Today (March 7), A-Shares opened low and went low. The gem fell by more than 4%, setting a new low in this round of adjustment. The Shanghai stock index fell 3400 points, showing a full decline. On the disk, in terms of industry, precious metals, education, medicine, commerce, jewelry and other industries have strengthened against the trend; Airports, wine making, semiconductors, automobiles, tourist hotels, shipping ports, electronic components, wind power, insurance, etc. led the decline. In terms of theme stocks, the concept of baby and child, pet economy, gold concept, medical beauty, assisted reproduction and covid-19 treatment led the increase, while 3D cameras, super brands, solid-state batteries, online tourism, Eastern digital computing and Western computing, beer concept led the decline.
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Covid-19 drug concept was active again on the 7th, with Nanjing Hicin Pharmaceutical Co.Ltd(300584) , Zhejiang Jianfeng Group Co.Ltd(600668) , Zhejiang Canaan Technology Limited(300412) , Xilong Scientific Co.Ltd(002584) , Staidson(Beijing) Biopharmaceuticals Co.Ltd(300204) , Frontier Biotechnologies Inc(688221) , Chengda pharmaceutical, etc. rising higher.
On the news, Nanjing Hicin Pharmaceutical Co.Ltd(300584) february 20 announced that the construction project of Anqing Huichen Pharmaceutical Co., Ltd., a holding subsidiary, with an annual output of 100 tons of anti covid-19 drug nimatovir API and its key intermediates, recently obtained the project record issued by the Economic Development Bureau of Anqing high tech Industrial Development Zone.
The announcement pointed out that the construction project includes a production plant with an annual output of 50 tons of namatovir products and a production plant with an annual output of 50 tons of intermediate products. It is estimated that the project will be completed in 2022, with a total investment of 50.08 million yuan.
Subsequently, the company’s share price rose by the “20cm” limit for three consecutive trading days from February 21 to 23. It is worth noting that this year, the stock has risen more than three times.
index plummeted, theme style dominated! Three child concept meets the rising tide again which directions are worth paying attention to
Although the three child concept staged a rising tide, there is no cooperation of the index, and the rising height of this concept remains to be observed. However, it is undeniable that since the three child concept has produced a profit-making effect, the short-term theme may continue to focus on the direction of relevant key industries Dongxing Securities Corporation Limited(601198) said that one belt, one road, is the following: by comparing government work reports in 2022 and 2021, we found that new industries include consumer services (catering, accommodation, retail, tourism), specialize in new and domestic service industries, and industries with increased marginal strength include supply chain, digital economy, home appliances, water conservancy projects, energy infrastructure, and the other way around, carbon neutral (clean energy base).
In addition, pharmaceutical stocks such as pharmaceutical business and covid-19 medicine have been active repeatedly. Stocks such as Hubei Goto Biopharm Co.Ltd(300966) , Dajia Weikang and so on, which rose and fell last Friday, continued to rise, Nanjing Hicin Pharmaceutical Co.Ltd(300584) reversed the price limit last Friday, and Shanxi C&Y Pharmaceutical Group Co.Ltd(300254) reversed the price limit last Friday. The reasons for the continued strength of pharmaceutical stocks may be as follows: 1) China Meheco Group Co.Ltd(600056) said that the cooperation with covid-19 virus treatment drugs, a multinational pharmaceutical company, was under communication and negotiation. The stock continued to rise by the single word limit, stimulating the substantial flow of funds into pharmaceutical commercial stocks; 2) Some pharmaceutical stocks and three child concept stocks overlap. The concept of triplets began to ferment, and the market began from assisted reproduction and gradually spread to sub sectors such as children’s medicine.
Wuliangye Yibin Co.Ltd(000858) fell 5 nearly 20 month low agency: Baijiu valuation cost-effective highlights
In March 7th, the Baijiu sector fell. As of press time, Luzhou Laojiao Co.Ltd(000568) , Wuliangye Yibin Co.Ltd(000858) , etc. had the highest decline, and Anhui Kouzi Distillery Co.Ltd(603589) , Kweichow Moutai Co.Ltd(600519) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , etc. also performed miserably. The whole sector index was at the forefront of the decline list. Among them, Wuliangye Yibin Co.Ltd(000858) plummeted by 5%, and the share price hit a new low since June 2020, with a decline of more than 50% compared with the peak in February last year.
China International Capital Corporation Limited(601995) believes that the fundamentals are stable in the off-season, the pessimistic risk aversion has triggered the adjustment of the sector, and the current valuation layout is cost-effective. Although there is downward pressure on the short-term economy, the fundamentals of Baijiu sector remain stable and continue to be structural prosperity. Among them, the business margin of high-end leaders is improving, the product structure of Maotai is continuously improved, and the marketing reform is advancing steadily. It is expected that the performance growth is expected to accelerate in 2022 Wuliangye Yibin Co.Ltd(000858) personnel adjustment is gradually completed (announced on February 18). It is expected that the follow-up volume and price strategy will be more clear and definite, and the general five approval price is expected to stabilize and rise; Laojiao’s performance is expected to accelerate under the empowerment of equity incentive.
global risk aversion continues to rise can the gold sector still buy
On March 7, the concept of gold fluctuated higher. As of press time, Pengxin International Mining Co.Ltd(600490) , Leysen Jewelry Inc(603900) , Yantai Yuancheng Gold Co.Ltd(600766) limit, Chifeng Jilong Gold Mining Co.Ltd(600988) , Mclon Jewellery Co.Ltd(300945) , Shandong Gold Mining Co.Ltd(600547) and other stocks rose one after another. On the news front, the US Commodity Futures Commission (CFTC) data showed that in the week of March 1, the net long position of Comex gold held by speculators increased by 7122 contracts to 168103 contracts, a new high in the last 19 months.
This morning, the world’s major commodities continued to soar, and Comex gold futures once broke the $2000 / ounce mark; London nickel futures hit $33135, the highest since March 2008; Lun aluminum hit a record high of $4000.
Guotai Junan Securities Co.Ltd(601211) pointed out that considering the current economic cycle environment outside China, we maintain the dumbbell strategy of low-risk and stable growth style of financial assets and high-risk preference of commodity assets.
From the perspective of large categories of assets, it is suggested to maintain a relatively balanced allocation and pay attention to the support of China’s stable growth style and overseas overheating environment for commodity assets; Under the pattern of inflation and geopolitical conflict, we also focus on the contribution of gold to the portfolio.
cultivation diamond recognition increased rapidly institutions suggest paying attention to two investment routes
According to the financial report of China Central Television, the global output of rough natural diamonds has continued to decline recently, and the price of natural diamonds has increased significantly. The 1 carat diamond index rose 5.6% in February, up 12.9% from the beginning of the year. At the same time, the cultivation of diamonds is receiving more attention from the market, the recognition has increased rapidly, and the sales volume of branded stores has tripled.
Cultivated diamonds have the same physical and chemical properties as natural diamonds, but the price is only about one third of the latter. According to Bain data, China’s cultivated drilling permeability increased from 4% in 2020 to 6.7% in 2021, and is expected to further reach 13.8% by 2025. With the improvement of consumers’ awareness and consumption habits, the sales volume of cultivated diamonds in China’s consumer market, especially in first tier cities, will grow rapidly.
Caitong Securities Co.Ltd(601108) pointed out that at present, the penetration rate of cultivated diamonds in the world is only 4%. After the price difference between cultivated diamonds and natural diamonds expands, the cost performance advantage is prominent, and the downstream demand is expected to further improve. At the same time, the gap between natural supply and demand will create space for improving the penetration rate of cultivated diamond, and the urban middle class is expected to accelerate the shift to cultivated diamond consumption. It is suggested to pay attention to two investment routes: 1) production side: China supplies 40% + cultivated diamond blanks in the world, and Cr4 is as high as 80%. The rise of downstream demand will bring performance growth to the leader. It is suggested to pay attention to Henan Liliang Diamond Co.Ltd(301071) , North Industries Group Red Arrow Co.Ltd(000519) , Henan Huanghe Whirlwind Co.Ltd(600172) ; 2) Equipment side: high gross profit at the production side drives the growth of equipment investment demand, and the expansion of diamond cultivation in Henan “982” project has begun to take shape. It is suggested to pay attention to the supply of HPHT synthesis equipment and lay out the Sinomach Precision Industry Co.Ltd(002046) .
Sichuan’s “14th five year plan” energy development plan printed and distributed UHV industrial chain or concern (with shares)
The Sichuan provincial government recently officially issued the “14th five year plan” for energy development in Sichuan Province. In terms of UHV construction, the “14th five year plan” will build ± 800 kV HVDC projects from the middle reaches of Yalong River to Jiangxi, Baihetan to Jiangsu and Baihetan to Zhejiang, and start the construction of multi energy complementary export UHV DC projects from the upper reaches of Jinsha River to Hubei. Study and plan the second channel connecting with the northwest power grid, and study and layout the continuous transmission of hydropower into Sichuan in Southeast Tibet and the lower reaches of Yarlung Zangbo River. Provide strong support for the construction of high-voltage power grid and Chengdu Chongqing special economic circle.
Yingda Securities believes that under the background of the construction of new power system with new energy as the main body, as China’s planned scenic bases are mainly distributed in deserts, Gobi and desert areas in Western and Northern China, the consumption and transmission of new energy rely on UHV lines, which will create huge investment demand. During the 14th Five Year Plan period, the State Grid planned to build the “24 AC and 14 DC” UHV project, involving more than 30000 kilometers of lines, 340 million KVA of transformation and current conversion capacity, with a total investment of 380 billion yuan, a significant increase of 35.7% compared with 280 billion yuan of UHV investment in the 13th five year plan. The UHV field will usher in an acceleration period.
Dongguan Securities pointed out that the eastern coastal area is a key area of power consumption. The local power generation is lower than the power consumption, while the power generation in the central and western regions is more than the local power consumption. The contradiction between power supply and demand is prominent. With the rapid increase of power consumption in the eastern coastal area and the increase of grid connection demand for clean energy power generation in the west, the new demand of UHV power grid continues to increase. Concerned about the intensive introduction of policies related to UHV power grid construction and the continuous implementation of investment and construction, the orders of UHV appliances are expected to increase and the market scale is expected to expand.
