Market trend:
The three major indexes continued to rebound today, led by the gem index. On the disk, the real estate sector strengthened again in the afternoon, and the sector lifted the limit tide and Yango Group Co.Ltd(000671) 5 connected the board. Hydrogen energy sector was strong throughout the day, and Hengguang shares rose by the limit. Some high-end stocks fell sharply in the afternoon, and Hefu China, North Chemical Industries Co.Ltd(002246) , Yunnan Energy Investment Co.Ltd(002053) , Zhonglu.Co.Ltd(600818) Sundy Land Investment Co.Ltd(600077) limit. On the whole, the number of individual stocks rising and falling is basically the same. The turnover of Shanghai and Shenzhen markets today was 942.5 billion, a decrease of 20.3 billion compared with the previous trading day. There has been a certain degree of differentiation between the stocks in the two cities. The real estate stocks represented by Yango Group Co.Ltd(000671) have gone out of the strong and strong; Some high-level stocks have loose chips. When the market is better today, the new and old infrastructure sectors are rising at the same time, and the recent increase in capital risk appetite really confirms the saying: confidence is more important than gold.
In terms of sectors, we will focus on tracking three sectors today:
First, the hydrogen energy sector. The sector was active all day today. On the news, the national development and Reform Commission issued the medium and long term plan for the development of hydrogen energy industry (20212035), which proposed to explore the establishment of hydrogen production bases in areas with large-scale hydrogen energy application, so as to boost the market space of the industry. In addition, as the industry develops to the stage of industrialization to large-scale transformation, the cost of each link of the industrial chain decreases and the scale expands. In the long run, hydrogen energy is expected to account for 10% of the energy structure in 2050. The industry has entered a period of rapid growth. Moreover, the hydrogenation station is an important infrastructure. From 2020 to 2025, the compound growth rate will be 53%. Equipment localization is the most important means of cost reduction, and core equipment manufacturers are expected to benefit. The investment opportunities in this sector belong to long-term opportunities and should not be pursued in the short term; Second, the communication industry; The communication industry is a relatively mature industry. In 2021, the valuation of the communication industry decreased; There is a valuation repair expectation in 2022; In addition, Chinese operators have increased investment in transmission networks and infrastructure. China Telecom Corporation Limited(601728) it is estimated that the investment in industrial digitization in 22 years will increase by more than 60% year-on-year. The field of industrial Internet will benefit significantly and can be concerned for a long time. Third, the real estate sector. It has been commented for three consecutive days. Today, it is still the most beautiful baby in the market. Many real estate stocks rose by the limit in the afternoon. Many stocks in this sector have rebounded by 20% – 30% recently. It is not recommended to chase up at this stage.
Outlook:
Today’s index trend is stronger than expected, and it is a good phenomenon for new and old infrastructure to develop at the same time; On the one hand, it represents the improvement of market risk appetite, and it is valuation repair for the real estate sector; For the new infrastructure sector, it is a technological breakthrough. If the real estate can be stabilized, the economy can be stabilized, and there is no possibility of systemic financial risk in the market, which is conducive to stabilizing the morale of the army; On the other hand, the spillover effect of neck technology is becoming more and more obvious, which can enhance the comprehensive national strength and promote industrial upgrading. In the future, these two directions can be configured in a balanced way. From the perspective of the repair degree of valuation, individual stocks represented by communication are expected to have more room for rebound.
