Today (March 11), Shanghai and Shenzhen markets opened low across the board, bottomed out in early trading, stabilized and rebounded in the afternoon, led by the gem index. On the disk, in terms of industry, medical devices, securities, agriculture, animal husbandry, feeding and fishing, traditional Chinese medicine, medicine and commerce, food and beverage, port shipping and other sectors led the rise; Energy metals, photovoltaic, mining, electricity, gold, power equipment, wind power, oil, gas, steel and other sectors led the decline. In terms of subject stocks, covid-19 detection, covid-19 drugs, chicken concept, transgenic, aquaculture and prefabricated vegetable concept led the increase; Photovoltaic buildings, hit batteries, pumped storage, lithium extraction from salt lakes, data security, etc. led the decline.
brokerage sector rose strongly in the afternoon Boc International (China) Co.Ltd(601696) daily limit China International Capital Corporation Limited(601995) and other higher
The brokerage sector rose strongly in the afternoon of the 11th. As of press time, Boc International (China) Co.Ltd(601696) limit, Zhongtai Securities Co.Ltd(600918) , Shanxi Securities Co.Ltd(002500) , Hongta Securities Co.Ltd(601236) , Tianfeng Securities Co.Ltd(601162) , Caida Securities Co.Ltd(600906) , etc. all strengthened. In terms of policy, this year’s government work report made arrangements for the construction of the capital market, requiring the improvement of the bond financing support mechanism for private enterprises, the full implementation of the stock issuance registration system, and the promotion of the steady and healthy development of the capital market.
Some analysts said that the government work report requires the full implementation of the stock registration system and the acceleration of the full registration system, which is beneficial to the leading securities companies and venture capital institutions with significant advantages of investment banks. Under the environment of increasing demand for residents’ equity asset allocation, institutionalization of capital market and increase in the proportion of direct financing, big wealth management and institutional business of securities companies are the main line of development, and it is easier for securities companies with advantages of big wealth management and institutional business to obtain valuation premium.
Anxin Securities said that the comprehensive registration system reform is expected to be implemented within the year, which will directly benefit the growth of investment banking business of securities companies and bring direct investment and follow-up investment business opportunities. In the long run, the trend of residents’ wealth transfer to the equity market remains unchanged, and they continue to be optimistic about investment opportunities in the wealth management industry. It is suggested to pay attention to the leading securities companies with undervalued value Citic Securities Company Limited(600030) , as well as the securities companies with wealth management characteristics Gf Securities Co.Ltd(000776) , China stock market news, Orient Securities Company Limited(600958) .
Guotai Junan Securities Co.Ltd(601211) Securities believes that institutional business is the main line of securities companies’ investment in 2022. The decline in the income of some equity funds has changed the way the market allocates standardized financial assets to retail customers, and residents’ preference for the certainty of the yield of financial products has increased, which will make the future asset management products more diversified and the products that securities companies can provide more services, This will bring more opportunities for institutional business development. It is suggested that the current market has not been fully recognized, and Citic Securities Company Limited(600030) , China International Capital Corporation Limited(601995) (H) and Huatai Securities Co.Ltd(601688) , which benefit from the increase of institutionalized proportion brought by the rapid growth of wealth management business, are recommended.
food and beverage sector is active Yike food “20cm ” daily limit Lontrue Co.Ltd(300175) , etc. rose sharply
The food and beverage sector rose sharply on the 11th. As of press time, Yike food’s “20cm” limit, Lanzhou Zhuangyuan Pasture Co.Ltd(002910) , Hainan Jingliang Holdings Co.Ltd(000505) “10cm” limit, Hebei Yangyuan Zhihui Beverage Co.Ltd(603156) , Nanning Sugar Industry Co.Ltd(000911) , Anhui Jinhe Industrial Co.Ltd(002597) , Royal Group Co.Ltd(002329) , etc. rose by more than 5%.
Some institutions said that from the perspective of policy orientation, this year’s policy direction is mainly to solve the growth of residents’ income and residents’ consumption will. In 2021, the income of urban residents increased by 8.2% year-on-year, almost at the same speed as the growth of GDP, with a better recovery than that in 2020. However, due to the repeated epidemic, residents’ Consumption Willingness is low, and the overall consumption environment is relatively low. In this year’s consumption policy, it is proposed to strengthen the supporting construction of community pension and childcare, which is also to enhance residents’ security and boost consumer confidence. It is expected that in terms of policies to promote consumption this year, there will be policies such as the issuance of consumption vouchers and direct consumption subsidies, which will directly promote consumption.
Dongxing Securities Corporation Limited(601198) pointed out that the policy of increasing residents’ income this year is expected to further improve residents’ income and directly promote consumption, and the demand for leisure food, wine and other sectors is expected to pick up. With the liberalization of epidemic control this year, the recovery of alcohol consumption and catering industry has been better promoted. Pay attention to the overall recovery opportunities of segments upstream and downstream of the catering industry chain, such as prefabricated dishes and condiments.
covid-19 detection concept broke out again in the afternoon many shares were added with main funds this stock rose by more than 48% compared with the beginning of the year
On March 11, the covid-19 detection concept broke out again in the afternoon. As of press time, GEM stocks Guangzhou Wondfo Biotech Co.Ltd(300482) , Shanghai Labway Clinical Laboratory Co.Ltd(301060) 2 Lianban, Andon Health Co.Ltd(002432) , Shenzhen Everbest Machinery Industry Co.Ltd(002980) , Wuhan Easy Diagnosis Biomedicine Co.Ltd(002932) and other trading limits. On the news, China Meheco Group Co.Ltd(600056) 9 announced that the company signed an agreement with Pfizer Inc that it will be responsible for the commercial operation of Pfizer Inc COVID-19 virus treatment PAXLOVID in Chinese mainland market during the agreement period (2022).
On February 11 this year, the State Drug Administration conducted emergency review and approval in accordance with the relevant provisions of the drug administration law and the special drug approval procedures, and approved the import registration of Pfizer’s product conditionally.
In the secondary market, according to statistics, as of March 10, a total of 8 stocks in the sector rose over the beginning of the year, of which Beijing Hotgen Biotech Co.Ltd(688068) rose by more than 48%, Guangzhou Wondfo Biotech Co.Ltd(300482) , Zhejiang Orient Gene Biotech Co.Ltd(688298) , Wuhan Easy Diagnosis Biomedicine Co.Ltd(002932) rose by more than 15%, and Andon Health Co.Ltd(002432) rose by 8.94% over the beginning of the year.
Capital Securities pointed out that Pfizer expects the output of 2022q1paxlovid to be 6 million courses, the output of 2022h1 to be 30 million courses, and the annual output to be 120 million courses (performance guidance $22 billion).
Considering the strong infectivity of covid-19, with the increase of approved countries and the promotion of MPP agreement, the production capacity pressure will further increase. According to the calculation of 15% – 20% of the drug production cost, the market scale of the relevant industrial chain this year is US $3.3-4.4 billion. China’s supply chain system of small molecule drug intermediates, APIs and preparations is stable and mature, and relevant enterprises are expected to generate huge profits. Recently, cdmo enterprises boten (US $681 million) and Asymchem Laboratories (Tianjin) Co.Ltd(002821) (US $481 million + RMB 2.72 billion) have disclosed that they have obtained large orders. From the details of amount, time and so on, we speculate that they are Pfizer paxlovid orders. With the gradual expansion of production capacity and product delivery, enterprises in the whole industrial chain are expected to benefit.
agricultural related stocks collectively develop seed industry may become an important investment direction
On March 11, agricultural related sectors such as corn, transgenic and planting industry continued to rise. As of press time, Jinjian Cereals Industry Co.Ltd(600127) , Shenzhen Kingsino Technology Co.Ltd(002548) and Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Chen Ke Ming Food Manufacturing Co.Ltd(002661) , Orient Group Incorporation(600811) and other stocks followed suit. Chen Li, chief economist of Chuancai securities, said that with the overall victory of China’s fight against poverty, the focus of “agriculture, rural areas and farmers” will shift to “Rural Revitalization”, and the “seed industry revitalization” of this meeting was mentioned again, highlighting the importance of this strategy. From the perspective of “common prosperity” and high-quality development, strengthening scientific and technological breakthroughs in agriculture is also a key link to achieve common prosperity. From the perspective of national strategy, agriculture is the foundation of people’s livelihood and power, and agricultural seed industry is the national strategic and basic core industry. To change the mode of agricultural production, we should accelerate the transformation of agricultural and rural modernization. From the market point of view, the current global inflation still exists, and grain prices are expected to remain high. It is very important to deeply implement the revitalization action of seed industry.
China International Capital Corporation Limited(601995) said that on the one hand, import fluctuations will not be the main factor disturbing China’s Shenzhen Agricultural Products Group Co.Ltd(000061) supply. China’s dependence on grain imports is low. In 2021, the total amount of corn exported by Ukraine to China accounted for only 2.57% of the annual consumption. On the other hand, the rise in import costs caused by the rise in the prices of bulk commodities such as crude oil and chemical fertilizer is the key. Superimposed on the upward trend of Shenzhen Agricultural Products Group Co.Ltd(000061) price in the external market, it catalyzes the bullish sentiment in the market, which is expected to drive the further rise of Shenzhen Agricultural Products Group Co.Ltd(000061) prices such as corn.
The agency believes that China’s seed production industry has ushered in changes and is gradually adjusting and strengthening in many aspects, including strengthening the protection and utilization of seed sources, strengthening innovative protection, and promoting the development of biological breeding technology. Agriculture, especially seed production industry, will benefit from this, driving the improvement of investment sentiment.
pork stocks rose against the trend pig prices remained low when will the next cycle start
In early Friday trading, pork stocks rose against the trend. According to the monitoring of the national development and Reform Commission, during the week from February 28 to March 4, the national average specific price of pig grain was 4.89 ∶ 1, which was in the level-1 early warning range of excessive decline determined by the plan for improving the regulation mechanism of government pork reserves and ensuring supply and price stability in the pork market for two consecutive weeks. The national development and Reform Commission and relevant departments started the collection and storage of the second batch of central frozen pork reserves during the year, and guided all localities to actively collect and store.
In the next step, the national development and Reform Commission will continue to work with relevant departments to regulate reserves, further strengthen the collection and storage when necessary, promote the return of pig prices to a reasonable range, and promote the smooth operation of the pig market. It is suggested that farms (households) reasonably arrange production and operation decisions to maintain the overall stability of pig production capacity and the normal rhythm of slaughter and supplement.
Recently, Muyuan Foods Co.Ltd(002714) , Wens Foodstuff Group Co.Ltd(300498) and other pig enterprises released sales briefings in February. Among them, the sales data of most enterprises showed a downward trend month on month and year-on-year Wens Foodstuff Group Co.Ltd(300498) in the institutional research, it is preliminarily expected that the pig price will remain at a low position in the first half of 2022, and the deregulation of industrial capacity will accelerate. It is optimistically estimated that after the third quarter of 2022, pig prices may enter the upward channel of the next cycle; It is pessimistic to estimate that 2022 is still at the social average breakeven line, and it may take 2023 to enter the upward channel of the next cycle. However, it should be noted that when there are consistent expectations in the industry, the actual situation may deviate from the expectations. When to enter the next cycle cannot be accurately judged.
The Pacific Securities Co.Ltd(601099) Securities said that the low pig price superimposed on the rising cost, the pig industry continued to suffer substantial losses, the power to eliminate production capacity was sufficient, the reversal logic of pig price was strong during the year, and the “optimistic” rating of breeding was maintained. Combined with the valuation, continue to focus on the recommendation of pig breeding and yellow chicken breeding.
Dongxing Securities Corporation Limited(601198) believes that the recent oversupply situation has not been reversed, and the short-term pig price is expected to fluctuate at the bottom, and there is still room for a slight downward exploration. Superimposed with the sharp rise in feed prices caused by the current large Shenzhen Agricultural Products Group Co.Ltd(000061) comprehensive price rise, the breeding cost remains high, and the continuous loss will further promote the industry to take the initiative to reduce production capacity, which will further strengthen the expectation of starting the next round of rise in 2022.
Huawei’s whole house intelligent strategy will face a major upgrade intelligent controller is expected to fully benefit as an important tool (with shares)
It is reported that Huawei announced that the spring conference of 2022 Huawei’s whole house intelligent and full scene new products will be held at 19:00 on March 16. This will be Huawei’s first heavyweight press conference after MWC 2022, which is expected to upgrade the strategy and solutions of the whole house intelligence again, so as to better realize the integration of platform, ecology, chip, operating system, underlying communication and other fields.
With the rapid popularization of 5g network, smart home applications based on Internet of things and cloud computing have a broad development scenario. IDC report shows that the global smart home market value is expected to exceed US $400 billion in 2025 China International Capital Corporation Limited(601995) believes that there will be an inflection point in the field of smart home with the fastest landing of aiot, from smart single product to whole house smart. Many aiot system platforms, including Xiaomi and Huawei, will reflect more value.
Dongguan Securities believes that intelligent controller is the control unit in electronic products, equipment, devices and systems. Generally, microcontroller (MCU) chip or digital signal processor (DSP) chip is used as the core component to realize specific sensing, calculation and control functions through built-in corresponding computer software programs, Play the role of “nerve center” and “brain” in terminal products. With the downstream industry gradually entering the intelligent era and the continuous upgrading of terminal products, it will be more intelligent, integrated and humanized in the future, creating a good opportunity for the development of intelligent controller industry.
Smart home provides personalized services for customers through data collection and analysis. With the gradual improvement of various infrastructure and the continuous upgrading of residents’ consumption structure, its application scenarios are constantly expanding, and it is undergoing the transformation from intelligent single product stage to intelligent interconnection stage. Compared with overseas developed countries, China’s smart home has a low penetration rate and has a large potential growth space. As an important tool for home intellectualization, intelligent controller is expected to fully benefit from the development trend of home intellectualization. In the era of Internet of things, the number of terminal connections has increased rapidly, and the upgrading and iteration speed of terminal products has accelerated, which has promoted the unit price and added value of intelligent controller products, and the industry has ushered in the opportunity of both volume and price. It is suggested to pay attention to Shenzhen Topband Co.Ltd(002139) , Shenzhen H&T Intelligent Control Co.Ltd(002402) and Genbyte Technology Inc(003028) and other enterprises that actively layout automotive electronics in China.
