p align = “center” trend of cement building materials sector
The “total infrastructure investment in 2022 will reach 14.8 trillion yuan” of network heat transmission detonated the hot market of infrastructure concept. Although some experts said that there was no clear announcement of the investment amount at present, and this online news was only the conclusion drawn by a self media after simply adding the investment amount announced by various provinces, the rising market of infrastructure concept stocks did not stop because of the subsequent “rumor refutation”.
The reporter of Huaxia Times noted that the cement building materials sector and engineering construction sector have increased significantly in recent 30 days, and even some stocks staged the scene of “eight days and seven boards” because of the concept of accurately stepping on the middle.
At present, the official has not announced the total national infrastructure investment in 2022, but the reporter of Huaxia times learned that since the beginning of 2022, the official has proposed to “moderately advance infrastructure investment” at least twice. Some voices in the market believe that infrastructure investment is an important driving point under the background of the current downward trend of real estate.
cement building materials sector and engineering construction sector rose continuously
On April 14, Xinjiang Communications Construction Group Co.Ltd(002941) (Stock Code: Xinjiang Communications Construction Group Co.Ltd(002941) ) rose the limit to close at 18.41 yuan / share, with a monthly increase of 20.72%. According to public information, Xinjiang Communications Construction Group Co.Ltd(002941) is a company mainly engaged in road and bridge construction.
On the same day, another stock touched the daily limit, Guangdong Sanhe Pile Co.Ltd(003037) (Stock Code: Guangdong Sanhe Pile Co.Ltd(003037) ), which closed at 12.24 yuan / share, with a monthly increase of 13.86% Guangdong Sanhe Pile Co.Ltd(003037) mainly engaged in the R & D, production and sales of prestressed high-strength concrete pipe pile products, which are widely used in highway, railway, civil construction and other fields.
Although Xinjiang Communications Construction Group Co.Ltd(002941) and Guangdong Sanhe Pile Co.Ltd(003037) do not belong to the same industry sector, they are closely related to the current popular concept of infrastructure. Xinjiang Guotong Pipeline Co.Ltd(002205) (Stock Code: Xinjiang Guotong Pipeline Co.Ltd(002205) ), who stepped on the concept of infrastructure and logistics of CUHK, staged the scene of “heaven and Earth Sky board”, and there were 7 daily limit boards in 8 days. On April 13, Xinjiang Guotong Pipeline Co.Ltd(002205) stock’s rising sentiment gradually returned to warm, but it still rose by 2.45% as of the closing. The turnover of the whole day reached 2.1 billion yuan, and the turnover rate was nearly 60%.
Move the timeline forward. In October 2021, the share price of Xinjiang Guotong Pipeline Co.Ltd(002205) was about 6.36 yuan / share. In this way, in half a year, Xinjiang Guotong Pipeline Co.Ltd(002205) accumulated the highest increase of more than 200%. Public information shows that Xinjiang Guotong Pipeline Co.Ltd(002205) ‘s main business is PCCP pipes, and its revenue accounts for about 90% of the total revenue. PCCP pipes are important materials in key water transmission and distribution projects, large and medium-sized urban water transmission backbone networks and other fieldsP align = “center” Xinjiang Guotong Pipeline Co.Ltd(002205) “tiantianban” market. Image cut from
After consulting the public data, the reporter of Huaxia times learned that as of the end of March, the A-share engineering construction sector and cement building materials sector rose for two consecutive months, with the highest monthly increase of 12.38% and 7.61%. In the past week, the trend of infrastructure concept stocks and related sectors was unstable, but they were still at a high level compared with the beginning of the year.
In view of the volatile market of infrastructure concept stocks and related industry sectors in recent week, An analyst of a head securities company told the reporter of Huaxia times: “The stock and industry sectors related to infrastructure are in the process of repeated activity. Since the end of 2021, the institution has increased the investigation of infrastructure concept stock companies. Since the beginning of the year, the stock price has increased rapidly in February, March and early April. Affected by the overall trend of the market, it is normal for individual trading days to fall. In terms of performance, the revenue of most enterprises has increased, the performance has improved, and the growth rate of infrastructure investment has also increased The rising price. “
infrastructure investment ranks first in many provinces or cities
A week ago, a rumor about the concept of infrastructure became the “fuse” of this wave of market. On April 7, “China’s total investment in infrastructure will reach 14.8 trillion yuan” spread in the market. At the same time, brokerage institutions also began to be bullish on the concept of infrastructure at the same time, adding “firewood” to the concept of infrastructure stocks again. Huachuang Securities pointed out in the Research Report: “stability will become the main line of economic development that can hardly be shaken in 2022. Especially under the influence of multiple pressures such as the epidemic, real estate and consumption, the realization of the 5.5% GDP growth target needs more infrastructure.”
After inquiring about the investment plans released by local governments, the reporter of Huaxia times learned that up to now, about 20 provinces have released the target growth rate of fixed asset investment in 2022, with an average growth rate of 8.1%, an increase of about 1.1 percentage points over the previous year.
In addition, up to now, about 26 provinces have announced major projects in 2022, with a total investment of about 14.1 trillion yuan, a year-on-year increase of 12.4%. The reporter of Huaxia Times noted that the proportion of infrastructure investment is in the forefront in many provinces or cities. Taking Hebei Province as an example, its total investment in 2022 is 1.12 trillion yuan, while there are 37 major infrastructure projects, with a total investment of 262.07 billion yuan. The projects mainly involve energy, transportation, water conservancy, etc.
However, as of press time, the reporter of Huaxia times has not found the relevant plans officially released to increase infrastructure investment in 2022. Some voices in the market said that the value of “14.8 trillion yuan” may be a misreading. The investment plan was announced, but some projects could not be implemented within the year.
However, in early February 2022, the relevant person in charge of the national development and Reform Commission said: “there are many uncertain factors in the first quarter of this year. It is necessary to move the policy force forward appropriately, so as to make early arrangements, start early and achieve early results, so as to meet various challenges with a stable economic operation situation.”
The government work report on March 5 pointed out that in 2022, we should actively expand effective investment, moderately advance infrastructure investment, and build key water conservancy projects, comprehensive three-dimensional transportation network, important energy bases and facilities. After the release of the above news, the market has responded. There was a wave of rise in the concept of infrastructure in February and early March 2022.
Yang Delong, chief economist of Qianhai open source fund, told the Huaxia times: “there are rumors in the market that there may be a large-scale infrastructure investment plan, but it has not been released yet. However, increasing infrastructure investment, including new infrastructure and traditional infrastructure, is an important aspect of steady growth.”
took over the “baton” of real estate
At the end of February 2022, investor Yang Ming (a pseudonym) took the opportunity to clear his position in real estate stocks because he was “not optimistic about the performance and investment capacity of real estate enterprises this year”. Subsequently, under the positive influence of the news, infrastructure concept stocks began to rise, and Yang Ming also bought a number of related stocks at the same time.
Yang Ming explained his investment logic to the reporter of Huaxia times: “one is that the government proposes to be moderately ahead of schedule, and the other is that infrastructure can carry the banner of investment in the case of real estate recession.” At least so far, Yang Ming’s “treasure” is right.
In fact, before the rise of infrastructure concept, the real estate sector “unexpectedly” experienced a sharp rise, but the subsequent decline trend also came quickly. From March 16 to April 6, the A-share real estate development sector fell in only two trading days, and the highest daily increase of the whole sector reached 4.87%. However, at that time, the real estate enterprises were in the disclosure period of the annual report, the revenue and net profit of many real estate enterprises fell sharply, and many real estate enterprises had “dystocia” in the annual report of Hong Kong stocks. At the same time, the sales data of real estate enterprises in the first quarter was weak, and the sales of more than 80% of the top 100 real estate enterprises decreased year-on-year. Therefore, the sharp rise of the real estate sector in the context of the “cold spring” of the industry appears to be “particularly magical”.
Real estate and infrastructure are also closely linked. In Yang Delong’s view, multi City real estate policy regulation has been relaxed frequently, and investors have more expectations for loose real estate regulation, which may drive the rise of the real estate sector to a certain extent.
However, in the past seven trading days, the real estate sector as a whole showed a sharp downward trend, with a decline of 5.45% in the past seven days, while infrastructure took over the “baton” to get out of the rising market. In the view of the industry, this is because after the expectation of loose policy, investors began to think about whether real estate can become an engine to stimulate investment.
