Today (November 30), A-Shares differentiated in early trading, and the performance of the Shanghai index was stronger than that of the gem index; In the afternoon, there was a wave of diving in the stock index, and the decline narrowed in the late trading. On the disk, aerospace, medical devices, automobile, communications, cement and building materials and other industries led the increase; Energy, metals, wine and other industries led the decline. In terms of subject stocks, digital currency, network security, mobile payment, in vitro diagnosis and cloud computing led the gains, while salt lake lithium extraction, rare earth permanent magnet, electronic cigarette and power exchange concept led the declines.
A-Shares are opening a new year’s market? How is December arranged? Institutions should pay attention to these directions
On the last trading day of A-Shares in November, the two cities suffered weak shocks after the high opening in the morning, and the transaction volume exceeded trillion for 28 consecutive trading days. In terms of sectors, shipping and military industry strengthened, digital currency was active all day, and covid-19 detection concept stocks rose in the afternoon; Rare earth permanent magnet, Saline Lake lithium extraction, electronic cigarette, Baijiu and other top down. Looking forward to the future, the agency believes that A-Shares are opening a new year’s market, which may be a good time to layout high-quality assets. In the specific direction, we favor consumption, military industry, banks, new energy and other tracks.
According to the calculation of YueKai securities, the probability of rise of CSI 300 index in December in the past 10 years is 60%, with an average increase of 3.8%. Specifically, in the past 10 years, the sectors with high rise probability in December include household appliances, food and beverage, medicine and biology, leisure services, etc. YueKai Securities believes that the performance of the consumer sector is relatively strong at the end of the year, mainly because the end of the year is the traditional peak consumption season.
China Industrial Securities Co.Ltd(601377) the strategy team found that monetary policy and liquidity level, economic fundamentals and prosperity comparative advantage are three important catalytic variables that determine the market performance and advantage style at the end of the year. Among them, the periodic improvement or stabilization of economic fundamentals is an important support for the good market at the end of the year; Loose liquidity margin is the catalyst for the good market at the end of the year; Boom dominated style is more likely to become the main line of market interpretation.
the promotion of digital RMB is accelerating in an all-round way. Are there investment opportunities in relevant segments?
On the morning of November 30, the intraday changes of digital currency pulled up, and many stocks performed well. On the news front, according to the data of the central bank, as of October 22, 2021, China had opened 140 million digital RMB wallets, 10 million corporate wallets, 150 million transactions and a transaction volume of nearly 62 billion yuan.
It is reported that at present, a total of 1.55 million merchants support digital RMB wallet transactions, covering public utilities, catering services, transportation, shopping and government affairs. Orient Securities Company Limited(600958) believes that the application of digital RMB will bring new opportunities to relevant industries, and bank it integrators will first benefit from the implementation of digital RMB. Digital RMB coincides with the time node of bank it localization, and digital RMB catalyzes the innovation demand of IT system.
Guosheng Securities pointed out that digital RMB will load smart contracts, realize programmability and conditional payment, or give birth to new business models. The conditional payment function is jointly developed by the people’s Bank of China and the operating institution, or it means that the effective power of digital RMB is “delegated” to the operating institution, which may breed a new business model. Blockchain developers have relevant opportunities.
military stocks won the main force, and nearly 4.5 billion yuan was added to the warehouse organization: this round of market is far from over
On Tuesday afternoon, military stocks continued to be strong. The research report pointed out that during the 13th Five Year Plan period, our army not only created a new situation in the construction of weapons and equipment, but also formed guidelines for the development direction of medium and long-term weapons and equipment. Under the system of independent innovation, independent control and independent research and development, the Navy will develop towards the direction of strategic air force, long-range attack, high-sea defense and serial equipment, so as to accelerate the formation of strategic capabilities.
Zhongtai Securities Co.Ltd(600918) believes that this round of market is far from over, and we should pay attention to the medium and long-term growth logic of the military industry. At the present stage, there is a big gap between China’s national defense strength and economic strength. China needs a large number of new weapons and equipment to make up for its military shortcomings, and the national defense investment is expected to continue to grow. On the other hand, advanced military technology has spillover characteristics. The military technology incubated by military enterprises has great civil value and can be extended to many industries such as semiconductors, civil aviation, commercial aerospace, new energy, consumer electronics, smart cars and smart homes. There is a huge market space for both military and civil uses.
In terms of configuration, Central China Securities Co.Ltd(601375) said that the prosperity of upstream links accelerated, the growth rate of revenue and net profit was high, and the profitability was significantly enhanced. The boom in the middle and lower reaches is gradually transmitted, and the performance inflection point is approaching. Two main lines are recommended: upstream raw materials and electronic components; The aviation equipment industry chain is subdivided into the main engine factory, engine, parts and components, and the leader of parts and components processing.
hydrogen energy top-level planning or accelerating the introduction of concept stocks, which industrial chains deserve attention?
On November 30, the concept of hydrogen energy increased significantly. On the news side, Shanghai, Chongqing, Henan and other places have successively introduced hydrogen energy local subsidy policies recently, which not only involves the whole industrial chain, but also the subsidy is not small.
According to Shanghai Securities News, after a long period of planning and discussion, the national hydrogen energy top-level design is expected to speed up the release to the public. This is a medium and long-term plan involving the hydrogen energy industry, which will play a leading role in the sustainable development of the hydrogen energy industry in the future.
Galaxy Securities said that several heavyweight documents successively issued this year put forward the prospect of hydrogen energy development. Many places have issued the “14th five year plan” for hydrogen energy industry and laid out the construction of hydrogen energy infrastructure in the future. Different policies reflect strong support for the hydrogen energy industry. The superposition industry has great long-term development potential. It is recommended to invest in hydrogen production, storage and transportation, as well as core components and complete vehicles in the hydrogen energy industry chain.
the price increase agency of lithium iron phosphate predicts that the installed capacity of lithium iron phosphate in China will account for 60% in 2025
According to the data of Baichuan Yingfu, the market demand for lithium iron phosphate continued to increase this month, and the mainstream market price was reported as 90000 yuan / ton, an increase of 3000 yuan / ton compared with the previous month. The downstream power cell enterprises have actively inquired, and the market demand continues to be strong.
Caixin Securities pointed out that with the continuous decline of subsidies, battery manufacturers are facing the pressure of cost reduction. The cost performance of lithium iron phosphate battery is prominent, driving the resurgence of its installed capacity. The installed capacity proportion has increased from 13% in February 2020 to 60.8% in September 2021. It is expected that in the absence of major breakthroughs in the battery technology route, lithium iron phosphate will maintain a cost advantage for a long time. With many car enterprises represented by Tesla choosing lithium iron phosphate batteries for supporting, it is expected that the installed capacity of lithium iron phosphate in China will account for 60% in 2025, and that overseas will also reach 20%. It is expected that the medium and long-term penetration rate of lithium iron phosphate in the world is expected to reach 35%.
The preparation process of lithium iron phosphate has been relatively mature, and the prices of materials with similar properties from various manufacturers are also similar. With the continuous overcoming of preparation barriers, the continuous improvement of downstream demand and the continuous release of supply side, it is expected that lithium iron phosphate will show more commodity properties in the future and dilute the product premium brought by manufacturing barriers. Caixin securities suggests paying attention to the industry leader Shenzhen Dynanonic Co.Ltd(300769) with rapid growth under the high demand for lithium iron phosphate; In addition, it is suggested to pay attention to chemical enterprises with resource advantages that cross-border enter the lithium iron phosphate industry, such as Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Sichuan Development Lomon Co.Ltd(002312) , Jiangsu Lopal Tech.Co.Ltd(603906) .
China’s wind power grid connected installed capacity has ranked first in the world for 12 consecutive years (with shares)
According to China Central Television News, according to the national energy administration, up to now, China’s grid connected installed capacity of wind power has reached 300.15 million KW, breaking the 300 million KW mark, doubling compared with the end of 2016, 1.4 times the total installed capacity of wind power in the EU and 2.6 times that in the United States at the end of 2020. It has ranked first in the world for 12 consecutive years.
At present, wind power accounts for about 13% of the total installed power supply in the country, and the power generation accounts for about 7.5% of the total electricity consumption in the whole society, an increase of 0.3 and 1.3 percentage points respectively compared with the end of 2020, and the contribution of wind power to the national power supply continues to increase.
Citic Securities Company Limited(600030) pointed out that after the rush for installation in 2020, the installed capacity center of China’s wind power industry is still expected to reach 40gw in 2021. The subsidy “last bus” for offshore wind power projects will be a strong support. It is expected that the annual average installed capacity of wind power from 2021 to 2025 will be 55gw and CAGR will be 11.8%. The blade is developing towards large-scale, which puts forward higher requirements for the performance of key materials. In the future, wind power materials will develop towards lightweight, high strength and low cost.
The trend of large-scale wind power blades promotes the reform of the supply end of core materials, and the blade technology iteration improves the demand for material performance. The import dependence of key materials for wind power blade manufacturing is high, and some enterprises are accelerating the layout, so localization is imperative. Jilin Carbon Valley, Longhua Technology Group(Luoyang)Co.Ltd(300263) , Sobute New Materials Co.Ltd(603916) , Sinoma Science & Technology Co.Ltd(002080) , China Jushi Co.Ltd(600176) , Shandong Shuangyi Technology Co.Ltd(300690) and Sinopec Shanghai Petrochemical Company Limited(600688) are recommended. It is recommended to pay attention to Jilin Chemical Fibre Co.Ltd(000420) , Yangzhou Chenhua New Material Co.Ltd(300610) , Wuxi Acryl Technology Co.Ltd(603722) , Swancor Advanced Materials Co.Ltd(688585) , Kangda New Materials( Group) Co.Ltd(002669) , Changzhou Tiansheng New Materials Co.Ltd(300169) , Lihuayi Weiyuan Chemical Co.Ltd(600955) and Zhongfu Shenying, which impacts the gem.
