In the past two weeks, the proportion of north capital’s position in Eastern Air Logistics Co.Ltd(601156) has increased by nearly 10%, or it is related to its brilliant performance.
This week, after the three major A-share indexes bottomed down, they started a rapid recovery. In the last three trading days before the May Day holiday, they recovered Monday’s overcast line, and the Shanghai index returned to above 3000 points. As the index rebounded, there were also signs of return of northbound funds. This week, the cumulative net inflow of northbound funds was 5.014 billion yuan, which has been the net inflow for three consecutive weeks.
From an industry perspective, this week, the sector that accounted for the largest increase in capital holdings in the North was the home appliance industry , followed by the brewing and photovoltaic sectors, and the sectors such as batteries, electronic components, securities and automobiles were also ranked first by the increase in capital holdings in the north.
The reason why the home appliance industry is favored by northward funds may be closely related to the depreciation of RMB. Some institutions believe that the depreciation of RMB will benefit the export-oriented enterprises of household appliances. Bohai Securities said that from the export side, the export volume of China’s household appliances decreased slightly from January to February this year, but the recent continuous depreciation of the RMB is good for household appliance export-oriented enterprises, which is expected to improve the profitability of enterprises and increase exchange earnings. To sum up, the industry is temporarily given a “optimistic” rating. It is recommended to pay attention to Midea Group Co.Ltd(000333) ( Midea Group Co.Ltd(000333) ), Haier Smart Home Co.Ltd(600690) ( Haier Smart Home Co.Ltd(600690) ), Gree Electric Appliances Inc.Of Zhuhai(000651) ( Gree Electric Appliances Inc.Of Zhuhai(000651) ), Shenzhen Crastal Technology Co.Ltd(300824) ( Shenzhen Crastal Technology Co.Ltd(300824) ), Zhejiang Meida Industrial Co.Ltd(002677) ( Zhejiang Meida Industrial Co.Ltd(002677) ) and Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) ( Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) ).
From the perspective of individual stocks, the proportion of increasing positions of northward funds to individual stocks this week has been significantly enlarged compared with the past few weeks. The data show that the top 10 stocks with increased positions were increased by more than 1% by northward funds. Among them, Eastern Air Logistics Co.Ltd(601156) , with the largest proportion of shareholding increase, was significantly increased by 4.53% by northbound funds this week Yunnan Baiyao Group Co.Ltd(000538) has been increased by more than 2% by northward funds, and the increase proportion of Sanquan Food Co.Ltd(002216) , Chongqing Fuling Zhacai Group Co.Ltd(002507) and other individual shares also ranks first.
It is worth mentioning that Eastern Air Logistics Co.Ltd(601156) , the largest proportion of northbound capital holdings last week, has increased the proportion of northbound capital holdings of circulating shares from 6.7% to 16.58% in the last two weeks, and the proportion of positions has increased by nearly 10% however, the share price of Eastern Air Logistics Co.Ltd(601156) this week showed a negative correlation with the market trend. Against the background of the collective rebound of the market, Eastern Air Logistics Co.Ltd(601156) this week, the share price of Eastern Air Logistics Co.Ltd(601156) this week fell by 10.28%, and the North fund known as “smart money” made a bottom reading of the stock against the trend.
The recent large-scale increase in Eastern Air Logistics Co.Ltd(601156) by northbound capital may be related to its brilliant performance Eastern Air Logistics Co.Ltd(601156) released the first quarterly report of this year on April 28. The financial report showed that the company achieved an operating revenue of 6.612 billion yuan in the first quarter, a year-on-year increase of 46.43%; The net profit attributable to shareholders of listed companies was 1.374 billion yuan, a year-on-year increase of 102.32%. According to the previously released annual report, the operating revenue in 2021 was about 22.227 billion yuan, a year-on-year increase of 47.09%; The net profit attributable to shareholders of listed companies was about 3.627 billion yuan, a year-on-year increase of 53.12%.
Guosen Securities Co.Ltd(002736) said that the sharp rise in air freight rates has driven Eastern Air Logistics Co.Ltd(601156) revenue to achieve a growth rate of nearly 50%. As the global supply chain has not yet been restored, and China adheres to the “dynamic clearing” policy unswervingly, under the current epidemic prevention policy, the opening of the national door still needs to wait, and it is difficult for the belly cabin capacity of passenger aircraft to fully return. Superimposed on the continuation of Global trade growth, the freight rate is expected to remain high.
