Main points
papermaking:
The paper sector rose first and then fell this week. At present, the prices of most kinds of paper are low, among which the prices of cultural paper and white cardboard are at the bottom. After the price increase of household paper in early December, the price increase letter of cultural paper came one after another. Now the price increase mode of packaging paper and waste paper has also been opened. The “double control” policy helps to limit production and protect prices, enhance the willingness of downstream replenishment, and improve industry supply and demand. It is recommended to pay attention to Shandong Sun Paper Co.Ltd(002078) , Shandong Bohui Paper Industry Co.Ltd(600966) .
Home Furnishing:
The home furnishing sector remained strong after rising on Tuesday this week. Due to the central bank’s interest rate cut on Tuesday and the continuous release of loosening signals from the real estate policy, we are optimistic about the marginal improvement of real estate financing conditions and completion and sales data, but we should be cautious about whether the real estate industry is affected and expected by the policy. The national development and Reform Commission actively promotes the policy of “subsidy for furniture and home decoration to the countryside”, and suggests paying attention to the software home leaders Jason Furniture (Hangzhou) Co.Ltd(603816) , Minhua holdings and Xlinmen Furniture Co.Ltd(603008) that make efforts to sink the market.
Other light industries:
The e-cigarette sector fell after rising this week. According to the industry data released at the Fifth International e-cigarette Industry Summit Forum in 2021, China’s e-cigarette sales are still growing against the trend under the influence of the global covid-19 epidemic, and the market growth space is broad. With the introduction of the national standard and management plan for e-cigarettes, the regulatory framework for e-cigarettes has been basically formed from product definition and quality standards to the whole process management of production and sales. Regulatory boots have been implemented one after another, and the medium and long-term industrial prospect of e-cigarette is becoming increasingly clear. It is recommended to pay attention to Anhui Genuine New Materials Co.Ltd(603429) , Shenzhen Jinjia Group Co.Ltd(002191) and Huabao international.
New shares this week:
301113. SZ Yayi Technology
Market performance this week:
This week, the CITIC light industry manufacturing industry index rose 0.42% compared with last week, and the CSI 300 fell 0.67%. The light industry manufacturing sector as a whole outperformed the CSI 300 index by 1.09 percentage points. Among the secondary industries of CITIC light manufacturing this week, papermaking fell by 1.81%, packaging and printing fell by 0.09%, household rose by 2.90%, entertainment light industry rose by 2.01%, and other light industries fell by 1.19%.
Investment suggestions:
It is suggested to pay attention to Shandong Sun Paper Co.Ltd(002078) , Shandong Bohui Paper Industry Co.Ltd(600966) in the paper sector, Jason Furniture (Hangzhou) Co.Ltd(603816) , Minhua holdings, Xlinmen Furniture Co.Ltd(603008) in the home sector, and Anhui Genuine New Materials Co.Ltd(603429) , Shenzhen Jinjia Group Co.Ltd(002191) , and Huabao international in the e-cigarette sector.
Risk statement
Policy risk, raw material price fluctuation risk, downstream demand sluggish risk
