real estate industry receives heavy policy support
This week, the A-share market fluctuated downward, and the Shanghai index fell 1.25% a week. Northbound funds returned a small amount this week, with a net purchase of 9.137 billion yuan on Tuesday, the highest net purchase of the month. In terms of transaction amount, the total amount of capital transactions going north this week increased, and the total amount of transactions returned to above 100 billion yuan on Tuesday.
From the perspective of the industry, the number of sectors to increase the positions of funds going north this week has increased, and the theme of “stable growth” continues to be favored by funds going north, with the largest month on month increase in the holdings of real estate, banking and architectural decoration industries. The steel sector was cold, with the largest month on month decline in shareholding, and agriculture, forestry, animal husbandry and fishery, media and automobiles were reduced by funds going north.
The real estate sector continued to make efforts near the weekend, rising 4.17% on Thursday and Friday. Before the rise of the sector, the funds for going north were latent in advance, and the shareholding volume in the three trading days increased by 6.24% month on month, the largest increase this week.
Recently, there have been frequent positive policies for real estate. On Monday, the three ministries and commissions jointly issued the notice on further supporting the healthy development of listed companies, adhering to the principle of “housing, housing and non speculation”, and supporting listed real estate enterprises to actively transform to a new development model in accordance with laws and regulations; Previously, both the government work report of the two sessions and the Jin Wen meeting proposed to “explore a new development model of real estate”; On Friday, the central bank announced that it would comprehensively reduce the reserve requirement by 0.25 percentage points and continue to make steady growth. From a local perspective, Nanjing and Suzhou loosen restrictive policies such as purchase and sales restrictions, and all localities implement policies to meet the overall requirements of stable growth.
Haitong Securities Company Limited(600837) believes that the overall RRR reduction has a certain positive effect on the sales of the real estate industry. Compared with the two rounds of comprehensive RRR reduction cycles in 2008 and 2015, the industry sales recovered after the two rounds of comprehensive RRR reduction, lasting for about one year. The third RRR reduction in the sixth round of RRR reduction cycle in April 2022 is not only a comprehensive RRR reduction, but also the industry policy has been gradually relaxed. Therefore, the RRR reduction is expected to have a positive impact on the industry’s capital and sales in the future
In terms of market situation, this week’s northbound funds increased positions against the market in many industries, and most of the industries with better growth were reduced by northbound funds. Among the industries with a weekly decline of more than 5%, the shareholding of power equipment, building decoration and building materials increased, and all increased their positions for three consecutive weeks. At the same time, the capital went north to choose a high position to sell the individual stocks of coal, food and beverage, commerce and retail with better performance this week.
In terms of the continuity of capital flow, the holdings of funds in medicine, biology, environmental protection and social services have been going north for five consecutive weeks, and the popularity of carbon neutralization topics has decreased. The environmental protection industry index fell by 5.2% a week, leading the decline. The sector has fallen continuously since March, and 19 concept stocks have fallen by more than 30% in the year.
northward capital return blue chips
According to the statistics of securities times · databao, a total of 29 shares were listed on the list of active capital transactions in the north this week. In terms of their industries, the total trading volume of electrical equipment, food and beverage and banking industries exceeded 5 billion yuan. Recently, many blue chips with heavy positions in the early stage have returned from Beishang capital, and Kweichow Moutai Co.Ltd(600519) , Contemporary Amperex Technology Co.Limited(300750) , Midea Group Co.Ltd(000333) have been increased by Beishang capital this month.
Kweichow Moutai Co.Ltd(600519) recently received a small increase in the position of northbound capital. Since this month, the shareholding has continued to rise, with the highest net purchase in a week, reaching 620 million yuan. Kweichow Moutai Co.Ltd(600519) share price rebounded continuously during the period of capital increase in the north, with a cumulative increase of 6.86% in the past three weeks. In addition to Kweichow Moutai Co.Ltd(600519) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Luzhou Laojiao Co.Ltd(000568) also received a small net purchase from northbound capital.
According to the statistics of databao, from the perspective of increasing positions, there were 19 shares with a month on month increase of more than 50% this week. The largest month on month increase was Zhe Jiang Li Zi Yuan Food Co.Ltd(605337) . Northbound capital recently held 366300 shares, with a month on month increase of 278%; Followed by Jiangxi Xinyu Guoke Technology Co.Ltd(300722) , Black Peony (Group) Co.Ltd(600510) , Chongqing Baiya Sanitary Products Co.Ltd(003006) , with a month on month increase of 152.45%, 149.28% and 139.91%.
Zhe Jiang Li Zi Yuan Food Co.Ltd(605337) continued to rise this week. The first daily limit of the year was harvested on Tuesday, with a weekly increase of 15.39%. In the performance express of the company in 2021, it is expected to realize the net profit attributable to the parent company of 2.624 billion yuan, with a year-on-year increase of 22.31%. This is mainly because the company strengthened the construction of market channel network and accelerated market development during the reporting period, resulting in increased sales.
11 shares were significantly reduced by northbound capital, and the shareholding decreased by more than 50% month on month. The shareholding of northbound capital of Jiangxi Fushine Pharmaceutical Co.Ltd(300497) , Shenzhen Bioeasy Biotechnology Co.Ltd(300942) , China Wuyi Co.Ltd(000797) decreased by 81.40%, 73.61% and 69.12% respectively.
northbound capital has increased its position in only 11 stocks for seven consecutive weeks
According to the statistics of data treasure, 11 shares obtained the capital to go north and increased their positions for seven consecutive weeks. Among them, the latest positions of Petrochina Company Limited(601857) , Nari Technology Co.Ltd(600406) , Sungrow Power Supply Co.Ltd(300274) , Titan Wind Energy (Suzhou) Co.Ltd(002531) and Titan Wind Energy (Suzhou) Co.Ltd(002531) are more than 100 million shares.
In terms of the market, the continuous positions of northbound capital in individual stocks were generally corrected this week, and the new energy power generation sector fell significantly, Sungrow Power Supply Co.Ltd(300274) , Titan Wind Energy (Suzhou) Co.Ltd(002531) and Titan Wind Energy (Suzhou) Co.Ltd(002531) all fell by more than 10% Petrochina Company Limited(601857) , Lao Feng Xiang Co.Ltd(600612) , Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited(600332) are relatively resistant to decline, and the cumulative decline is controlled within 2%.
Most of the long-term positions of northbound capital have the characteristics of undervalued value and stable profit growth. The long-term overweight stocks in the disclosed annual report achieved profit growth, Amlogic (Shanghai) Co.Ltd(688099) , Petrochina Company Limited(601857) with a year-on-year increase of more than 300%. In terms of valuation, the latest rolling P / E ratio of Petrochina Company Limited(601857) , Lao Feng Xiang Co.Ltd(600612) , Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited(600332) , Xianhe Co.Ltd(603733) is less than 15 times.
Statement: all information contents of databao do not constitute investment suggestions. The stock market is risky and investment should be cautious.
