On December 7, the A-share market remained at a high level, with a half day turnover of about 800 billion yuan, but the consolidation state of the market remained the same.

In terms of plates and individual stocks, it reproduces the switching.

On the main line in the morning, the relevant sectors of the real estate industry chain rose, and the collective sectors of real estate, household goods, building materials, construction, household appliances and construction machinery rose sharply. Yesterday, the rise of the brokerage sector slowed down and rose slightly in the morning.

Previously, the high prosperity track plates such as lithium battery, military industry and semiconductor fell collectively, and the heavyweight Contemporary Amperex Technology Co.Limited(300750) once fell nearly 6%.

the collective rise of "real estate chain" stocks, the collective rise of household, building materials, construction and household appliances, and the multi stock limit

Market data show that this morning, the real estate, household goods, building materials, construction, home appliances and other sectors of the real estate industry chain rose sharply.

Among them, the household goods sector led the increase, with an increase of more than 4%. Intraday limit of Suofeiya Home Collection Co.Ltd(002572) , Zbom Home Collection Co.Ltd(603801) and other stocks. Compared with the real estate development industry, the household goods industry is one of the industries that can better reflect the self occupied demand in the real estate market.

The real estate sector rose sharply by more than 2%, and many stocks such as Jinan High-Tech Development Co.Ltd(600807) , Tieling Newcity Investment Holding (Group) Limited(000809) , Shanghai New Huang Pu Industrial Group Co.Ltd(600638) , Cccg Real Estate Corporation Limited(000736) rose by the limit. Shenzhen Sdg Service Co.Ltd(300917) , Yango Group Co.Ltd(000671) , Seazen Holdings Co.Ltd(601155) and others led the increase.

Shares in building materials, construction and household appliances also rose sharply. These sectors belong to an important part of the real estate industry chain.

In addition, the construction machinery sector also rose sharply. Xiamen Xgma Machinery Company Limited(600815) daily limit. Sany Heavy Industry Co.Ltd(600031) rose more than 6% in the session.

The more common market view is that the RRR reduction and the latest statement on the real estate industry at the Politburo meeting have a certain boost to the real estate industry.

According to the view of Guotai Junan Securities Co.Ltd(601211) , "timely RRR reduction" is expected to improve the real estate financing environment, and the valuation of household appliances may usher in repair.

At the Politburo meeting held on Monday (December 6, 2021), the latest description of the real estate industry was "promoting the healthy development and virtuous circle of the real estate industry".

Soochow Securities Co.Ltd(601555) believes that the conference ranked "promoting the construction of affordable housing" first, that is, the construction of affordable housing may replace the construction of commercial housing and gradually become an important starting point for the growth of real estate investment. For example, during the 14th Five Year Plan period, Shanghai plans to build more than 470000 sets (rooms) of affordable rental housing, accounting for more than 40% of the total new housing supply in the same period. Therefore, the policy may support the acquisition of some troubled developer projects and turn them into the construction of affordable housing after the acquisition.

Soochow Securities Co.Ltd(601555) believes that "supporting the commercial housing market to better meet the reasonable housing needs of buyers" means that for commercial housing, guarantee sales is the first. Only when the sales of commercial houses are stable can we help those developers in trouble supplement cash flow and build market confidence. At the same time, it is worth noting that real estate sales is an important pillar of the real estate industry (service industry), and the proportion of real estate GDP in GDP has reached 7.3% in 2020. Therefore, in addition to the relaxation of the financing end since the fourth quarter of 2021, local governments should successively introduce some deregulation policies on the sales end.

Soochow Securities Co.Ltd(601555) believes that the latest statement on the real estate industry at the Politburo meeting is intended to stabilize market confidence rather than turn to comprehensive stimulus. Moreover, from the experience of 2018 and 2019, the expression of "housing without speculation" often appears in the central economic work conference in December, rather than the meeting of the Political Bureau. In the follow-up, we can pay attention to the setting tone of the central economic work conference for real estate.

According to the research view of Boc International (China) Co.Ltd(601696) , the overall performance of the fundamentals of the construction industry will pick up in 2021, the performance of central and local construction enterprises will be outstanding, and the situation of newly signed orders will continue to improve. In terms of infrastructure, the government has more determined policies and does not engage in "flood irrigation". It is expected that the growth rate of infrastructure investment will remain stable in 2022; The state has issued a number of policies to regulate the real estate market, resulting in a tight capital chain for real estate enterprises. Since 2020, the inventory area of real estate has shown a downward trend, and it is relatively difficult for real estate enterprises to replenish inventory. It is expected that the performance of new construction data may decline in 2022. In terms of segment segmentation, it is recommended to pay attention to BIPV and prefabricated construction investment opportunities.

260 billion market value "Zhumao" fell by more than 6% at the opening, and the commercial tickets of nine of its companies were overdue

Among the stocks that fell sharply this morning, the opening of Muyuan Foods Co.Ltd(002714) which is popularly known as "pig grass" fell more than 6%, which was the biggest decline in the near future. As of midday closing, Muyuan Foods Co.Ltd(002714) still fell nearly 5%.

Muyuan Foods Co.Ltd(002714) announced last night that the company was concerned that some online we media and stock investment forums had news about the overdue commercial acceptance bills of Muyuan Foods Co.Ltd(002714) subsidiaries. Muyuan Foods Co.Ltd(002714) said that after verification by the company, Shanghai Stock Exchange recently publicized the list of continuous overdue (as of November 30, 2021). From August 1 to November 30, 2021, a total of 32 subsidiaries of the company were overdue in payment. According to the verification of the company, as of November 30, 2021, 23 subsidiaries have completed the cashing of all overdue commercial bills, and 9 subsidiaries have overdue commercial acceptance bills, totaling RMB 17.0727 million; As of December 6, 2021, 9 subsidiaries of the company still had overdue commercial acceptance bills totaling 7.5598 million yuan.

For the reason why the bill was not cashed in time, Muyuan Foods Co.Ltd(002714) said that after verification by the company, the company was unable to cash the commercial acceptance bill on time because the company did not receive the effective prompt payment application from some holders in time, or the clearing method selected by the holders did not meet the bank's requirements. The company has actively communicated with the holders and banks to promote the smooth cashing of commercial acceptance bills and protect the legitimate rights and interests of the holders.

Muyuan Foods Co.Ltd(002714) also said that at present, the company's production and operation and cash flow are normal. As of the end of September 2021, the company's monetary capital balance was 9.95 billion yuan. The company has issued special management systems and measures according to relevant conditions. In the future, it will strengthen management and maintain active communication with banks and ticket holders to avoid similar events from happening again.

It is worth noting that on December 6, Muyuan Foods Co.Ltd(002714) the board of directors also considered and adopted the proposal on the company and its holding subsidiaries applying for credit line from banks and other financial institutions, and agreed to submit the proposal to the general meeting of shareholders for deliberation. In order to ensure that the company has sufficient production, operation, investment and construction funds, the company and its holding subsidiaries (including subsidiaries newly established or included in the scope of consolidated statements) intend to apply for a total credit line of no more than RMB 70 billion from banks and other financial institutions. The specific financing amount will be determined according to the actual capital needs of the company and its holding subsidiaries for production, operation, investment and construction.

Up to now, the market value of Muyuan Foods Co.Ltd(002714) is still close to about 260 billion.

Hong Kong technology stocks rebounded

In addition to a shares, the Hong Kong stock market also rebounded this morning. Among them, the Hang Seng technology index rebounded significantly. The index once rose sharply by more than 2.5%.

In terms of specific stocks, Alibaba Hong Kong stocks rebounded sharply by more than 9%. In fact, Alibaba's US stocks also rose more than 10% last night. However, due to the recent continuous decline of share price, the total market value of Alibaba has been lower than Kweichow Moutai Co.Ltd(600519) .

Hong Kong stocks such as Ctrip group, baidu group, JD health and Yilong also rose sharply.

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(Securities Times)