanxi Securities Co.Ltd(002500) also pointed out that the previous landing of the price range of the long-term association had a certain impact on the market sentiment, but under the continuous conflict between Russia and Ukraine, the international coal price remained high, and China’s coal price was still supported. With the end of the Winter Olympic Games, the resumption of work and production in the downstream led to the strengthening of the coal demand side, and it is expected that enterprises with high-quality resources are expected to repair the valuation.
Cinda Securities said that the problem of industry capacity cycle mismatch has not changed. When the demand side continues to increase and the elasticity of the supply side is very small, coal prices are easy to rise and difficult to fall. It is a general trend to go up after maintaining a high level and shaking, and the industry business cycle will continue to improve.
In terms of allocation, the research report said that it is right to allocate the coal sector at this stage, and it is recommended to continue to pay attention to the historic allocation opportunities of coal. Focus on three main lines: first, under the tight supply and demand of coal in China, low inventory, high price and policy encouragement to increase production and ensure supply, favorable listed companies of thermal coal: Yanzhou Coal Mining Company Limited(600188) , Shaanxi Coal Industry Company Limited(601225) , China Shenhua Energy Company Limited(601088) , China Coal Energy Company Limited(601898) ; Second, it is suggested to pay attention to the southwest coking coal leader Guizhou Panjiang Refined Coal Co.Ltd(600395) , which has a large space for endogenous extension, and the pioneer of state-owned enterprise reform Pingdingshan Tianan Coal Mining Co.Ltd(601666) ; Third, it is suggested to pay attention to Shanxi Coking Coal Energy Group Co.Ltd(000983) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , which have great potential for extensive expansion brought by the increase of asset securitization rate of state-owned coal groups.
covid-19 drug concept active again, “20cm” limit of Chengda Pharmaceutical Shanghai Junshi Biosciences Co.Ltd(688180) etc. rose sharply
Covid-19 drug concept was active again in the session on the 3rd. As of press time, Chengda pharmaceutical’s “20cm” limit rose, while Maiwei biology, Shanghai Junshi Biosciences Co.Ltd(688180) , Staidson(Beijing) Biopharmaceuticals Co.Ltd(300204) , etc. rose higher. It is worth noting that Chengda pharmaceutical has performed strongly recently. Since February 14, the cumulative increase of the stock has doubled. The company recently said that it is mainly committed to providing cdmo services for key pharmaceutical intermediates for multinational pharmaceutical enterprises and pharmaceutical R & D institutions. Entrusted by Pfizer API factory, Pfizer customized and developed pharmaceutical intermediate pf-07304814. The corresponding sales revenue accounted for 0.61% and 1.16% of operating revenue in 2020 and January June 2021 respectively.
In terms of news, relevant research institutions recently said that Pfizer is expected to accelerate the implementation through the list of generic drug manufacturers authorized by MPP (Geneva drug patent pool organization). Pfizer has authorized 95 countries to produce paxlovid generic drugs through the organization. Considering that the population of 95 MPP member countries has exceeded half of the world’s total population and the market demand is huge, its final authorization list is expected to be announced in the near future.
Minsheng Securities said that in January, the MPP organization authorized 27 enterprises to produce the rights and interests of molnupiravir, an oral drug of MSD covid-19, and the authorized enterprises can sell molnupiravir’s generic drugs in 105 low – and middle-income countries (excluding China). Driven by the imitation production of Pfizer covid-19 specific drugs authorized by MPP, the upstream intermediate industry chain is about to usher in huge demand and profit elasticity.
Kaiyuan Securities pointed out that the nmpa approved the import registration of Pfizer covid-19 small molecule drugs conditionally. It is expected that China does not have the conditions for full liberalization in the short term. Considering that overseas is still a high epidemic area, the transmission speed of mutant strains is faster and the symptoms are still more serious than influenza, the rash liberalization may lead to the consequences of run on medical hospitals, The medical and economic costs paid will be much higher than the current “dynamic clearing” policy cost of “external defense input and internal defense rebound”.
In the follow-up, the epidemic prevention policy may be adjusted according to the progress of overseas epidemic, the changes of toxicity and infectivity of covid-19 virus, and the actual situation of China. However, considering the use of vaccine + covid-19 specific drugs, combined with Pfizer covid-19 oral drugs, China has additional conditions to be approved. The relevant benefit sectors include covid-19 oral drugs, vaccines, cdmo and other related industrial chains, traditional Chinese medicine, medical services, etc.
tourism, hotel and catering sectors strengthened China United Travel Co.Ltd(600358) , Jiangsu Tianmu Lake Tourism Co.Ltd(603136) daily limit Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) and others pulled up
The tourism, hotel and catering sectors rose in intraday shock on the 3rd. As of press time, in the tourism sector, China United Travel Co.Ltd(600358) , Jiangsu Tianmu Lake Tourism Co.Ltd(603136) limit, China Cyts Tours Holding Co.Ltd(600138) close to the limit, Xi’An Qujiang Cultural Tourism Co.Ltd(600706) , Utour Group Co.Ltd(002707) and other gains were ahead; In terms of hotel catering sector, Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) , Btg Hotels (Group) Co.Ltd(600258) led, Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Huatian Hotel Group Co.Ltd(000428) , etc.
Some analysts pointed out that recently, the temperature across the country began to rise. With the arrival of spring, the tourism industry began to go out of the off-season, and the peripheral tours and self driving tours with the theme of flower appreciation and spring outing and outdoor hiking began to heat up. Recently, the national policy for the recovery and development of the service industry has been issued to support the tourism, catering, retail and other industries greatly affected by the epidemic, which is expected to drive the further recovery of the industry.
In addition, since 2017, the government work reports of the two sessions have repeatedly proposed to release the potential of China’s tourism market to develop and expand the tourism industry by implementing the paid vacation system and improving tourism facilities and services based on the expansion of domestic demand.
Dongguan Securities believes that the two sessions will be held soon. From the work tasks related to the tourism industry of the two sessions in recent years, expanding domestic demand is an important basis for the development of tourism at the current stage. It is expected that the tax-free industry will become an important business card to attract overseas consumption and expand domestic demand at the current stage with competitive prices. It is expected to introduce corresponding policies during the two sessions in 2022, Further support the development of China’s tourism duty-free industry. Recommend tax-free faucet China Tourism Group Duty Free Corporation Limited(601888) etc; The recommendation concentration has increased rapidly, benefiting from the recovery of tourism industry, such as Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Btg Hotels (Group) Co.Ltd(600258) , etc.
