Deliver the A-share market information at the first time, observe the market trend, grasp the rise and fall logic and tap investment opportunities.
Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) 3 large infrastructure sector soared
In the morning of April 8, the large infrastructure sector soared collectively. In terms of individual stocks, Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) opened high and closed the trading limit. As of the press release of 7.04 yuan, all the trading limits have been raised for three trading days this week.
According to the forecast of one agency, the GDP growth rate is between 13.4% and 4.5% in the first quarter, with an average of 1.5% in the first quarter. Liu Xiangdong, deputy director of the Economic Research Department of the China Center for international economic exchanges, said that the economy recovered well in the first two months of this year, but in March, affected by the superposition of the epidemic and geographical conflicts, consumer demand shrank, dragging down the economic growth in the first two months.
As an important tool for steady growth, the issuance of new local government bonds, especially special bonds, is accelerating. About 1.3 trillion yuan has been issued in the first quarter, faster than in previous years, and the remaining 2.35 trillion yuan will be issued by the end of September to expand effective investment and boost the stable operation of the economy.
According to the data of Everbright Securities Company Limited(601788) statistics, in the first quarter of 2022, China issued a total of 1298.1 billion yuan of new special bonds, accounting for 89% of the amount approved in advance (1.46 trillion yuan) and 36% of the annual issuance plan, making it the fastest year in history.
Debang Securities believes that infrastructure development is the most important support for economic growth this year. This year, the growth rate of infrastructure can reach about 5-7%. The project side focuses on five aspects: transportation, water conservancy, new infrastructure, major projects in the 14th five year plan and urban renewal.
Shanghai No.1 Pharmacy Co.Ltd(600833) one board limit: it will undertake the procurement service of epidemic prevention materials
In early trading on April 8, Shanghai No.1 Pharmacy Co.Ltd(600833) opened the trading limit on the one-sided board. On the news front, yesterday, Shanghai No.1 Pharmacy Co.Ltd(600833) announced that based on the needs of epidemic prevention and control, the company was entrusted to undertake the task of providing epidemic prevention materials procurement services for the public after receiving the notice from Bailian Group, the controlling shareholder of the company.
The announcement said that the company estimated that if the matter was implemented as planned, it would generate main business income of Tian Jin Bohai Chemical Co.Ltd(600800) million yuan, but the impact on profits was not clear. The announcement also indicates that this event is expected to have a positive impact on the company’s operating revenue and net profit in 2022; In addition, the purchase funds need to be paid in advance, while the sales collection funds need to be settled afterwards, which will put some pressure on the company’s operating cash flow.
The main business of chemical and biological products is public distribution of chemical products and biological products materials. According to the annual report, Shanghai No.1 Pharmacy Co.Ltd(600833) 2021 achieved a net profit of 49.42 million yuan, a year-on-year decrease of 27.9%.
construction sector rose strongly Hualan Group Co.Ltd(301027) and other stocks rose by the limit major infrastructure projects accelerated around
The construction sector rose strongly on the 8th. As of press time, Hualan Group Co.Ltd(301027) “20cm” limit, Longjian Road&Bridge Co.Ltd(600853) , Zhongyan Technology Co.Ltd(003001) , Shenzhen Strongteam Decoration Engineering Co.Ltd(002989) , China Zhonghua Geotechnical Engineering Group Co.Ltd(002542) , Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) , Anhui Construction Engineering Group Corporation Limited(600502) , Tengda Construction Group Co.Ltd(600512) .
In terms of news, since the beginning of the year, all parts of the country have actively accelerated the construction of major projects to help the economy “get off to a good start”. According to the reporter’s incomplete statistics, as of April 7, at least 20 provinces and cities across the country released the relevant information on the commencement of major projects in the first quarter, and the total investment scale of the projects involved exceeded 9 trillion yuan.
According to the statistics of Everbright Securities Company Limited(601788) Research Institute, 24 provinces and cities have disclosed the construction plans of major projects in 2022, involving an annual investment scale of 12.7 trillion yuan. Among them, 11 provinces and cities disclosed the specific investment direction, and the proportion of investment in infrastructure projects was 47%. This means that many places have prepared a large proportion of major infrastructure projects for the whole year.
Soochow Securities Co.Ltd(601555) believes that steady growth is expected to continue to increase, and the prosperity of infrastructure chain will continue to rise in the medium term. The fiscal revenue and expenditure and the issuance of special bonds reflect the continuous efforts of the fiscal policy to ensure the capital side. The PMI of the construction industry and the provincial investment plans show that the pace of project implementation has been significantly accelerated. This round of policies focuses on supporting transportation, affordable housing projects, water conservancy and other fields, and the pull on traditional transportation and municipal infrastructure projects is still prominent. It is suggested to pay attention to the investment opportunities in the construction sector from the following three directions: (1) the prosperity of the infrastructure municipal chain and the improvement of valuation under the continuous force of steady growth: we are optimistic about the continuous repair opportunities for the valuation of leading infrastructure enterprises with historically low valuation and stable performance, and pay attention to China Communications Construction Company Limited(601800) , China Railway Group Limited(601390) , China Railway Construction Corporation Limited(601186) , Jsti Group(300284) , China State Construction Engineering Corporation Limited(601668) (CNOOC asset valuation repair), etc.
(2) there are bright spots in the demand structure and investment opportunities under the incremental development of new business: with the promotion of policies such as double carbon strategy and green and energy-saving buildings, the prosperity of infrastructure segments related to prefabricated buildings, energy conservation and carbon reduction and new energy is high, and enterprises with relevant transformation layout are expected to benefit. Recently, the 14th five year plan for building energy conservation and green building development was issued, which proposed to promote building photovoltaic, prefabricated construction and decoration, etc. It is suggested to pay attention to Anhui Honglu Steel Construction(Group) Co.Ltd(002541) , Shenzhen Capol International&Associatesco.Ltd(002949) , Zhejiang Yasha Decoration Co.Ltd(002375) , China Railway Prefabricated Construction Co.Ltd(300374) ; Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , China Energy Engineering Corporation Limited(601868) , etc. of new energy business transformation and incremental development; Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Center International Group Co.Ltd(603098) , Zhejiang Southeast Space Frame Co.Ltd(002135) and others benefiting from the large volume of building photovoltaic market, and Jiangxi Geto New Materials Corporation Limited(300986) and other leasing service providers of green building materials (aluminum formwork).
(3) reform direction of state-owned enterprises: 2022 is the end of the three-year action of state-owned enterprise reform. It is expected that while the reform of state-owned enterprises is advancing steadily, the previous reform dividends in corporate governance structure, strengthening incentives, mixed reform and improving efficiency and stimulating vitality are expected to enter the release period. It is suggested to pay attention to the improvement of performance under cost reduction and efficiency increase, the transformation layout of new businesses and asset reorganization, and pay attention to Sichuan Road & Bridge Co.Ltd(600039) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) Shandong Hi-Speed Road&Bridge Co.Ltd(000498) , Metallurgical Corporation Of China Ltd(601618) etc.
phosphorus concept stocks are active Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) and other big rises phosphorus fertilizer high outlook is expected to continue
Phosphorus stocks had an active intraday trend on the 8th. As of press time, Anhui Liuguo Chemical Co.Ltd(600470) , the daily limit, Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) , Hubei Xingfa Chemicals Group Co.Ltd(600141) , Hubei Yihua Chemical Industry Co.Ltd(000422) , Henan Qingshuiyuan Technology Co.Ltd(300437) , Hengguang shares, Yunnan Yuntianhua Co.Ltd(600096) , etc. had been higher.
According to the data, the price of ammonium phosphate remained high in the first quarter of 2022. According to the data of Baichuan Yingfu, as of March 31, the spot prices of monoammonium phosphate and diammonium phosphate were 338333 yuan / ton and 3640 yuan / ton respectively, up 9.73% and 1.11% respectively compared with the end of the previous year.
Wanlian Securities pointed out that considering that during the peak season of China’s phosphate fertilizer demand, production enterprises need to give priority to meeting domestic demand, the current phosphate fertilizer export legal inspection is relatively strict, and it is expected that the sharp rise in overseas phosphate fertilizer prices will be limited to the performance of China’s phosphate fertilizer enterprises in the first quarter. In the second quarter, with the end of the peak demand season in China, the export of phosphate fertilizer is expected to be relaxed, and the export orders of phosphate fertilizer enterprises are expected to improve month on month. On the whole, domestic demand and external demand resonate and superimpose cost support, and the high prospect of phosphate fertilizer is expected to continue in the short term. It is suggested to pay attention to relevant leading enterprises with cost advantages.
Citic Securities Company Limited(600030) said that under the high grain price, the prosperity of the fertilizer sector is expected to continue, focusing on two main investment lines: 1) the global supply gap of potash fertilizer is large in 2022, and the price is easy to rise but difficult to fall. Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) and Qingdao East Steel Tower Stock Co.Ltd(002545) , which are mainly recommended to layout overseas production capacity, are recommended; 2) Under the high overseas cost, the price difference of nitrogen and phosphorus fertilizer outside China continues to widen, and it is optimistic about the appropriate relaxation of China’s fertilizer export in the off-season. It is recommended to recommend Xinyangfeng Agricultural Technology Co.Ltd(000902) and Hubei Yihua Chemical Industry Co.Ltd(000422) , and it is recommended to pay attention to Yunnan Yuntianhua Co.Ltd(600096) , Hubei Xingfa Chemicals Group Co.Ltd(600141) , China xinlianxin fertilizer, Yangmei Chemical Co.Ltd(600691) and CNOOC petrochemical. At the same time, we will focus on China’s unrestricted export of heavy calcium and other products. It is recommended to pay attention to Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) .
global inflation plus risk aversion expectations boosted gold concept stocks Chifeng Jilong Gold Mining Co.Ltd(600988) and other big gains
A gold concept stock is an eight day intraintraday on the 8th day of the 8th day of the 8th day of an eight day intraintraintraday in which the power of a gold concept stock is higher, and as of the release, Chifeng Jilong Gold Mining Co.Ltd(600988) Chenzhou City Jingui Silver Industry Co.Ltd(002716) and other gains were higher.
Everbright Securities Company Limited(601788) pointed out that in order to stimulate the economy after the epidemic, countries have introduced a series of loose policies. Fiscal stimulus policies and interest rate cuts have led to excessive global money, and the money supply is greater than the money demand required for liquidity, which is the underlying reason for the continuous rise of inflation. According to historical data, the price of gold is highly negatively correlated with the real interest rate. At present, the real interest rate of 10-year US bonds has been at a historically low level. When the expectation of interest rate increase by the Federal Reserve has been digested by the market, the inflation expectation data is still high. With weak economic growth, it is expected that the tightening policy lags behind inflation, the real interest rate is difficult to beat inflation, and the price of gold is likely to reach a new high. In addition, with the recent geopolitical risks in Russia and Ukraine exceeding expectations, under the influence of the central bank’s gold purchase behavior, risk aversion has heated up, gold ETF positions have rebounded, and there are obvious signs of rising investment demand.
The agency said that compared with gold, the value fluctuation of gold stocks is also affected by its fundamentals and other factors, resulting in the volatility of the gold index greater than the gold price. When analyzing the performance elasticity, we should focus on the proportion of mineral gold output, the comprehensive cost of controlling gold and the planning of increasing production and storage. As the trend fluctuation of the cost of mining gold relative to the gold price is negligible, the rise of gold price can directly lead to the rise of the profit of mineral gold business, and the performance with high proportion of mineral gold has greater flexibility to the performance of gold price. With a focus on the recommendation of the Chifeng Jilong Gold Mining Co.Ltd(600988) \ international.
digital currency concept is active again Yunnan Nantian Electronics Information Co.Ltd(000948) etc. limit Chutian Dragon Co.Ltd(003040) etc. rise
The concept of digital currency was active again on the 8th. As of press time, Montnets Cloud Technology Group Co.Ltd(002123) , Yunnan Nantian Electronics Information Co.Ltd(000948) limit, Chutian Dragon Co.Ltd(003040) , Hyunion Holding Co.Ltd(002537) , Shenzhen Emperor Technology Company Limited(300546) , etc. rose. It is worth noting that Chutian Dragon Co.Ltd(003040) had been trading up the limit for four consecutive trading days, but fell the limit on April 7.
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. Yi Gang, President of the people’s Bank of China, and fan Yifei, vice president of the people’s Bank of China, attended and addressed the meeting.
The meeting proposed to add six cities (Hangzhou, Ningbo, Wenzhou, Huzhou, Shaoxing and Jinhua) hosting the Asian Games in Tianjin, Chongqing, Guangzhou, Guangdong, Fuzhou and Xiamen in Fujian, and Zhejiang as pilot areas, and Beijing and Zhangjiakou in Hebei Province will be turned into pilot areas after the 2022 Beijing Winter Olympic games and winter Paralympic Games.
Guosheng Securities believes that the current obstacles to the landing of digital RMB have been completely cleared. The significance of digital RMB lies in the construction of a new electronic payment system, which reflects its large policy space. Specifically, this includes: 1. New account system: the digital RMB account system is different from the current account classification system of bank card; 2, the new operation system: 1) the new operation organization / distribution organization: only six state-owned commercial banks, China Merchants Bank Co.Ltd(600036) , network business bank (Alipay) and micro public bank (WeChat payment) and other institutions; 2) New clearing institution: without the direct participation of UnionPay and online Federation, the clearing work is undertaken by the digital currency Research Institute of the central bank; 3) Charging policy for new merchants: currently free; 4) New consumer subsidy means: joint local governments, with the help of government funds, etc; 3. New software and hardware system: Hardware wallet. Different from some market views, the birth of digital RMB only comes from regulatory needs, and there is no market demand. We believe that based on some characteristics of digital RMB, it is expected to “take root” in China’s electronic payment system for a long time, reconstruct the interest chain of electronic payment, and reduce payment service fees for small and medium-sized merchants.
He said he was optimistic about the opportunities brought by the restructuring of the digital payment chain of China’s electronic institutions. Suggestions: 1. Bank acquiring service providers: card transfer, Lakala Payment Co.Ltd(300773) , Newland Digital Technology Co.Ltd(000997) etc; 2. Financial IT / banking service providers: Sinodata Co.Ltd(002657) , Shenzhen Forms Syntron Information Co.Ltd(300468) , Northking Information Technology Co.Ltd(002987) , etc; 3. Security chip company: Unigroup Guoxin Microelectronics Co.Ltd(002049) , Huada electronics, etc; 4. Card dealer: Hengbao Co.Ltd(002104) , Chutian Dragon Co.Ltd(003040) , Wuhan Tianyu Information Industry Co.Ltd(300205) , etc.
