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The brokerage sector is active again Chinalin Securities Co.Ltd(002945) two connected boards Caida Securities Co.Ltd(600906) and so on
The brokerage sector was active again on the 9th. As of press time, Chinalin Securities Co.Ltd(002945) rose by the limit, Caida Securities Co.Ltd(600906) , Southwest Securities Co.Ltd(600369) , Boc International (China) Co.Ltd(601696) , Caitong Securities Co.Ltd(601108) and so on. It is worth noting that Chinalin Securities Co.Ltd(002945) has been trading for two consecutive trading days.
On the news side, the third quarter monetary policy implementation report released by the central bank on November 19 released the signal of marginal liquidity shift, and there is a high probability of marginal easing of monetary policy in the future. On December 6, the people’s Bank of China announced that it decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on December 15, 2021 (excluding financial institutions that have implemented the 5% deposit reserve ratio). The RRR reduction is a comprehensive RRR reduction, releasing a total of about 1.2 trillion yuan of long-term funds. After this reduction, the weighted average deposit reserve ratio of financial institutions is 8.4%.
Institutional analysis believes that the average daily turnover of the two cities has returned to the normal level of trillion scale recently, with active transactions. From the perspective of supervision, the policy continues to be loose and good, providing a good development environment for the securities industry. In 2018, after experiencing the stage of large impairment losses caused by credit default events and the continuous downturn of the market, the securities industry began to repair its performance upward since 2019. In terms of policy, the timely RRR reduction signal proposed by the national high level recently is expected to stimulate the vitality of the overall financial sector, and then stimulate the valuation repair and upward of the securities sector. In addition, the market probability in December will usher in the restless market in spring. In the future, with the interpretation of the restless market in spring, the market transaction is expected to remain active, which is conducive to the improvement of the performance of securities companies and is expected to further promote the market of securities companies.
Anxin Securities pointed out that from a fundamental point of view, the prosperity of the securities sector is at an all-time high. The growth certainty of the annual performance of 2021 is strong under the high base level of last year, which deviates from the fact that the valuation has not yet reached a reasonable range. The securities sector is highly sensitive to policies and liquidity. At present, the implementation of a number of policies resonates with the expectation of abundant liquidity, and the securities sector has sufficient action power. In the long run, wealth management will reshape the valuation system of the securities sector. It is recommended that investors pay attention to the investment opportunities of the securities sector, and recommend the main line securities companies of wealth management, such as Gf Securities Co.Ltd(000776) , Orient Securities Company Limited(600958) , East Money Information Co.Ltd(300059) , And pay attention to industry leaders Citic Securities Company Limited(600030) , China International Capital Corporation Limited(601995) H.
liquor stocks rose strongly Anhui Kouzi Distillery Co.Ltd(603589) and other trading limits Kweichow Moutai Co.Ltd(600519) once rose nearly 3% to break through 2100 yuan
Liquor stocks had a strong intraday trend on the 9th. As of press time, Anhui Kouzi Distillery Co.Ltd(603589) rose by the limit, Wuliangye Yibin Co.Ltd(000858) rose by nearly 4%, and Kweichow Moutai Co.Ltd(600519) once rose by nearly 3%, breaking the integer mark of 2100 yuan.
For liquor stocks, Guotai Junan Securities Co.Ltd(601211) pointed out that the information feedback continued to catalyze the end of the Baijiu, and the high-end volume five Lu 2022 volume and price development has obvious marginal changes, the valuation level is at a reasonable level, Moutai accelerated, Wuliangye Yibin Co.Ltd(000858) expected and low valuation, Laojiao high elasticity continued, multiple factor catalysis, the current high-end Baijiu configuration value is outstanding.
According to the securities, the Baijiu plate has been fully digested in the early stage, and the mainstream brand price and inventory are healthy at the market level. At the company level or the implementation of strategic adjustment or the determination to change, the industry is still in a healthy upward cycle. The high-end liquor enterprises have strengthened the control of market pricing in order to stabilize the industry fluctuation and based on the longer-term development. The sub high-end liquor enterprises have strong business confidence. At the macro level, they have ushered in the correction of comprehensive standard reduction and strict regulatory policies in the early stage. The overall environment for the development of the industry is expected to be improved. The liquor industry will remain optimistic next year, and the top Baijiu Baijiu Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) and Luzhou Laojiao Co.Ltd(000568) will be expected to usher in double promotion of performance and valuation. Recommend the Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) of the higher level liquor in the second high-end baijiu. Although the capacity of secondary high-end liquor enterprises is expanding rapidly, the competition is fierce. The matching of channel power and channel and product positioning is the core competitive factor. At present, the performance of leading famous liquor enterprises is relatively strong. It is suggested to pay attention to the actual channel operation of secondary high-end liquor enterprises and pay attention to Jiugui Liquor Co.Ltd(000799) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) . The real estate liquor leader with a solid base market is expected to fully benefit from the upgrading of consumption in the province, and gradually contribute flexibility to the expansion of peripheral markets, paying attention to Anhui Gujing Distillery Company Limited(000596) , Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) .
the home furnishing sector rose strongly Huida Sanitary Ware Co.Ltd(603385) , and many stocks such as gold medal cabinets rose by the daily limit
The household sector rose strongly on the 9th, with Markor International Home Furnishings Co.Ltd(600337) , Guangzhou Seagull Kitchen And Bath Products Co.Ltd(002084) , Huida Sanitary Ware Co.Ltd(603385) , Xiamen R&T Plumbing Technology Co.Ltd(002790) , Goldenhome Living Co.Ltd(603180) , A-Zenith Home Furnishings Co.Ltd(603389) and other daily limits. The Equity Research Department of Dongfang Fund believes that the performance of residential commercial housing sales and completion in October is weak, but with the marginal relaxation of follow-up real estate policies, the market’s pessimism about the home industry is expected to be repaired. It is worth noting that furniture exports maintained steady growth under the high base in the same period last year, and recently sea freight began to improve marginally, the price of raw materials decreased, the cost side pressure of export household enterprises was relieved, and the price increase in the early stage was gradually reflected. It is expected that the subsequent profitability is expected to improve.
The agency believes that the investment opportunities in the home industry deserve attention, which are mainly reflected in two aspects: first, with the marginal relaxation of real estate policy, the renovation of old houses will drive the incremental demand for home, and home enterprises with brand, product and channel advantages are expected to increase their share. Second, the demand for furniture exports has maintained growth, and enterprises with stable supply chain can continue to obtain high growth orders. It is suggested to pay attention to the profit improvement opportunities of export household enterprises brought by the decline of sea freight and the easing of raw material cost pressure.
Zheshang Securities Co.Ltd(601878) also believes that in the early stage, based on the emphasis on real estate control, real estate β The underlying negative factors have been basically fed back, and the pessimism is expected to be repaired under the expectation of marginal relaxation of follow-up policies, which is conducive to the overall repair of the home sector, with continuous emphasis on strong competitiveness α The share of leading enterprises increased.
the concept of Medical Beauty Rose Lancy Co.Ltd(002612) such as the daily limit Imeik Technology Development Co.Ltd(300896) such as the big rise
Yimei concept rose on the 9th, with Suzhou Medicalsystem Technology Co.Ltd(603990) , Aoyuan Beauty Valley Technology Co.Ltd(000615) , Lancy Co.Ltd(002612) and Imeik Technology Development Co.Ltd(300896) , Bloomage Biotechnology Corporation Limited(688363) , Shuyu Civilian Pharmacy Corp.Ltd(301017) share prices rising sharply.
In terms of news, on November 2, the law enforcement guide for medical beauty advertising was officially released. On the whole, the content is not much different from the draft for comments in August, and the chaos of medical beauty advertising is focused on rectification; On November 9, the State Drug Administration issued a notice on Soliciting Opinions on the adjustment of the classification catalogue of medical devices. Products containing hyaluronic acid and other materials that can moisturize, replenish water and improve skin state are to be supervised according to class III devices; On November 25, the food and Drug Crime Investigation Bureau of the Ministry of Public Security issued a notice to severely crack down on criminal activities such as the illegal manufacture and sale of medical and American products. On the whole, the industry supervision is becoming stricter.
Open source Securities pointed out that under the background of stricter supervision: for the upstream, the replacement speed and degree of compliant licensed products to non-conforming products will be improved, which will benefit the leading products with class III medical device qualification. The upstream industry of medical beauty has high R & D and qualification barriers. The technology, safety and effectiveness of leading companies such as Imeik Technology Development Co.Ltd(300896) , Bloomage Biotechnology Corporation Limited(688363) have been recognized by the downstream, with outstanding core competitiveness. Star products + new products are expected to drive sustainable growth. For medical beauty institutions, under the background of stricter supervision of medical beauty advertising, the advantages of institutional brand value will be highlighted, which will benefit the leading medical beauty institutions.
Zheshang Securities Co.Ltd(601878) said that the medical beauty and cosmetics POLICIES continued to increase, which was good for the leader. The main investment line still focuses on the leading enterprises with excellent fundamentals. In addition, there are still many vicissitudes of “low valuation and excellent fundamentals” in the track. It is suggested to actively explore the opportunities of small tickets with high elasticity. Recommended key layout:
1) High certainty of performance growth, fast compound growth in the next two years and fast digestion of valuation. Medical beauty and cosmetics are the leaders with strong fundamentals. The PE of the leading target is usually between 70-120 times this year. It is recommended to choose the leader with fast performance growth, high certainty and fast digestion of valuation in the next year.
2) The small ticket with low value and high elasticity has fast performance growth and good growth, and is in the “small lotus only exposed sharp corner” in the industry. The follow-up is expected to usher in a new era.
Utour Group Co.Ltd(002707) large single letter limit Ali network intends to acquire 6.04% of the company’s shares
Utour Group Co.Ltd(002707) (002707) opened on the 9th, i.e. one word limit. It was announced on December 8 that on December 8, Alibaba network signed a share transfer agreement with Feng bin, the controlling shareholder and actual controller of the company, and Guo Hongbin, a shareholder holding more than 5%. Alibaba network transferred Utour Group Co.Ltd(002707) 37009442 shares and 17764281 shares held by Mr. Feng bin and Mr. Guo Hongbin respectively through agreement transfer, A total of Utour Group Co.Ltd(002707) 54773723 tradable shares without sale conditions were transferred, accounting for about 6.04% of the total share capital of the listed company.
Before this equity change, Alibaba network held 45470295 tradable shares of the listed company with no sale conditions, accounting for 5.02% of the total share capital of the listed company. After this equity change, Alibaba network will hold 100244018 tradable shares of the listed company with no sale conditions, accounting for about 11.06% of the total share capital of the listed company
It is worth noting that recently, Utour Group Co.Ltd(002707) terminated the major asset restructuring with Caissa Tosun Development Co.Ltd(000796) . Recently, Utour Group Co.Ltd(002707) announced that the company held the 43rd meeting of the Fourth Board of directors and the 32nd meeting of the Fourth Board of supervisors on December 3, 2021 to consider and adopt the proposal on terminating Caissa Tosun Development Co.Ltd(000796) share exchange, absorption and merger Utour Group Co.Ltd(002707) and raising supporting funds and related party transactions, It is decided to terminate Caissa Tosun Development Co.Ltd(000796) and absorb Utour Group Co.Ltd(002707) and raise supporting funds by issuing A-share shares to all shareholders of Utour Group Co.Ltd(002707) .
The company pointed out that since the launch of this transaction, the company and relevant parties have actively promoted relevant work. In view of the fact that this major asset reorganization adopts the method of absorption and consolidation, involves many links, and is affected by the covid-19 pneumonia epidemic and the changes in the market environment of this transaction, continuing to promote this major asset reorganization may face great uncertainty risks. In order to effectively safeguard the interests of the listed company and all shareholders, after careful research and friendly negotiation with all parties to the transaction, both parties to the transaction jointly decide to terminate the transaction.
five aspects of promoting agricultural and rural modernization in the “14th five year plan”
According to China Central Television Network, the relevant person in charge of the national development and Reform Commission said on December 8 that to promote agricultural and rural modernization during the 14th Five Year Plan period, efforts will be made to implement the requirements of building a new development pattern in five aspects. First, deepen the structural reform of the agricultural supply side, promote the overall planning of grain, economy and feeding, and the coordination of agriculture, forestry, animal husbandry and fishery, optimize the structure of grain varieties, and promote the green transformation of agriculture. Second, strengthen the support of modern agricultural science and technology, deeply promote agricultural science and technology innovation, strengthen the protection and utilization of germplasm resources and the construction of seed bank, and improve the agricultural science and technology innovation system. Third, unblock the two-way circulation channels in rural areas, improve the county and rural three-level logistics distribution system, transform and improve the rural delivery logistics infrastructure, and strengthen the construction of rural market. Fourth, promote the upgrading of rural residents’ consumption echelon, take multiple measures to increase farmers’ income, implement rural consumption promotion actions, and vigorously implement rural construction actions. Fifth, promote the high-level opening-up of agriculture, implement the Shenzhen Agricultural Products Group Co.Ltd(000061) import diversification strategy, and deeply participate in the agriculture related negotiations of the World Trade Organization and global food and agriculture governance.
In terms of grain, Guotai Junan Securities Co.Ltd(601211) pointed out that according to the interpretation of the National Bureau of statistics, the national grain output reached a new high in 2021, and the growth of corn sowing area exceeded expectations. However, affected by the weather, the unit yield of corn declined, and the actual demand accelerated the development of transgenic technology. It is considered that China’s seed industry is in the process of accelerating integration, the commercialization of GM has begun, and the industry pattern will continue to improve in the future. It is recommended that Yuan Longping High-Tech Agriculture Co.Ltd(000998) , Beijing Dabeinong Technology Group Co.Ltd(002385) , and Winall Hi-Tech Seed Co.Ltd(300087) with strong technical strength and GM first mover advantage are recommended, and the benefit target is the leading corn seed enterprise Shandong Denghai Seeds Co.Ltd(002041) .
In terms of rural logistics, Galaxy Securities said that under the background of common prosperity, improving the rural delivery logistics system will further speed up, rural logistics will benefit from the continuous support of policies, and Shenzhen Agricultural Products Group Co.Ltd(000061) opportunities in areas such as uplink logistics chain, cold chain storage facilities and rural logistics equipment will be highlighted. Recommend integrated logistics providers S.F.Holding Co.Ltd(002352) and JD logistics with leading cold chain logistics capabilities; Transfar Zhilian Co.Ltd(002010) with 63 highway ports and storage resources is recommended; Tongda is recommended to be Zhongtong express, Yunda Holding Co.Ltd(002120) , Yto Express Group Co.Ltd(600233) , which takes the lead in the express market.
In terms of rural consumption, Huaan Securities Co.Ltd(600909) believes that the implementation of the policy of sending home appliances to the countryside will further open the demand space of the home appliance market and improve offline consumption on the premise that the epidemic situation in China is gradually stable and the supply and demand are gradually released. It is continuously recommended to pay attention to the integrated stove leader Zhejiang Meida Industrial Co.Ltd(002677) with strong product advantages and development potential and Marssenger Kitchenware Co.Ltd(300894) with multiple avant-garde marketing channels and rapid expansion of scale. It is recommended to continue to pay attention to the significant recovery of retail. At the same time, with the warming of the real estate, it is expected to have a significant marginal improvement in the fine decoration channel kitchen electric faucet Hangzhou Robam Appliances Co.Ltd(002508) . It is recommended to pay attention to Midea Group Co.Ltd(000333) , Haier Smart Home Co.Ltd(600690) , Gree Electric Appliances Inc.Of Zhuhai(000651) .
