Today (March 21), A-Shares showed a strong pattern of shock throughout the day. The Shanghai and Shenzhen stock markets opened high across the board. At the beginning of the session, the stock index fell rapidly and gradually rose, and then maintained the trend of repeated shocks. In the afternoon, the stock index experienced a wave of diving. With the stabilization and recovery of heavyweights, the index turned from decline to rise, and the index closed out the contraction cross star.
In this regard, China International Capital Corporation Limited(601995) said that the market may be in the bottom grinding period in the near future, the trading volume may shrink, and the stage similar to the sharp decline in the early stage may have ended.
At the same time, Tianfeng Securities Co.Ltd(601162) mentioned that A-Shares may usher in a breathing window of a stage, and continue to recommend medicine (CXO, vaccine, traditional Chinese medicine, API, etc.), automobile chain (battery, lithium battery equipment, smart car, etc.), and stable investment direction (nuclear power, 5g + industrial Internet of things, pipe gallery, UHV, water conservancy, real estate leaders, etc.).
sector:
I. longevity medicine
Previously, the research report issued by Citic Securities Company Limited(600030) pointed out that the full name of NMN is β- Nicotinamide mononucleotide is the precursor of NAD + (coenzyme I) synthesis in human body. As NAD + is the coenzyme of hundreds of important metabolic enzymes in cells and participates in many important cellular processes as a signal molecule, it is closely related to energy metabolism, glycolysis, DNA replication and other activities. NMN can improve the level of NAD + in vivo and is considered to be a health product with anti-aging function. Compared with other products, NMN products enhance NAD + and have the advantages of non-toxic and side effects, high conversion efficiency and so on.
The agency further analyzed that, as one of the ultimate problems of mankind, prolonging life expectancy continued to increase market attention and scale under the background of global economic growth and increasing population aging. In 2019, the scale of the global anti-aging market was US $190 billion, with a year-on-year increase of 8.3%. The health care products industry in China has developed rapidly in recent years, with a compound growth rate of 9.5% in the past 10 years. According to the calculation, the NMN market space corresponding to 1% of China’s health care product population is 30.4 billion yuan. With the continuous promotion of anti-aging products in the future, the long-term market of the industry is expected to reach 100 billion yuan.
The agency also mentioned that NMN, as an anti-aging health product, is expected to have a potential market size of 100 billion in China in the future, and the current market is just starting. At present, the market is mainly dominated by three overseas manufacturers, the mainstream commodities are mainly imported, and domestic enterprises are generally catching up. At present, the companies that have taken the lead in arranging products in China are expected to share the market scale of 100 billion yuan. In the future, taking advantage of the advantages of domestic enterprises in personnel and efficiency, they are expected to obtain comprehensive competitive advantages in industry competition. It is suggested to pay attention to Xiamen Kingdomway Group Company(002626) and so on.
II. Agriculture, animal husbandry, feeding and fishery
In terms of the seed industry sector, Huaxi Securities Co.Ltd(002926) mentioned that the price of Shenzhen Agricultural Products Group Co.Ltd(000061) such as soybean meal and wheat has reached a 14 year high, and the problem of food security has become more prominent, which further stimulates the improvement of the landscape of the planting industry chain. The “new seed law” passed by China will be implemented from March 1, 2022, which is conducive to strengthening the protection of intellectual property rights in the seed industry and encouraging the innovation and breakthrough of breeding technology in the industry. The Department of agriculture and rural areas of Gansu Province recently issued a notice on the work plan for the supervision of agricultural genetically modified organisms in Gansu Province in 2022, which emphasizes preventing the proliferation of illegal genetically modified crops and promoting the healthy development of the research and application of agricultural genetically modified organisms. With the continuous improvement of industrial policies and the strict supervision of local governments, the application of biological breeding technology will be closer and closer. If the relevant systems of “Document No. 1” are issued smoothly, it will be of great significance for seed industry enterprises that have obtained genetically modified safety certificates in the early stage. Relevant listed companies include Beijing Dabeinong Technology Group Co.Ltd(002385) , Yuan Longping High-Tech Agriculture Co.Ltd(000998) , Shandong Denghai Seeds Co.Ltd(002041) .
In terms of pig breeding sector, the agency further analyzed that the supply of pigs in the market has continued to increase recently, the consumer side has not increased significantly, and it is in a phased oversupply situation. According to the monitoring of the Ministry of agriculture and rural areas, the number of pigs in January 2022 increased by 23.6% year-on-year, and the number of pigs in February increased by 8.2% year-on-year. The pig price is always determined by the relationship between supply and demand. Under the background of the substantial growth of marketing volume, even the frequent industrial macro-control policies have failed to resist the downward trend of pig price. Since 2022, feed prices have been rising, resulting in further increase in breeding costs and farmers falling into double-sided squeeze. In the short term, pig prices continue to fluctuate weakly, but the central government is about to start the third round of frozen pork collection and storage this year, and the downward space of pig prices is expected to be limited. The cold winter of the industry is conducive to accelerating the de industrialization of pig production capacity, and a new cycle is expected to come faster. It is suggested to continue to pay attention to the degree of de industrialization of industry production capacity before the inflection point of the cycle. Relevant listed companies include Muyuan Foods Co.Ltd(002714) , Guangdong Haid Group Co.Limited(002311) .
For the agricultural industry opportunities in 2022, China Galaxy Securities Co.Ltd(601881) Securities pointed out that it firmly recommended the pig cycle. The core view is that in the bottom stage of the pig cycle, the deep loss period is the best time to layout breeding stocks. From the perspective of expectation, there will be no worse expectation. The risk of breeding stocks has been released in large quantities, and the safety margin is very high. With the decline of the number of fertile sows and the decline of pig prices again, the production capacity continues to clear, which is good for the industry to meet the dawn. Based on our judgment of the second bottom of 22q2-3, 22q1 is expected to be the second best time point for the layout of breeding stocks.
Guosen Securities Co.Ltd(002736) said he was optimistic about the upward trend of grain price boom in 2022. On the one hand, it is good for the planting and seed sector. On the other hand, the rise of the cost of feed raw materials may accelerate the reversal of the pig price cycle, so it is optimistic about the investment opportunities of the pig sector. Specific targets: 1) planting sector: recommend Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) , and pay attention to Heilongjiang Agriculture Company Limited(600598) . 2) Relevant Shenzhen Agricultural Products Group Co.Ltd(000061) section: recommend Cofco Sugar Holding Co.Ltd(600737) and pay attention to China Hainan Rubber Industry Group Co.Ltd(601118) . 3) Seed sector: recommended Yuan Longping High-Tech Agriculture Co.Ltd(000998) , Beijing Dabeinong Technology Group Co.Ltd(002385) , Shandong Denghai Seeds Co.Ltd(002041) , etc. 4) Recommendations for pig breeding sector: Zhejiang Huatong Meat Products Co.Ltd(002840) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , Tecon Biology Co.Ltd(002100) , Dongrui Food Group Co.Ltd(001201) , COFCO Jiakang, Muyuan Foods Co.Ltd(002714) , Wens Foodstuff Group Co.Ltd(300498) , etc.
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