Today (March 17), A-Shares continued the strong rebound pattern, the Shanghai index recovered 3200 points, and the rise of Shenzhen Component Index and gem index was more prominent. On the disk, in the industry, semiconductors, traditional Chinese medicine, glass fiber, real estate development, games, batteries, medical treatment, decoration, tourism hotels, biological products, electronic components, coal, auto parts and other industries led the rise, while photovoltaic, securities, shipping ports and other small pullbacks. In terms of theme stocks, rental and sale rights, helium concept, hair medicine, cloud games, blade batteries and other gains were higher.
liquor stocks rose in the afternoon Anhui Golden Seed Winery Co.Ltd(600199) etc. rose sharply Kweichow Moutai Co.Ltd(600519) back above 1700 yuan
Liquor stocks rose in the afternoon on the 17th. As of press time, Hai Nan Yedao (Group) Co.Ltd(600238) , Anhui Golden Seed Winery Co.Ltd(600199) limit, Luzhou Laojiao Co.Ltd(000568) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) and other gains were ahead, and Kweichow Moutai Co.Ltd(600519) rose nearly 3% to return above 1700 yuan.
Some analysts pointed out that from 1-2 months of operation data, some Baijiu companies have achieved good results and are expected to boost market confidence. East Asia Qianhai Securities said that Kweichow Moutai Co.Ltd(600519) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Jiugui Liquor Co.Ltd(000799) and other outstanding performance from January to February, calming the market pessimism Wuliangye Yibin Co.Ltd(000858) valuation discount is relatively obvious. Under the double improvement of reform and rating improvement, there is room for valuation repair. Sub high end Baijiu is still the fastest growth volume, and the efficiency of channel reform and landing implementation is the key factor for the short term growth of liquor companies. The performance improvement momentum of sub high-end liquor enterprises comes from the volume increase brought by their national expansion and the ton price increase brought by the upgrading of product structure. It is suggested to pay attention to the secondary high-end liquor enterprises with strong medium and long-term performance growth certainty.
However, under the main tone of "steady growth" this year, it will continue to promote the continuous recovery of consumption, and the demand side of food and beverage may usher in improvement, which will help support the valuation. In the year of "steady growth" policy, the scale of social financing increased first, and the stock price of Baijiu industry lagged behind for 6 months. Steady growth of the capital investment in fixed assets and other fixed assets investment growth led to the Baijiu industry with a strong demand side, leading to the performance improvement of the report end; The central bank's liquidity release actions are based on the M2 structure, which will support the valuation of the Baijiu sector. MLF
Sealand Securities Co.Ltd(000750) believes that in the short term, the Baijiu sector is affected by factors such as the outflow of foreign capital and the overall callback of the whole market, which leads to the obvious callback of the whole sector and the adjustment of the overall elastic space. In the future, with the stabilization of the sector, we are optimistic about the repair opportunities of some leading targets, such as high-end liquor maowulu, third tier secondary high-end Jiugui Liquor Co.Ltd(000799) and regional real estate liquor leaders. In the long run, it is still considered that 2022 is a structurally differentiated market, and individual stocks should be preferred to continue to be optimistic about the great opportunity of secondary high-end capacity expansion. Continue to recommend Kweichow Moutai Co.Ltd(600519) and sub high-end regional leaders from the perspectives of fundamentals, valuation, performance certainty and market expectations, such as Anhui Kouzi Distillery Co.Ltd(603589) , Jiangsu King'S Luck Brewery Joint-Stock Co.Ltd(603369) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) , etc.
many ministries and commissions have made intensive statements, and the real estate stocks have raised the tide of limit trading. Institutional interpretation is coming
On March 17, the real estate development sector strengthened significantly. As of press time, Tianjin Tianbao Infrastructure Co.Ltd(000965) , Suning Universal Co.Ltd(000718) , Seazen Holdings Co.Ltd(601155) and other nearly 10 stocks rose by the limit, Jinke Property Group Co.Ltd(000656) , Hangzhou Binjiang Real Estate Group Co.Ltd(002244) and other stocks in the sector rose significantly, and nearly all stocks in the sector were red. According to Xinhua news agency, when answering reporters' questions on the pilot real estate tax reform, the relevant person in charge of the Ministry of Finance said that the pilot real estate tax reform was carried out in accordance with the authorization of the Standing Committee of the National People's Congress. Some cities have carried out investigation and preliminary research, but considering all aspects, there are no conditions to expand the pilot cities of real estate tax reform this year.
Ping An Securities believes that the voice of the regulators is conducive to strengthening the confidence to resolve industry risks in a timely and effective manner. It is expected that more stable real estate policies will be introduced in the future.
Sinolink Securities Co.Ltd(600109) pointed out that the statement on real estate at the special meeting of the Finance Committee of the State Council shows that the current government has realized the existence of risks in the real estate industry and intends to issue response plans in terms of "prevention" and "resolution", highlighting its great importance. The continuous introduction of subsequent real estate relaxation policies is a high probability event, but short-term sales have not stabilized, superimposed the impact of the epidemic, or some real estate enterprises are still facing difficulties in debt payment. Considering the conservatism and excess return, we are optimistic about the real estate enterprises whose sales can achieve contrarian growth last year and this year.
Citic Securities Company Limited(600030) said that regulators fully understand the credit risks faced by real estate enterprises and attach great importance to resolving risks, which is the basic premise of the soft landing of the real estate market. The next few months are the key time window for ensuring the industry's credit. Due to the city's implementation of policies, the continued implementation of demand side support, the changes in real estate market sales and the development of mergers and acquisitions, it is worthy of close observation by investors. Although some enterprises have defaulted, some enterprises are still facing the difficulty of debt extension, and some enterprises may face the challenge of shrinking the table, the policy is expected to strongly support the bottom demand, and there should be no systemic risk in the real estate industry.
domestic covid-19 oral drug delivers good news, and the list of blue chip concept stocks is released
Statistics show that there are 39 A-shares in covid-19 therapeutic drugs and industrial chain, with Wuhan Hiteck Biological Pharma Co.Ltd(300683) , China Meheco Group Co.Ltd(600056) trading limit yesterday, and Ningbo Menovo Pharmaceutical Co.Ltd(603538) , Shanghai Kaibao Pharmaceutical Co.Ltd(300039) , Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) rising at the top.
In addition, statistics show that 31 concept stocks have announced the performance forecast for 2021, of which 17 have increased in advance. According to the median year-on-year increase in net profit, Tianjin Lisheng Pharmaceutical Co.Ltd(002393) , Nanjing Hicin Pharmaceutical Co.Ltd(300584) , Wuhan Hiteck Biological Pharma Co.Ltd(300683) are expected to increase by 1312.6%, 431.7% and 220.88% respectively.
In terms of capital flow, some concept stocks were favored by funds going north. In March, a total of 7 stocks were added, and the shareholding of Tianjin Chase Sun Pharmaceutical Co.Ltd(300026) , Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) , Phichem Corporation(300398) and Phichem Corporation(300398) increased by more than 1 million shares. HongRi pharmaceutical said that Xuebijing injection, the company's main product, showed good efficacy and safety in the clinical practice of treating severe and dangerous cases of covid-19 pneumonia. It was recommended by the State Administration of traditional Chinese medicine to be included in the "three drugs and three parties" of anti epidemic traditional Chinese medicine.
home furnishing sector has an active trend Xlinmen Furniture Co.Ltd(603008) , Jiangshan Oupai Door Industry Co.Ltd(603208) and other multi stock trading limits
The trend of the home furnishing sector was active on the 17th. As of press time, Shandong Yuma Sun-Shading Technology Corp.Ltd(300993) , Qumei Home Furnishings Group Co.Ltd(603818) , Xlinmen Furniture Co.Ltd(603008) , Jiangshan Oupai Door Industry Co.Ltd(603208) and other trading limits, Zbom Home Collection Co.Ltd(603801) , Suofeiya Home Collection Co.Ltd(002572) , Jason Furniture (Hangzhou) Co.Ltd(603816) .
China Galaxy Securities Co.Ltd(601881) Securities believes that under the background of steady growth, real estate Support Policies occur frequently, reasonable housing demand will be guaranteed, and the prosperity of the real estate industry is expected to pick up. At the same time, in 2022, 315 activities, household enterprises enter the whole era and release heavy packages, which is expected to achieve brilliant achievements, boost market confidence and drive the repair of industry valuation. It is suggested to pay attention to Oppein Home Group Inc(603833) , Suofeiya Home Collection Co.Ltd(002572) , Zbom Home Collection Co.Ltd(603801) , Jason Furniture (Hangzhou) Co.Ltd(603816) and Minhua holdings, which have core competitiveness, continuous development of channels and categories, rapid growth of performance and increasing market share.
Dongxing Securities Corporation Limited(601198) said that the two sessions laid the tone of steady growth, and mentioned "implementing policies for cities" for the first time in the government work report. The follow-up real estate policy is expected to continue to pick up. It is speculated that the real estate policy is mostly reflected in cities below the second tier, and it is optimistic about the recovery of furniture demand in low tier cities. 1) The software industry with low cost is optimistic about the furniture industry in the city. Recommendation Jason Furniture (Hangzhou) Co.Ltd(603816) (. 2) in terms of customized furniture, the company is optimistic about the synchronous rebound of bulk business and retail business under the relaxation policy of real estate, which will bring performance flexibility. Recommended Oppein Home Group Inc(603833) , Suofeiya Home Collection Co.Ltd(002572) . 3) It is suggested to pay attention to the main line of the sinking market. Zbom Home Collection Co.Ltd(603801) , gold medal cabinets with high income in low line cities are expected to fully benefit from the real estate policy.
automotive power semiconductors have a maximum price increase of 50%, and the market share of IGBT of local manufacturers may continue to increase (with shares)
According to media reports, due to the strong demand for power semiconductors such as automotive MOSFETs and the full capacity of the 6-inch chip foundry, as an outsourcing factory, Hanlei will comprehensively increase the quotation for the key customer Infineon by up to 50%. At the same time, it will actively expand the capacity of the third-generation semiconductor silicon carbide. It is expected that the shipment volume will grow by multiple this year.
At present, the demand for automotive and industrial control power semiconductors continues to be strong. Infineon has a backlog of orders of more than 31 billion euros, and 80% of the demand is concentrated within 12 months, far exceeding the delivery capacity. Zhao Yi of East Asia Qianhai Securities said that the trend of automobile electrification drives the rapid growth of IGBT demand. It is expected that the scale of IGBT in Shanxi Guoxin Energy Corporation Limited(600617) automobile market will reach 38.5 billion yuan in 2025. At present, the IGBT market is mainly occupied by large overseas factories, and the self-sufficiency rate of high-end products of Chinese enterprises is still low. Under the background of shortage and rising prices, the market share of local manufacturers may continue to increase.
Among the related stocks, Zhongtai Securities Co.Ltd(600918) recommends Starpower Semiconductor Ltd(603290) . As the leader of domestic IGBT, the company fully benefits from the prosperity of the industry and domestic substitution; From the supply side, as a major customer of the wafer factory, the company is easier to obtain Capacity Guarantee and support the rapid growth of the business.
Founder Securities Co.Ltd(601901) recommended China Resources Microelectronics Limited(688396) . The company has accumulated a series of product lines in the fields of power semiconductors and independently developed IGBT process platform and corresponding modules. The manufacturing technology of the company's IGBT products has been comprehensively improved to 8 inches, and 1200v40afs-igbt products have achieved mass production in the industrial field; The technical parameters of the new generation 650v40afs-igbt samples have reached the level of foreign benchmarking products, and samples have been sent to customers for evaluation.
lithium iron phosphate price is strong, and the industry is expected to continue to improve
According to the data of business agency, as of March 17, the price of lithium iron phosphate operated stably. Compared with the same period last week, the price of lithium iron phosphate mainly operated stably. The supply of manufacturers was tight, the supply side was insufficient, the focus of negotiation was high, and the overall market negotiation atmosphere was acceptable. The focus of the upstream market was high, and the price was high. The lithium iron phosphate market had certain support, and the overall market was strong. The price of lithium iron phosphate is expected to be strong in the short term.
Citic Securities Company Limited(600030) pointed out that in 2021, the electric vehicle penetration rate has reached 15.6%. From the perspective of new models, the proportion of electric vehicles has further increased, reaching 29% in 2021q4, accounting for a year-on-year growth rate of 52%; From the perspective of key joint venture brands, the proportion of electric vehicle types of Hyundai, Volkswagen, Ford, Honda, Chevrolet, Mercedes Benz and BMW has increased rapidly. Embrace the joint venture brand and boost the speed in 2022. The supply trend of electric vehicles is improving, the infrastructure of charging stations and the insurance liability of new energy vehicles are further standardized, and the penetration rate of electric vehicles in 2022h1 is expected to be further improved.
The agency believes that the supply trend of electric vehicles is improving, the infrastructure of charging stations and the insurance liability of new energy vehicles are further standardized, and the penetration rate of electrification in 2022h1 is expected to be further improved. In the context of the booming electrification industry, from the perspective of the market structure of battery materials, the proportion of lithium iron phosphate batteries has exceeded that of ternary batteries, and enterprises have further increased the production expansion layout of lithium iron phosphate. However, the production expansion of ternary lithium is slowing down, and lithium iron phosphate batteries are expected to continue to prosper and become the mainstream of technology. It is suggested to pay attention to the investment opportunities of lithium iron phosphate industrial chain.
East Asia Qianhai Securities said that in the short term, supported by the cost side and low inventory, the price of lithium iron phosphate may remain high. In the long run, the demand for downstream power batteries and energy storage equipment is growing rapidly, and the lithium iron phosphate industry is expected to continue to prosper. Relevant targets under the prosperity of lithium iron phosphate market may benefit, such as Hubei Yihua Chemical Industry Co.Ltd(000422) , Shenzhen Dynanonic Co.Ltd(300769) , Hunan Yuneng, etc.
