This week’s view:
Planting industry chain: on the occasion of the 22nd World Intellectual Property Day, on April 24, the national video conference on protecting intellectual property rights of seed industry and combating counterfeiting and shoddy license infringement was held in Beijing. Zhang Taolin, Vice Minister of agriculture and rural areas, attended and delivered a speech. The meeting stressed the need to thoroughly study and implement the spirit of the important instructions and instructions of Xi Jinping general secretary, unify thoughts and actions into the central decision-making and deployment, implement the relevant requirements of the central seed industry revitalization action, strengthen intellectual property protection, severely crack down on counterfeiting and shoddy, trademark infringement and illegal crimes in the seed industry, and purify the market environment of the seed industry. The meeting pointed out that the intellectual property protection of the seed industry is related to the self-reliance of the seed industry in science and technology, the success or failure of the revitalization of the seed industry and the foundation of national food security. Strengthening the intellectual property protection of seed industry is the greatest protection for the vital interests of breeding innovators, the greatest support for enterprises to enhance their core competitiveness and the greatest incentive for the original innovation vitality of seed industry. The meeting required that to strengthen the protection of intellectual property rights in the seed industry, we should focus on the difficult pain points such as insufficient protection of original innovation, difficult investigation and evidence collection and insufficient crackdown on infringement, grasp the key links, pay close attention to major cases, strengthen departmental coordination and linkage, strengthen source governance and technical support, improve the working mechanism, pay close attention to publicity and guidance, accelerate the management of variety “ID card”, and continue to maintain the high-pressure situation of strict investigation and crackdown, Focus on improving the efficiency of the whole chain and whole process supervision, and comprehensively improve the level of intellectual property protection of the seed industry. The meeting released the top ten typical cases of agricultural plant new variety protection in 2022 and the recommended list of the first batch of anti-counterfeiting and right protection seed testing institutions, and launched the public platform of national crop variety DNA fingerprint database. The meeting further emphasized the intellectual property protection of seed industry and improved the specific measures for seed industry protection, which is conducive to purifying the seed industry environment, stimulating the R & D and innovation vitality of enterprises, raising the entry threshold, creating a good development environment for seed industry enterprises, and leading enterprises ushered in a window period. In terms of target selection, we mainly recommend Beijing Dabeinong Technology Group Co.Ltd(002385) , Yuan Longping High-Tech Agriculture Co.Ltd(000998) and Shandong Denghai Seeds Co.Ltd(002041) with obvious first mover advantage and Shandong Denghai Seeds Co.Ltd(002041) .
The perennial root of sugarcane is three years in China, but five to seven years in Brazil and Australia. This is the reason why the overall supply of sugar was relatively sufficient in the past and the price of sugar did not rise for many years, but the cycle will only be late and will not be absent. 2022 has been six years away from the high point of the previous cycle. Superimposed on the higher than expected rise of oil prices and the large release of global currencies, as well as the frequent occurrence of global extreme climate caused by sunspot movement in recent years, a new upward cycle of sugar has begun. In terms of target selection, the stable target focuses on recommending Cofco Sugar Holding Co.Ltd(600737) , the leader of China’s sugar industry, and the flexible target Nanning Sugar Industry Co.Ltd(000911) is expected to benefit fully.
In addition, we continue to recommend chemical stocks with a valuation of only 9 times Meihua Holdings Group Co.Ltd(600873) . We expect that the performance elasticity in 2022 will come from the production of new lysine capacity by the end of 2021. In the long run, the monosodium glutamate and amino acid industries are limited by the new capacity under the background of carbon neutralization, and the valuation center is expected to rise.
Pig breeding: according to the data of zhuyitong, the average price of pigs nationwide this week was 14.75 yuan / kg, up 7.11% on a weekly basis, slightly narrower than that of last week. With the May Day holiday approaching, supermarkets have a certain demand for goods, and the pig price rose again only after a short correction last weekend. In addition, after the collection, storage and auction of the fifth batch of 40000 tons of frozen pork reserves, huashangchu announced that the Sixth Batch of 40000 tons of pork will be auctioned in the afternoon of the 29th. Although the fourth batch of collection, storage and auction of 37300 tons and the fifth batch of collection and storage will be auctioned all over, the continuous collection and storage for many times has a more obvious boosting effect on market confidence. It should be noted that the consumer market has not improved significantly, and the pork supply is still relatively loose on the whole. We expect that the market demand will fall after the festival. The general direction of pig price operation in the first half of the year is still relatively weak, and the production capacity will continue to be reduced. From the current time node, the average market value of some high-quality pig breeding stocks has fallen to a historically low level, and the configuration window has been gradually opened. The choice of specific targets to choose from among among the specific targets is to be recommended in turn for the selection of specific targets, with the following to be recommended in turn: the0 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 8 , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Shenzhen Kingsino Technology Co.Ltd(002548) , etc. are expected to benefit fully.
Risk tips
The recovery process of pig production capacity is less than expected, the product sales is less than expected, and the commercialization process of GM is less than expected.
