On January 13, the three major indexes of A-Shares in Shanghai and Shenzhen opened high and went low. According to wind data, as of midday closing, the Shanghai Composite Index fell 0.31% to 3586.29 points; The Shenzhen composite index fell 0.84% to 14300.53 points; The gem index fell 0.36% to 3125.39.
In terms of industry, among the 31 Shenwan level industries, coal, petroleum, petrochemical, computer and other sectors led the increase; Building materials, food and beverage, light industry manufacturing and other sectors led the decline.
Among the concept plates, the plates such as the connecting plate, the striking plate and the first plate were among the top gainers; Lithium, rare earth, wind power and other sectors led the decline.
Zhongtai Securities Co.Ltd(600918) believes that under the background of carbon neutrality, the transformation of the energy industry is the main line in the long term in the future, and the coal industry will face a pattern of tightening supply, changing demand and stabilizing price. The investment logic of the coal industry in 2022 will be different from that in 2021. It is suggested to focus on three key words: the high proportion of the long-term association, the elasticity of capacity growth and the transformation of coal enterprises: the overall upward movement of the price center of the long-term association will benefit companies with a higher proportion more obviously, and their performance is expected to be released steadily in the future; The future capacity increment of the coal industry is limited. As the whole enters the period of stock capacity, capacity means profit, and capacity growth elasticity is performance elasticity. It is suggested to pay attention to the subject matter with large capacity growth space in the future; The goal of “double carbon” will be the long-term main line of future investment in the energy industry. Coal enterprises have resources, funds and willingness in transformation. It is suggested to pay attention to the leading target of new energy transformation.
