Today (April 11), the Shanghai and Shenzhen stock markets as a whole showed a pulse pattern of decline, with a panoramic view of the weak. The three major A-share indexes opened low and walked low. They basically showed a unilateral downward trend throughout the day. Among them, the gem index broke the recent low again, and the other two indexes also reported a long negative close.
In this regard, Guotai Junan Securities Co.Ltd(601211) pointed out that buying stocks at present is like "driving in fog", with reduced visibility. It is suggested to select stocks around the certainty of performance. In addition to cycle manufacturing, we should also see that the continuation of the epidemic will also increase the allocation value brought by the supply contraction of some consumer industries.
At the same time, Dongguan Securities pointed out that from the perspective of market environment, internal and external factors such as the rebound of China's epidemic, the continuation of peripheral conflicts and the accelerated contraction policy of the Federal Reserve have formed new downward pressure on China's economy. In view of the impact of the recent epidemic, the national Standing Committee strengthened the relief of micro entities and the protection of employment, and pointed out that it is necessary to make timely and flexible use of a variety of monetary policy tools to give better play to the dual functions of aggregate and structure. It is expected that specific positive policies will be introduced in the future to maintain reasonable and sufficient liquidity and promote the financing increment of small, medium-sized and micro enterprises.
sector:
I. logistics industry
Huafu Securities said that on April 10, the opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market was officially released (hereinafter referred to as the opinions). From the content of the opinions, we believe that the capital market can focus on the following two directions: first, pay attention to the market hard technology enterprise sector. With the release of opinions, capital and policy dividends will further gather in the field of hard technology in emerging industries. New energy, semiconductor, military and other leading enterprises deserve attention. Second, focus on leading commercial circulation enterprises and most enterprises targeting the national market. The opinions further eliminate the factors of regional barriers and provide convenience for circulation enterprises. We can pay attention to leading enterprises in logistics, commerce and other sectors.
Zheshang Securities Co.Ltd(601878) believes that opening up the blocking point is beneficial to the logistics industry. Vigorously developing the logistics industry and promoting the cost reduction and efficiency increase of logistics in the whole society is an important link in the construction of modern circulation network. Breaking through the blocking points and breaking the local protection and market segmentation will help the smooth flow of commodity factor resources in a wider range. For the logistics industry, it means the further expansion of market space and the reduction of operating costs. According to the data of the Ministry of Commerce, in 2020, the total logistics cost of the whole society accounted for 14.7% of GDP, almost twice that of the United States and Japan, so there is much room for cost reduction and efficiency increase. In addition, the opinion points out that "support the construction of digital third-party logistics delivery platform", and the digital empowerment will help logistics enterprises become supply chain enterprises with global influence.
In addition, Anxin Securities pointed out that the epidemic prevention policy began to pay attention to logistics and supply guarantee. The logistics nodes should be opened as much as possible, and the supply guarantee personnel can go out as much as possible. Road freight is prohibited from one size fits all control. It is expected that e-commerce consumption and express logistics will come out of the trough and gradually recover in the near future, and continue to recommend the leading enterprises of express logistics.
II. Agricultural planting
Citic Securities Company Limited(600030) mentioned that the current seed production season is approaching, and the industrialization measures of relevant biological breeding may accelerate the implementation. It is suggested to pay attention to the grain planting sector, and recommend high-quality planting enterprises mainly engaged in rice and wheat Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) . It is suggested to pay attention to the seed industry sector and recommend Beijing Dabeinong Technology Group Co.Ltd(002385) , which has the leading advantage of biological breeding industrialization, and Shandong Denghai Seeds Co.Ltd(002041) , which has high-quality germplasm resources and variety resources.
Northeast Securities Co.Ltd(000686) believes that the global and Chinese grain prices are in a clear upward trend. At this stage, it is suggested to focus on five types of investment targets related to the planting industrial chain: 1) the company's own participation in Shenzhen Agricultural Products Group Co.Ltd(000061) planting directly benefits from the rise of grain prices; 2) The company is mainly engaged in land contracting business, and the rise of grain price is conducive to the increase of land rent; 3) For seed enterprises, the rise in grain prices has high farmers' enthusiasm for planting land, which is conducive to the increase in the share of leading cities (leading companies are more inclined to buy high-priced and high-quality seeds only if their seeds are expensive and their planting income is high); 4) For grain circulation enterprises, the rising stage of grain prices is equal to buying low and selling high. The turnover rate of circulation enterprises is high, and the increase of gross profit margin also has a great impact on net profit; 5) For Shenzhen Agricultural Products Group Co.Ltd(000061) processing enterprises of Tob, the selling price of their products can be directly transmitted to downstream b-end customers, benefiting from the growth of revenue scale.
In addition, Sinolink Securities Co.Ltd(600109) pointed out that in the current environment of rising global food prices and restrictions on food exports in many countries, GM technology is expected to accelerate the implementation. Key recommendations: Yuan Longping High-Tech Agriculture Co.Ltd(000998) : abundant reserves of transgenic technology, Shandong Denghai Seeds Co.Ltd(002041) : corn seeds are expected to increase both quantity and price.
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