The first two trading days of this week coincided with the closing of the Qingming small holiday. There was a net outflow of funds from the north in the three trading days from Wednesday to Friday, which was relatively consistent with the callback trend of the three indexes.
Data show that the cumulative net outflow of funds from the north this week was 6.557 billion yuan. Among them, the net outflow of Wednesday was 5.321 billion yuan, and the net outflow of Thursday and Friday was 609 million yuan and 627 million yuan respectively.
From the perspective of increasing positions in the industry, this week, banking sector was net bought by northbound funds, reaching 2.988 billion yuan, of which Industrial And Commercial Bank Of China Limited(601398) and Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) were the stocks that were net bought by northbound funds in the sector, and Bank Of Nanjing Co.Ltd(601009) were the stocks that were net sold the most. In addition, photovoltaic equipment and cement building materials ranked second and third in the net purchase of funds from the north this week.
It is worth noting that Longi Green Energy Technology Co.Ltd(601012) in the photovoltaic industry, known as "photovoltaic Mao", was net sold by northbound funds of 645 million yuan this week.
On the evening of April 5, Longi Green Energy Technology Co.Ltd(601012) announced that on April 1, the company received the letter of Yunnan development and Reform Commission on clarifying Longi Green Energy Technology Co.Ltd(601012) relevant electricity prices, and cancelled the preferential electricity price policies and measures enjoyed by the company in Yunnan Province according to the requirements of relevant national departments to clean up the preferential electricity price policies. Since September 1, 2021, all electricity prices of the company have been formed through electricity market transactions and settled directly with power grid enterprises.
According to the Research Report of Kaiyuan securities, in 2021, China's installed capacity of PV increased by 53gw and that of distributed PV increased by 29gw. The new proportion exceeded 50% for the first time, and the cumulative proportion increased steadily to 35.1% from 13.3% in 2016. The rapid development of distributed photovoltaic will make the downstream demand more dispersed. At the same time, the distributed demand is less sensitive to the component price. It depends more on the brand, channel, supply guarantee, after-sales service, company duration and other issues of the reorganization enterprise. Therefore, the voice of the leading companies of integrated components is significantly strengthened, and it is expected to be stronger in the future.
This week, the north capital to the ten largest market capitalization stocks increased, Baijiu, infrastructure, banks were exposed to rain and dew, Kweichow Moutai Co.Ltd(600519) , China Yangtze Power Co.Ltd(600900) , 60003 7 for the north this week, the capital market value of the top three stocks, of which the market value of the change of the proportion of Sany Heavy Industry Co.Ltd(600031) reached 8.2%, the same infrastructure is China State Construction Engineering Corporation Limited(601668) fourth of the sector, the market value of the change ratio also has 6.36%.
What is the logic of pre Festival real estate and post Festival infrastructure Orient Securities Company Limited(600958) said that since March, the epidemic situation has been distributed at multiple points nationwide, and the number of cases in some provinces and cities has increased rapidly. Under the influence of the epidemic, the rhythm of demand recovery has been interrupted, indicating that steady growth requires greater policy support, and the interrupted demand may rebound in the future. As the downward pressure caused by the epidemic intensifies, we believe that the government will further relax policies and strengthen stimulus, and the real estate infrastructure industry chain may be reflected first.
Soochow Securities Co.Ltd(601555) suggests paying attention to investment opportunities in the construction sector from the following three directions:
1. With steady growth and continuous efforts, the prosperity and valuation of infrastructure municipal chain have been improved, and attention has been paid 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) (valuation repair of CNOOC assets), etc.
2. There are bright spots in the demand structure and investment opportunities under the incremental development of new business. 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. The reform direction of state-owned enterprises, focusing on 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.
This week, in addition to the vigorous construction of the big foundation, the market value of Ming Yang Smart Energy Group Limited(601615) among the top ten positions increasing stocks of BEIXIANG capital increased by more than 10% and obtained a net purchase of 583 million yuan from BEIXIANG capital.
In terms of news, it was announced on Ming Yang Smart Energy Group Limited(601615) 4 April 7 that the net profit in the first quarter is expected to be 1.3 billion yuan to 1.55 billion yuan, with a year-on-year increase of 408.02% to 505.72%; The wind power industry as a whole maintained a steady development trend. The company's operating revenue increased year-on-year due to the increase of orders on hand and the increase of the company's fan delivery scale.
So, can the performance exceed expectations make the stock price rise continuously? In this regard, Guosheng Securities said that in 2021, benefiting from the rush of sea wind installation, the delivery scale of the company's offshore wind turbine host increased significantly. According to the statistics of Bloomberg new energy finance, the installed capacity of the company's offshore wind turbine is second only to Shanghai Electric Wind Power Group Co.Ltd(688660) , and far ahead of other competitors. At present, Ming Yang Smart Energy Group Limited(601615) wind turbine has been selected for Qingzhou No.1 and No.2 projects of Guangdong energy group, superimposed with Mingyang's own Qingzhou No.4 project. In the early stage of the development of offshore wind power parity, Mingyang may win more than 1.5gw wind turbine orders, which is far ahead of other competitors and has a stable leading position.
In addition, through the strategic cooperation of Mingyang energy storage Co., Ltd. + 1.9 billion shares, Mingyang energy storage Co., Ltd. (which is expected to form a closed-loop partnership with Haiyang energy storage Co., Ltd. + 1.9 billion shares) + Haiyang new energy storage Co., Ltd. (in 2020, Mingyang energy storage Co., Ltd. is expected to provide a solution for the integration of PCs + EMS) + Haiyang new energy storage Co., Ltd. (it is expected to form a closed-loop partnership with Mingyang energy storage Co., Ltd. + 1.9 billion shares) + Haiyang new energy storage system.
