March 10th (Thursday), the main contents of today’s headlines are:
China Securities Journal
Innovative mode, accurate force, good and stable investment “first hand chess”
The government work report submitted for deliberation on the 5th pointed out that we should actively expand effective investment. A number of Representatives and members of the national two sessions recently proposed to innovate the model and improve the accuracy and effectiveness of moderately advanced infrastructure investment. Traditional infrastructure investment should be appropriately inclined to old revolutionary base areas and remote areas, and the construction of urban underground comprehensive pipe gallery should be strengthened. The new infrastructure construction should strengthen the construction of digital information infrastructure and strive to cultivate new economic momentum.
Prices will remain stable at 0.2% year-on-year in September
According to the data released by the National Bureau of statistics on March 9, the national consumer price index (CPI) rose 0.9% year-on-year in February, the same as that in January. The industrial producer price index (PPI) rose 8.8% year-on-year, down 0.3 percentage points from the previous month and down for four consecutive months.
Actively repurchase and increase holdings of listed companies to release positive signals
According to incomplete statistics by the reporter of China Securities Journal, after the closing on March 9, more than 10 listed companies such as Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) , Tongwei Co.Ltd(600438) and others intensively released the first monthly business data announcement in history, and another 20 companies such as Healthcare Co.Ltd(603313) , Hengli Petrochemical Co.Ltd(600346) issued repurchase and shareholding increase announcements.
1772 Shenzhen listed companies predicted that more than 70% of last year’s performance was profitable
As of March 9, 1772 listed companies in Shenzhen had pre disclosed their operating performance in 2021, accounting for 68.02% of the number of Companies in Shenzhen. Among them, more than 70% of the companies are expected to make profits, and more than 60% of the companies’ profits are expected to increase. 1320 companies with pre earnings are expected to make an average profit of 590 million yuan to 638 million yuan, with a year-on-year increase of more than 58.25%. The 1095 companies that have been added in advance are expected to realize an average net profit of 570 million yuan to 628 million yuan, with a year-on-year increase of more than 328.72%. The vigorous vitality and strong toughness of Shenzhen companies are becoming more and more prominent
Shanghai Securities News
China’s economic fundamentals are very resilient, and the steady and healthy development of the market has a solid foundation
Haitong Securities Company Limited(600837) chief economist Xun Yugen: Generally speaking, the Asia Pacific stock market and European stock market have experienced deep declines recently, and the decline of A-Shares is mainly dragged down by external factors. Since this year, the external factors have been negative, but the internal factors are positive. In particular, the 5.5% GDP growth target set this year is a strong support for the market.
“Tao and skill” of bank financial management and Investment: the strategy is optimistic about the “steady growth” of new energy tactical position shifting
Recently, Everbright, Huihua and ningyin financial management companies successively disclosed last year’s product annual report and business data. According to the announcement information, bank financial management believes that this year’s A-share structural opportunities are more exciting.
In February, CPI rose by 0.9% year-on-year, and the scissors gap between PPI and CPI narrowed further
According to the data released by the National Bureau of Statistics yesterday, the CPI rose 0.9% year-on-year in February, the same as last month. On a month on month basis, CPI rose by 0.6%, an increase of 0.2 percentage points over the previous month.
The balance profit handed over by the central bank ≠ RRR reduction, and the probability of “interest rate reduction” expected by the market increases
As soon as the news that “the central bank turned in more than trillion yuan of profits” was released, it immediately became a hot topic in the market. Interpretation of the policy came one after another, many of which equated this move with the RRR reduction, saying that “the annual 1 trillion incremental base currency investment is equivalent to the 50bp RRR reduction”. What’s more, it is believed that “the effect of this action may be far better than the standard reduction”
Securities Times
The willingness of fund bottom reading is getting stronger, and A-Shares staged a “V” shaped rebound
A shares continued to fall at the opening on Wednesday. After accelerating the decline in the afternoon, they staged a “V” shaped rebound, and the Shanghai Composite Index rose more than 140 points. As of the close, the Shanghai Composite Index fell 1.13% and the gem index fell 0.63%. Shanghai and Shenzhen markets traded 1.16 trillion yuan throughout the day, an increase of 51.8 billion yuan month on month. At the time of the freezing point of market sentiment, the willingness of funds to copy the bottom is becoming stronger, and A-share intraday ushered in a strong reversal, which effectively boosted market confidence, and the future market is expected to usher in the valuation repair market.
Good news of Shenzhen’s performance is frequent, and high-end manufacturing companies perform prominently
On March 9, the leading panel enterprise Boe Technology Group Co.Ltd(000725) issued a performance express. According to the data, benefiting from the high prosperity of the semiconductor display industry, the company achieved a total operating revenue of 219442 billion yuan in 2021, a year-on-year increase of 61.89%; The net profit attributable to the parent company was 25.826 billion yuan, a year-on-year increase of 412.86% Boe Technology Group Co.Ltd(000725) attributed the performance growth to the longest business cycle in the history of the semiconductor display industry in the first half of 2021, the company actively adjusted its product portfolio to maintain a good profit level, and the shipment volume of flexible OLED increased rapidly.
Actual exploration of the impact of response of several A-share companies of Castle Peak holdings in the eyes of the storm
The London Metal Exchange (LME) saw a sharp rise in nickel, and there were rumors that Castle Peak Holdings Group Co., Ltd. was forced to hold short nickel futures contracts. Thus, this mysterious private steel enterprise was pushed into the spotlight of the market.
Whether the convertible bond market will buy accounts remains to be tested
“We want to complete the conversion of convertible bonds into shares in the first half of the year” and “equity conversion is one of the main objectives of this year”… Under the favorable environment of broad credit and steady growth, many listed banks have “made promises” one after another
Securities Daily
Optimization of the layout of state-owned assets with evidence for advance and retreat, strategic reorganization and professional integration
“To further accelerate the optimization of the layout and structural adjustment of the state-owned economy, we should not only adjust the stock structure, but also optimize the direction of incremental investment.” Fan Shukui, member of the National Committee of the Chinese people’s Political Consultative Conference, vice president of Beijing Asset Appraisal Association and chairman of Zoomlion asset appraisal group Co., Ltd., said in an interview with the reporter of Securities Daily that we should strive to solve the prominent structural contradictions in the transformation of new and old drivers of enterprises through strategic restructuring, professional integration, mergers and acquisitions and other means Key technologies such as photoresist and chip are “stuck” and lack of core competitiveness such as innovation.
In February, the year-on-year increase “scissors gap” between PPI and CPI further narrowed, and the cost pressure of middle and downstream enterprises was relieved
On March 9, the National Bureau of statistics released the national CPI (consumer price index) and PPI (producer price index) data for February 2022. In that month, CPI rose by 0.9% year-on-year and 0.6% month on month; PPI rose 8.8% year-on-year and 0.5% month on month.
A number of securities companies spoke out to maintain the stability of the capital market, and various major businesses continued to maintain steady development
Since this week, the shock of A-share market has intensified.
As of March 9, the Shanghai Composite Index fell below 3300 points to 325639 points, with a cumulative decline of 5.55%. Stock prices of securities companies also changed, with a cumulative decline of more than 6.5%. Except that Chinalin Securities Co.Ltd(002945) , Caida Securities Co.Ltd(600906) kept rising, the stocks of other securities companies fell to varying degrees, and the cumulative decline of China International Capital Corporation Limited(601995) , Western Securities Co.Ltd(002673) and Western Securities Co.Ltd(002673) exceeded 10%.
More than 70% of 1051 companies increased their performance last year, and many companies have the foundation to increase their holdings and repurchase
“Recently, A-Shares fluctuated greatly, and the overall market situation led to the aggravation of investor panic. The main significance of listed companies to increase their holdings and repurchase at this time point is to show their own financial strength and stabilize investor confidence. At the same time, the repurchased shares can also be used for the company’s own equity incentive, boost the morale of the company’s employees and promote the further development of the enterprise.” Chen Li, chief economist of Chuancai securities and director of the Research Institute, said in an interview with Securities Daily
21st Century Business Herald
China’s strong economic performance is the basis for more mature A shares
Due to the expectation of the Federal Reserve to raise interest rates and the recent conflict between Russia and Ukraine, some foreign capital withdrew from the stock and bond markets of emerging markets, including China. Foreign capital holds about 3 trillion yuan of a shares, and the market is worried that the reduction will become a trend. Foreign capital and public funds are the main forces supporting value stocks and track stocks. If there is a lack of incremental capital or capital outflow, the market will bear selling pressure and resonate with quantitative investors, financing disk and other factors.
A-share 100 point long shadow bottom consensus and game: value first, growth later?
On March 9, the Shanghai Composite Index fell 1.13%, the gem index fell 0.63%, and both fell more than 4% during the session. Among them, the Shanghai Composite Index fell rapidly, breaking through 3200 points, reaching 314768 points at the lowest, revealing a long shadow line of hundreds of points
first finance
Northbound funds sold nearly 30 billion A-Shares in three days. What did they sell? When will it return?
In the context of the sharp decline in global stock markets, a share capital suffered three consecutive declines this week. On March 9, it fell 1.13% to close at 325639. It once fell below 3200 points, with a cumulative decline of 5.55% so far this week. This week, the net capital outflow from the North reached 27.904 billion yuan.
LME nickel soared and seriously injured some trade in the industrial chain, and downstream enterprises suspended orders
“For Chinese enterprises that need to import raw materials, the rise of nickel price increases the purchase end cost. In addition, there is a large price difference between Lun nickel and Shanghai nickel. It takes time for Chinese prices to digest. Some enterprises must be affected. At present, our businesses are still in normal operation step by step.” Du Peng, futures trading manager of Jinchuan Group Co., Ltd., said
economic reference
The annual reports of listed companies are gradually released, and the overall performance is stable
Since the opening of the quarterly curtain of 2021 annual report of A-share listed companies on January 18, about 100 listed companies have released annual reports, and the overall performance has made steady progress. Combined with the performance forecast data, the “basic market” of A-share listed companies is solid and stable. It is worth noting that dozens of listed companies, including leading enterprises such as Kweichow Moutai Co.Ltd(600519) , Semiconductor Manufacturing International Corporation(688981) , Wuxi Apptec Co.Ltd(603259) and others, recently intensively disclosed their business data in the first two months of this year, further releasing the signal of strong performance growth. Meanwhile, the repurchase enthusiasm of listed companies continued to rise this week, highlighting their firm confidence in the company’s future development prospects.
At the beginning of the year, the capital replenishment has exceeded 200 billion yuan, and the bank’s fancy “blood replenishment” fever has not decreased, and the allotment and fund-raising has gradually heated up
In the first two months of 2022, the bank increased its capital at a fast pace, setting off a wave of “blood replenishment tide”. Since this year, banks have issued bonds and increased capital by 218.1 billion yuan through sustainable bonds and secondary capital bonds. In addition to the conventional bond issuance channels, the allotment and fund-raising that has experienced the “empty window period” for seven years has also been used by more banks recently.
