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oil and gas sector was almost "destroyed"! How to lay out the market after the sharp decline of multiple stocks
In the morning trading on March 4, the oil and gas sector with strong recent performance cooled down, many concept stocks were smashed, and only one stock rose. As of press time, Landocean Energy Services Co.Ltd(300157) , Renzhi shares, Sino Prima Gas Technology Co.Ltd(300483) and other stocks led the decline, Xinjiang Beiken Energy Engineering Co.Ltd(002828) , Bomesc Offshore Engineering Company Limited(603727) , Tong Petrotech Corp(300164) and other stocks also led the decline.
On the news front, on March 3, several oil and gas stocks that rose sharply in a row issued a change announcement, saying that there was uncertainty about the impact of high oil prices on the company's future performance Tong Petrotech Corp(300164) announced that high oil prices will stimulate oil companies to have more power to increase capital expenditure on oil and gas exploration and development, which will increase the workload of oil service companies and have a positive impact on the business development of oil service companies. However, from the high oil price to the increase of capital expenditure of oil companies, to the increase of orders and workload of oil service companies, which is finally reflected in the performance of oil service companies, it takes a period of transmission process. Finally, there is uncertainty about whether oil companies can increase capital expenditure and its impact on the future performance of the company.
Ping An Securities said that under the pressure of tight world oil and gas supply and high prices, the coal chemical union has become an important alternative to oil supply. At present, under the high international oil price, the profitability of coal to fuel has improved significantly, which will usher in development opportunities. Coal to oil and coal quality utilization projects are expected to gradually move from planning to implementation, and equipment suppliers and engineering companies upstream of coal chemical industry may benefit. Gasifier, hydrogenation reactor and air separation unit are important equipment of coal to oil project.
semiconductor sector rose strongly Fine Made Microelectronics Group Co.Ltd(300671) led Shenzhen Sunmoon Microelectronics Co.Ltd(688699) , Ingenic Semiconductor Co.Ltd(300223) and other higher
The semiconductor sector rose during the session on the 4th. As of press time, Fine Made Microelectronics Group Co.Ltd(300671) , mingweidian Ingenic Semiconductor Co.Ltd(300223) , etc. led the rise, while Rockchip Electronics Co.Ltd(603893) , srip, Gigadevice Semiconductor (Beijing) Inc(603986) , Wuxi Chipown Micro-Electronics Limited(688508) , Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) , etc. followed the rise.
Some analysts pointed out that the structural shortage of chips and the rise in chip prices still exist, the supply of wafer foundries, some upstream equipment and raw materials is still tight, the growth rate of China's semiconductor industry will remain high in the next two years, and the expansion of downstream production will drive the demand for equipment and more upstream materials.
Hongta Securities Co.Ltd(601236) said that from the perspective of chip growth, at present, the largest increase in demand is vehicle specification chips, but the huge chip market is faced with the dilemma of serious shortage of production capacity. In 2021, the automobile manufacturing industry is the most seriously affected by chip shortage. In the traditional manufacturing field, the annual growth of chip output is basically maintained at 5% ~ 7%, However, from the second half of 2019 to 2020, the annual growth rate of automotive chips has reached about 20%. From the demand and production scheduling plan of vehicle and parts enterprises, there is still a certain gap in chip supply. Therefore, the focus of chip capacity expansion this year is still on vehicle specification chips.
Galaxy Securities believes that the global wafer factories have expanded significantly, and 19 new high-capacity wafer factories will be built before the end of 2021, and another 10 will be started in 2022, which will further stimulate the demand for semiconductor equipment and materials. In particular, with the centralized release of new capacity from 2022 to 2023, semiconductor materials belonging to the post cycle will usher in an explosion. After preliminary adjustment, the current valuation of the semiconductor sector has a high cost performance. From the revenue data and outlook of overseas semiconductor enterprises, semiconductors still maintain a high prosperity and continue to be optimistic about domestic alternative investment opportunities for semiconductors.
concept of assisted reproduction is active again, dajiaweikang, Hubei Goto Biopharm Co.Ltd(300966) "20cm" limit Everjoy Health Group Co.Ltd(002162) triple board
The concept of assisted reproduction was active again in the session on the 4th. As of press time, Dajia Weikang, Hubei Goto Biopharm Co.Ltd(300966) "20cm" limit, Changjiangrunfa Health Industry Co.Ltd(002435) , C.Q.Pharmaceutical Holding Co.Ltd(000950) , Berry Genomics Co.Ltd(000710) , Everjoy Health Group Co.Ltd(002162) and other limits rose. It is worth noting that Everjoy Health Group Co.Ltd(002162) has been trading for three consecutive trading days.
In terms of news, recently, the Beijing Municipal Medical Insurance Bureau, the health commission and the Ministry of human resources and Social Security jointly issued the notice on regulating the price adjustment of some medical services, which included 16 assisted reproductive technologies such as artificial insemination and embryo transfer into Beijing medical insurance.
It is reported that the price of 63 medical services carried out by public medical institutions has been standardized and adjusted this time, including the unified pricing of 53 assisted reproductive technology projects such as in vitro fertilization and embryo culture, which basically covers the common technologies used by public medical institutions in Beijing to carry out assisted reproductive technology. Among them, 16 common assisted reproductive technology projects in outpatient treatment, such as intrauterine artificial insemination, embryo transfer and sperm optimal treatment, involving a wide population, necessary diagnosis and treatment, mature technology, safe and reliable technology, will be included in the category a reimbursement scope of medical insurance.
Ping An Securities pointed out that the projects included in the medical insurance include in vitro fertilization, embryo culture, blastocyst culture and other 16 projects. Two of them are IUI (artificial insemination), one is second-generation IVF, three are third-generation IVF, and the rest are embryo storage and other projects. Through comparison, we found that the prices of these 16 items have not changed compared with the previous prices after the inclusion of medical insurance. Assisted reproduction reflects the value of doctors' technology and services, so the risk of price reduction is limited for the core technical services. At present, the average cost of IVF in a single cycle in China is about 3500045000 (excluding the third generation). This time, it has entered the medical insurance, and the medical insurance coverage is about 800011000 yuan. Recently, the state has frequent policies to encourage fertility, and in the future, assisted reproduction projects are expected to include medical insurance payment in more areas.
The agency believes that the entry of assisted reproductive projects into medical insurance will accelerate the development of the industry, and the downstream medical service enterprises will take the lead in benefiting. China's assisted reproductive drug market is still dominated by imports. If the drug market is intensively purchased in the future, it is expected to promote the reconstruction of the market competition pattern and bring opportunities to domestic pharmaceutical enterprises.
limit tide! The pharmaceutical sector rebounded strongly, and 11 stocks such as Huakang medical were net bought by institutions in recent 5 days
On March 4, the pharmaceutical sector rose sharply. As of press time, 8 stocks including Dajia Weikang, Realcan Pharmaceutical Group Co.Ltd(002589) , C.Q.Pharmaceutical Holding Co.Ltd(000950) and Cachet Pharmaceutical Co.Ltd(002462) , Shanghai No.1 Pharmacy Co.Ltd(600833) , Jointown Pharmaceutical Group Co.Ltd(600998) and other stocks had the highest gains. In terms of news, LV Hongbing, member of the CPPCC National Committee and vice president of the all China Lawyers Association, said in an interview with China first finance and economics that in order to accelerate the development of China's biomedical industry, it is suggested to moderately open and diversify investment in the development and application of stem cells, gene diagnosis and treatment technologies on the one hand, and refine and optimize the national centralized procurement policy on the other hand, Special attention and treatment shall be given to enterprises' independent research and development of new drugs, especially biomedicine.
LV Hongbing suggested that more detailed "detailed rules" for centralized procurement policies that are conducive to fully protecting and promoting the research and development of China's independent innovative drugs can be formulated. For example, enterprises that meet the cutting-edge innovative technologies can be given a longer tolerance period for independent research and development of new drugs, especially biomedicine; That is, it is up to the enterprise to decide whether to enter the centralized procurement catalogue and the price discount space of the centralized procurement catalogue, so as to encourage more market players to invest in the development of innovative drugs and encourage global scientific and technological talents to gather in Chinese innovative drug enterprises.
In the secondary market, statistics show that in the past five trading days (February 25 to March 3), about 186 listed companies in Shanghai and Shenzhen were investigated by institutions. Among them, among the research stocks gathered by more than 20 institutions, 11 had net capital inflows in the past five days, and Huakang medical had net capital inflows of 170 million yuan in the past five days, with the largest net inflow of main capital; Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) and others have more net inflows.
Wanlian Securities believes that the pharmaceutical sector as a whole has shown a trend of shock and rebound at the bottom recently. It is recommended to maintain caution for the industry. On the whole, the pharmaceutical industry is in a big downward cycle. In the long run, the policy of controlling medical insurance fees as the core limits the large market of the whole industry. The tightening of the payment end means that there will only be a structural market as a whole.
Sealand Securities Co.Ltd(000750) said that the pressure on the pharmaceutical sector is still on, but it should also be noted that some stocks already have certain valuation advantages. At the same time, in the long run, with the trend of population aging and the continuous improvement of residents' consumption ability, the growth of the pharmaceutical industry is guaranteed, and medicine is a good track.
power grid information security investment will increase significantly. Pay attention to relevant leading enterprises (attached shares)
The comprehensive Department of the National Energy Administration recently issued the key tasks of power security supervision in 2022, proposed to promote the three actions of "vision", "empowerment" and "strengthening the foundation", accelerate the construction of network security situational awareness platform, evaluate and select a number of network security sub shooting ranges in the power industry, and organize the supervision and inspection of the security protection of key information infrastructure, Establish a network security level protection system for the power industry.
Guotai Junan Securities Co.Ltd(601211) Securities said that as a key infrastructure, power grid is the top priority of network information security. In the context of carbon neutrality, emerging investors have widely entered the power market, which will increase the total investment in power grid from 2.5 trillion yuan during the 13th five year plan to 5 trillion yuan during the 14th five year plan, and the proportion of distribution network investment will increase significantly. It is expected that the investment in relevant information security will double to tens of billions.
Among related stocks, Northeast Securities Co.Ltd(000686) recommended Nari Technology Co.Ltd(600406) . The company is a leading enterprise in power grid secondary equipment and informatization, with four business segments: power grid automation and industrial control, relay protection and flexible transmission, power automation information communication, power generation and water conservancy and environmental protection. Its business basically covers the whole industrial chain from power generation to power consumption, It will benefit from the explosive growth of investment in the above fields in the construction of new power system during the 14th Five Year Plan period.
Guotai Junan Securities Co.Ltd(601211) recommend Weide information. The company's products are mainly intelligent security gateway and information security platform. It can provide high-quality products and timely and efficient services to customers in the power industry, and has formed a good reputation in the power field. Products and services have been highly recognized by customers such as State Grid and South grid. As the epidemic situation outside China has been alleviated, the "14th five year plan" of the State Grid and the South Grid has invested or reached the trillion level on the distribution side, the information security and other related businesses on the distribution side have accelerated, and the company's market share is expected to continue to expand.
Inner Mongolia: by the end of the 14th five year plan, the total output value of hydrogen energy industry will strive to reach 100 billion yuan (with shares)
According to the news on the website of the Inner Mongolia Autonomous Region Government on March 3, the general office of the people's Government of the Inner Mongolia Autonomous Region recently issued the opinions on promoting the high-quality development of hydrogen energy industry, which proposed that more than 15 green hydrogen preparation demonstration projects such as "wind and solar energy storage + hydrogen" and "source network load storage + hydrogen" will be carried out before 2025, and the green hydrogen preparation capacity will exceed 500000 tons / year; Encourage the recovery and utilization of industrial by-product hydrogen. The utilization of industrial by-product hydrogen exceeds 1 million tons / year, and basically realize the full use of application; Build more than 100 hydrogenation stations (including joint stations); Accelerate the promotion of fuel cell vehicles to replace medium and heavy fuel mining trucks and public service vehicles, promote more than 5000 hydrogen fuel cell heavy trucks, and promote more than 10000 fuel cell vehicles in total. By the end of the 14th five year plan, the autonomous region will form a hydrogen energy industry cluster integrating preparation, storage, transportation and application, and the total output value of hydrogen energy industry will strive to reach 100 billion yuan.
China Merchants Securities Co.Ltd(600999) believes that at this stage, hydrogen fuel cell vehicles are in the initial stage, mainly hydrogen fuel cell commercial vehicles, and hydrogen fuel cell passenger vehicles account for less than 0.1%. China's fuel cell market is expected to grow by 52.8 million in 2025, and the compound fuel cell market is expected to reach an increase rate of 738 million in 2020. The balance between the total life cycle cost (TCO) of hydrogen fuel cell vehicles and the cost of competitive products such as pure electric vehicles in the future is an important turning point for the improvement of market penetration of hydrogen fuel cell vehicles in various segments; The development of policy subsidies will play a great incentive role in the development of the vehicle market.
Dongguan Securities pointed out that the demand for hydrogen energy has accelerated and the development space of hydrogen energy industry is huge. In 2020, China's hydrogen demand will be about 33.42 million tons. By 2030, China's annual hydrogen demand will increase to 37.15 million tons, accounting for about 5% of the terminal energy consumption. By 2060, China's annual hydrogen demand will increase to about 130 million tons, accounting for about 20% of the terminal energy consumption. China's hydrogen demand will gradually increase in the future. As other large central enterprises enter the hydrogen energy industry, the market concentration of the hydrogen energy industry is expected to increase in the future. At present, more than one-third of central enterprises are in the layout of the whole industrial chain, including hydrogen production, hydrogen storage, hydrogenation, hydrogen use and so on. There is a huge space for the development of hydrogen energy industry.
