At the end of each year, China’s major securities companies have staged heavy “traditional programs” and launched the “top ten gold stocks” or varying numbers of gold stocks in the coming year according to their own comprehensive research and judgment.
So, what is the number and quality of 2022 annuity shares pushed by securities companies? Recently, the reporter of Securities Daily combed the gold stocks of 50 securities companies and interviewed industry experts to find out.
in 2022 gold stocks were released
Looking through 323 2022 industry strategy reports of 50 securities companies, the reporter found that securities companies recommended stocks of 1247 companies 3959 times, involving all 31 first-class industries of Shenwan.
Further, according to the algorithm, we can get the top ten gold stocks in the top ten industries in 2022. The specific statistical method is as follows: select the top 10 industries and the stocks recommended the most times in each industry by the proportion of stocks recommended by securities companies in the industry. If the number of recommendations is the first in the industry, they will be selected at the same time. Finally, the top 10 will be ranked according to the number of recommendations and the dynamic P / E ratio of stocks, and determined as the top 10 gold stocks.
According to the statistics, the top ten shenwanyi industries recommended by securities companies in 2022 are: Food and beverage, banking, beauty care, petroleum and petrochemical, building materials, power equipment, national defense and military industry, iron and steel, agriculture, forestry, animal husbandry and fishery, coal, and the stock recommendation rate of the industry exceeds 32%. Obviously, the “net” of securities companies’ gold stocks is wide.
According to the above algorithm, the top ten gold stocks of securities companies in 2022 are: Wuliangye Yibin Co.Ltd(000858) , China Merchants Bank Co.Ltd(600036) , Bloomage Biotechnology Corporation Limited(688363) , Jiangsu Eastern Shenghong Co.Ltd(000301) , Sinoma Science & Technology Co.Ltd(002080) , Contemporary Amperex Technology Co.Limited(300750) , Avic Heavy Machinery Co.Ltd(600765) , Guizhou Space Appliance Co.Ltd(002025) , Fushun Special Steel Co.Ltd(600399) , Wens Foodstuff Group Co.Ltd(300498) . Among them, the coal industry China Shenhua Energy Company Limited(601088) missed the top ten gold stocks because it did not meet the algorithm requirements.
detailed explanation of top ten gold stocks in top ten industries in 2022
What are the fundamentals of the top ten gold stocks in the top ten industries of securities companies in 2022? The reporter of Securities Daily combed this one by one, and many securities companies also expressed their views.
Specifically, food and beverage ranked first. 55 of the 117 companies in the industry were recommended 248 times by securities companies in the 2022 strategy report, with a stock recommendation rate of 47.01%.
Sinolink Securities Co.Ltd(600109) said that the valuation of the food and beverage sector returned to a reasonable range, the fundamentals are expected to accelerate the improvement, and the high-quality leader continues to prove its moat in economic fluctuations. In the first half of 2022, Baijiu was recommended as a deep moat with a good business model and a high price for valuation. The second half focused on improving the public sector of the fundamentals and the boom.
The most recommended stock in the industry is Wuliangye Yibin Co.Ltd(000858) , and securities companies recommend it 16 times in total. The average predicted net profits attributable to the shareholders of the parent company from 2021 to 2023 given by the securities companies are RMB 24 billion, RMB 28.52 billion and RMB 33.52 billion respectively.
It is worth mentioning that Kweichow Moutai Co.Ltd(600519) has also been recommended 14 times. The average predicted net profits attributable to the shareholders of the parent company from 2021 to 2023 given by the securities companies are 52.740 billion yuan, 61.370 billion yuan and 70.510 billion yuan respectively.
The bank ranked second. Among the 41 companies in the industry, 19 were recommended 74 times by securities companies in the 2022 strategy report, with a stock recommendation rate of 46.34%.
Guosen Securities Co.Ltd(002736) it is expected that the fundamentals of the banking industry will remain stable and maintain a low-speed growth trend in 2022. It is expected that the asset scale has little impact on the growth of net profit. After the net interest margin stabilizes, the income growth rate rises slightly, the asset quality remains stable, but the provision back feeding profit is reduced. It is expected that the overall net profit growth of listed banks will be about 5%.
In this industry, China Merchants Bank Co.Ltd(600036) is recommended the most, and securities companies recommend it 12 times in total. The average predicted net profits attributable to the shareholders of the parent company from 2021 to 2023 given by the securities companies are 118.6 billion yuan, 138.4 billion yuan and 161 billion yuan respectively.
Beauty care ranked third. 13 of the 29 companies in the industry were recommended 32 times by securities companies in the 2022 strategy report, with a stock recommendation rate of 44.83%.
Dongguan Securities said that the subdivided leaders in China’s cosmetics industry will enjoy high growth under the trends of stricter industry supervision, enhanced brand building, high increase of online sales driven by e-commerce dividends, rise of effective skin care track and substitution of domestic products. The high-quality company of high-quality track will develop towards the trend of multi brand and multi category, Wuxi Online Offline Communication Information Technology Co.Ltd(300959) combined omni-channel marketing mode, focusing on R & D and innovation. In the first half of 2022, the small recovery of the cosmetics industry is expected to be driven by the subdivided leading companies in the industry.
In this industry, Bloomage Biotechnology Corporation Limited(688363) and Imeik Technology Development Co.Ltd(300896) were recommended for 5 times, ranking first in the industry. Specifically, the average predicted net profits attributable to the shareholders of the parent company from Bloomage Biotechnology Corporation Limited(688363) 2021 to 2023 given by the securities companies are 817 million yuan, 1142 million yuan and 1536 million yuan respectively; The average predicted net profit attributable to the shareholders of the parent company from Imeik Technology Development Co.Ltd(300896) 2021 to 2023 is 920 million yuan, 1385 million yuan and 1967 million yuan respectively.
Petroleum and petrochemical ranked fourth. Among the 46 companies in the industry, 19 were recommended 62 times by securities companies in the 2022 strategy report, with a stock recommendation rate of 41.30%.
Cinda Securities said that the leading performance of large refining and chemical industry in 2021 was brilliant, but under the “double carbon” and other policies, the market was worried about limited growth, and the valuation generally returned to less than 10 times, at the bottom of historical valuation. Driven by the “14th five year plan” and “carbon neutralization”, the petrochemical industry will undergo supply side reform. “Reducing oil and increasing chemical production”, “import substitution” and “new energy and new materials” are the three main routes, including fine chemicals, high-end olefins and light hydrocarbon cracking, which are important directions for the development of petrochemical pattern in the future. They are optimistic about undervalued leading enterprises, actively explore new opportunities and open up growth space.
In this industry, Jiangsu Eastern Shenghong Co.Ltd(000301) is recommended the most, and securities companies recommend it 10 times in total. The average predicted net profits attributable to the shareholders of the parent company from 2021 to 2023 given by the securities companies are RMB 2.721 billion, RMB 8.683 billion and RMB 12 billion respectively.
Building materials ranked fifth. 30 of the 76 companies in the industry were recommended 137 times by securities companies in the 2022 strategy report, with a stock recommendation rate of 39.47%.
Ping An Securities said that the improvement of liquidity of real estate enterprises will bring opportunities for valuation repair in the building materials industry, including cement, waterproof, glass and so on.
The Sinoma Science & Technology Co.Ltd(002080) is recommended the most in the industry, and securities companies recommend it 14 times in total. The average predicted net profits attributable to the shareholders of the parent company from 2021 to 2023 given by the securities companies are RMB 3.606 billion, RMB 4.071 billion and RMB 4.710 billion respectively.
Power equipment ranked sixth. 113 of the 287 companies in the industry were recommended 469 times by securities companies in the 2022 strategy report, with a stock recommendation rate of 39.37%.
Guosen Securities Co.Ltd(002736) said that in 2022, the global new energy industry will enter a comprehensive resonance period. In terms of new energy power generation, China’s new installed capacity is expected to exceed 50%, and overseas will maintain a high growth rate; The sales volume of electric vehicles continues to maintain a rapid growth of more than 50%. On the premise of relative shortage of upstream resources, the leading enterprises of key materials, components and equipment maintain the trend of constant strength of the strong.
The Contemporary Amperex Technology Co.Limited(300750) is recommended the most in the industry, and securities companies recommend it 13 times in total. The average predicted net profits attributable to the shareholders of the parent company from 2021 to 2023 given by the securities companies are RMB 10.561 billion, RMB 17.018 billion and RMB 24.526 billion respectively.
Defense industry ranked seventh. 44 of the 116 companies in the industry were recommended 113 times by securities companies in the 2022 strategy report, with a stock recommendation rate of 37.93%.
The Pacific Securities Co.Ltd(601099) Securities said that the “14th five year plan” period will become a stage of sustained and rapid growth of China’s weapons and equipment, the overall demand growth of military industry will continue, and the national defense and military industry will be in a business cycle in the next five to 10 years. 2021 is the first year of the 14th five year plan, which is at the initial stage of centralized demand release, continuing the rapid growth trend in 2020; In 2022, orders in some fields during the “14th five year plan” will be released. According to the balance sheet and orders of listed companies, it can be found that during the “14th five year plan” period, the annual compound growth rate of industry demand will reach about 15%, the profit growth rate will be higher than the income growth rate, and the growth rate of high-quality leading enterprises in the boom segment will be higher than the industry growth rate.
In this industry, Avic Heavy Machinery Co.Ltd(600765) and Guizhou Space Appliance Co.Ltd(002025) are recommended the most, and securities companies recommend them six times.
The average predicted net profit attributable to the shareholders of the parent company from Avic Heavy Machinery Co.Ltd(600765) 2021 to 2023 given by the securities companies is RMB 747 million, RMB 1041 million and RMB 1370 million respectively; The average predicted net profit attributable to the shareholders of the parent company from Guizhou Space Appliance Co.Ltd(002025) 2021 to 2023 is RMB 602 million, RMB 798 million and RMB 1.031 billion respectively.
Iron and steel ranked eighth, and 16 of the 44 companies in the industry were recommended 35 times by securities companies in the 2022 strategy report, with a stock recommendation rate of 36.36%.
Huabao securities predicts that in 2022, the demand for steel in the consumption chain is expected to be better than that in the investment construction chain. It is expected that there will be a profit pattern of “strong board, long weak board” throughout the year, and the profit center of special steel companies is higher than that of ordinary steel companies.
In this industry, Fushun Special Steel Co.Ltd(600399) is recommended the most, and securities companies recommend it 6 times in total. The average predicted net profit attributable to the shareholders of the parent company from 2021 to 2023 given by many institutions is RMB 855 million, RMB 1141 million and RMB 1428 million respectively.
Agriculture, forestry, animal husbandry and fishery ranked ninth. 33 of the 100 companies in the industry were recommended 110 times by securities companies in the 2021 strategy report, with a stock recommendation rate of 33.00%.
Dongguan Securities said that in the first half of this year, the agriculture, forestry, animal husbandry and fishery sector can focus on the inflection point of the cycle and policy support, grasp the two main investment lines of breeding and seed industry, and look for investment opportunities with medium and high prosperity in the sector.
In this industry, Wens Foodstuff Group Co.Ltd(300498) is recommended the most, and securities companies recommend it 9 times in total. The average net profit attributable to the shareholders of the company is expected to be RMB -7.61 billion and RMB -8.63 billion in 2023, respectively.
Coal ranks 10th. Among the 38 companies in the industry, 12 were recommended 23 times by securities companies in the 2021 strategy report, with a stock recommendation rate of 31.58%.
China Industrial Securities Co.Ltd(601377) said that the national energy work conference pointed out that we should continue to play the role of coal as a “ballast”, unswervingly promote the green transformation and development of energy, and promote the clean, low-carbon and efficient utilization of energy. It is suggested to continue to pay attention to the transformation progress of coal enterprises to new energy.
In this industry, China Shenhua Energy Company Limited(601088) is recommended the most, and securities companies recommend it four times in total. The securities companies expect the average net profit attributable to the shareholders of the parent company from 2021 to 2023 to be 53.150 billion yuan, 55.6 billion yuan and 56.980 billion yuan respectively.
What is the performance of gold stock market ?
Gold stocks pushed by securities companies involve many industries, and the number is often thousands. What is the market performance?
According to the above statistics, the top ten gold stocks in the top ten industries ( Wuliangye Yibin Co.Ltd(000858) , Kweichow Moutai Co.Ltd(600519) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Yonyou Network Technology Co.Ltd(600588) , Shanghai Baosight Software Co.Ltd(600845) , Perfect World Co.Ltd(002624) , China Merchants Bank Co.Ltd(600036) , Flat Glass Group Co.Ltd(601865) , Luxshare Precision Industry Co.Ltd(002475) , Spring Airlines Co.Ltd(601021) ) recommended by securities companies in 2021 have profit opportunities in 2021, with the highest closing increase of Flat Glass Group Co.Ltd(601865) in the year, up to 50.29%. The highest closing gains in Shanghai Baosight Software Co.Ltd(600845) , China Merchants Bank Co.Ltd(600036) , Kweichow Moutai Co.Ltd(600519) and other years exceeded 30%, and the highest closing gains in Perfect World Co.Ltd(002624) also reached 4.54%. At the same time, in terms of annual growth, the performance of gold stocks in 2021 is not perfect. The overall decline of gold stocks in the year also reached 50%, and the cumulative decline of Perfect World Co.Ltd(002624) and Wuliangye Yibin Co.Ltd(000858) in the year exceeded 20%.
Yang Delong, chief economist of Qianhai open source fund, said in an interview with the Securities Daily, “securities companies generally determine the top ten industries and top ten gold stocks according to the research results of their research institute, which is one of the forms for securities companies to provide customer service. However, the top ten industries and top ten gold stocks do not necessarily rise, and there is also the possibility of poor performance, which can only be used as an investment reference.”
Zheng Lei, chief economist of Baoxin finance, told the Securities Daily, “among the above ten industries, we are more optimistic about four industries, such as national defense and military industry, power equipment, agriculture, forestry, animal husbandry and fishery, and banking. In terms of the quality of gold stocks, it is expected that four to five of the 10 gold stocks may perform well.”
Zheng Lei further said that we should be alert to the overheated targets in 2021 and choose industries with deterministic opportunities. Baoxin finance is more optimistic, including military science and technology, new energy power (wind photovoltaic power generation, energy storage, smart grid), new energy vehicles, medicine and biotechnology, new infrastructure, agriculture, digital RMB, VR, non bank finance, insurance and other science and technology, consumption and new economy.
According to Liu Xiangdong, Vice Minister of Economic Research Department of China Center for international economic exchanges, there are more investment opportunities in food and beverage, agriculture, forestry, animal husbandry and fishery, petroleum and petrochemical, steel and coal. He also reminded investors that in the investment process, they need to avoid the risk of following the trend and hunger.
Chen Li, chief economist of Chuancai securities and director of the Research Institute, told the Securities Daily that the top ten gold stocks generally favored by such institutions are often targets with a certain volume (large market value) and a leading position in their industry, and the stock price trend is often better. However, we can’t simply “buy and hold” such stocks. The price always fluctuates around the value, and “buy” at the appropriate price is the right choice. At the same time, it is worth noting that antitrust is still expected to be the main theme of this year. For individual stocks in the industry that have a monopoly position and are not conducive to the healthy development of the market, they cannot be overvalued.
2022 has arrived. It remains to be seen whether these industries and gold stocks pointed by the “golden finger” of securities companies will be brilliant in 2022.
(Securities Daily)
