Today (March 18) morning trading, A-share concussion and rest, showing a pattern of strong Shanghai and weak Shenzhen; In the afternoon, the stock index stopped falling and rebounded, and the tail raising market was obvious. On the disk, coal, decoration, insurance, electric power, real estate, biological products, traditional Chinese medicine, agriculture, animal husbandry, feeding and fishing, engineering construction, decoration and building materials, environmental protection and other sectors rose higher; Batteries, energy metals, wind power, semiconductors, electronic components and other small callback. In terms of theme stocks, longevity drugs, assembly buildings, rental and sale rights, online tourism, photovoltaic buildings, green power, pumped storage and shale gas led the rise; Electronic ID card, Hongmeng concept, East West calculation, digital currency and so on.
insurance sector rose rapidly in the afternoon Ping An Insurance (Group) Company Of China Ltd(601318) rose nearly 6%, and the company plans to pay a large dividend
The insurance sector rose rapidly in the afternoon on the 18th. As of press time, Ping An Insurance (Group) Company Of China Ltd(601318) rose by nearly 6%, Xishui Strong Year Co.Ltd Inner Mongolia(600291) rose by the limit, China Life Insurance Company Limited(601628) , Hubei Biocause Pharmaceutical Co.Ltd(000627) , China Pacific Insurance (Group) Co.Ltd(601601) 601 , New China Life Insurance Company Ltd(601336) , The People’S Insurance Company (Group) Of China Limited(601319) , etc. In terms of news, the 2021 annual report disclosed by Ping An Insurance (Group) Company Of China Ltd(601318) yesterday showed that during the reporting period, the company realized an operating profit of 147961 billion yuan attributable to the shareholders of the parent company, with a year-on-year increase of 6.1% and an operating roe of 18.9%. The annual cash dividend to shareholders of the parent company was 1012.8 billion yuan, with a year-on-year increase of 1.82%, and the net profit attributable to the parent company was 1012.8%; The total dividend is about 43.1 billion. It is worth mentioning that this is Ping An Insurance (Group) Company Of China Ltd(601318) consecutive 10 years to increase cash dividends.
In addition, Ping An is also increasing its repurchase efforts. In August 2021, Ping An launched a 10 billion yuan repurchase plan to repurchase A-Shares of the company at a repurchase price of no more than 82.56 yuan / share. As of February 28, Ping An Insurance (Group) Company Of China Ltd(601318) this repurchase has accumulated 777651 million A-Shares through centralized bidding transactions, accounting for 042541% of the total share capital of the company. The total amount of funds paid is 3.899 billion yuan (excluding transaction costs), the minimum transaction price is 48.18 yuan / share, and the maximum transaction price is 51.96 yuan / share.
At the performance conference, Yao Bo, CO CEO and chief financial officer of Ping An Insurance (Group) Company Of China Ltd(601318) said that the decline of Ping An’s share price in the past year was affected by many factors. First, the complex external environment had a great impact on the overall blue chip stocks. We saw that many stocks fell, Ping An Insurance (Group) Company Of China Ltd(601318) ‘s decline is not an exception, but the economic fundamentals have been improving for a long time and we are full of confidence in the blue chip stock price; Second, affected by the cyclical transformation of the life insurance industry, the overall development model of the life insurance industry has a bottleneck, but the effectiveness of Ping An’s internal life insurance reform is actively showing. I hope the market will give patience and confidence.
He said that at present, Ping An’s share price is at a historically low level. In terms of market value management, the company transmits confidence to the market in the following ways: first, it continues to pay dividends and give back to shareholders with better cash returns. In addition, it also makes stock repurchase, because stock repurchase also reflects the management’s action that Ping An’s share price is lower than the actual connotation value of the company. At present, it has implemented a repurchase amount of 3.9 billion yuan.
For the insurance sector, Zheshang Securities Co.Ltd(601878) pointed out that on March 16, the financial development and stability Commission of the State Council held a special meeting to release the positive signal of stabilizing growth and market, emphasizing that relevant departments should earnestly assume their responsibilities and coordinate with the financial management department in advance for major policies affecting the market to maintain the stability and consistency of policy expectations. Although the liability side of insurance companies is still under pressure, the expectation of the investment side will be improved, the risk uncertainty will be reduced, and the valuation will be improved in stages. The current valuation of the insurance sector is low and the safety margin is high, maintaining the “optimistic” rating of the industry.
China Meheco Group Co.Ltd(600056) rose by 200% in nearly 13 trading days
March 18, China Meheco Group Co.Ltd(600056) late trading again limit. Up to now, in the past 13 trading days, China Meheco Group Co.Ltd(600056) share price has risen 200%. According to China Central Television News, on the night of March 17, 21200 boxes of imported anti-covid-19 virus drug “pamatovir tablets / ritonavir tablets” (paxlovid) were inspected and released by the customs of Shanghai Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) free trade zone. After all import customs clearance procedures were completed, they were quickly transported to the national anti epidemic front line. This is the first batch of imports since the drug was included in the latest covid-19 pneumonia diagnosis and treatment program.
Prior to the China Meheco Group Co.Ltd(600056) announcement, the company signed an agreement with Pfizer Inc that will be responsible for the commercial operation of Pfizer Inc COVID-19 virus treatment PAXLOVID in Chinese mainland market during the agreement period (2022).
In March 16th, China Meheco Group Co.Ltd(600056) announced again. In March 15th, the National Health Council released the New Coronavirus pneumonia diagnosis and treatment plan (trial version ninth). The Pfizer Inc COVID-19 virus treatment drug PAXLOVID was included in the ninth edition of the diagnosis and treatment plan, but it has not yet entered the national health insurance. If it is included in the national medical insurance, it may have an impact on the sales price.
Paxlovid is a compound preparation of 3CL protease inhibitor nirmatrelvir and low-dose ritonavir. It is administered in combination with 300mg (two 150mg tablets) nirmatrelvir and one 100mg ritonavir tablet for covid-19 patients. It is administered twice a day for 5 days. Ritonavir helps to slow down the metabolism or decomposition of nirmatrelvir, maintain its effective concentration in the body for a long time and fight the virus for a long time. On December 22, 2021 local time, the US FDA announced that it had approved Pfizer’s emergency authorization application (EUA) for a new oral antiviral candidate of covid-19, paxlovid, for the treatment of covid-19 infection in non hospitalized adults at high risk of developing into severe diseases. This is also the first covid-19 oral antiviral drug approved by FDA.
building energy efficiency sector multi stock trading institutions: the industry has a large growth space driven by policies
On March 18, the building energy-saving sector rose rapidly, and many stocks such as Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) , Jiangsu Jingxue Insulation Technology Co.Ltd(301010) , Ningbo Xianfeng New Material Co.Ltd(300163) and others rose, while construction research design, Shantou Wanshun New Material Group Co.Ltd(300057) and others followed suit.
Recently, the Ministry of housing and urban rural development issued the 14th five year plan for building energy conservation and green building development, which clearly stipulates that by 2025, new urban buildings will be fully built into green buildings, building energy efficiency will be steadily improved, building energy consumption structure will be gradually optimized, the growth trend of building energy consumption and carbon emission will be effectively controlled, and a green, low-carbon and circular construction and development mode will be basically formed, Lay a solid foundation for the carbon peak in the field of urban and rural construction by 2030.
The plan proposes that by 2025, the energy-saving transformation area of existing buildings will be more than 350 million square meters, the construction of ultra-low energy consumption and near zero energy consumption buildings will be more than 50 million square meters, the proportion of prefabricated buildings in new urban buildings in that year will reach 30%, the installed capacity of Cecep Solar Energy Co.Ltd(000591) photovoltaic in new buildings in China will be more than 50 million KW, the application area of geothermal energy in buildings will be more than 100 million square meters, and the replacement rate of renewable energy in urban buildings will reach 8%, The proportion of electricity consumption in building energy consumption exceeds 55%.
Under the background of the government’s “double lane planning” and the gradual improvement of the people’s demand for building energy conservation, it means that the government has paid more and more attention to the improvement of building quality and living environment. Building energy conservation, building photovoltaic and other fields are important starting points of building energy conservation policy. Driven by the policy, there is a large growth space and is expected to usher in the improvement of prosperity.
Anxin Securities said that at present, the steady growth continues to increase, the “two new and one heavy” construction demand of the construction industry is clear, the local construction plans are huge, and the capital supply is relatively sufficient. The policy is expected to become another driving force for the “spring agitation” of the industry in 2022. It is suggested to actively lay out the “construction +” new business sector around the “two new and one heavy” infrastructure leader and the “double carbon” background.
two pumped storage power stations will be built in eastern and central China at the same time. The organization believes that the future growth of the industry is deterministic (with shares)
China Central Television News reported that in order to improve the regulation capacity of power grids in East and central China and promote the development of renewable energy. On March 17, the construction of two pumped storage power stations of State Grid Zhejiang Taishun and Jiangxi Fengxin started at the same time.
The two pumped storage power stations started by the State Grid at the same time are located in Taishun County, Wenzhou City, Zhejiang Province and Fengxin County, Yichun City, Jiangxi Province. The installed capacity of the two power stations has reached 1.2 million KW and the total investment is 14.773 billion yuan. It is expected that after completion and operation in 2030, the annual power generation will reach 2.4 billion kWh and the annual pumped power will reach 3.2 billion kwh, which can reduce 220000 tons of raw coal consumption and 450000 tons of carbon dioxide emission every year.
Pumped storage is the most mature energy storage method with the most mature technology, the best economy and the most large-scale development conditions at present. Using the height difference between the two reservoirs on the mountain and under the mountain, when the power consumption is low, the water under the mountain is pumped to the mountain for storage with surplus electricity. When the power consumption is peak, the water is released for power generation. It is known as the stabilizer of power grid security, the regulator of power dispatching and the memory of new energy power.
Everbright Securities Company Limited(601788) pointed out that under the background of “double carbon”, the installed capacity of new energy will increase rapidly. In the power system with high proportion of new energy, energy storage technology is urgently needed in the power system. This technology can store energy through devices or physical media for future use, which can realize the role of “peak cutting and valley filling”, solve the problem of instability of new energy power generation and reduce the loss of “wind and light abandonment”, Maintain the stable operation of power grid.
On September 17, 2021, the National Energy Administration officially issued the medium and long-term development plan for pumped storage (20212035). The plan pointed out that the construction of pumped storage power station was approved in the key implementation project library of the plan in accordance with the principle of nuclear energy and open energy. By 2025, the total scale of pumped storage operation will double that of the 13th five year plan, reaching more than 62gw; By 2030, the total scale of pumped storage put into operation will double that of the 14th five year plan to about 120gw. The expansion target explicitly mentioned in the plan will provide certainty for the future growth of pumped storage industry. Focus on recommending enterprises related to power construction Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , China energy construction, and be optimistic that the two enterprises will benefit from the continuous release of construction demand in the field of pumped storage and energy storage.
lithium carbonate price rises gently, the agency said the performance release was highly deterministic
According to the data of business agency, the price rise of industrial grade and battery grade lithium carbonate gradually slowed down this week. On March 17, the average price of industrial grade lithium carbonate in East China was 475400 yuan / ton, up 1.36% from the beginning of the week. On March 17, the average price of battery grade lithium carbonate in East China was 499600 yuan / ton, up 1.75% from the beginning of the week. As of March 17, the comprehensive quotation of industrial grade lithium carbonate market is around 440000 ~ 495000 yuan / ton, and the comprehensive quotation of battery grade lithium carbonate market is around 480000 ~ 522000 yuan / ton.
In terms of A-share investment, Guotai Junan Securities Co.Ltd(601211) believes that the price of lithium sector continues to rise. The rapid rise in price is mainly driven by the urgent demand for lithium carbonate from lithium iron phosphate manufacturers, especially overseas energy storage batteries. The lithium price is transmitted smoothly, and naturally the lithium price is further raised. Basically, the short-term lithium supply and demand continues to be tight, and the lithium price may remain strong, and the concentrate end is more certain. Although the Ministry of industry and information technology recently proposed to continue to accelerate the development of China’s lithium resources, the increase of lithium supply will not occur within one year (more affecting the long-term supply expectation). It is expected that the spot price of lithium is still easy to rise but difficult to fall in the short term.
Northeast Securities Co.Ltd(000686) pointed out that the prosperity of lithium industry may exceed expectations. In terms of supply, there are few deterministic supply increments, many overseas lithium resource projects under construction are in early stages, and the government is cautious about the development of lithium resources, so the supply situation may be more tense in the future. In terms of demand, new energy vehicles have entered a stage of rapid development, energy storage lithium batteries will usher in an explosion period, and electric vehicles + energy storage will contribute to the core increment in the future. In conclusion, the contradiction between supply and demand in the lithium industry may exist for a long time, and we are optimistic about the long-term high prosperity of “white oil” lithium resources. The target allocation value with strong performance release certainty and significant marginal improvement is highlighted.
China will expand the supply of affordable rental housing, and financial institutions will escort the development of affordable housing (with shares)
On March 17, the national development and Reform Commission issued the key tasks for the development of new urbanization and urban-rural integration in 2022, which proposed that all kinds of cities should unblock the channels for the whole family of agricultural transfer population to enter the city and settle down in accordance with the carrying capacity of resources and environment and the actual needs of economic and social development. Cities with a permanent resident population of less than 3 million in urban areas have implemented the policy of comprehensively canceling the restrictions on settlement. Focus on large cities with net population inflow, expand the supply of affordable rental housing, and strive to solve the housing difficulties of qualified new citizens, young people and other groups. Indemnificatory rental housing is mainly constructed by using rural collective operating construction land, self owned idle land of enterprises and institutions, supporting land of industrial parks and stock idle houses, and making appropriate use of newly supplied state-owned construction land. Increase the proportion of land for indemnificatory rental housing in residential land, and make a separate plan for the supply of land for rental housing, which is mainly arranged in and around the industrial park, near rail transit stations, key urban construction areas and other areas.
Northeast Securities Co.Ltd(000686) pointed out that on February 25, the China Banking and Insurance Regulatory Commission and the Ministry of housing and urban rural development issued the guidance on bank insurance institutions supporting the development of indemnificatory rental housing, pointing out that insurance funds should be supported to provide long-term financial support for indemnificatory rental housing projects through direct investment or subscription of debt investment plan, equity investment plan and insurance private placement fund, and it is required to give full play to the role of China Development Bank Support commercial banks to provide professional and diversified financial services, guide insurance institutions to provide funds and guarantee support for affordable rental housing, and support non bank institutions to participate in compliance with the law.
With the introduction of this policy, the supporting financial support for affordable rental housing has gradually taken shape, and the financial support has been strengthened. While clearly supporting the diversification of institutional subjects, it still adheres to the policy guidance of “risk prevention and strong supervision”. It is reiterated that affordable rental housing loans are not included in the concentration management of real estate loans. While ensuring the amount of affordable housing loans, the amount of commercial housing development loans is indirectly sufficient. At present, the mainstream real estate enterprises that layout the residential rental business have the asset management ability of rental housing, so the extension to the indemnificatory rental housing business is also relatively smooth. It is expected to obtain relevant financing facilities, improve performance under diversified development, and improve cash flow.
The agency further analyzed that the policy relaxation continued to increase, the upward trend of the industry beta remained unchanged, the steady concentration of Green Housing enterprises accelerated, and the advantages of the leading green housing enterprises in investment and financing appeared. At the same time, with the strengthening of pre-sale supervision and credit regulation at the present stage, the opportunities for improving the liquidity of private housing enterprises increased, the valuation cost performance became prominent, and the allocation could be moderately lowered to the elastic target of the waist. A shares recommended China Vanke Co.Ltd(000002) , Poly Developments And Holdings Group Co.Ltd(600048) China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) Gemdale Corporation(600383) Jinke Property Group Co.Ltd(000656) Seazen Holdings Co.Ltd(601155) ； H shares recommend Longhu group, China Resources Land, China overseas development, Xuhui holding group and rongchuang China.
