Deliver the A-share market information at the first time, observe the market trend, grasp the rise and fall logic and tap investment opportunities.
gem hit a new low in the year again “culprit” is Contemporary Amperex Technology Co.Limited(300750)
On March 7, the three major A-share indexes continued to decline after opening, and the gem index once fell by more than 3%, reaching a new low in the year; Gem “first brother” Contemporary Amperex Technology Co.Limited(300750) fell by more than 5%; The stock index fell below 3400 points for the first time since February 8. As of press time, the decline of the index has narrowed.
Gem “first brother” Contemporary Amperex Technology Co.Limited(300750) today saw another sharp decline. In terms of funds, as of March 4, Contemporary Amperex Technology Co.Limited(300750) nearly five days, land stock connect funds have been continuously sold, and the accumulated net sales of funds going north in recent five days are 1.457 billion yuan. There are signs of continuous outflow of foreign capital in the near future.
On the 4th, Allianz Shenzhou A-share fund, the largest overseas Chinese equity fund, announced its position. The fund reduced its holdings of Contemporary Amperex Technology Co.Limited(300750) , up to 10.56% in January this year.
In terms of performance, Contemporary Amperex Technology Co.Limited(300750) recently released a performance forecast for 2021. The company expects to achieve a net profit attributable to shareholders of 14 billion yuan to 16.5 billion yuan, with a year-on-year increase of 150.75% to 195.52%, which is the best profit level since Contemporary Amperex Technology Co.Limited(300750) was established, and the net profit has reached a new high for three consecutive years.
Looking forward to the future, Bohai Securities pointed out that in the A-share market, the force of the steady growth policy will not only bring broad credit, but also help the recovery of enterprise vitality. Under the basic good expectation, the liquidity of A-Shares is also facing a gentle process. While being optimistic about the market, we should be more cautious. At present, external risks such as international conflicts and the Fed’s interest rate hike have not been completely eliminated, and these external uncertainties may still affect the development process of the market. Industry configuration, the tone of the “steady growth” policy has not changed at this stage.
gold concept stocks are active Pengxin International Mining Co.Ltd(600490) , Leysen Jewelry Inc(603900) daily limit Chifeng Jilong Gold Mining Co.Ltd(600988) and other big rises
Gold concept stocks had an active intraday trend on the 7th. As of press time, Pengxin International Mining Co.Ltd(600490) , Leysen Jewelry Inc(603900) limit, Mclon Jewellery Co.Ltd(300945) , Hunan Gold Corporation Limited(002155) , Shandong Gold Mining Co.Ltd(600547) and other gains were ahead.
In early trading today, Comex gold futures broke through the $2000 / oz mark for the first time since September 2020. Spot gold also once stood at the $2000 / ounce mark, a new high since August 2020.
On the news side, in the early morning of March 17 Beijing time, the Federal Reserve will hold an interest rate meeting in March. Market participants believe that the Fed has a high probability of raising interest rates for the first time in March. Resuming the trend of commodity prices during the Fed’s interest rate hike in the past 50 years, it is found that there is a high probability of rising prices of energy and metals. The reason may be that the US economic growth is strong and often overheated in the early stage of interest rate hike, and the job market is improving.
Chuancai Securities said that since the beginning of the year, due to the high inflation in the United States and the repricing of monetary policy, the double killing of U.S. stocks and bonds has been promoted, and the risk aversion attribute of gold has regained capital favor, and the investment targets, including gold related stocks, gold ETFs and gold futures, have received capital inflows. In the short term, the Russian Ukrainian problem is difficult to ease quickly, and the subsequent gold price is expected to continue to strengthen under the expectation of interest rate hike by the Federal Reserve and geopolitical factors.
East Asia Qianhai Securities said that the intensification of international geopolitical contradictions is the main reason for the recent rise in gold prices. In addition, global inflation continued to rise, creating conditions for the rise in gold prices. First, according to the CPI year-on-year data released by European and American countries, the CPI of the United States increased by 7.5% year-on-year in January 2022, the highest level since August 1982; In January 2022, the CPI of the euro zone increased by 5.1% year-on-year, a record high. The recent rising crude oil price also reflects that the current inflation level is further rising. As an anti inflation asset, gold has sufficient upward mobility under the current high inflation level.
Secondly, the current market expectations for future interest rate hikes are becoming stronger and stronger. It is expected that the gold price will continue to be strong in the process of this round of interest rate hikes. On the one hand, as the time approaches March, the gold price remains strong, indicating that the negative effect of the current interest rate hike on gold is weakening and the market expectation is gradually digested. On the other hand, it is expected that this interest rate increase will have a limited impact on gold prices. During the past six interest rate hikes, the year-on-year growth rate of CPI in the United States has continued to increase, so this interest rate hike may not have an essential impact on inflation; At the same time, raising interest rates will inhibit economic recovery. As of February 23, 2022, the yield of U.S. 10-year Treasury bonds is about 1.99%, up about 0.36pct from the beginning of the year The rapid rise of interest rate will bring operating pressure to enterprises and is not conducive to economic recovery.
The agency believes that the gold price has reached a new high. Under the influence of geopolitics, high inflation, fragile economic operation and the gradual disappearance of negative interest rate increases, the gold price is expected to open an upward channel, and the gold production enterprises may benefit. The relevant targets include Zijin Mining Group Company Limited(601899) , Chifeng Jilong Gold Mining Co.Ltd(600988) , Western Region Gold Co.Ltd(601069) , etc.
the concept of assisted reproduction broke out again dajiaweikang rose the limit for two consecutive days Everjoy Health Group Co.Ltd(002162) four link board
The concept of assisted reproduction strengthened again on the 7th. As of press time, the “20cm” limit of Dajia Weikang, Changjiangrunfa Health Industry Co.Ltd(002435) , C.Q.Pharmaceutical Holding Co.Ltd(000950) , Aurisco Pharmaceutical Co.Ltd(605116) , Everjoy Health Group Co.Ltd(002162) , etc. It is worth noting that Dajia Weikang has raised the limit for two consecutive trading days and Everjoy Health Group Co.Ltd(002162) closed the board for four consecutive 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.
On February 28, Hunan Medical Insurance Bureau also made clear on the official platform that “population development is a major event related to the development of the Chinese nation. In order to promote the long-term balanced development of the population, the medical insurance department included qualified fertility support drugs such as bromocriptine, triptorelin and clomiphene in the payment scope of medical insurance, which improved the drug security level of infertile patients.
In terms of diagnosis and treatment projects, Hunan Province will introduce relevant management measures as soon as possible. At the same time, according to the spirit of relevant national documents, based on the basic positioning of “medical insurance”, and on the basis of scientific calculation and full demonstration, we will gradually explore the inclusion of therapeutic assisted reproductive technology with mature technology, safety and reliability and controllable cost that can be borne by medical insurance into the scope of medical insurance payment according to procedures.
In addition, 12 provinces and cities including Shanghai, Hebei, Henan, Tianjin, Guizhou, Anhui, Shaanxi and Shanxi have issued the application plan of human assisted reproductive technology (20212025). All provinces and cities have indicated in their plans to increase the number of human assisted reproductive service institutions.
Some analysts pointed out that the state’s recent policies to encourage childbirth have been frequent, and assisted reproductive projects are expected to include medical insurance payment in more areas in the future.
Ping An Securities 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. It is suggested to pay attention to: Jinxin reproduction, Beikang medical treatment, Changchun High And New Technology Industries (Group) Inc(000661) , Livzon Pharmaceutical Group Inc(000513) .
\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\6 pharmaceutical stocks usher in a good opportunity to build a warehouse
On March 7, the pharmaceutical sector rose sharply, leading the increase. As of midday closing, four stocks including Dajia Weikang, Shanghai No.1 Pharmacy Co.Ltd(600833) , China Meheco Group Co.Ltd(600056) and Qingdao Baheal Medical Inc(301015) , Hefu China, etc. rose in varying degrees.
For the follow-up trend of the pharmaceutical sector, Sealand Securities Co.Ltd(000750) said that although the pharmaceutical sector has not risen sharply in a row recently, the repeated performance is enough to show that the market’s enthusiasm for medicine has been significantly improved.
Zhou Qi of lianxun Securities believes that after a sharp decline, the valuation of individual stocks in the pharmaceutical sector tends to be reasonable, but it is still high. When the market stabilizes, the pharmaceutical sector is only a warehouse building market.
In terms of investment, Great Wall Guorui Securities pointed out that the current investment value of the pharmaceutical industry is prominent and the valuation is at the bottom of history. It is suggested to increase the allocation proportion of the industry and pay attention to investment opportunities in six aspects:
First, the performance of the annual report of 2021 and the first quarterly report of 2022 is about to be disclosed, and pay attention to the high-quality targets that the performance of the annual report and the first quarterly report is expected to grow high or exceed expectations;
Second, with the official release of the 14th five year plan for the development of pharmaceutical industry, under the premise of controlling medical insurance expenses, innovation and internationalization will be the core main line of the industry in the future. It is suggested to pay attention to innovation driven companies and pharmaceutical enterprises with international ability;
Third, the CXO industry. Recently, the CXO industry has undergone in-depth adjustment, and the valuation is at the bottom of history. Contrarian, focus on companies with sufficient orders and reasonable current valuation;
Fourth, drugstore chain companies with reasonable valuation and stable recovery;
Fifth, pay attention to the consumer medical sector. Under the background of medical insurance fee control, the ophthalmology, medical beauty and other medical sub industries with consumption attribute have policy immunity, and the consumption upgrading will drive their development;
Sixth, pay attention to the traditional Chinese medicine sector. The release of the guiding opinions on medical insurance supporting the inheritance, innovation and development of traditional Chinese medicine shows the state’s determination to the inheritance, innovation and development of traditional Chinese medicine, which will play a positive role in the traditional Chinese medicine industry.
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 the demand for grid integration of 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.
