Today (January 12), the Shanghai and Shenzhen stock markets rose after the high opening, and then the rise fell, and the stock index maintained shock consolidation; With the strength of theme stocks, the stock index gradually rose in the afternoon, and the three major stock indexes accelerated their upward attack at the end of the day, showing a clear view of the strong pattern.
In this regard, Huaan Securities Co.Ltd(600909) pointed out that the restless market in spring is in the process, and the growth allocation is still positive. ① Under the tone of cross cycle adjustment in the first quarter, monetary policy will still release positive signals, the reduction of reserve requirements and interest rates is still expected, and the marginal easing of liquidity will support the growth valuation. ② According to the three-stage deduction of “valuation → performance → valuation” of the growth market, it is currently experiencing a transition period from performance to valuation driven. The adjustment of the growth sector is more benign, and the adjustment time is expected to be between 1-1.5 months. Therefore, spring agitation continues to follow four main lines and is configured around the growth main line.
At the same time, Guosheng securities mentioned that under the policy expectation of stable growth, the market has limited room to fall. It pays close attention to the changes of trading volume and patiently waits for the stabilization confirmation of the index support point. It is suggested to control positions, pay attention to the repair opportunities of new energy and auto parts plates with large adjustment in the near future, the rotation opportunities of active themes such as digital currency, yuancosmos and Winter Olympics, and the stock opportunities expected in the annual report.
plate:
I. new energy vehicles
For the new energy vehicle industry chain, China International Capital Corporation Limited(601995) mentioned that the storm has gone and the spring ploughing market is coming. Standing at the starting point of 2022, the electric vehicle sector fluctuates greatly. We reiterate once again that the demand of the midstream industrial chain of new energy vehicles is highly deterministic, and the technology of leading enterprises and the binding advantages of upstream and downstream of the industrial chain are prominent. At the current time, the plate has reached the bottom area, and we are firmly optimistic about the new energy market in 2022.
Anxin Securities pointed out that it is expected that the traditional vehicle and new energy vehicle industries will improve in an all-round way in 2022. In terms of new energy vehicles, the subsidy policy will keep the technical indicators and threshold requirements unchanged in 2022, but the subsidy scale has not locked the original expected upper limit of 2 million vehicles, and the subsidy will run through the whole year. It is expected that the cost reduction capacity will continue to improve due to the scale expansion and technological progress of new energy vehicles; At the same time, with the implementation of subsidies and the rise of raw material prices, the prices of some models will rise, but the consumer demand will not be reduced. The production and sales of new energy vehicles are expected to continue to grow in 2022. In terms of traditional vehicles, with the continuous improvement of chip shortage, the orders reserved in the early stage are expected to speed up delivery; With the launch of new products by auto enterprises, the demand is released, and the traditional passenger cars are expected to be significantly improved in 2022.
In addition, Shanxi Securities Co.Ltd(002500) said that China’s macroeconomic stability has recovered, China’s automobile market is in the transition stage from the initial stage of popularization to the later stage of popularization, new car sales have gradually shifted from the incremental market to the stock market, and automobile exports have exceeded expectations. At present, the technology of new energy vehicles is gradually mature, and intellectualization gives new energy vehicles more premium space. Compared with fuel vehicles, the price of new energy has a certain cost performance, the industry space has been greatly improved, and there are many structural investment opportunities in the industrial chain.
For stock selection in the automotive industry, it is suggested to pay attention to: first, the vehicle leader with continuous leading market share and perfect product matrix; Second, focus on new energy vehicles and vehicle intelligence, start with the high-quality industrial chain, look for high-quality targets from top to bottom, and pay attention to Tesla industrial chain and lithium battery industrial chain. It is suggested to pay attention to: Saic Motor Corporation Limited(600104) , Guangzhou Automobile Group Co.Ltd(601238) , Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Byd Company Limited(002594) , Xiamen Faratronic Co.Ltd(600563) .
II. concept of prefabricated dishes
Open source Securities said that the prefabricated vegetable industry is in the stage of accelerated development and has broad development space. (1) B end: Prefabricated dishes can effectively reduce the cost of rent, raw materials and labor of catering enterprises, ensure the consistency of chain catering products, and have high operation efficiency; (2) C-end: Prefabricated dishes have high cost performance and good taste, which can effectively reduce the cooking burden of consumers and improve the quality of life. At present, the industry has obvious regional characteristics, the competition pattern is scattered, and it is still in the stage of horse racing and enclosure. In the future, with the gradual release of b-end and C-end demand, the industry has broad development space and a trillion market can be expected.
Shanxi Securities Co.Ltd(002500) also mentioned that the lazy house economy promotes the rapid development of the prefabricated vegetable industry. Chinese households are increasingly dependent on industrialized food production and socialized food supply. Prefabricated dishes simplify the tedious steps of buying, washing, cutting and cooking, integrate quality, nutrition and taste, and cater to the lifestyle of young consumer groups under the fast-paced life. In 2021, the space scale of Chinese prefabricated dishes is expected to reach 340 billion yuan, with a year-on-year increase of 18%. In the next 3-5 years, China’s Prefabricated food industry is expected to become the next trillion catering market.
The agency further pointed out that the explosive growth of takeout not only introduced a steady stream of passenger flow and orders into the catering industry, but also improved the convenience requirements. The decline of young people’s enthusiasm for studying cooking and the rise of women’s enrollment rate and employment rate have greatly reduced the time spent by households in the kitchen compared with the previous decade. Prefabricated dishes that can ensure the taste of dishes have become the first choice for family cooking. Suggestions: 1) specialized manufacturer of prefabricated vegetables: Suzhou Weizhixiang Food Co.Ltd(605089) ; 2) Involved in semi-finished food and beverage enterprises: Guangzhou Restaurant Group Company Limited(603043) , Tongqinglou Catering Co.Ltd(605108) ; 3) Enterprises with food manufacturing business: Fu Jian Anjoy Foods Co.Ltd(603345) , Zhongyin Babi Food Co.Ltd(605338) , Longda food.
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