The Hang Seng Index fluctuated at a low level in the afternoon, closing down 0.24% to 2271302; Hang Seng technology index rose 0.11% to 511802; Real estate and property management sectors fell, while automobile, aviation, mobile games and cloud computing sectors fell; Coal concept stocks and shipping sectors rose; Rongchuang China fell more than 16%, and rongchuang services fell nearly 8%. Rongfengyi holdings fell 89.35%. Rongfengyi holdings was presented with a winding up petition and resumed trading on the 28th.
[sector change]
The real estate sector fell, with rongchuang China down more than 16%, Zhengrong real estate down nearly 6%, Yajule group down more than 5%, Rongxin China down nearly 5%, China Jinmao down more than 4% and China Olympic Park down nearly 4%.
The property management sector fell, with Caisheng down more than 8%, rongchuang service down nearly 8%, xinchengyue service down more than 5%, hejingyouhuo down 5%, Evergrande property and Shimao service down more than 3%, and Country Garden Service down nearly 3%.
The cloud computing sector fell, with Jinshan software down nearly 6%, Kingdee International and Inspur international down nearly 4%.
The shipping sector rose, with OOCL up nearly 8%, Cosco Shipping Holdings Co.Ltd(601919) , The Pacific Securities Co.Ltd(601099) shipping up nearly 7%, and Cosco Shipping Energy Transportation Co.Ltd(600026) up nearly 5%.
[institutional perspective]
Citic Securities Company Limited(600030) : the reasonable price range of coal price has been settled, and the certainty of profit of power enterprises has increased
Citic Securities Company Limited(600030) research report points out that at present, coal power still has a small loss under the condition that the downstream electricity price has increased a lot, and policies need to guide the coal price to be within a reasonable range to ensure the safety of power supply and coordinated development; According to the calculation of 770 yuan / ton of the upper limit of the range, if the market transaction price increases by 20%, it is expected that coal-fired power enterprises can still realize low profits, and the policy is clear, strengthen supervision to ensure contract performance, and the profit certainty of coal-fired power enterprises increases; Driven by the rising pressure of fossil fuel costs in the early stage of energy transformation and the rising system cost of new energy access, China’s medium and long-term electricity prices are entering a rising cycle.
Goldman Sachs: raise the 1-month Brent crude oil price forecast to $115 / barrel
Goldman Sachs: raised the 1-month Brent crude oil price forecast from US $95 / barrel to US $115 / barrel; The situation in Ukraine will push up the prices of oil, natural gas, nickel, wheat and corn. The impact of the Ukrainian crisis on commodity supply may intensify.
