Key investment points:
The sanctions against Russia may be significantly extended to new energy sectors on Monday. On March 8, Biden announced an energy ban on Russia, which would prohibit the United States from importing oil, liquefied natural gas and coal from Russia; The UK will also gradually stop importing Russian oil and related products by the end of 2022. Russia is the world’s second largest oil producer. In 2021, its oil exports to the United States accounted for about 8% of the total crude oil imports of the United States. After the escalation of sanctions, the short-term supply side of international crude oil has been significantly tightened, and the annual inflection point of international crude oil price is expected to be delayed. According to the data disclosed in the latest short term energy outlook of the U.S. Energy Administration (EIA), the annual price center of Brent crude oil is expected to be increased to $105 / barrel (compared with the previous forecast + 26.6%), and the annual price center of WTI crude oil is expected to be increased to $101 / barrel (compared with the previous forecast + 27.1%).
Industry and company dynamics this week: 1) photovoltaic equipment: the demand of the whole industry chain is high, the boom continues, and the performance of Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Suzhou Maxwell Technologies Co.Ltd(300751) 2021 increases. 2) Semiconductor equipment: this week, China’s major wafer factories opened 9 sets of process equipment, including 5 sets of Huahong Wuxi (2 sets of front channel testing equipment and 3 sets of rear channel testing equipment) and 4 sets of furnace tube equipment in Shanghai Jita. Chinese manufacturers failed to win the bid Naura Technology Group Co.Ltd(002371) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Shenzhen Xinyichang Technology Co.Ltd(688383) . 3) Lithium battery equipment: Tesla hoards a large amount of lithium nickel resources to prepare for mass production of LFP battery and 4680. Corelithium, an Australian lithium miner, announced a supply agreement with Tesla, which will supply up to 110000 tons of spodumene concentrate to Tesla within four years from 2023. 4) Oil service: the energy embargo imposed by the United States on Russia resulted in insufficient global oil supply, and the release scale of the energy agency was less than expected. OPEC Secretary General Mohamed baljindo again stressed at the Cambridge Energy week meeting on the 8th that the current global production capacity could not fill the gap after excluding the share of Russian oil exports, and called on not to “politicize” the energy issue. 5) Laser and automation: in February, the ex factory price of industrial producers increased by 8.8% year-on-year and 0.5% month on month. 6) Sewing equipment: on March 11, China Sewing Machinery Association released the analysis of the impact of the situation in Russia and Ukraine on China’s sewing machinery industry, saying that the situation in Russia and Ukraine may have a negative impact on China’s sewing machine exports by 5 percentage points in 2022.
The core target of this week’s portfolio of the core of the week’s portfolio: it’s recommended to focus on the growth track with a high boom, and the periodic sector investment opportunities with high elasticity and upward infleinfleinfleturning points, and the periodic sector with high resilience and upward infleturning points, and the periodic sector with high resilience, turning points and upward turning points. It’s recommended to focus on the growth track with a high boom, and the periodic sector with high resilience, and cyclical sector with high resilience, and periodic sector with high resilience, turning points upward, turning points, turning points, and turning points. Oil service sector recommends [ Shenzhen Xinyichang Technology Co.Ltd(688383) 7777 ], [ Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) ] and [ Shenzhen Inovance Technology Co.Ltd(300124) ] are recommended for general automation, and [ China Cssc Holdings Limited(600150) ] is recommended for ship sector.
Risk tips: 1. The production expansion progress of lithium battery manufacturers is less than expected; 2. The recovery of the shipbuilding industry is less than expected; 3. The business growth of the recommended company is less than expected.
