Today (April 26), the Shanghai and Shenzhen stock markets opened high across the board. After the initial inertia fell, they gradually rose in shock. Near noon, the three major stock indexes showed a wave of upward attack; In the afternoon, the stock index rose and fell, accelerated diving in the late afternoon, and the weak pattern was seen at a glance.
In this regard, Aijian Securities pointed out that this region should not be too pessimistic, the management's care intention is obvious, and there is no doubt about the policy bottom, but the pressure of short-term release of emotion is large, and the economic growth rate has not deteriorated beyond expectations. Therefore, there is no need to worry too much about the economic bottom, but the repair of the market still needs time.
At the same time, Guosheng Securities said that the current market is still in the bottom grinding stage and the verification period of the steady growth policy. The current market needs time to go to the bottom. In such an environment with low profit-making effect, hold your hand and calm down, wait for the policy to be further clarified, and then slowly regain confidence. It is suggested to pay attention to position control, pay attention to the infrastructure and real estate sectors related to the main line of stable growth, and the necessary consumption sector under the recovery of the post epidemic situation.
sector:
I. heparin concept
One child has been reported dead as cases of acute hepatitis of unknown origin have increased among children, the who said Wednesday. According to statistics, a total of 12 countries have reported at least 169 cases of children, of which 114 cases occurred in the UK. As of April 21, in addition to the UK, the countries reporting cases also include the United States, Spain, Israel, Denmark, Ireland, the Netherlands, Italy, Norway, France, Romania and Belgium.
Some institutions pointed out that China is the country with the heaviest burden of liver disease in the world, with 90million hepatitis B virus (HBV) carriers, 10million hepatitis C virus (HCV) carriers, 170310million patients with nonalcoholic liver disease and 7million patients with liver cirrhosis. Given that liver disease has a large number of unmet treatment needs, the market space of innovative drugs is worth looking forward to. Many companies in the world and China have arranged this field. It is suggested to pay attention to the leading companies of innovative drugs for liver disease.
Tianding Securities said that the market entered the short-term emotional freezing point + height board, and looked at the rebound in the short term and paid attention to opportunities. In addition, pay attention to the investment opportunities of related drugs caused by hepatitis cases in the short term.
II. Project construction
Soochow Securities Co.Ltd(601555) pointed out that the central bank has issued 23 anti epidemic financial measures to give advanced support to real estate, urban investment and construction enterprises. In March, infrastructure continued to rise. Although the downward trend of real estate has not been reversed, the positive effects are accumulating. From the perspective of Zhengzhou, which relaxed significantly earlier, the transaction data has not been significantly reflected, and the forward-looking indicators such as the volume of views have been significantly improved. We believe that due to the impact of the epidemic and inflation, the recovery of fundamentals may be slow and tortuous, but the gradual recovery of performance growth in the next four quarters is a high probability. As a core variety in the investment chain, building materials need more attention, whether it is cyclical or growing.
In addition, China Merchants Securities Co.Ltd(600999) mentioned that at present, the cost side is still high, and the delivery is affected by the epidemic. The profitability of the consumer building materials sector is still under pressure in the short term. We continue to wait for the fundamental inflection point. Considering the resumption of work after the epidemic is alleviated and the early price rise is transmitted to the terminal, we pay attention to Q2 or the inflection point. In the medium term, the risks of the real estate chain are gradually released, and the room for the rise of raw material prices is limited. With the enhancement of the scale effect of high-quality leaders (national capacity and channel construction), channel reform (overweight small B or C), product structure optimization (category expansion or system integration), the endogenous growth momentum still exists, and the impact brought by upstream and downstream industrial factors may be gradually weakened. In the long run, the clearing of the consumer building materials market will be accelerated, the industry concentration will continue to improve, and the competition pattern will be further optimized. Continue to recommend the leader of the first echelon of the strong HENGQIANG, and pay attention to the dilemma reversal of the second tier leader who underestimates the value.
Gf Securities Co.Ltd(000776) said he was optimistic about the recovery of infrastructure investment in 2022. In terms of the company, it is suggested to pay attention to several main lines: (1) undervalued construction central enterprises: China State Construction Engineering Corporation Limited(601668) , with high dividend rate and real estate business valuation and repair space; Q1 order exceeds the expected China Railway Group Limited(601390) ; China Communications Construction Company Limited(601800) , with more BOT assets; (2) Building transformation: Transformation of green power operation Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) and transformation of chemical industry China National Chemical Engineering Co.Ltd(601117) ; (3) High growth local state-owned enterprises: focus on Anhui Construction Engineering Group Corporation Limited(600502) etc; (4) Steel structure: it is expected that the prosperity will continue to improve, such as the steel structure processing leader ( Anhui Honglu Steel Construction(Group) Co.Ltd(002541) ) and Changjiang & Jinggong Steel Building(Group)Co.Ltd(600496) , Zhejiang Southeast Space Frame Co.Ltd(002135) with new breakthroughs in BIPV.
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