Index
On Wednesday, March 30, 2022, as of the closing, the Shanghai Composite Index rose 1.96% to 326660 points, the Shenzhen Component Index rose 3.10%, and the gem index rose 4.02%. The turnover between the two markets was 958.4 billion, and the north capital bought a net of 12.7 billion yuan today.
Comments
Today, catalyzed by the positive signals released by the Russian Ukrainian negotiations, the turnover of the two cities increased, and the three major indexes rebounded. Real estate led the rise today, with nearly 30 companies raising the limit, while driving the strengthening of industrial chains such as cement, engineering machinery, glass fiber and decoration building materials. The current round of real estate rise stems from the easing of the policy section. Under the background of implementing policies due to the city, the real estate policies in many places across the country have changed to easing, including Nanjing, Zhengzhou, Fuzhou, Harbin and other provincial capital cities. Loose policy does not mean that real estate can soar again. First, the debt default risk of the real estate industry has not been fully released. The purpose of this round of real estate policy easing is to achieve a soft landing of real estate and support the economy. In addition, consumers’ concept of house purchase is more rational. The development of the real estate industry depends on policies in the short term and population indicators in the long term. Policies have a great impact on the supply side and population indicators have a great impact on the demand side. Although 2022 is a loose year for real estate, we still need to look at the performance expectations of real estate enterprises in stock market investment. At present, real estate stocks are generally rising. We believe that there may be differentiation in the later stage. It is suggested to focus on state-owned real estate enterprises and high-quality private real estate enterprises with abundant liquidity and real estate development in first tier cities.
Industry dynamics
1. The guidance on promoting the high-quality development of energy in Tibet issued by the national energy administration puts forward that efforts should be made to accelerate the construction of national clean energy base, improve the ability of energy security, strengthen the construction of local supporting power supply, improve the supply capacity of clean energy, strengthen the construction of energy infrastructure, improve the general service level of electric power, and promote the transformation and upgrading of energy consumption, Build a national demonstration area for renewable energy utilization, accelerate the construction of a clean, low-carbon, safe and efficient energy system, and provide a strong and reliable energy guarantee for promoting high-quality economic development and long-term social stability in Tibet. (National Energy Administration website)
2, one belt, one road from the national development and Reform Commission, issued the “opinions on promoting green development along the belt”. It proposed that enterprises such as Cecep Solar Energy Co.Ltd(000591) power generation and wind power should be encouraged to “go out” and encourage enterprises to invest in new energy industries and new energy vehicle manufacturing. We will comprehensively stop the construction of overseas coal power projects and steadily and prudently promote overseas coal power projects under construction. Orderly promote the two-way opening of green financial markets, and encourage financial institutions and related enterprises to carry out green financing in the international market. (National Development and Reform Commission website)
Company dynamics
Zhongmin Energy Co.Ltd(600163) ( Zhongmin Energy Co.Ltd(600163) ): the company expects the net profit attributable to the shareholders of the listed company from January to March 2022 to be 262 million to 314 million, with a year-on-year change of 51.00% to 81.00%. （iFinD）
Risk warning: the implementation of the policy is less than expected; The price rise of raw materials exceeded expectations; The epidemic situation repeatedly exceeded expectations.
