Today (April 6), the performance of Shanghai and Shenzhen stock markets was differentiated. The Shanghai index remained volatile before 3300, while the gem index opened low and went low. On the disk, in terms of industries, education, real estate, steel, traditional Chinese medicine, decoration and building materials, banking, games and other industries led the rise; Semiconductor, photovoltaic, wind power, small metals, aerospace, coal and other industries led the decline. In terms of theme stocks, vocational education, chicken concept, covid-19 drugs, traditional Chinese medicine concept, hair medicine, online education, electronic ID card and digital currency led the rise; Sodium ion batteries, high transmission and transfer, fluorine chemical industry, power battery recycling, automobile chips and so on.
banking stocks collectively rose in the index institutions: clear bottom of long-term valuation short-term high cost performance
On April 6, bank stocks performed strongly. As of press time, Qilu Bank Co.Ltd(601665) has risen by the limit, Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.Ltd(601528) , Ping An Bank Co.Ltd(000001) , Industrial Bank Co.Ltd(601166) , etc. On the news side, as of April 1, a total of 34 A-share listed banks have disclosed the annual report or annual performance express of 2021, of which 23 banks (including 6 state-owned banks, 7 joint-stock banks and 10 urban rural commercial banks) have officially disclosed the annual report.
Citic Securities Company Limited(600030) according to the latest research report, the disclosed annual report of listed banks in 2021 shows that in the fourth quarter, the revenue growth rate of listed banks increased slightly, the profit growth continued to boom, the asset quality and provision level continued to improve steadily, and the credit risks of key industries have been prospectively dealt with. In terms of investment in the banking sector, with the renewed efforts of the steady growth policy, the orderly optimization of real estate policy and the effective control of the scattered epidemic, the follow-up macroeconomic and micro quality are expected to have room for improvement. In the long run, the bottom of the valuation of the sector is clear, and in the short term, the investment has high cost performance.
Everbright Securities Company Limited(601788) believes that the revenue and profit growth of 1q22 listed banks is expected to be “stable and slightly lower”. After the meeting of the Finance Committee on March 16, the trend of the banking sector was strong, and the willingness to increase capital positions in the North was strengthened. Looking forward to April, the “broad credit” is expected to strengthen and gradually enter the cashing period. The continuous performance of the real estate sector under the warm policy will help to enhance the market’s confidence in “stable growth”, and the bank stock market is expected to continue. Two main lines are recommended: 1) Jiangsu and Zhejiang regional high-quality banks with “Pro cycle and high growth”, with emphasis on Nanjing, Changshu, Jiangsu and Bank Of Hangzhou Co.Ltd(600926) ; 2) As the main line of big banks with obvious advantages in credit supply and debt side, Postal Savings Bank Of China Co.Ltd(601658) , it is recommended to pay attention to H-share big banks.
digital RMB pilot expansion concept stocks multi stock limit these five types of stocks are favored by institutions
On April 6, the concept of digital currency fluctuated and rose. As of press time, Chutian Dragon Co.Ltd(003040) , Szzt Electronics Co.Ltd(002197) , Yunnan Nantian Electronics Information Co.Ltd(000948) limit. On the news, on March 31, the people’s Bank of China held a symposium on the pilot work of digital RMB research and development, summarized the pilot work of early research and development, and arranged and deployed the work of the next stage. The meeting requested that in the next step, all relevant participants should follow the deployment of the 14th five year plan, adhere to the general tone of seeking progress while maintaining stability, assume their respective responsibilities and cooperate with each other to steadily promote the pilot of digital RMB research and development. We will expand the scope of the pilot in an orderly manner. On the basis of the existing pilot areas, we will add six cities hosting the Asian Games in Tianjin, Chongqing, Guangzhou, Guangdong Province, Fuzhou, Xiamen, Fujian Province and Zhejiang Province as the pilot areas. Beijing and Zhangjiakou, Hebei Province will become the pilot areas after the 2022 Beijing Winter Olympic Games and winter Paralympic Games are completed. Adhere to the “two-tier operation” structure, give full play to the advantageous role of the designated operation organization, and strengthen the pilot application and ecosystem construction. Strengthen the construction of safety and risk prevention and control system, improve relevant laws and regulations and standard system, deepen the research on theoretical issues, and constantly consolidate the pilot foundation of digital RMB research and development.
Anxin Securities pointed out that the expansion of pilot cities is expected to drive new demand, and the Asian Games may become another important display window. From the scope of pilot cities, the new pilot cities cover relevant cities in the north, southwest and South China, forming a better complementarity with the previous pilot cities. The digital RMB industry chain mainly includes five types of enterprises. It is suggested to pay attention to the investment opportunities of relevant listed companies:
(1) application scenario Enterprises: Zhejiang Zhengyuan Zhihui Technology Co.Ltd(300645) , Newcapec Electronics Co.Ltd(300248) ;
(2) financial machinery enterprises: Grg Banking Equipment Co.Ltd(002152) , Newland Digital Technology Co.Ltd(000997) , Xgd Inc(300130) , Urovo Technology Co.Ltd(300531) , Shanghai Guao Electronic Technology Co.Ltd(300551) ;
(3) bank IT enterprises: Digital China Information Service Company Ltd(000555) , Shenzhen Sunline Tech Co.Ltd(300348) , Yusys Technologies Co.Ltd(300674) , Client Service International Inc(300663) , Northking Information Technology Co.Ltd(002987) , Global Infotech Co.Ltd(300465) , Tansun Technology Co.Ltd(300872) , Beyondsoft Corporation(002649) ;
(4) payment institution: Lakala Payment Co.Ltd(300773) ;
(5) encryption algorithm Enterprises: Beijing Infosec Technologies Co.Ltd(688201) , Feitian Technologies Co.Ltd(300386) , Beijing Certificate Authority Co.Ltd(300579) , Koal Software Co.Ltd(603232) , Jilin University Zhengyuan Information Technologies Co.Ltd(003029) .
Combined with the situation of the third batch of pilot cities, it is suggested to focus on the digital RMB construction of Hangzhou Asian Games, especially the digital RMB application enterprises with strong competitive advantages in Zhejiang market.
the efficacy of traditional Chinese medicine in the treatment of covid-19 has been recognized by who industrial chain or concern
China Central Television News reported that it was learned from the State Administration of traditional Chinese medicine on April 5. Recently (March 31), the WHO website released the report of the WHO expert evaluation meeting on the treatment of covid-19 pneumonia with traditional Chinese medicine, which clearly affirmed the safety and effectiveness of traditional Chinese medicine in the treatment of covid-19 pneumonia, and encouraged WHO Member States to consider China’s integrated model of traditional Chinese and Western Medicine (integrated medical model).
Previously, the general office of the State Council issued the “14th five year plan” for the development of traditional Chinese medicine.
Tianfeng Securities Co.Ltd(601162) believes that the promulgation of the 14th five year plan of traditional Chinese medicine is conducive to establish and improve the evaluation index system and system mechanism suitable for the inheritance, innovation and development of traditional Chinese medicine from the national strategic level. In combination with the guidance of the state medical security administration and the State Administration of traditional Chinese medicine on medical insurance supporting the inheritance, innovation and development of traditional Chinese Medicine issued by the state medical security administration and the State Administration of traditional Chinese medicine in December 2021, the policy side and payment side put forward all-round incentive measures from traditional Chinese medicine institutions, traditional Chinese medicine services and traditional Chinese medicine products, which will have a far-reaching impact on the development of the whole traditional Chinese medicine industry. With the superposition of policy catalysis and fundamentals driving, the traditional Chinese medicine industry has a certain valuation flexibility.
two departments deployed to speed up the development and construction of pumped storage projects during the 14th Five Year Plan period investment scale is about 9000 billion (with shares)
Recently, the national development and Reform Commission and the National Energy Administration jointly issued a notice to speed up the development and construction of pumped storage projects during the 14th Five Year Plan period. The notice points out that accelerating the development of pumped storage plays an important role in accelerating the construction of a new power system, promoting the large-scale and high proportion development of renewable energy, achieving the goal of carbon peak and carbon neutralization, ensuring the safe and stable operation of the power system, improving the level of energy security, promoting the expansion of effective investment and maintaining the stable and healthy development of economy and society. The notice stressed that the planning and construction of pumped storage energy in the area where large-scale wind power photovoltaic base is located should be well connected and coordinated with the planning, project layout and transmission channel of large-scale wind power photovoltaic base, so as to promote power transmission. The development and reform commissions and energy bureaus of all provinces (autonomous regions and municipalities) shall speed up the approval of pumped storage projects in 2022 in accordance with the principle of making every effort to verify and make every effort to open, ensure the approval of a number of projects by the end of 2022, and do a good job in connection with the subsequent annual approval of the 14th five year plan, so as to promote the sound, rapid, large-scale and high-quality development of pumped storage.
Guotai Junan Securities Co.Ltd(601211) pointed out that Polaris hydropower network reported that the National Energy Administration issued the medium and long term development plan for pumped storage (20212035) (Draft for comments), proposing that China’s installed capacity of pumped storage will increase to 300 million KW by 2035, an increase of about 10 times over 2020, exceeding the expected period. During the 14th five year plan, 180 million kilowatts of pumped storage will be started, with an investment scale of about 900 billion. Recommended Guangdong No.2 Hydropower Engineering Company Ltd(002060) , the company has the special qualification for general contracting of water conservancy and hydropower projects, has the Guangdong Provincial Water Conservancy and Hydropower Engineering Technology Research Center, and participates in the construction of many pumped storage power stations in Huizhou, Guangdong / Shenzhen / Qingyuan / Qiongzhong, Hainan / Yangjiang / Zhaoqing, which will fully benefit from the explosion of pumped storage market.
Among related concept stocks, Zheshang Securities Co.Ltd(601878) recommended China Railway Hi-Tech Industry Corporation Limited(600528) . New application fields such as pumped storage bring incremental demand for shield machine / TBM. It is estimated that the compound growth rate of installed capacity of pumped storage during the 14th Five Year Plan period will reach 23%, and the cumulative demand for Pumped Storage TBM in the next 15 years will reach 45 billion yuan.
agricultural sector surged chicken stocks performed well Ningxia Xiaoming Agriculture & Animal Husbandry Co.Ltd(300967) and other big gains
The agricultural sector rose in intraday shock on the 6th, and chicken stocks performed brilliantly. As of press time, Ningxia Xiaoming Agriculture & Animal Husbandry Co.Ltd(300967) rose by more than 10%, Shandong Minhe Animal Husbandry Co.Ltd(002234) limit, Shandong Yisheng Livestock & Poultry Breeding Co.Ltd(002458) , Hunan Xiangjia Animal Husbandry Company Limited(002982) , Springsnow Food Group Co.Ltd(605567) rose higher.
The data show that since November 2021, the price of yellow feather chicken has fluctuated upward, the monthly average price has fluctuated upward, and the overall price is at a high level. Since March, the monthly average price of yellow chicken in China has been about 7.43 yuan / kg, down 0.46 yuan / kg from February From the perspective of upstream capacity, maintain the inflection point in the first half of 2022. In terms of white feather chickens, on April 1, the prices of white feather broilers and broiler seedlings in the main production areas were 8.6 yuan / kg and 1.8 yuan / feather respectively, up 8.1% and 80% respectively from last week.
Sealand Securities Co.Ltd(000750) pointed out that in terms of white chicken, the price of the industrial chain has been significantly differentiated recently, the price of parents’ seedlings has continued to decline, and the price of middle and lower reaches has rebounded. The grandparent farm gradually returned to the profit and loss line, while the parent farm began to decline due to continuous losses. However, the short-term commercial agent farmers have recovered their profits, and the commodity seedling price has rebounded significantly in the short term, which may affect the speed of decontamination. At present, the industry has issued bottom characteristics, and some companies have long-term investment value. It is recommended that Fujian Sunner Development Co.Ltd(002299) .
real estate sector nearly 20 shares trading limit institutions: the sector still has the power to move
On April 6, the real estate sector continued to rise in the afternoon, and nearly 20 shares including Bright Real Estate Group Co.Limited(600708) , China Enterprise Company Limited(600675) , Nanjing Chixia Development Co.Ltd(600533) , Beih-Property Co.Ltd(600791) , etc. rose by the limit. In terms of news, recently, many cities across the country have relaxed the house purchase policy. Among them, on April 5, Lanzhou issued several measures for Lanzhou to implement the strategy of strengthening the provincial council and further optimize the business environment (No. 1). The “several measures” proposed to reduce the threshold for individuals to buy housing. The minimum down payment ratio for individuals to purchase the first set of housing through commercial banks and provident fund loans shall not be less than 20%, and the minimum down payment ratio for the second set of housing shall not be less than 30%. We should reduce the burden of individual housing consumption. We will intensify the issuance of individual housing mortgage loans and guide financial institutions to implement preferential policies on loan interest rates in accordance with regulatory provisions. For families who own a house and have settled the house purchase loan, if they apply for a loan again to buy a house in order to improve their living conditions, the financial institution shall implement the first house loan policy.
Guolian Securities Co.Ltd(601456) said that recently, the easing of real estate policy has significantly accelerated. Under the dual catalysis of steady growth and undervalued value, the current real estate sector still has the power to act. At the individual stock level, robust medium and large real estate enterprises may be expected to win.
Citic Securities Company Limited(600030) believes that the fundamentals bottomed out in March and are expected to recover slowly in the second quarter under the influence of policies.
Boc International (China) Co.Ltd(601696) proposed that although the supply and demand side policies have been adjusted continuously since this year, the prosperity of the real estate market is still low, and there is no obvious sign of warming up in new house transactions. It is suggested to pay attention to the policy follow-up of Chengdu, Xiamen, Wuhan, Hangzhou and other strong second tier cities with relatively higher energy level. From the perspective of sector investment, April is still a good configuration window period, and the expectation of policy improvement is still strengthened. It is suggested to continue to pay attention to the opportunities of the real estate sector.
