Shenzhen released the layout plan of e-cigarette retail outlets, and concept stocks rose in early trading.
5 year LPR decreases by 15 basis points
On May 20, the central bank authorized the national interbank lending center to announce the quoted market interest rate (LPR) of the new phase of loans, which showed that the one-year LPR was 3.70%, unchanged from the previous period; The LPR over 5 years was 4.45%, down 15 basis points from the previous period. After this adjustment, the five-year and one-year LPR interest margin will return to the level of the second quarter of 2020 before the promulgation of the three red lines
The five-year LPR cut and the central bank’s recent cut in the lower limit of the first house interest rate reflect the policy’s determination to support rigid and improved housing demand and stabilize the real estate market. In addition to the significant improvement in the pressure on residents to purchase the first house, the purchase of the second house will also benefit from it. In addition, it is also related to medium and long-term manufacturing and infrastructure supporting loans.
Soochow Securities Co.Ltd(601555) believes that the five-year LPR reduction and the lower limit of the first loan interest rate recently issued by the central bank reflect the determination of the central bank to stabilize growth and effective demand, and also reflect the structural role of the central bank in giving full play to the monetary policy under the framework of “housing, housing and non speculation”. Superimposed on the lower limit of interest rate cut by 20bp recently, the interest rate of the first commercial personal housing loan was cut by 35bp this month, which is expected to stabilize the RMB loan of residents and drive the stabilization of the real estate industry at the same time.
the real estate industry continued to decline in the morning
After the favorable landing, the real estate sector continued to decline in early trading, Hubei Fuxing Science And Technology Co.Ltd(000926) , Jinke Property Group Co.Ltd(000656) once fell by the limit, China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Shenzhen Centralcon Investment Holding Co.Ltd(000042) , Langold Real Estate Co.Ltd(002305) , China Wuyi Co.Ltd(000797) , etc. all fell by more than 4%.
The response of the secondary market was flat or the share price fell after the good news was realized due to the large increase in the early stage. Statistics show that 38 real estate stocks have risen by more than 10% in nearly 10 trading days, accounting for more than 30% of the total, of which Zhongdi investment, Hubei Fuxing Science And Technology Co.Ltd(000926) , Soyea Technology Co.Ltd(000909) have increased by more than 50%.
According to the statistics of securities times · data treasure, this month, northbound capital mainly reduced its holdings in the real estate sector, mostly cashed out after rising, and some real estate stocks were still firmly held by northbound capital, China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Gemdale Corporation(600383) , Zhongtian Financial Group Company Limited(000540) increased its holdings by northbound capital by 11233300 shares, 7011300 shares and 5715800 shares respectively.
release the layout plan of e-cigarette retail outlets in many places
On May 19, Shenzhen Tobacco Monopoly Bureau issued a circular on the layout planning of e-cigarette retail outlets in Shenzhen , and the total number of e-cigarette retail outlets in the city is 1172, which shall come into force as of May 20, 2022. Including Shenzhen, 25 provinces, municipalities, autonomous regions and municipalities directly under the central government have announced the number of e-cigarette retail licenses. At present, there are more than 40000 e-cigarette retail licenses planned in China.
According to the relevant announcements issued by the General Administration of tobacco, the measures for the administration of e-cigarettes were implemented on May 1 and the national standard for e-cigarettes was officially implemented on October 1. The period is the transition period of new regulations, mainly promoting license application and switching between old and new products. Since June 15, 2022, e-cigarette related production enterprises, wholesale enterprises and retail market entities that have obtained tobacco monopoly related licenses have gradually traded on the platform.
According to the 2021 blue book on e-cigarette industry, there are more than 1500 e-cigarette manufacturing and brand enterprises in China, including 200 brand enterprises and nearly 100000 e-cigarette supply chain and surrounding service enterprises; There are nearly 190000 retail stores. After the formal implementation of the electronic cigarette management measures, it is expected to accelerate the speed of industry integration, accelerate the clearing of production capacity and standardize the steady development of the industry.
In early trading, many e-cigarette concept stocks rose sharply, Huabao Flavours & Fragrances Co.Ltd(300741) intraday limit was 20%, closing up 13.63%, and Shandong Jincheng Pharmaceutical Group Co.Ltd(300233) , Apple Flavor & Fragrance Group Co.Ltd(603020) rose more than 5%center>
Huabao Flavours & Fragrances Co.Ltd(300741) previously said on the consumer Q & a platform that the company has carried out the development and research of tobacco extract based on the application of new tobacco products, and the company has continued to strengthen research and development in natural extraction, re refining, tobacco oil technology, cigarette set technology and so on.
Shandong Jincheng Pharmaceutical Group Co.Ltd(300233) said during the investigation that the company has applied for and passed the technical transformation project of nicotine (tobacco extraction) purification process, and the total capacity of the synthesis and technical transformation project cannot exceed 220 tons / year.
In terms of performance, the net profit attributable to the parent company of four e-cigarette related stocks increased year-on-year in the first quarter, including Shandong Jincheng Pharmaceutical Group Co.Ltd(300233) , Shenzhen Jinjia Group Co.Ltd(002191) , Anhui Genuine New Materials Co.Ltd(603429) , Mys Group Co.Ltd(002303) .
