Deliver the A-share market information at the first time, observe the market trend, grasp the rise and fall logic and tap investment opportunities.
the UHV concept has strongly raised the limit of Henan Pinggao Electric Co.Ltd(600312) . This year, the investment scale of the state grid may reach 500 billion
Boosted by the good news of the industry, the UHV concept rose strongly on the 12th. As of press time, Henan Pinggao Electric Co.Ltd(600312) , Dalian Insulator Group Co.Ltd(002606) , Guangzhou Baiyun Electric Equipment Co.Ltd(603861) , Shenzhen Asia Link Technology Development Co.Ltd(002316) , Changshu Fengfan Power Equipment Co.Ltd(601700) and Jinguan Electric Co.Ltd(688517) , Xi'An Peri Power Semiconductor Converting Technology Co.Ltd(300831) , Hunan Valin Wire&Cable Co.Ltd(001208) , China Xd Electric Co.Ltd(601179) , Beijing Sifang Automation Co.Ltd(601126) and other increases were ahead.
In terms of news, it is reported that the annual work conference of State Grid Co., Ltd. will be held in the near future. It is predicted that the investment scale this year may reach 500 billion yuan, and the UHV project and power grid digital construction will continue to be promoted as a key point. In 2021, the power grid infrastructure investment of the State Grid will be 402.48 billion yuan.
According to insiders, power grid planning experts preliminarily suggested that the number of UHV projects planned during the 14th Five Year Plan period is about 16, mainly DC lines, which are mainly responsible for transmitting new energy and helping to achieve the goal of "double carbon". Power grid investment has always been an important way of steady growth. The contradiction between power supply and demand in China is prominent. With the rapid increase of power consumption in the eastern coastal areas and the increase of grid connection demand for new energy power generation in the west, UHV power grid continues to usher in incremental demand.
Dongguan Securities pointed out that the eastern coastal area is a key area of power consumption. The local power generation is lower than the power consumption, while the power generation in the central and western regions is more than the local power consumption, and the contradiction between power supply and demand is prominent. With the rapid increase of power consumption in the eastern coastal area and the increase of grid connection demand for clean energy power generation in the west, the new demand of UHV power grid continues to increase. Concerned about the intensive introduction of policies related to UHV power grid construction and the continuous implementation of investment and construction, the orders of UHV appliances are expected to increase and the market scale is expected to expand. As the market structure of UHV electrical appliance industry is stable, it is suggested to pay attention to the leading enterprises Tbea Co.Ltd(600089) , Xj Electric Co.Ltd(000400) , Nari Technology Co.Ltd(600406) with leading core technology industry and high market share.
the biggest demon stock of this week was born Hubei Radio & Television Information Network Co.Ltd(000665) and staged "Earth Sky board" twice in 3 days
In the morning trading on January 12, Hubei Radio & Television Information Network Co.Ltd(000665) closed the trading limit again for three consecutive trading days. Yesterday's Hubei Radio & Television Information Network Co.Ltd(000665) trading closed soon after the opening of today's trading, but soon the trading limit was opened, and the stock price rushed to the trading limit all the way, successfully staged the "Earth Sky board".
It is worth noting that this is Hubei Radio & Television Information Network Co.Ltd(000665) the second time this week. On January 10, Hubei Radio & Television Information Network Co.Ltd(000665) opened the morning trading limit, pulled up the intraday limit, quickly pulled up the trading limit in the afternoon, and staged the "Earth Sky board". On January 11, the concept of meta universe weakened, but the "demon stock" Hubei Radio & Television Information Network Co.Ltd(000665) rose by the limit, with 100000 hands paying the bill. From the basic operation situation, Hubei Radio & Television Information Network Co.Ltd(000665) 2020 suffered a huge loss of 690 million yuan, and another loss of about 200 million yuan in the first three quarters of 2021.
the concept of lithium battery for heavy signal transmission at the new energy track rose Contemporary Amperex Technology Co.Limited(300750) once rose by more than 5%
On January 11, the China Federation of passenger cars issued a report saying that the new energy subsidy policy in 2022 is a great positive. According to the newly released policy, the subsidy scale in 2022 is not locked from the original expected upper limit of 2 million vehicles, and the subsidy will be realized throughout the whole year of 2022.
Boosted by this news, the new energy track plates such as new energy vehicles, lithium batteries and automobile chips have collectively risen. As of press time, the new energy vehicle plates, Shenzhen Dynanonic Co.Ltd(300769) , Guoanda Co.Ltd(300902) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) have increased ahead; In terms of lithium battery concept, Zhejiang Huayou Cobalt Co.Ltd(603799) rose by the limit, Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) and others once rose by more than 5%.
The Council pointed out that according to the newly released policy, the framework and threshold requirements of the current purchase subsidy technical index system will remain unchanged in 2022, and the subsidy scale is not locked from the original expected upper limit of 2 million vehicles, which will realize the subsidy throughout the whole year of 2022. With the doubling of the scale of the new energy industry chain and the improvement of cost reduction ability, it is expected that the increment of new energy vehicles will be strong by the end of 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.
the tourism and catering sector strengthened Xi'An Qujiang Cultural Tourism Co.Ltd(600706) and other price limits. The Winter Olympic Games is approaching the warming of ice and snow tourism
The tourism, hotel and catering sectors rose intraday on the 12th. As of the press release, the tourism sector, Xi'An Qujiang Cultural Tourism Co.Ltd(600706) rose by the limit, Guilin Tourism Corporation Limited(000978) , Utour Group Co.Ltd(002707) , Caissa Tosun Development Co.Ltd(000796) , Changbai Mountain Tourism Co.Ltd(603099) , Tibet Tourism Co.Ltd(600749) and so on; In terms of hotel catering sector, Tongqinglou Catering Co.Ltd(605108) limit, Xi'An Catering Co.Ltd(000721) , Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Huatian Hotel Group Co.Ltd(000428) and so on all rose.
In terms of news, less than a month after the opening of the Beijing Winter Olympic Games, ice and snow sports catalyzed by the Winter Olympic Games have attracted market attention. In the opinions on vigorously developing Korean ice and snow sports by taking the opportunity of the 2022 Beijing Winter Olympic Games issued by the State Council in 2019, it is proposed to vigorously popularize mass ice and snow sports, widely carry out youth ice and snow sports, and accelerate the development of ice and snow industry. Recently, China Tourism Research Institute released the development report of China's ice and snow tourism (2022). Stimulated by the supply and demand of Beijing Winter Olympic Games, the return of ice and snow outbound tourism, the upgrading of tourism consumption and the national layout of ice and snow facilities, it is expected that the number of ice and snow leisure tourists in China will reach 305 million in the ice and snow season from 2021 to 2022, and the income of ice and snow leisure tourism in China is expected to reach 323.3 billion yuan. According to the flying pig data, since December, ice and snow themed tour bookings across the country have maintained an average weekly growth of 46%, and rich and diverse ice and snow activities have become the most popular leisure tourism project this winter.
In addition, according to the data of Haikou customs, the amount of duty-free shopping on outlying islands supervised during the three-day holiday was 600 million yuan, a year-on-year increase of 9.7%; The number of shopping pieces was 739000, a year-on-year increase of 9.74%; Per capita consumption was 9740 yuan, a year-on-year increase of 12%. Under the background of repeated outbreaks in China, the tax-free data on New Year's day still achieved year-on-year growth. On the one hand, there was a strong demand for tourism consumption during the small and long holidays on New Year's day. On the other hand, duty-free retailers such as China tax exemption and overseas tourism investment increased their activities to tap the consumption potential, driving a significant increase in per capita consumption. In 2021, with the continuous fluctuation of the epidemic situation in China, the total sales of duty-free shops on outlying islands reached 60.2 billion yuan, a year-on-year increase of 84%, and the duty-free sales of lifting workers reached 50.5 billion yuan, a year-on-year increase of 83%.
Dongguan Securities pointed out that under the influence of the Winter Olympics and the local Chinese new year policy, the Spring Festival epidemic prevention policy may be tightened, but China's covid-19 vaccination is close to 2 doses per capita. Academician Zhong Nanshan said that China has achieved a certain degree of mass immunization in theory. In the long run, covid-19 pneumonia shows an influenza trend and the expectation of epidemic control is high, The restrictions on inbound and outbound tourism are expected to be initially relaxed in the second half of 2022. In terms of tax exemption, the number of civil aviation flights in Hainan has rebounded rapidly driven by migrant tourists, which is close to the level before the outbreak of the epidemic in early 2020. It is recommended to pay careful attention to the tax-free leader China Tourism Group Duty Free Corporation Limited(601888) with low valuation due to the arrival of peak season, medium and long-term consumption upgrading and consumption return; Franchise stores account for a relatively high proportion, leading chain hotels with stable performance Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Btg Hotels (Group) Co.Ltd(600258) , etc.
bank performance reports one after another. Institutions suggest that investment logic grasp three main lines
This week, five banks, including Industrial Bank Co.Ltd(601166) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Bank Of Jiangsu Co.Ltd(600919) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and China Citic Bank Corporation Limited(601998) , disclosed their performance letters for 2021. The performance growth of these five banks is gratifying, the proportion of loans has been significantly improved, and the loan quality has been significantly improved.
Everbright Securities Company Limited(601788) pointed out that the disclosed performance letters of listed banks in 2021 performed well. As of January 11, four banks, namely Societe Generale, Sunong, Jiangsu and Changshu, had issued performance express reports. On the whole, they showed the following characteristics: first, the revenue growth rate was generally stable, and the profit growth rate was higher than that of 3q21; Second, the asset quality continued to improve, with the non-performing rate slightly down or flat quarter on quarter. At the same time, the provision coverage increased quarter on quarter, and the risk offset ability was enhanced.
For the investment logic of bank stocks, it is recommended to focus on three main lines in the first quarter: 1) the rebound main line brought by the weakening of real estate risk suppression. With the restoration of pessimism in the real estate market, the listed banks that were obviously impacted by the real estate market in the early stage have been adjusted, and the bottom trend of stock price is more obvious, which is expected to obtain excess returns in the future. Focus on Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , China Merchants Bank Co.Ltd(600036) .
2) the main line of sound operation of high-quality regional local banks. High quality listed banks in Jiangsu and Zhejiang are recommended. These banks benefit from the improvement of regional economic environment. In the future, credit supply is expected to continue "volume increase and price stability", and are expected to maintain high-quality asset quality. Focus on Bank Of Chengdu Co.Ltd(601838) , Bank Of Hangzhou Co.Ltd(600926) , Bank Of Jiangsu Co.Ltd(600919) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Bank Of Nanjing Co.Ltd(601009) .
3) the main line of "Touyan" bank with stable credit supply in the beginning of the year. When the problem of insufficient effective demand may continue, the credit extension may evolve from a "good start" to a "differentiated" division at the beginning of 2022. In the beginning of the year, the bank is expected to give play to the "head goose" effect, focusing on Postal Savings Bank Of China Co.Ltd(601658) , China Construction Bank Corporation(601939) .
the 14th five year plan for water security is issued, and the power of water conservancy infrastructure is imminent (with shares)
According to the official website of the national development and Reform Commission, recently, with the consent of the State Council, the national development and Reform Commission and the Ministry of water resources jointly issued the water security plan for the 14th five year plan. The plan defines the main objectives and key tasks of water security during the 14th Five Year Plan period. By 2025, the ability to prevent flood and drought disasters, the ability to save, intensively and safely use water resources, the ability to optimize the allocation of water resources, the ability to protect and manage rivers and lakes will be further strengthened, and the national water security guarantee ability will be significantly improved. The plan also looks forward to the goal of water security in 2035. There are eight key tasks for water security in the 14th five year plan: first, implement the national water-saving action and strengthen the rigid constraints on water resources; Second, strengthen the construction of major water resources projects and improve the ability of optimal allocation of water resources; Third, strengthen the construction of weak links in flood control and improve the capacity of flood control and disaster reduction in the basin; Fourth, strengthen water and soil conservation and river and lake regulation, and improve the ability of water ecological environment protection and control; Fifth, strengthen the construction of agricultural and rural water conservancy and improve the guarantee ability of Rural Revitalization of water conservancy; Sixth, strengthen the construction of intelligent water conservancy and improve the level of digitization, networking and intelligence; Seventh, strengthen the reform of key areas of water conservancy and improve the innovation and development capacity of water conservancy; Eighth, strengthen water conservancy management and improve the modernization level of water treatment.
Guotai Junan Securities Co.Ltd(601211) believes that steady growth will be the focus of economic work in 2022. As one of the important infrastructure fields, water conservancy has the characteristics of strong social benefits, large investment absorption and long industrial chain. The development of water conservancy is expected to fully boost demand, create employment and make an important contribution to achieving the goal of steady growth. In combination with the work deployment of the central government and the Ministry of water resources, water conservancy will focus on the construction of major projects such as national water network and basin flood control and the improvement of smart water conservancy in 2022. In terms of medium and long-term planning, during the 14th Five Year Plan period, water conservancy construction will achieve high-quality development from the four investment directions of flood control, water supply, intelligent water conservancy and ecological restoration. Its investment growth rate is expected to enter a new round of growth period driven by the accelerated implementation of 150 major water conservancy projects.
Water conservancy construction is conducive to the fields of construction (Engineering and Design) and building materials (pipe, waterproof and cement). The regional leaders in southwest, South China and East China have greater flexibility. Intelligent water conservancy recommends China Railway Group Limited(601390) with integration advantages. Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Jsti Group(300284) , China Liansu, Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) , Huaxin Cement Co.Ltd(600801) , China Railway Group Limited(601390) are recommended.
