Today (April 8), A-Shares fluctuated widely and the trend was divided. The Shanghai index rebounded slightly, and the Shenzhen Composite Index and the gem index continued to adjust. On the disk, in terms of industries, fertilizer, precious metals, engineering construction, cement and building materials, real estate, steel, tourism and hotels, chemical raw materials, securities and other industries led the increase; Traditional Chinese medicine, chemical pharmacy, education, agriculture, animal husbandry, feeding and fishing, shipping, games, food and beverage and other industries led the decline. In terms of subject matter stocks, phosphorus chemical industry, civil explosion concept, glyphosate, sponge City, assembly building, underground pipe network, building energy conservation and other gains were among the top; Chicken concept, virtual digital human, prefabricated vegetable concept, aquaculture, digital reading, NFT concept, vocational education, etc.
brokerage stock changes Guosheng Financial Holding Inc(002670) once limit up two main lines worthy of attention
In the afternoon of April 8, there was a change in securities companies’ stocks, Guosheng Financial Holding Inc(002670) once rose the limit, and Chinalin Securities Co.Ltd(002945) , Polaris Bay Group Co.Ltd(600155) , Gf Securities Co.Ltd(000776) , China Galaxy Securities Co.Ltd(601881) , etc. rose ahead. According to today’s news on the website of Shenzhen Municipal People’s government, Shenzhen recently issued the implementation opinions on accelerating the cultivation and growth of market subjects, which proposed to continue to promote the “excellent listing”. Enterprises listed on the “new third board” for the first time will be rewarded with a maximum of 500000 yuan, and those entering the innovation layer will be rewarded with a maximum of 300000 yuan. Enterprises that intend to be listed in China and complete listing guidance will be rewarded with a maximum of 1 million yuan, enterprises that directly list abroad will be rewarded with a maximum of 800000 yuan, enterprises that restructure foreign listed enterprises and move their registered place into the city and foreign high-quality listed enterprises that move into the city will be rewarded with a maximum of 5 million yuan. Encourage IPO professional institutions to improve their service level, and all districts can give financial support according to their contributions.
Haitong international pointed out that the reform of the capital market is advancing rapidly, the businesses of securities companies are expected to speed up, and the head securities companies have significant advantages. The revision of the provisions is conducive to improving the compliance level of overseas listed enterprises and promoting the orderly development of overseas securities issuance and listing activities of Chinese domestic enterprises. It is suggested to pay attention to the undervalued high-quality leaders and the leading targets of wealth management transformation.
Everbright Securities Company Limited(601788) said that the current valuation of the securities sector deviates from the fundamentals, and the valuation is at a historical low. Under the main line of “steady growth”, the repair of the undervalued financial sector is still worth looking forward to. It is suggested to pay attention to two main lines: (1) leading securities companies with outstanding comprehensive strength and gradually increasing market share in the securities sector; (2) In the era of wealth management, it is recommended to have differentiated competitiveness in the field of Internet wealth management and benefit from the development of fund subsidiaries.
steady growth continued to increase real estate industry chain stocks collectively pulled up stocks lifted the limit tide
Construction, building materials, steel, construction machinery and other real estate industry chain stocks rose collectively on the 8th. As of press time, in the real estate sector, Sichuan Languang Development Co.Ltd(600466) , Macrolink Culturaltainment Development Co.Ltd(000620) , China Wuyi Co.Ltd(000797) , Shenzhen New Nanshan Holding (Group) Co.Ltd(002314) , Tianjin Tianbao Infrastructure Co.Ltd(000965) , Rongan Property Co.Ltd(000517) , more than 10 shares rose by the limit; In the construction sector, more than 10 shares, including Hualan Group Co.Ltd(301027) , Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) , Zhongyan Technology Co.Ltd(003001) , Shenzhen Strongteam Decoration Engineering Co.Ltd(002989) , China Zhonghua Geotechnical Engineering Group Co.Ltd(002542) , rose by the limit; In terms of steel sector, Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) limit, Inner Mongolia Eerduosi Resources Co.Ltd(600295) , Qingdao East Steel Tower Stock Co.Ltd(002545) and other outstanding performances; In the construction machinery sector, Xiamen shares rose by the limit, Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Shaanxi Construction Machinery Co.Ltd(600984) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , etc.
Some institutions said that the real estate chain has been in the bottom area and attached importance to the recent catalysis. The main reasons why the real estate chain was optimistic in the second quarter are as follows: first, the consumption of building materials and cement focused on the marginal change of performance. After the interference of the epidemic, the demand superposition + steady growth policy was implemented from March to April, and the improvement of fundamentals is expected to accelerate; Second, the cost side pressure has been fully recognized, and price increases have been hedged in waterproof, coating, cement and other industries; Third, the provision of big b-end mainly affects the annual report. The real estate policy first benefits the sales data, and the confidence of the industrial chain is expected to pick up. At the same time, the leading building materials company will develop the distribution / small B model and explore new growth points of the second curve; Fourth, the growth rate of real estate sales, commencement and construction in 2021 is high before and low after, and the base number in the first quarter is high.
For the real estate sector, Sinolink Securities Co.Ltd(600109) pointed out that recently, there have been moderate easing policies on the credit side and both sides of supply and demand of real estate. Among them, the “Zheng 19 articles” issued by Zhengzhou fully revealed the real estate market, and the “first shot” of canceling purchase and sales restrictions was launched in Quzhou, Zhejiang and Qinhuangdao, Hebei. Credit support has brought a certain degree of improvement to the financing end of real estate enterprises. However, due to the limited scope and intensity of the current easing policy and the impact of covid-19 epidemic, the effect of boosting real estate sales has been delayed to some extent. The recent sales situation has not improved. The sales amount of the top 100 real estate enterprises fell by 47% year-on-year from January to March 2022. The industry fundamentals are in the process of bottoming out, and the expectation of introducing a wide range of easing policy is still strong.
The agency said that it is expected that a wide range of multi-dimensional easing measures will continue to be introduced, and the real estate industry will be on the right track of a virtuous circle, which is a good time to layout the real estate sector. In the real estate sector, we are optimistic about enterprises with contrarian growth of sales and investment and strong certainty of future performance. We recommend Greentown China, Jianfa international and Hangzhou Binjiang Real Estate Group Co.Ltd(002244) . In the property sector, we are optimistic about private property management companies with high density and value-added services, and recommend Jinke service and country garden service.
tourism and hotel catering sectors rose in shock Yunnan Tourism Co.Ltd(002059) daily limit Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) and other substantial increases
Tourism, hotel and catering sectors rose in intraday shock on the 8th. As of press time, the tourism sector, Yunnan Tourism Co.Ltd(002059) limit, Jiangsu Tianmu Lake Tourism Co.Ltd(603136) , Caesar tourism and other outstanding performances; In terms of hotel catering sector, Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) , Jinling Hotel Corporation Ltd(601007) , etc. rose higher.
In terms of news, according to the calculation of the data center of the Ministry of culture and tourism, 75.419 million people traveled in China during the three-day Tomb Sweeping Day holiday in 2022, a year-on-year decrease of 26.2% and a comparable recovery to 68% in the same period in 2019; China’s tourism revenue reached 18.78 billion yuan, a year-on-year decrease of 30.9%, returning to 39.2% in the same period in 2019.
The epidemic situation fluctuates repeatedly, and policy support has become a “ballast” for the stability of the industry. Recently, the general office of the Ministry of tourism issued the notice on the implementation of poverty relief support policies to promote the recovery and development of tourism. Start with the interpretation, guidance and feedback of the enterprise’s insurance policies, and form a closed-loop connection through the interpretation, evaluation and feedback of the enterprise’s insurance policies.
Boc International (China) Co.Ltd(601696) research report pointed out that the issuance of the notice is an extension of the “service industry rescue policy”, which is expected to benefit the recent rescue of cultural and tourism enterprises and the recovery of future business.
Wanlian Securities said that during the Qingming holiday this year, China’s tourism market was cold, and the outbreak of epidemics in many places hit the willingness of Chinese tourists to go for an outing. The new round of covid-19 outbreak will have a great impact on the tourism industry in the short term, drag down the recovery process of the industry, and the tourism market is facing a phased correction. If the current round of epidemic situation is controlled, the epidemic situation in China will gradually improve, and the restrictions on cross provincial and cross-border travel will be gradually liberalized. With the superposition of China’s economic recovery and consumption recovery, the leading stock prices in the tourism industry are expected to achieve a positive return to performance growth and valuation.
Guangdong, Hong Kong and Macao Great Bay Area “yuancosmos 10 article” institutions believe that the trend of yuancosmos is highly deterministic (with shares)
It is reported that the first yuancosmos special support policy in Guangdong, Hong Kong and Macao Dawan District landed in Guangzhou. On April 6, the measures of Huangpu District and Guangzhou Development Zone for promoting the innovation and development of metauniverse (hereinafter referred to as “10 articles of metauniverse”) were officially released at the press conference on the innovation and development of metauniverse held in Huangpu District and Guangzhou Development Zone of Guangzhou.
It is reported that the policy focuses on digital twins, human-computer interaction, AR / VR / MR (augmented reality / virtual reality / hybrid reality) and other fields, promotes the industrialization and large-scale application of meta universe related technologies, management and business models, and cultivates new industrial formats and models. In addition, focusing on the key technologies of the meta universe, we will “take the lead” and give a reward of up to 10 million yuan to the projects that have been successfully overcome.
In addition, the support scope of “meta universe 10” covers ten aspects: technological innovation, application demonstration, intellectual property protection, talent drainage, exchange and cooperation and fund support. It focuses on cultivating industrial meta universe, digital virtual human, digital art transaction and other fields that reflect the development trend of meta universe, so as to gather new potential energy for promoting the high-quality development of digital economy.
Bohai Securities believes that strategically, it will continue to suggest that the central line pay attention to the driving role of the theme of meta universe in the industry this month. The 2022 global meta universe conference hosted by China Mobile Communications Federation will be held on April 20, which will also be good for meta universe at that time. Haitong international pointed out that there has been intensive catalysis in the industry recently, including: 1) the Ministry of industry and information technology issued a document to prepare for the establishment of the industrial yuan universe service platform, and plans to launch the first batch of industrial culture digital collections this year.
2) Xiamen industry and Information Technology Bureau and Xiamen Big Data Management Bureau jointly issued the three-year action plan for the development of Xiamen yuanuniverse industry (20222024).
3) Shandong Provincial Department of industry and information technology and other seven departments recently jointly released the three-year action plan for promoting the high-quality development of virtual reality industry in Shandong Province (20222024), which will cultivate and promote 100 application scenarios and solutions in the province in three years, so as to build a 100 billion level virtual reality industry highland with China’s first-class and international competitiveness.
The trend of metauniverse is highly deterministic. We will continue to pay attention to the volume of VR hardware and the attitude change of regulators in the future. It is suggested to pay attention to digital collections ( Visual China Group Co.Ltd(000681) , Three’S Company Media Group Co.Ltd(605168) , Zhewen Interactive Group Co.Ltd(600986) , Chengdu B-Ray Media Co.Ltd(600880) ); Virtual human ( H&R Century Union Corporation(000892) , Bluefocus Intelligent Communications Group Co.Ltd(300058) ); VR ( Hengxin Shambala Culture Co.Ltd(300081) , Wuxi Boton Technology Co.Ltd(300031) ), etc.
six ministries and commissions issued documents to promote the large-scale application of green hydrogen pay attention to the investment opportunities of hydrogen production end and hydrogen consumption end
On April 7, the Ministry of industry and information technology, the national development and Reform Commission and other six ministries and commissions jointly issued the guiding opinions on promoting the high-quality development of petrochemical and chemical industry in the 14th five year plan. The opinions put forward that by 2025, the petrochemical industry will basically form a high-quality development pattern with strong independent innovation ability, reasonable structural layout, green, safe and low carbon, and green hydrogen has been mentioned many times. According to the opinions, accelerate the breakthrough of key technologies such as new catalysis, green synthesis, function structure integrated polymer material manufacturing, and large-scale application of “green hydrogen”; Encourage petrochemical and chemical enterprises to develop and utilize “green hydrogen” reasonably and orderly according to local conditions, and promote the coupling demonstration of refining and chemical industry, coal chemical industry, green electricity, green hydrogen and other industries.
Hydrogen is divided into gray hydrogen, blue hydrogen and green hydrogen. Among them, green hydrogen mainly refers to hydrogen produced by decomposing water with renewable energy such as Cecep Solar Energy Co.Ltd(000591) , wind energy and so on. Compared with gray hydrogen and blue hydrogen, which are mainly used at present, this kind of hydrogen produces almost no carbon emission in the production process.
Citic Securities Company Limited(600030) believes that the localization process of green hydrogen as a clean secondary energy has accelerated significantly, the localization rate of hydrogen fuel cell has increased rapidly from 30% in 2017 to 60-70% in 2021, and the localization rate of some sub tracks has exceeded 90%. The upstream raw material end can better meet the top-level requirements – “energy rice bowl end in your own hands”. In the context of energy security, the transformation of industrial decarbonization and the acceleration of commercialization jointly promote the development of green hydrogen industry. The hydrogen production end is optimistic that electrolytic water hydrogen production will have an outbreak starting point in 2022. The replacement of industrial demonstration projects such as hydrogen end green steel and green ammonia may be accelerated in 2023, and the policy driven hydrogen fuel cell penetration of commercial vehicles may exceed 1% in 2025.
At the hydrogen production end, the technical route of renewable energy hydrogen production is highly deterministic and the outbreak is approaching. It is suggested to pay attention to: Sungrow Power Supply Co.Ltd(300274) , Ningxia Baofeng Energy Group Co.Ltd(600989) , Shanxi Meijin Energy Co.Ltd(000723) , Longi Green Energy Technology Co.Ltd(601012) and other investment opportunities brought by large-scale companies and electrolytic cells; In the hydrogen end low-carbon metallurgy scenario, in the long run, it is recommended to focus on Baoshan Iron & Steel Co.Ltd(600019) , which has a relatively high market share and is distributed with green steel; It is suggested to focus on Beijing Sinohytec Co.Ltd(688339) , Shanxi Meijin Energy Co.Ltd(000723) , Shenzhen Center Power Tech.Co.Ltd(002733) , Dongyue Group; The large amount of hydrogen fuel cell will lead to the change of upstream metal platinum demand, which will bring investment opportunities.
2022 annual water conservancy investment can be completed about 8000 billion yuan water conservancy infrastructure or concern (attached shares)
According to Xinhua news agency, it was learned from the regular policy briefing of the State Council on the 8th that China will focus on promoting the preliminary work of 55 major water conservancy projects in 2022. During the year, China will start the construction of the middle route of the South-to-North Water Transfer Project to divert the river to make up the Han River, the second phase of the Huaihe River channel into the sea, and the allocation of water resources in Guangdong around the Beibu Gulf; Implement the reinforcement of more than 1700 dangerous reservoirs; About 570 large and medium-sized irrigation areas have been continued to be built and modernized, with more than 25 million mu of newly increased and improved irrigation area. A number of large-scale irrigation areas have been started in Guangxi, Hainan, Jiangxi and other regions; More than 12000 kilometers of main tributaries and small and medium-sized rivers will be treated, and more than 90 small and medium-sized reservoirs will be built.
The above projects, together with other water conservancy projects, are expected to complete an investment of about 800 billion yuan in 2022.
Guotai Junan Securities Co.Ltd(601211) pointed out that in 2022, the economic work will focus on steady growth. As one of the important infrastructure construction fields, water conservancy has the characteristics of strong social benefits, large investment absorption and long industrial chain. The development of water conservancy is expected to fully boost demand, create employment and make an important contribution to achieving the goal of steady growth. In combination with the work deployment of the central government and the Ministry of water resources, water conservancy will focus on the construction of major projects such as national water network and watershed flood control and the improvement of smart water conservancy in 2022. In terms of medium and long-term planning, during the 14th Five Year Plan period, water conservancy construction will achieve high-quality development from the four investment directions of flood control, water supply, intelligent water conservancy and ecological restoration. Its investment growth rate is expected to enter a new round of growth period driven by the accelerated implementation of 150 major water conservancy projects.
The agency believes that the regional leaders in the industrial chain of large infrastructure construction of water conservancy are more flexible, and smart water conservancy is recommended China Railway Group Limited(601390) . Water conservancy construction is conducive to the fields of construction (Engineering and Design) and building materials (pipe, waterproof and cement). The regional leaders in southwest, South China and East China have greater flexibility. Intelligent water conservancy recommends that the calculation link has the advantage of integration China Railway Group Limited(601390) . Recommend 13 “gold stock combinations” of Guojun strategic water conservancy new infrastructure, including Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) / Jsti Group(300284) / China Liansu / Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) / Huaxin Cement Co.Ltd(600801) / China Railway Group Limited(601390) .
