Deliver the A-share market information at the first time, observe the market trend, grasp the rise and fall logic and tap investment opportunities.
One of the ”’ \ connecting sector
On May 19, the real estate sector rose sharply. As of the press release, Zhongdi investment had four consecutive boards, Langold Real Estate Co.Ltd(002305) , Soyea Technology Co.Ltd(000909) , Metro Land Corporation Ltd(600683) and other stocks rose by the limit, China Enterprise Company Limited(600675) , Casin Real Estate Development Group Co.Ltd(000838) , Tianjin Hi-Tech Development Co.Ltd(600082) . In terms of news, on May 18, the Symposium on stabilizing growth and stabilizing market players to ensure employment pointed out that stabilizing land prices and house prices, supporting residents’ reasonable housing demand and maintaining the steady and healthy development of the real estate market.
Recently, the first mortgage interest rate of banks in Zhengzhou, Tianjin, Jinan, Suzhou and other places fell to a minimum of 4.4%. On May 15, the central bank and the China Banking and Insurance Regulatory Commission issued a notice to reduce the lower limit of the first mortgage interest rate to no less than the market quoted interest rate (LPR) of the corresponding term loan by 20 basis points (the lowest can be 4.4% based on the LPR in April).
Shanxi Securities Co.Ltd(002500) said that in terms of policy, the recent warm wind has played a very positive role in stabilizing market sentiment. At the same time, the rapid adjustment in the early stage has made the overall valuation of the market into a reasonable valuation area, and the market rebounded. With the further deregulation of China’s real estate market and the gradual improvement of the epidemic situation in Shanghai, the mid-term rebound of this round is expected to further deepen and the market profit-making effect will continue to increase, The medium-term proposal focuses on the market value stocks, the real estate chain and the oversold growth sector. The active market funds will continue to switch and look for opportunities in terms of steady growth and oversold growth.
China Galaxy Securities Co.Ltd(601881) Securities pointed out that may, June and July entered the period of intensive adjustment of local policies, and the policy strength and space of “steady growth” are worth looking forward to. Under the main line of “stable growth”, the market interpretation path is gradually clear, and there is still room for central state-owned enterprises to rise. Under the expectation of stabilizing sales and increasing the scale of mergers and acquisitions, high-quality private enterprise housing and property management companies have opportunities.
construction sector is active again Gansu Engineering Consulting Group Co.Ltd(000779) daily limit for three consecutive days Shenzhen Cheng Chung Design Co.Ltd(002811) and other big rises
The construction sector was active again on the 19th. As of press time, Gansu Engineering Consulting Group Co.Ltd(000779) , Arts Group Co.Ltd(603017) , China Haicheng, Shenzhen Ruihe Construction Decoration Co.Ltd(002620) , etc. rose by the limit. It is worth noting that Gansu Engineering Consulting Group Co.Ltd(000779) has been trading for three consecutive trading days. The company announced yesterday that it had no significant unpublished information that may or has had a great impact on the trading price of the company’s shares reported by the public media recently; At present, the company’s operation is normal, and the internal and external business environment has not changed significantly.
As for the construction sector, the general office of the CPC Central Committee and the general office of the State Council recently issued the opinions on promoting the urbanization construction with the county as an important carrier. On May 13, the CBRC issued the guiding opinions on the banking and insurance industry supporting urban construction and governance, and the Urbanization construction was further promoted. Banks and insurance institutions are encouraged to actively participate in the construction of new urban infrastructure within their business scope. Guide banking and insurance institutions to support urban renewal projects in accordance with laws and regulations, and encourage pilot projects to take the lead; Banks and insurance institutions are encouraged to provide financial support for livelihood projects such as the reconstruction of old urban communities and municipal facilities.
Anxin Securities pointed out that in the field of urbanization construction, municipal construction is closely related to the construction industry, including roads, urban rail transit, pipe network transformation, landscape greening construction, old community transformation, area development, cultural and medical facilities and other sub fields. In the current context of urbanization, regional design and engineering contracting companies are expected to benefit from the release of local construction demand, and actively layout the new business contracting scale of central enterprises in urban comprehensive area development and large municipal areas.
The agency also said that at present, steady growth continues to increase, covering traditional infrastructure, new urbanization and real estate development. The importance of construction has been raised to national security. At the same time, fiscal expenditure has been increased. The data of infrastructure investment from January to March are bright, the implementation of policies has achieved initial results, the demand for two new and one heavy construction in the construction industry is clear, the volume of local construction plans is huge, and the capital supply is relatively sufficient, The recent repeated epidemic has affected the growth of economic investment to a certain extent, and the subsequent steady growth is expected to continue. It’s expected that the steady growth momentum will continue to increase. It’s recommended to focus on the quality infrastructure targets that benefit from the “two new and one heavy” quality infrastructure under the “two new and one heavy” and the quality infrastructure targets that benefit from the “two new and one heavy” quality infrastructure targets of the “two new and one heavy” quality infrastructure targets that benefit from the “two new and one heavy” quality infrastructure targets that will benefit from the “two new and one heavy” quality infrastructure targets under the steady growth goal under the steady growth target. It’s also recommended to focus on the real estate chain related design and real estate construction companies that benefit from the marginal improvements in the policies of the real estate industry, including: 1) Pingdingshan Tianan Coal Mining Co.Ltd(601666) 01668\ \ Anhui Construction Engineering Group Corporation Limited(600502) and other regional infrastructure leaders, with outstanding order performance and significant valuation advantages, are the main force for infrastructure overweight and the main beneficiaries of steady growth and industry concentration improvement; 2) Anhui Transport Consulting & Design Institute Co.Ltd(603357) , China Design Group Co.Ltd(603018) , high-quality survey and design targets at the front of the industrial chain, give priority to the steady growth of infrastructure and the release of infrastructure demand during the 14th Five Year Plan period; 3) Shenzhen Capol International&Associatesco.Ltd(002949) , Zhubo Design Co.Ltd(300564) , the leader of real estate design, benefited from the marginal improvement of policies in the real estate industry and the release of demand for prefabricated building construction during the 14th Five Year Plan period.
full capacity! Giant to raise prices strong growth in semiconductor manufacturing in the first quarter
The profits of semiconductor manufacturing sector grew strongly, and the performance of domestic wafer foundry Semiconductor Manufacturing International Corporation(688981) , Huahong semiconductor, reached a new high in the first quarter of this year. At the same time, a number of international wafer foundry giants recently heard the voice of price rise again.
A few days ago, TSMC, the foundry of wafers, informed its customers that the foundry price of wafers will be comprehensively increased by 6% from January next year. Some TSMC customers have confirmed that they have received the price increase notice, which is the second comprehensive price increase of TSMC in less than a year. The agency pointed out that the shortage of chips has accelerated the speed of capacity expansion. The growth trend of global equipment sales in the next two years is clear, and A-share semiconductor equipment materials have great growth potential. In addition, TSMC and other leading global wafer foundry enterprises achieved year-on-year rapid growth in the first quarter, which further confirmed that the prosperity of the semiconductor industry remained unchanged. It is suggested to focus on local automobile chip manufacturers.
the three-year action of state-owned enterprise reform starts the war of ending the Department of electric power has a huge imagination
Weng Jieming, deputy director of the state owned assets supervision and Administration Commission of the State Council, said at the special promotion meeting on deepening the reform of state-owned holding listed companies and striving to be a three-year action model for the reform of state-owned enterprises that it is necessary to continue to strengthen the injection of high-quality assets into listed companies. Group companies should systematically sort out unlisted and listed resources, and gradually inject the existing unlisted high-quality assets into listed companies in a planned way in line with the actual situation. If necessary, they can also be listed separately.
2022 is the final year of the three-year action of decisive victory in the reform of state-owned enterprises. The 2022 government work report mentioned that the three-year action task of state-owned enterprise reform should be completed, the layout optimization and structural adjustment of the state-owned economy should be accelerated, the supervision of state-owned assets should be strengthened, state-owned enterprises should focus on the main responsibility and main business, and the support and driving ability of industrial chain and supply chain should be improved. The organization believes that the military industry is the key area of previous state-owned enterprise reforms, and accelerating the asset securitization process of military enterprises is the top priority. Among them, there is still a lot of space for asset securitization of CETC. Many listed companies of CETC group have put forward the strategic goal of market value of 100 billion during the year, indicating that there may still be state-owned assets injection in the future.
devaluation, tariff exemption and reduction of sea freight multi factor driven recovery of export industry
On May 18, in the early stage, aiming at the problems of poor trade chain, blocked collection and distribution channels and low port operation efficiency, Shanghai Customs successively launched 10 measures to fight the epidemic, protect people’s livelihood, help enterprises and promote development, as well as a notice to accelerate the customs declaration and lifting of goods at Shanghai port, and cooperated with the customs of the Yangtze River Delta region to ensure the safety and stability of the supply chain of the industrial chain.
Customs data show that since late April, the freight volume and total import and export value of Shanghai port have gradually stabilized and rebounded. The agency pointed out that the expectation of RMB devaluation is expected to thicken the export enterprises mainly settled in foreign currencies through exchange gains. On the other hand, the maritime freight rate continues to decline, superimposed with tariff exemption, and the improvement of various factors is expected to drive the boom recovery of the export industry, which is conducive to the recovery of the valuation of enterprises with a high proportion of overseas.
two departments jointly issued a document to support the development of cold chain logistics organization said that the industry has entered a new stage
The Ministry of Finance and the Ministry of Commerce recently jointly issued the urgent document of the notice on further promoting the development of cold chain logistics, and decided to focus on promoting the development of Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics and support accelerating the construction of Shenzhen Agricultural Products Group Co.Ltd(000061) supply chain system. The document emphasizes that on the basis of the construction of Shenzhen Agricultural Products Group Co.Ltd(000061) supply chain system, we should further focus on filling the short board of cold chain facilities and improving the quality system of cold chain logistics. According to the notice, relevant provinces will be guided to comprehensively promote the construction of Shenzhen Agricultural Products Group Co.Ltd(000061) supply chain system through the development fund of service industry of the central government, grasp the two key points of distribution center and sales center, further focus on Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics, and improve Shenzhen Agricultural Products Group Co.Ltd(000061) circulation efficiency and modernization level.
Previously, the Ministry of transport, the State Railway Administration, the Civil Aviation Administration of China, the State Post Office and China National Railway Group Co., Ltd. jointly issued the implementation opinions on accelerating the high-quality development of cold chain logistics transportation China Merchants Securities Co.Ltd(600999) pointed out that compared with developed countries, China’s cold chain logistics industry started late and developed for a short time. At present, the scale of China’s cold chain logistics industry has reached more than 380 billion yuan, thanks to the improvement of the national economic level and the upgrading of residents’ consumption. However, there is still a big gap between China’s cold chain logistics industry and developed countries in infrastructure construction. In 2020, the per capita cold storage capacity is only 0.13 cubic meters. In terms of industry competition, the concentration is still low. The market share of the top 100 enterprises is about 18%, and the first city in the industry accounts for less than 2%. However, in recent years, policy support has been strengthened, and the cold chain logistics development plan has been issued to help the construction of modern cold chain logistics system.
China Merchants Securities Co.Ltd(600999) believes that China’s cold chain logistics industry is still in a period of rapid development. Compared with overseas developed countries, China’s cold chain industry has low concentration and low degree of standardization. At present, the competition among the top 100 enterprises is relatively fierce, and each enterprise has entered a period of rising capital investment. Looking forward to the future, the demand for food supply chain and medical logistics is increasing rapidly. At the same time, the improvement of temperature control technology and the improvement of industry standards also drive the development of cold chain logistics industry into a new stage, and the growth potential of the industry is still large. In terms of subject matter, S.F.Holding Co.Ltd(002352) which has laid out the cold chain industry earlier and Yto Express Group Co.Ltd(600233) and Yunda Holding Co.Ltd(002120) which are expanding diversified business are recommended, with emphasis on JD logistics and Zhongtong express of Hong Kong stocks.
