In early trading today, the overall low opening of A-Shares was slightly sorted out. The performance of gem index and Kechuang 50 index was weak, with the lowest intraday decline of about 2%.
On the disk, real estate, steel, coal, commercial chain and other sectors led the increase, while electrical equipment, lithium extraction from Salt Lake, industrial mother machine, yuancosmic and other sectors led the decline.
Real estate profit
The real estate sector rose rapidly after opening slightly lower in the morning, and the sector index rose more than 3% again, leading the two cities Chongqingyukaifaco.Ltd(000514) strong limit, which is the third consecutive limit in recent days, and the share price has reached a new high in three years Beih-Property Co.Ltd(600791) also rose the limit for three consecutive years, and the share price hit a new high in more than four years Tande Co.Ltd(600665) , Jinke Property Group Co.Ltd(000656) and others also rose against the trend.
Driven by the overall sharp rise of real estate stocks, real estate ETF funds have also increased significantly. Among the top five ETF funds, four are related to real estate. Among them, the real estate ETF (159768) rose by more than 4% at one time, and the name rose the first. Since the low point in mid March, the ETF fund has risen by more than 40%.
The sharp rise in real estate is due to the good profits of the industry.
This morning, the latest data released by the Bureau of statistics showed that in March, among the 70 large and medium-sized cities, the sales prices of new commercial houses and second-hand houses decreased month on month in 38 and 45 cities respectively, 2 and 12 less than the previous month. In March, the sales price of new commercial housing in first tier cities increased by 0.3% month on month, of which Beijing, Shanghai and Shenzhen increased by 0.4%, 0.3% and 0.8% respectively, and only Guangzhou decreased by 0.1%; Second hand housing in first tier cities increased by 0.4% month on month, of which Beijing, Shanghai and Guangzhou increased by 1.2%, 0.4% and 0.3% respectively, while Shenzhen decreased by 0.3%.
Yesterday, the people’s Bank of China held a press conference on financial statistics for the first quarter of 2022 to respond to many hot issues.
Zoulan, director of the financial market department of the people’s Bank of China, said that after Evergrande’s risk became explicit, financial institutions had a short-term stress response. The people’s Bank of China actively guided commercial banks to pay more attention to the repayment ability of the construction project itself, maintain the stable release of development loans, and meet the reasonable financing needs of real estate construction projects. Compared with the fourth quarter of last year, the average monthly increase of national real estate development loans in the first quarter of this year was about 150 billion yuan. Compared with the scale of new houses under construction in the same period, the balance of development loans was also at a high level.
In addition, more than ten municipal and state banks in Suining, Leshan, Yibin, Bazhong, ABA and other cities in Sichuan have reduced the mortgage interest rate one after another. The minimum interest rate for the first house has been reduced to 4.9%, and the minimum interest rate for the second house has been reduced to 5.4%. Since March, due to the weakening of market demand, banks in more than 100 cities across the country have independently lowered mortgage interest rates according to market changes and their own business conditions, with an average range of 20 to 60 basis points.
Soochow Securities Co.Ltd(601555) believes that a new round of more in-depth relaxation of the national real estate market has been started, and it is expected that more cities with depressed markets will strengthen the deregulation. In addition, the current demand side policy adjustment is more frequent. Considering that the real estate situation is still not optimistic, many real estate enterprises are facing a liquidity gap, stabilizing the economy needs to stabilize the real estate, and supply side improvement policies may be issued in the future.
It is suggested to pay attention to: 1) the leading real estate enterprises with high credit in the field of rental housing: Poly Developments And Holdings Group Co.Ltd(600048) , China Vanke Co.Ltd(000002) , Longhu group, China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , China overseas development; 2) Real estate post cycle property management company: Poly property, China Merchants Property Operation & Service Co.Ltd(001914) , Xuhui Yongsheng service.
coal stocks outperformed expectations
The continuous high price of coal makes the listed coal companies earn a lot. According to the statistics, before today, nine listed coal companies have predicted the performance of the first quarter of 2022, all of which have increased year-on-year. The Jizhong Energy Resources Co.Ltd(000937) net profit with the highest growth rate increased by 483.98% – 515.05% year-on-year.
Today, many coal enterprises released excellent performance forecasts for the first quarter of 2022 at the same time, pushing the market of coal stocks to a climax again Shanxi Coking Coal Energy Group Co.Ltd(000983) net profit in the first quarter is expected to reach 2.32 billion yuan to 2.593 billion yuan, with a year-on-year increase of 155% – 185% Shanxi Coking Coal Energy Group Co.Ltd(000983) morning trading limit, the share price hit a new high this year.
Shanghai Datun Energy Resources Co.Ltd(600508) also expects to realize a net profit of 750800 million yuan in the first quarter of 2022, with a year-on-year increase of 290.63% – 316.67%. Even if calculated at a minimum of 750 million yuan, Shanghai Datun Energy Resources Co.Ltd(600508) the profit in the first quarter of this year alone is twice that of last year (373 million yuan) Shanghai Datun Energy Resources Co.Ltd(600508) morning trading limit, as of noon closing, only about 4.9 million shares were traded, but there were more than 400 million shares waiting to be traded on the trading limit.
Pingdingshan Tianan Coal Mining Co.Ltd(601666) it is expected to realize a net profit of 1.63 billion yuan in the first quarter, with a year-on-year increase of 199.4% Pingdingshan Tianan Coal Mining Co.Ltd(601666) also touched the daily limit in the morning trading. The share price reached a new high in more than 12 years and has risen by more than 100% since this year alone. Previously, Pingdingshan Tianan Coal Mining Co.Ltd(601666) has risen for three consecutive years. Due to the excessive cumulative increase, Pingdingshan Tianan Coal Mining Co.Ltd(601666) gradually dropped after touching the limit.
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) also expects the net profit in the first quarter to increase by about 136.6% year-on-year. Due to the planning of issuing shares to buy assets, the trading has been suspended since Monday. Driven by the collective rise of pre added shares, the coal sector rose nearly 4% in early trading, a 14-and-a-half-year high since October 2007, just one step away from the historical peak. Coal ETF also rose more than 4% in the session, also approaching the highest point in history.
Huajin Securities pointed out that according to the first quarter report forecast currently released, the first quarter performance of each coal enterprise exceeded market expectations. In the future, as listed companies release their performance one after another, the dynamic valuation of the sector is still low, and there is some room for repair. In addition, at present, the profitability of listed companies is high, the capital expenditure is declining, and the valuation level is generally lower than that of other industries. High dividends are worth looking forward to. For the coal sector, investors can participate in the coal stock market through the one key layout of coal ETF (515220). However, we should also pay attention to the changes of regulatory policies, especially in terms of prices.
