Key investment points
The number of asymptomatic infections increased by 22000 on April 11, a marginal improvement compared with the daily increase of 25000 on April 10. On April 11, 2022, there were 994 confirmed cases of covid-19 pneumonia and 22348 asymptomatic infections in Shanghai, of which 273 confirmed cases were the outcome of asymptomatic infections, 439 confirmed cases and 21844 asymptomatic infections were found in isolation control, and the rest were found in the screening of relevant risk groups. This is the first decline since 25173 asymptomatic infections were added in a single day on April 10.
It has been 26 days since the grid screening on March 16 to the peak of increasing asymptomatic. On March 16, 2022, Shanghai began to implement grid screening, followed by closed management in Pudong on March 28, closed management in Puxi on April 1, and unified management in the whole city on April 4 and April 6. Since March 16, the number of new asymptomatic infections in the city has shown an increasing trend every day, and reached the daily peak on April 10, lasting 26 days.
From February to March 2022, the epidemic situation in Shenzhen took about 20 days from the peak of a single day to the daily increase to the single digit. The epidemic situation in Shenzhen also started from the variant strain of Omicron. It took about 20 days from the double number of newly confirmed cases in a single day on February 11 to the peak of daily newly added cases on March 3. From the peak to the improvement of the epidemic situation, it also took about 20 days for newly confirmed cases in a single day to fall to single digits.
Investment suggestion: look forward to the recovery of consumption and travel after the epidemic improves. Judging from the newly added cases in Japan, Shanghai has made marginal improvement. It is expected that after the epidemic gradually improves, offline economic activities will open up and the recovery of terminal consumption and travel sector will be expected. It is recommended to recommend tax-free leader China Tourism Group Duty Free Corporation Limited(601888) , and pay attention to investment opportunities in the airport sector, including Shanghai International Airport Co.Ltd(600009) , Guangzhou Baiyun International Airport Company Limited(600004) , Beijing Capital Airport, Meilan Airport, Air China Limited(601111) , etc.
Risk tips: the epidemic situation is repeated, and domestic demand is less than expected
