Latest views
On Wednesday, the stock indexes of the two cities of A-Shares fluctuated narrowly. As of the close, the Shanghai stock index fell 0.07%, the Shenzhen Component Index rose 0.70%, the gem index rose 0.55%, the Shanghai and Shenzhen 300 rose 0.02%, the Shanghai Stock Exchange 50 fell 0.38% and the China Stock Exchange 500 rose 0.37%. The number of gainers in the two cities was 2322, higher than the average value of 2224 last week and lower than 3617 in the previous trading day. The daily limit was 97, higher than the average value of 95 last week and lower than 159 on the previous trading day. The net outflow of northbound funds was 1.745 billion yuan, the average value of last week was 2.293 billion yuan, and the net outflow of the previous trading day was 997 million yuan. The turnover of the two cities was 1063.3 billion yuan, breaking trillion yuan for the 43rd consecutive trading day. After the rebound of A-share contraction, it is in the process of horizontal shock. In a short cycle, the index will usher in a restorative rebound after continuous decline, but it is not certain that the market has stopped falling. At present, there may still be a step back action. If the decline does not accelerate again, the Shanghai stock index is expected to usher in the possibility of impact above 3650 points again.
Topic tracking
Today’s focus: Traditional Chinese medicine, NFT, state-owned assets cloud concept
1. Theme of traditional Chinese medicine: on the morning of December 19, 2021, “the first member congress and the first Council of the working committee of traditional Chinese Medicine Inheritance of China National Health Association” was held in Beijing to help promote the inheritance and innovation of traditional Chinese medicine and the revitalization and development of national health. Since this year, the favorable policies of traditional Chinese medicine have occurred frequently. Inheritance, innovation and coordinated development of traditional Chinese and Western medicine have become national strategies. At present, the performance of traditional Chinese medicine enterprises has ushered in marginal improvement, and the industry is expected to usher in greater development in the future. Suggestions: Guangyuyuan Chinese Herbal Medicine Co.Ltd(600771) (600771), Guizhou Bailing Group Pharmaceutical Co.Ltd(002424) (002424)
2. NFT concept: since this year, NFT’s international market has been active, and its sales increased to US $2.5 billion in the first half of the year. Non-homogeneous token (NFT) is an encrypted digital proof of interest based on blockchain technology that cannot be copied, tampered with or divided. NFT relies on blockchain technology to ensure the uniqueness, authenticity and permanence of digital assets, enhance their liquidity, effectively solve the problem of ownership confirmation of online assets and solve the pain points of copyright protection. NFT application scenarios focus on three areas: digital collections, game assets and metaverse. The recent popularity of the concept of meta universe also has a certain catalytic effect on it. Suggestions: Tangel Culture Co.Ltd(300148) (300148), Chengdu B-Ray Media Co.Ltd(600880) (600880)
3. State owned cloud concept: affected by the suspension of Alibaba cloud’s network security threat information sharing platform partners of the Ministry of industry and information technology, cloud service data security received market attention, and the state owned cloud sector rose. State owned assets cloud refers to the data security infrastructure cloud platform invested, established and operated by local SASAC to promote the acceleration of digital transformation of state-owned enterprises. In recent years, people have been paying constant attention to data management and data security. One of the starting points of building state-owned assets cloud is to effectively control state-owned enterprise data and prevent data security problems. Although China’s cloud computing currently accounts for only 2.7% of national expenditure, with low penetration, China’s cloud computing is growing rapidly, with an average growth rate of 34% in the industry, which has a large market space. It is suggested to pay attention to: Beijing Topnew Info&Tech Co.Ltd(300895) (300895), Beijing E-Hualu Information Technology Co.Ltd(300212) (300212).
Risk statement
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
(Huaxin securities)
