this morning, A-Shares failed to continue yesterday’s strength, and the overall low opening shock. The Shanghai stock index was relatively strong. It was once popular in the session, while the gem index and Kechuang 50 index both fell by more than 1%. On the disk, the real estate sector is still strong, and the sectors such as traditional Chinese medicine, warehousing and logistics, water affairs and medical beauty are also active, while the sectors such as gallium nitride, lithium battery, aviation and new energy vehicles are deeply callback. The net inflow of funds going north was 682 million yuan
The technology sector of Hong Kong stocks fell again in early trading today. After the opening of the Hang Seng technology index, it fell sharply, falling by more than 2% at most. Ideal automobile, baidu group, Alibaba and meituan fell one after another. In terms of news, on Wednesday local time, the securities and Exchange Commission of the United States added Baidu, futu holdings, iqiyi, Kaixin Yuanda medicine and Nocera engaged in fishery breeding to the “pre delisting list”, which is also the third batch of zhonggai shares included in the list since March.
In this regard, the head of the International Department of the CSRC said that China and the American public company accounting supervision board (PCAOB) have held several rounds of frank, professional and efficient talks, which are progressing smoothly on the whole, and the communication between the two sides will continue. Both sides are willing to resolve differences and problems. The final outcome depends on the wisdom and original intention of both sides.
As for some enterprises listed in the delisting risk list by the SEC, the CSRC said that it was learned from the US SEC that this was a normal procedure for the US regulatory authorities to implement the foreign company Accountability Act. Whether the listed companies really delisted in the next two years was ultimately determined by the progress and results of China US audit and supervision cooperation.
Futu holdings also urgently issued a statement saying that it has been paying attention to the relevant requirements of the US foreign company Accountability Act (hfcaa) and assessing its potential impact on the company, and actively exploring the scheme to maintain the company’s listing status. Entering the temporary list does not mean that the company’s ADSS will be forcibly delisted and delisted in the near future.
traditional Chinese medicine development into the fast lane
Chinese medicine stocks bucked the trend in early trading, and the Chinese medicine index rose sharply after the opening, with a maximum rise of nearly 4%. The half day transaction was close to the whole day transaction yesterday, and the cumulative rise since the low point in March was more than 20% Guizhou Bailing Group Pharmaceutical Co.Ltd(002424) 5 Lianban, the share price hit a new high in more than one and a half years, Guangdong Taiantang Pharmaceutical Co.Ltd(002433) , Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) , Guizhou Xinbang Pharmaceutical Co.Ltd(002390) , Jilin Aodong Pharmaceutical Group Co.Ltd(000623) , etc. also rose strongly
Recently, the general office of the State Council issued the “14th five year plan” for the development of traditional Chinese medicine, which comprehensively deployed the work of traditional Chinese medicine during the 14th Five Year Plan period. The plan proposes that by 2025, the health service capacity of traditional Chinese medicine will be significantly enhanced, the high-quality development policy and system of traditional Chinese medicine will be further improved, the revitalization and development of traditional Chinese medicine will achieve positive results, and its unique advantages in the construction of a healthy China will be brought into full play. The plan puts forward the specific development goals of traditional Chinese medicine service system, characteristic talent team, inheritance and innovation, industry and health service industry, culture, open development and governance level, as well as 15 main development indicators.
Since the epidemic, traditional Chinese medicine has played an extremely important role in the fight against the epidemic, and the innovation of traditional Chinese medicine has ushered in an outbreak. According to relevant statistics, in 2021, there were more than 1200 TCM acceptance numbers of the drug administration, three times that of 2020 (more than 400); In addition, the approval of Chinese traditional medicine innovative drugs was accelerated. In 2021, 12 kinds of innovative Chinese patent medicines were approved. Before that, from 2017 to 2020, the number of new traditional Chinese medicine approved each year was only 1, 2, 2 and 3 respectively. Last year became the year with the largest number of new traditional Chinese medicine approved in recent five years.
traditional Chinese medicine stocks also achieved high performance. As of today, a total of 18 listed companies of traditional Chinese medicine have released their annual reports and express reports for 2021. Except Shandong Wohua Pharmaceutical Co.Ltd(002107) slight decline, the revenue of the remaining 17 companies achieved positive growth last year, and the net profit of 13 of the 18 companies was positive growth Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited(600332) , Yunnan Baiyao Group Co.Ltd(000538) , China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , Beijing Tongrentang Co.Ltd(600085) four companies have achieved revenue of more than 10 billion yuan and net profit of more than 1 billion yuan, of which China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) today’s share price hit another record high, up nearly 30% since March
Capital Securities believes that the leading companies in the traditional Chinese medicine sector have obvious cost performance and high allocation value. In the covid-19 epidemic, traditional Chinese medicine has played an important role. In recent years, with the continuous improvement of the high-level attention to the cause of traditional Chinese medicine, various policies supporting the development of traditional Chinese medicine have been issued one after another, involving drug evaluation, clinical use, medical insurance payment, medical service system construction and many other aspects. The policy environment of the traditional Chinese medicine industry has improved significantly, and the industry is expected to usher in an inflection point.
real estate enterprises’ performance exceeded expectations and funds actively intervened
real estate industry as a whole is still strong. This morning, the property management sector bucked the trend and opened higher again. The sector index rose by more than 4%, reaching a new high in recent one year. The limit of Shenzhen Sdg Service Co.Ltd(300917) etc. may rise by more than 10% real estate also rose by more than 3% in the session, a new high in more than a year, Cccg Real Estate Corporation Limited(000736) one word limit, rising for 13 consecutive days, including 6 days limit Tianjin Hi-Tech Development Co.Ltd(600082) is also a word board, rising the limit for the sixth consecutive day Cinda Real Estate Co.Ltd(600657) also raised the limit word by word, 6 boards on the 8th; In addition, more than 10 shares including Tianjin Realty Development (Group) Co.Ltd(600322) , Yang Guang Co.Ltd(000608) etc. rose by the limit. Rental and purchase rights, prefabricated buildings, building materials and other related sectors have strengthened against the trend.
Recently, the real estate industry has fallen into the honey pot, one after another. In order to prevent and resolve the risks in the real estate market, the inter-bank market supports central enterprises, local state-owned enterprises and other real estate enterprises with stable operation and good implementation of real estate regulation policies to register and issue M & A bills. The channels for real estate enterprises to issue bonds in the inter-bank market remain stable and unblocked. Yesterday, the registration notice information released by Bank Of China Limited(601988) inter market dealers association showed that the dealers association accepted the registration of medium-term notes of real estate enterprises such as country garden, Xuhui, Longhu and Yuexiu, with a total registered amount of 25 billion yuan.
In addition, recently, heavyweight real estate enterprises have also successively announced the performance of 2021. From the annual report data, the overall operation of real estate enterprises is still relatively healthy, which is not as bad as expected by the market. Vanke released its annual report today. Its operating revenue increased by 8%, and launched a repurchase plan and a dividend distribution plan with the highest proportion in history. In the next three months, it will choose the opportunity to carry out a repurchase of 2-2.5 billion yuan, and the dividend proportion is planned to jump from 35% in 2020 to 50%. In total, it plans to distribute a dividend of 11.28 billion yuan, which is the only company in A-Shares that has paid cash dividends for 30 consecutive years. In addition, the operating revenue of country garden in 2021 also increased by 13% year-on-year to 523.06 billion yuan.
Data from the real estate sector showed a net capital inflow of more than 1.3 billion yuan. Yesterday’s Dragon and tiger list also showed that the purchase amount of Yango Group Co.Ltd(000671) , Tianjin Tianbao Infrastructure Co.Ltd(000965) , Guangdong Shirong Zhaoye Co.Ltd(002016) and other real estate related companies was also much greater than the sale amount.
Citic Securities Company Limited(600030) believes that the real estate policy follows the counter cyclical law. When the market goes down to a certain extent, the policy may turn more positive. At present, the bottom of the real estate market and the adjustment of the land market, especially the land transfer fee income in low-level cities, do not rule out the possibility of significant decline. In this context, we believe that the three stability policy will be more active due to the implementation of policies in the city. We will usher in a policy window period. Historical experience shows that the operation of real estate stocks is mainly related to policy expectations rather than fundamentals. We are optimistic about investment opportunities in real estate stocks and recommend Poly Developments And Holdings Group Co.Ltd(600048) , Gemdale Corporation(600383) , Greentown China, Midea real estate, China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Vanke enterprise, China Resources Land and Longhu group.
