Key investment points:
Market review last week
Last week, the light industry manufacturing industry outperformed CSI Tempus Global Business Service Group Holding Ltd(300178) pct: SW light industry manufacturing (0.10%) vs CSI 300 (- 1.68%); The top five weekly gains of individual stocks were: packaging and printing – Shanghai Haishun New Pharmaceutical Packaging Co.Ltd(300501) (13.82%), Guangdong Tengen Industrial Group Co.Ltd(003003) (6.54%), Shenzhen Prince New Materials Co.Ltd(002735) (4.94%), Shanghai Shunho New Materials Technology Co.Ltd(002565) (3.99%) and Tungkong Inc(002117) (3.87%); Household goods – Everjoy Health Group Co.Ltd(002162) (38.60%), Henglin Home Furnishings Co.Ltd(603661) (9.36%), Jiangshan Oupai Door Industry Co.Ltd(603208) (7.26%), Anhui Deli Household Glass Co.Ltd(002571) (6.49%) and Qumei Home Furnishings Group Co.Ltd(603818) (5.33%); Papermaking – Mcc Meili Cloud Computing Industry Investment Co.Ltd(000815) (36.52%), Zhejiang Rongsheng Environmental Protection Paper Joint Stock Co.Ltd(603165) (13.12%), Shandong Bohui Paper Industry Co.Ltd(600966) (6.06%), Shandong Sun Paper Co.Ltd(002078) (4.23%) and Mudanjiang Hengfeng Paper Co.Ltd(600356) (2.93%); Entertainment supplies – Goldlok Holdings(Guangdong) Co.Ltd(002348) (8.58%), Hailun Piano Co.Ltd(300329) (7.33%), moon lenses (6.59%), Shuhua Sports Co.Ltd(605299) (4.28%) and mubang high tech (3.28%).
This week’s view
Household goods: in the context of “housing without speculation”, the government work report emphasizes “affordable housing construction” and “implementing policies for the city”. This year’s GDP is 5 With the target of about 5%, the growth of real estate investment can not be absent. On March 4, the China Banking and Insurance Regulatory Commission and the central bank issued the notice on strengthening financial services for new citizens, which pointed out that they should support the healthy development of the housing rental market and meet the housing needs of new citizens. Pessimism in the real estate industry has gradually dissipated, and the probability of structural “xiaoyangchun” has continued to increase. The purchase demand of rigid demand and improved housing for customized home, software home and other categories is clear. Under the expectation of real estate recovery, the valuation repair of the sector is worth looking forward to. Household enterprises launch whole customized packages to meet the demand trend of consumers’ one-stop household consumption and cost-effective consumption, and help improve customer unit price. The state has significantly strengthened its efforts to promote the affordable housing market. It is expected to raise 2.4 million affordable rental housing units (942000 units in 2021), 100000 new public rental housing units and 1.2 million shantytowns throughout the year. The substantial increase in affordable housing may expand the tooling demand for sanitary products.
Papermaking: affected by the escalation of the “Russia Ukraine conflict” and pushing up energy prices, the international pulp price rose, which led to the strengthening of China’s pulp futures price, which exceeded 7000 yuan / ton. In March, cultural paper entered the peak demand season, and the cost pressure will drive the paper mill to raise prices. As of last week, the prices of pulp and paper products such as double offset paper, coated paper and white cardboard in China rose, which further improved profitability.
Recommended combinations: Oppein Home Group Inc(603833) ( Oppein Home Group Inc(603833) ), Jason Furniture (Hangzhou) Co.Ltd(603816) ( Jason Furniture (Hangzhou) Co.Ltd(603816) ), Shenzhen Jinjia Group Co.Ltd(002191) ( Shenzhen Jinjia Group Co.Ltd(002191) ), Shanghai M&G Stationery Inc(603899) ( Shanghai M&G Stationery Inc(603899) ).
This week’s event reminder
Zhejiang Kan Specialities Material Co.Ltd(002012) : convening of the general meeting of shareholders Zhejiang Great Shengda Packing Co.Ltd(603687) : convening of the general meeting of shareholders Zhang Xiaoquan Inc(301055) : lifting the ban Kangxin New Materials Co.Ltd(600076) : convening of the general meeting of shareholders
Risk tips
Macroeconomic fluctuations; Rising raw material costs; New production capacity cannot be digested in time; Loss of key customers.
