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textile and garment sector broke out Shanghai Sanmao Enterprise (Group) Co.Ltd(600689) , Sichuan Langsha Holding Ltd(600137) and other stocks rose by the limit
The 25 day session of the 25 day session of the 25 day session of the 25 day session of the 25 day session of the textile and clothing sector sector of the textile and garment sector sector of the 25 day session of the 25 day session of the 25 day session of the 25 day session of the 25 day session of the 25 day session of the textile and garment sector of the textile and clothing sector of the textile and clothing sector of the textile and clothing sector sector of the textile and clothing sector of the 25 day of the 25 day session of the 25 day of the 25 day of the 25 day of the 25 day of the day of the 25 day of the 25 day of the sector of the textile and clothing sector of the textile and clothing sector of the textile and clothing sector, as of the press release, Xiamen King Long Motor Group Co.Ltd(600686) 0068689of the Shanghai Sanmao Enterprise (Group) Co.Ltd(600689) , Huafang Co.Ltd(600448) , Fujian Fynex Textile Science & Technology Co.Ltd(600493) , etc.
Huaxi Securities Co.Ltd(002926) said that the textile sector is under pressure due to the price rise in the fourth quarter of 2021, and the transmission cycle of the downstream garment manufacturing price is about 1-2 quarters. It is estimated that the second and third quarters are expected to meet the inflection point, and the upstream yarn subdivision track is preferred. At the current time point, we mainly recommend the undervalued targets with high certainty in the performance of the first quarterly report:
(1) optimistic about the sustainability of the performance in the first half of the year, and the performance is expected to continue to exceed the expected target, recommend Bros Eastern Co.Ltd(601339) : in the medium and short term, on the one hand, 200000 ingots are expected to be put into production in 2022 and 2023 respectively; On the other hand, the company’s low-cost cotton inventory in Vietnam is expected to last until the first half of 22 years. In the long run, more emphasis is placed on the company’s non cyclical growth logic, that is, the improvement of bargaining power brought by the increase of the company’s share. In addition, focus on the company’s growth with the expansion of Shenzhou, the largest customer.
(2) recommend Jinhong Fashion Group Co.Ltd(603518) : in the short term, 1) revenue side: the main business is expected to maintain double-digit growth in 2022; 2) Expense side: the financial expense ratio is expected to improve significantly in 22 years, driving profit growth higher than revenue growth. In the medium and long term, 1) it is estimated that the target market scale of vgrass is 2.5-3.4 billion yuan and that of TW is 5-6 billion yuan; 2) Expense side: on the one hand, there is room for further improvement in financial expenses. On the other hand, with the improvement of store efficiency and the optimization of cost structure, there is room for 3-5pct improvement in sales expense rate.
(3) target with high-end track positioning and extension expansion space, recommend Baoxiniao Holding Co.Ltd(002154) : 1) the main brand increases the efforts to open stores in the central region by creating sports suits and broadening application scenarios, maintaining a growth rate of more than 15% higher than that of the industry; 2) Hazys: on the basis of high efficiency, the brand still has extension shop space; In addition, the brand still has the logic of expanding categories such as shoes, bags and golf series, which is expected to maintain an increase of more than 25% in the future; 3) BAONIAO is expected to maintain an increase of more than 10%, and usher in the improvement of net interest rate with the production of Hefei factory; 4) Small brands zhonglefeiye and kemiche are expected to maintain an increase of more than 35% and gradually contribute to profits.
agricultural sector has a strong trend seed industry and planting stocks have performed well grain production is supported by policies
The agricultural sector had a strong intraday trend on the 25th, with seed industry, pork and aquatic stocks performing actively. As of press time, in terms of seed stocks, Zhongnongfa Seed Industry Group Co.Ltd(600313) rose by the limit, Hainan Shennong Technology Co.Ltd(300189) , Gansu Dunhuang Seed Group Co.Ltd(600354) , Beijing Dabeinong Technology Group Co.Ltd(002385) , Hefei Fengle Seed Co.Ltd(000713) , etc; In terms of planting stocks, Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) , Heilongjiang Agriculture Company Limited(600598) , Gansu Yasheng Industrial (Group) Co.Ltd(600108) and other outstanding performances; In terms of pork stocks, Jiangxi Zhengbang Technology Co.Ltd(002157) rose by the limit, Tianyu Eco-Environment Co.Ltd(603717) , Hunan New Wellful Co.Ltd(600975) , Tech-Bank Food Co.Ltd(002124) rose ahead; In terms of aquatic stocks, Zhanjiang Guolian Aquatic Products Co.Ltd(300094) , Dahu Aquaculture Co.Ltd(600257) and others also rose significantly.
Since 2021, the Shenzhen Agricultural Products Group Co.Ltd(000061) prices of corn, soybean, wheat and rice have risen, and the prices have all exceeded the highs in recent 10 years. It is reported that global food prices have entered a rising channel since 2020, initially due to the impact of covid-19 epidemic on agricultural production; La Nina appeared again in 2021, and the unit yield was affected; At present, the conflict between Russia and Ukraine has undoubtedly further exacerbated the tense situation of global Shenzhen Agricultural Products Group Co.Ltd(000061) supply. Because Ukraine and Russia are one of the world’s major agricultural producers, especially in the field of grain trade.
Tianfeng Securities Co.Ltd(601162) pointed out that China still needs to import some grains, such as soybeans, corn and wheat, which are highly dependent on foreign countries and greatly affected by international trade. Ukraine, the United States, Brazil, Argentina and other countries are important suppliers of China’s grain imports. Geographical conflict, inflation, climate change and other factors affect the tradable amount of grain: (1) under the influence of the Russian Ukrainian war, the output of main crops in Ukraine is expected to decline by 20-30%, and the exportable amount of grain in Russia and Ukraine is expected to decline significantly. (2) US inflation expectations, rising costs and other factors triggered farmers’ reluctance to sell, and US corn and soybean futures prices continued to rise. (3) Drought affected soybean production in Brazil, Argentina and other countries; The drought in the United States is expected to increase; In addition, last year’s autumn flood in China caused late sowing of wheat, which posed a challenge to China’s summer grain production.
However, Guosen Securities Co.Ltd(002736) pointed out that from a global perspective, the United States, Brazil and other agricultural powers are rich in agricultural resources and are major Shenzhen Agricultural Products Group Co.Ltd(000061) exporters; However, Mexico and other small Asian, African and Latin American countries have no food security, mainly due to the high cost of Shenzhen Agricultural Products Group Co.Ltd(000061) and poor farmers’ income. Referring to the experience of Japan, the increase of Shenzhen Agricultural Products Group Co.Ltd(000061) output mainly depends on government subsidies. From the perspective of China, China’s grain basically maintains its own production and demand, and only soybeans and other categories are highly dependent on foreign countries; Especially from the perspective of staple food, China’s food is absolutely safe.
This round of global food price rise is mainly driven by tight supply and excessive currency. Major agricultural production areas such as the United States and Brazil have been impacted by the dry weather, and the consumption ratio of major Shenzhen Agricultural Products Group Co.Ltd(000061) stocks such as corn and soybeans has continued to decline. In addition, the recovery of feed demand and the excess currency caused by the epidemic also contributed to the rise of global food prices. In addition, the conflict between Russia and Ukraine increased the expectation of tight circulation of Shenzhen Agricultural Products Group Co.Ltd(000061) such as wheat and corn, and the mood continued to drive Shenzhen Agricultural Products Group Co.Ltd(000061) prices higher. Looking forward to the future, La Nina may be repeated. The covid-19 and geopolitical situation are not clear, the tension between supply and demand is difficult to ease, and the global food price boom is expected to continue.
pumped storage policy “gift package” Guangdong No.2 Hydropower Engineering Company Ltd(002060) harvest 5 . connecting sector
In the morning trading on March 25, Guangdong No.2 Hydropower Engineering Company Ltd(002060) rose again. As of press time, the average daily limit for the five trading days of this week has increased by 61.16%. According to public information, Guangdong No.2 Hydropower Engineering Company Ltd(002060) main business is water conservancy and hydropower project construction business, followed by municipal public works, highway engineering, electromechanical installation engineering, foundation and foundation engineering, housing construction engineering and other engineering construction business.
According to the news, on March 22, the national development and Reform Commission and the Energy Administration issued the “14th five year plan” for modern energy system (hereinafter referred to as the “plan”). The plan points out that it is necessary to accelerate the construction of pumped storage power stations, implement a new round of national medium and long-term development plan for pumped storage, and promote the construction of large-scale pumped storage power stations that have been included in the plan and are mature. In 2025, the installed capacity of pumped storage will reach more than 62gw and the installed capacity under construction will reach about 60GW, which is expected to double the current 32gw installed capacity.
Anxin Securities pointed out that with the change of energy structure, power supply security has been put on the agenda, and energy storage has become the main means to solve power security. As the most important way of energy storage, pumped storage has been strongly supported by national policies. In the future, pumped storage will enter a stage of rapid growth and encourage social capital to enter. Water conservancy and hydropower engineering enterprises have the construction and operation of pumped storage projects, and most of them have hydropower operation assets. It is more likely to layout pumped storage power stations, which is expected to fully benefit the development of pumped storage in the future.
digital currency concept rises strongly Shenzhen Emperor Technology Company Limited(300546) and other higher central bank emphasizes orderly expansion of pilot scope
The concept of digital currency rose strongly in the intraday session on the 25th. As of press time, Shenzhen Emperor Technology Company Limited(300546) , Chase Science Co.Ltd(300941) , Hengbao Co.Ltd(002104) , Hyunion Holding Co.Ltd(002537) , Beijing Cuiwei Tower Co.Ltd(603123) , Grg Banking Equipment Co.Ltd(002152) , Guangzhou Kingteller Technology Co.Ltd(002177) , Synthesis Electronic Technology Co.Ltd(300479) .
On the news, on March 24, the people’s Bank of China held a 2022 Video Conference on currency, gold and silver and security. The meeting held that in 2021, the people’s Bank of China’s cash security system conscientiously implemented the decision-making and deployment of the CPC Central Committee and the State Council, successfully completed the task of cash supply, steadily promoted the pilot research and development of digital RMB, carried out in-depth rectification and rejection of cash, and continued to strengthen the anti fake currency work.
The meeting required that in 2022, the people’s Bank of China’s cash security system should, in accordance with the overall requirements of basing itself on the new development stage, implementing the new development concept and building a new development pattern, adhere to the principle of stability, seek progress while maintaining stability, strengthen the foundation, consolidate the foundation, maintain integrity and innovation, unswervingly deepen the transformation of cash security business, and strive to improve the level of cash service and management. We should make every effort to ensure the cash supply, consolidate and form a long-term mechanism for rectifying and rejecting cash, continue to improve the cleanliness of RMB in circulation, and further strengthen the defense line against counterfeit currency. Solidly promote the pilot research and development of digital RMB, orderly expand the scope of the pilot, continuously improve the design and use, and gradually establish and improve the management system framework.
Ping An Securities pointed out that at present, the digital RMB is piloted in the “10 + 1” region or scenario, and the governments of 10 pilot regions actively promote the application of digital RMB at the C-end and b-end through preferential incentives; The Beijing Winter Olympics provides a unique application scenario for international friends in China and actively promotes the cross-border application of digital RMB. By the end of 2021, 261 million personal digital RMB wallets had been opened, with a transaction amount of 87.6 billion yuan, an increase of 11.5 times and 154% respectively compared with the end of June 2021, but there is still great room for improvement compared with the transaction amount of one million billion yuan per quarter of mobile payment. At the beginning of 2022, the digital RMB (pilot version) app was officially launched in major mobile app stores, and the popularity of digital RMB may continue to improve.
Digital RMB adopts a two-tier operation mode. Under the premise of central bank centralized management, commercial banks and relevant institutions jointly promote the pilot application. Jingdong, meituan and other companies are leading the Internet industry in the application of digital RMB, mainly due to strong promotion willingness, rich consumption scenarios and large preferential incentives. By the end of 2021, more than 1 million users had used digital RMB in jd.com, with a cumulative consumption of more than 200 million yuan. In terms of consumption scenarios, jd.com and meituan have rich e-commerce and local life application scenarios. In terms of preferential incentives, in addition to the traditional discount coupons, JD became the first company to use digital RMB to pay salaries, and meituan launched digital RMB low-carbon cycling activities. Compared with Jingdong and the US group, WeChat and Alipay were relatively slow to participate in the trial. They did not use a large number of incentives to encourage consumers to use digital Renminbi.
The agency believes that the digital RMB investment opportunity should be grasped from two aspects: hardware equipment and software system. At present, the digital RMB is in the initial stage of development, and opportunities and challenges are growing. Hardware manufacturers may benefit from the market opportunities brought by the digital RMB “Hard Wallet”. A major feature of digital RMB is that it supports payment by hardware such as mobile NFC, bracelet and wearable devices. Developers will have more opportunities to improve the performance of hardware related orders with the promotion of “Hard Wallet”. Software manufacturers may benefit from the business growth brought by the upgrading of the financial system. With the popularity of digital RMB, relevant financial institutions need to upgrade the matching of relevant software systems, or will bring huge demand for system upgrading for relevant software manufacturers.
Huaxi Securities Co.Ltd(002926) said that in combination with the current scenario expansion process of the central bank, we should focus on the head bank IT manufacturers at this stage, which combines the certainty of bank side it transformation and the imagination space of scenario operation. Shenzhen Sunline Tech Co.Ltd(300348) , Digital China Information Service Company Ltd(000555) , and other beneficiary manufacturers include Tansun Technology Co.Ltd(300872) , Northking Information Technology Co.Ltd(002987) , Global Infotech Co.Ltd(300465) . In addition, financial equipment manufacturers will also usher in large-scale transformation opportunities, and Urovo Technology Co.Ltd(300531) , Newland Digital Technology Co.Ltd(000997) , Xgd Inc(300130) , Lakala Payment Co.Ltd(300773) , Grg Banking Equipment Co.Ltd(002152) , are expected to benefit.
digital economy industry is developing at the right time 9 companies overweight layout
The digital economy industry is booming, and the revenue of telecommunications business is accelerating. A number of listed companies have laid out the digital economy and the national strategy of “counting East and counting West”.
Statistics show that, in addition to the three major operators, there are 6 shares, including Net263 Ltd(002467) , Nova Technology Corporation Limited(300921) , Dr.Peng Telecom&Media Group Co.Ltd(600804) and so on, that are laying out the concept of digital economy or computing from the east to the West. In terms of market performance, these nine stocks have declined slightly since March, and four stocks including Leon Technology Co.Ltd(300603) , Zjbc Information Technology Co.Ltd(000889) , Dr.Peng Telecom&Media Group Co.Ltd(600804) have increased by more than 10%.
Among them, Leon Technology Co.Ltd(300603) month increased by more than 12%. In response to the national call, based on Sichuan, the company introduces IDC (Internet Data Center) cabinet, and plans to build a technologically leading and nationwide artificial intelligence demonstration base, aiming at promoting the development of local digital economy and improving the overall computing power level of data center.
China United Network Communications Limited(600050) is accelerating the construction and expansion of four new data centers with high computing power, high security, green and low-carbon in Beijing Tianjin Hebei, Yangtze River Delta, Guangdong Hong Kong Macao Dawan district and Chengdu Chongqing China Telecom Corporation Limited(601728) focusing on the five elements of “digital network”, “digital button”, “digital chain”, “digital brain” and “digital shield”, accelerate the construction of data center layout, computing power scheduling system, data circulation, data application and security capacity.
price rise theme fully blossomed more than 20 shares obtained funds from northbound rush to raise
Not only in March, this year’s price rise theme can be described as the “most beautiful baby” in the market. The coal sector in the primary industry rose by more than 18%, taking the lead. Shenwan secondary industry has highlighted the full flowering of price rise themes, including coal mining, precious metals, fisheries, aquaculture, industrial metals and other related themes, which have risen against the market.
Haitong Securities Company Limited(600837) believes that the next main line in China, that is, the rise in the price of industrial products, may be more noteworthy, which will resonate with overseas inflation. As the construction enters the peak season, the production capacity is still expected to continue to recover, coupled with the continuous adjustment of infrastructure and real estate policies, the transformation from expected transactions with strong demand to actual transactions, or continue to drive the price of industrial products. At the time point, Haitong Securities Company Limited(600837) expects infrastructure investment to continue to pick up in the second quarter, and then improve real estate investment in the second half of the year, which may continue to drive up the demand for industrial products.
Combing the relevant price rise themes, it is found that more than 20 stocks have increased their positions by more than 100 million yuan since March. According to the calculation of the average transaction price since March, Beishang capital increased its positions by Zijin Mining Group Company Limited(601899) 129 million shares, with the reference amount of increased holdings exceeding 1.4 billion yuan ranking first. In addition, Petrochina Company Limited(601857) , Henan Shenhuo Coal&Power Co.Ltd(000933) , Ganfeng Lithium Co.Ltd(002460) 3 shares increased their positions by more than 500 million yuan. Among the more than 50 million yuan of shares held by Beishang capital, the latest rolling P / E ratios of Inner Mongolia Eerduosi Resources Co.Ltd(600295) , Baoshan Iron & Steel Co.Ltd(600019) , Shaanxi Coal Industry Company Limited(601225) , Henan Shenhuo Coal&Power Co.Ltd(000933) , etc. are lower than 10 times.
