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get policy help! Tourism, hotel and catering sectors broke out Jinling Hotel Corporation Ltd(601007) and other daily limits
The tourism, hotel and catering sectors had a strong intraday trend on April 1. As of the press release, in the tourism sector, Jiangsu Tianmu Lake Tourism Co.Ltd(603136) limit, China Tourism Group Duty Free Corporation Limited(601888) , Caesar tourism, Xi’An Qujiang Cultural Tourism Co.Ltd(600706) increase was ahead; In terms of hotel catering sector, Jinling Hotel Corporation Ltd(601007) , Guangzhou Lingnan Group Holdings Company Limited(000524) , Xi’An Catering Co.Ltd(000721) and other price limits, Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) , Btg Hotels (Group) Co.Ltd(600258) and other outstanding performances.
In terms of news, the Ministry of culture and tourism issued a notice on the implementation of the relief and support policies to promote the recovery and development of tourism on March 31, which made it clear to do a good job in the landing service of the inclusive tax reduction and fee reduction policy in the field of tourism. Actively cooperate with finance, human resources, social security, taxation and other departments to do a good job in the calculation and deduction of value-added tax in the service industry, expand the scope of application of “six taxes and two fees”, reduce real estate tax and urban land use tax, pre tax deduction of equipment and appliances of small, medium-sized and micro enterprises, periodically reduce the rates of unemployment insurance and work-related injury insurance, stabilize the return of unemployment insurance The implementation of inclusive policies such as rent reduction and exemption for small and micro enterprises in the service industry and individual industrial and commercial households in the field of tourism.
AVIC Securities pointed out that the offline travel industry hit hard by the epidemic has received great attention, and a number of favorable policies have fundamentally helped enterprises solve difficulties. The supply side is structurally cleared, and the demand side is suppressed by the scattered points of the epidemic in the short term. Approaching the peak tourist season of Qingming and may day, with the stability of epidemic prevention and control, the pace of industry recovery is expected to accelerate, which is good for the leading enterprises of the subdivided track.
Tourism sector: the recovery of China’s tourism industry will focus on short-distance, customized and leisure tourism, and look forward to high-quality scenic spots and enterprises with perfect tourism industry chain;
Hotel sector: the epidemic disturbs short-term performance, leading hotels expand against the trend, continue to open stores in large quantities, constantly consolidate their internal strength, and highlight the head effect. Once the travel demand is released, it will directly benefit from the recovery of the industry, the cycle reversal is in sight, and the performance elasticity is expected;
Catering sector: the epidemic has brought structural subversion to the traditional catering industry, and is optimistic about catering enterprises with innovative business forms and excellent single store model that meet the changing needs of the current audience;
Tax free sector: affected by the epidemic in the short term, Hainan is optimistic about its potential as an international tourism consumption city in the medium and long term, which is also conducive to promoting China to form a new development pattern with China’s big cycle as the main body and China’s international double cycle promoting each other.
8 the version number of months is suspended! Acceleration of Chinese mobile travel to sea focus on long-term opportunities in this field
On the morning of April 1, the mobile game sector rose sharply in the session. As of press time, Fuchun Technology Co.Ltd(300299) , Chengdu B-Ray Media Co.Ltd(600880) , Dinglong Culture Co.Ltd(002502) and other four stocks rose by the limit, G-Bits Network Technology(Xiamen)Co.Ltd(603444) , Hangzhou Lianluo Interactive Information Technology Co.Ltd(002280) , Rastar Group(300043) and other stocks led the rise.
The game industry has not released a new version number for eight months, but relying on the long-term operation of old games and the version number inventory, Tencent and Netease still maintained growth in 2021 and maintained industry leadership.
Among them, Tencent released a performance announcement, which showed that the annual net profit in 2021 was 224.82 billion yuan, compared with 159847 billion yuan in the same period last year, a year-on-year increase of 41%; The revenue was 560118 billion yuan, 482064 billion yuan in the same period last year, a year-on-year increase of 16%; The game revenue in the local market increased by 6% to 128.8 billion yuan, and the game business revenue including overseas game business increased by 11.7% to 174.3 billion yuan year-on-year.
It is worth noting that Tencent’s financial technology and enterprise services sector performed the most soundly in the fourth quarter of 2021, with a revenue of 47.958 billion yuan, a year-on-year increase of 25%, and the proportion of total revenue increased to 33%, surpassing the game sector for the first time.
According to the report of Gamma data, the actual sales revenue of China’s independently developed games in the overseas market reached US $18.013 billion (about 114.7 billion yuan) in 2021, which is close to half of the Chinese market share. According to Gamma data, the increment of overseas market has exceeded that of Chinese market, indicating that the focus of income growth of Chinese game industry has shifted outward.
Capital Securities said that at a time when the recovery of the edition number is not yet clear, Guoyou is facing fierce competition, and the expansion of diversified categories and the development of emerging markets will be the mainstream trend of the industry. Optimistic about A-share game leaders, inject performance vitality through category innovation and sea development. Stimulated by the prospect of meta universe, the global game industry will enter the peak of technology and format innovation. The requirements of the next era games for creative planning, engine technology, cross platform operation, social experience and distribution marketing have made a qualitative leap.
Huatai Securities Co.Ltd(601688) said that China’s mobile travel to the sea has accelerated, and it is suggested to continue to pay attention to the long-term investment opportunities of yuancosmic sector. As the next stop of the Internet, yuancosmos has a broad market space and a correction in the short-term sector. It is suggested to pay attention to the segments with rapid landing such as NFT and virtual human, as well as the long-term investment opportunities of yuancosmos related industrial chains.
tax exemption concept rises Hainan Haiqi Transportation Group Co.Ltd(603069) and other stocks rise in limit China Tourism Group Duty Free Corporation Limited(601888) and others rise
The concept of tax exemption and the concept of the concept of tax exemption on April 1. April 1. April 1 is the first day of April. On April 1, April 1, the day of April, the day of April 1, the day of April. The day of April 1, the day of April 1, the day of April 1, the day of April. The day of April April 1, the day of April 1, the day of April 1, the day of April 1, the day of April 1, the day of April 1, the day of April 1, the day of April 1, the day of April 1, the day of April 1. As of the release, the Poten Environment Group Co.Ltd(603603) China Building Material Test & Certification Group Co.Ltd(603060) 60606060606060606069 before.
In terms of news, according to Hainan Daily, the sales of duty-free shops on Hainan’s outlying islands have exceeded 15 billion yuan this year, an increase year-on-year. According to statistics, in the first two months of this year, the total sales of 10 outlying island duty-free stores in Hainan reached 12.873 billion yuan, a year-on-year increase of 33%. Among them, tax-free sales reached 11.946 billion yuan, a year-on-year increase of 38%; The number of duty-free shoppers reached 2126600, a year-on-year increase of 36%; The number of duty-free purchases was 12.623 million, a year-on-year increase of 53%.
Since the beginning of this year, while doing a good job in epidemic prevention and control, 10 duty-free shops on outlying islands in Hainan have launched a series of consumption promotion activities to activate the duty-free market on outlying islands.
A number of international well-known brands have launched new products and opened new stores to cultivate the market from the aspects of new and excellent products, theme activities, preferential promotion and so on. Relevant departments in Hainan have also joined hands with tax-free business entities to set up tax-free zones on outlying islands on the home page of the “Haiyi office” platform and issue coupons to tourists from outside the province who enter the island, which is very popular with tourists. During the Spring Festival this year (from January 31 to February 6), the sales of duty-free shops in Hainan outlying islands exceeded 2.1 billion yuan in seven days, a year-on-year increase of more than 150%.
East Asia Qianhai Securities pointed out that the repeated epidemic situation in some parts of the country had an impact on the tax-free sales in Hainan in March. However, the short-term negative impact did not change the development logic of long-term policy support of the industry and rapid improvement of its own service quality. At present, the 14th five year plan for tourism development and relief policies such as tax relief have formed support for tax-free, tourism and other industries. At the same time, the launch of the new covid-19 diagnosis and treatment scheme reflects the country’s rapid progress in comprehensive epidemic prevention and control and treatment. In the future, with the improvement of the epidemic situation, the prosperity of the industry is expected to continue to rise, and the performance of duty-free sales in Hainan is expected to achieve sustained high growth.
central bank increases financial support for “agriculture, rural areas and farmers” a new wave of “food” market is coming
On April 1, the agricultural sector rose sharply. As of press time, Xinjiang Talimu Agriculture Development Co.Ltd(600359) , Zhongnongfa Seed Industry Group Co.Ltd(600313) and Fujian Wanchen Biotechnology Co.Ltd(300972) , Hainan Shennong Technology Co.Ltd(300189) , Gansu Dunhuang Seed Group Co.Ltd(600354) , Jiangsu Chinagreen Biological Technology Co.Ltd(300970) and other stocks followed suit.
Recently, the central bank issued the opinions on doing a good job in the key work of financial support and comprehensively promoting rural revitalization in 2022, guiding the financial system to optimize the allocation of resources, make accurate efforts and move forward, effectively increase financial support in the field of “agriculture, rural areas and farmers”, continue to comprehensively promote rural revitalization, and provide strong support for stabilizing the macro-economic market.
The opinions covers 23 articles and puts forward specific requirements from eight aspects: first, make every effort to do a good job in grain production and important Shenzhen Agricultural Products Group Co.Ltd(000061) supply of financial services; Second, increase the investment in financial resources for the basic support of modern agriculture; Third, strengthen financial support for the sustainable development of rural industries; Fourth, steadily improve the financial service level of rural construction; Fifth, continue to promote financial support, consolidate and expand the achievements of poverty alleviation; Sixth, improve the ability of financial institutions to serve rural revitalization; Seventh, continuously improve rural basic financial services; Eighth, strengthen assessment and evaluation and organize publicity.
Prior to February 22nd, the Central Committee document No. 1 – “the CPC Central Committee and the State Council on the promotion of rural areas in 2022 to comprehensively promote the focus of the work of the opinions” issued, focusing on “19 rural issues” for three consecutive years. Among them, “Strengthening Rural Revitalization financial services” is listed as a separate article for the first time.
Zheshang Securities Co.Ltd(601878) said that with the intensive introduction of favorable policies and the improvement of supply and demand fundamentals, the industry has ushered in an upward cycle. It is expected that high-quality seed enterprises will usher in a performance release period in the next few years, the curtain of genetically modified organism breeding will open, the corn seed industry will usher in strong capacity expansion expectations, and the leading seed enterprises may usher in a high-speed growth stage.
Baijiu sector collective Jiugui Liquor Co.Ltd(000799) rose, over 7% Wuliangye Yibin Co.Ltd(000858) , Kweichow Moutai Co.Ltd(600519) and so on to pull up
Baijiu sector in April 1st strong trend, as of press release, Jiugui Liquor Co.Ltd(000799) rose more than 7%, Shede Spirits Co.Ltd(600702) , Wuliangye Yibin Co.Ltd(000858) , Kweichow Moutai Co.Ltd(600519) and other gains in advance; Beer stocks also rose collectively, Chongqing Brewery Co.Ltd(600132) , Tsingtao Brewery Company Limited(600600) , Fujian Yanjing Huiquan Brewery Co.Ltd(600573) , etc.
Baijiu Baijiu securities company Guotai Junan Securities Co.Ltd(601211) pointed out that the recent economic downturn is expected to be weak, and the market is biased negatively in the fundamentals of liquor industry. According to the survey, high-end liquor consumption is mainly concentrated in small areas such as business drinking, gift giving, collection and other aspects. The resilience is relatively stronger, and Baijiu consumption in March is less than that in the whole year, and is limited by the economic and epidemic disturbance. Steady investment in the whole year, steady investment, and investment in fixed assets and accelerated real estate investment are expected to further stimulate demand for high-end baijiu. At present, high-end Baijiu is corresponding to the 2022 PE Moutai 35X, Wuliangye Yibin Co.Ltd(000858) 22X, Laojiao 28X, and the valuation is down, providing opportunities for configuration. Wuliangye Yibin Co.Ltd(000858) has reached the bottom of the valuation, and the profit space is more obvious.
Sealand Securities Co.Ltd(000750) said that the recent Baijiu sector was short of foreign capital outflow, epidemic relapse and overall callback, and adjusted the overall elastic space. However, the industry is in a low season, and is less stressed by the epidemic and cost. After the stabilization of the sector, we hope to restore some of the oversold targets. The probability of the industry in 2022 is still a structural market. Individual stocks should be preferred from the perspective of fundamentals, valuation and expectation, and continue to be optimistic about high-end liquor Kweichow Moutai Co.Ltd(600519) , Luzhou Laojiao Co.Ltd(000568) and regional sub high-end leaders, such as Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) and so on.
the state carried out the collection and storage of the third batch of central frozen pork reserves during the year institutions believe that the inflection point of the cycle is expected to gradually increase at this stage
On March 31, according to the monitoring of the national development and Reform Commission, the recent pig grain price ratio continued to be lower than 5:1, which was in the level-1 early warning range of excessive decline determined in the plan for improving the regulation mechanism of government pork reserves and ensuring supply and price stability in the pork market. The development and Reform Commission and relevant parties carried out the collection and storage of the third batch of central frozen pork reserves during the year. It is planned to collect and store 40000 tons of frozen pork on April 2 and 3. If the follow-up pig prices continue to operate at a low level, the state will continue to carry out the collection and storage work and promote the return of pig prices to a reasonable range as soon as possible.
According to the analysis, the price of live pigs has been at a low level for a long time, and the possibility of further decline is small. It is suggested that farms (households) reasonably arrange production and operation decisions, maintain the normal slaughter rhythm of pigs with appropriate weight, and maintain the overall stability of the production capacity of fertile sows without excessive elimination.
Dongxing Securities Corporation Limited(601198) said that after the collection and storage work was started one after another, the recent decline in pig prices has narrowed significantly, dominated by shock adjustment, and there are signs of a slight rebound in the northern region. However, the recent oversupply situation has not been reversed. The short-term pig price is expected to be dominated by the bottom shock, and there is still room for a small decline. Superimposed with the sharp rise in feed prices caused by the current large Shenzhen Agricultural Products Group Co.Ltd(000061) comprehensive price rise, the breeding cost remains high, and the continuous loss will further promote the industry to take the initiative to reduce production capacity, which will further strengthen the expectation of starting the next round of rise in 2022. From the perspective of cycle dimension, the pressure of industrial cash flow is large, and the loss leads to a strong trend and certainty of continuous capacity removal.
From the perspective of enterprises, it is suggested to focus on the phased achievements of enterprise capacity layout, marketing planning and cost reduction and efficiency increase. At the current time point, continue to focus on the recommendation of pig breeding sector. It is believed that the inflection point of the cycle is expected to gradually increase at this stage. Although the sector has increased greatly, the de novo average market value dimension is still in the bottom range. Continue to recommend and focus on the breeding head enterprises with obvious advantages in cost control, followed by the second-line and small American Standard enterprises that focus on the reversal of difficulties, the expectation of greater cost improvement and the certainty of listing growth, with emphasis on Wens Foodstuff Group Co.Ltd(300498) , Tecon Biology Co.Ltd(002100) , Beijing Dabeinong Technology Group Co.Ltd(002385) , etc.
