With the recovery of market confidence, institutional research enthusiasm has rebounded since May.
According to statistics, the number of companies surveyed since May has reached 1485, an increase of about 85% from 801 in the same period last month (April 1 to April 22).
From the industry of institutional research, regional banks, new energy tracks, medicine and biology, consumption and other topics are the focus of institutional research. Among the listed banks investigated by institutions, urban commercial banks and rural commercial banks are the most concerned. The new energy track is dominated by upstream raw materials and lithium batteries, and the pharmaceutical and biological sub industries such as vaccines and blood products are also concerned.
institutional research listed urban rural commercial bank
According to the survey data since May, the institutions have paid more attention to the listed urban and rural commercial banks, and many urban and rural commercial banks such as Bank Of Ningbo Co.Ltd(002142) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) , Bank Of Suzhou Co.Ltd(002966) etc. have received attention.
Bank Of Ningbo Co.Ltd(002142) recently disclosed information on investor activities shows that the company has been intensively investigated by 297 institutions, and fund companies, investment institutions, securities companies and other institutions have a strong interest in Bank Of Ningbo Co.Ltd(002142) including Mingxing public offering such as e Fangda, GF, Huaxia, Central Europe and south, private head institutions such as Gaoyi assets, Jinglin assets and freshwater spring investment, as well as Citic Securities Company Limited(600030) , China International Capital Corporation Limited(601995) and other securities companies, Ping An, Guoshou Participation of PICC, Taikang and other insurance capital institutions.
In the list of research, there are many bigwigs such as Zhao Feng of Ruiyuan fund, Wang Zonghe of Penghua Fund and Hu Jianping of Shibei investment.
In this research activity, Bank Of Ningbo Co.Ltd(002142) and investors mainly exchanged questions on the company's core competitiveness, business strategy, main measures of risk management, and how to maintain high asset quality and how to serve small and micro enterprises.
Bank Of Ningbo Co.Ltd(002142) said that the company's goal is to build an excellent commercial bank with core competitiveness and comparative advantages in customer service in market segments. At present, the core of talent training and profit management system of legal person is to improve the financial management system.
For the focus of the business strategy in 2022, Bank Of Ningbo Co.Ltd(002142) said that first, focus on the transformation and upgrading of business model and dig deep into the business moat; Second, pay close attention to the implementation of various risk control measures and strictly abide by the bottom line of risk; Third, accelerate the application of financial science and technology and strengthen the support and guidance of science and technology; Fourth, adhere to the professional business philosophy and improve the business efficiency of employees and institutions.
In addition to the morethan 10 times of institutional research were conducted in months.
In terms of research content, the organization also focuses on the business strategy of urban and rural commercial banks in 2022, the impact of the epidemic on their business, how to control risks and how to improve asset quality.
Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) said that while paying attention to sinking customers, it also paid attention to the implementation of international general micro loan technology, combined the traditional customer survey with the needs of local characteristic products, strictly controlled the source of customers, actively promoted digital risk control on the basis of traditional risk control mode, and based on the analysis and application of internal and external big data such as industry and commerce, credit investigation, justice, anti fraud and internal customer information, Realize automatic risk identification and measurement based on Beijing Vastdata Technology Co.Ltd(603138) and customer behavior analysis, and realize risk control of all kinds of credit business.
In terms of the impact of the epidemic, Bank Of Hangzhou Co.Ltd(600926) said that from the current situation, there are only sporadic delayed repayment of principal and interest for personal business loans and retail consumer loans of small and micro enterprises, and the overall scale is small. The impact of the epidemic on asset quality is phased on the one hand and controllable on the other hand.
The research on the listed companies of agricultural banks in the commercial city has been carried out frequently, and many institutions have been paid attention to in the commercial city within one month.
Then why can urban rural commercial banks attract the attention of institutions, which is related to the financial data in April. In April, the financial data were lower than expected, and the sharp year-on-year increase in credit was the core of the weakness of social finance. Some institutions may worry about the fundamentals of urban rural commercial banks Shenwan Hongyuan Group Co.Ltd(000166) research points out that without over amplifying the impact of the epidemic, we should pay attention to the recovery after the epidemic and the elasticity of physical demand repair under the force of the credit relief policy in the second quarter (especially small and micro enterprises, which have fast turnover and more flexibility). At present, the banking sector has highlighted enough valuation safety margin. In the "credit relief - economic stability" stage, the bank valuation repair will not be absent, and we are firmly optimistic about banks.
new energy track returns to the vision of the organization
When sorting out the institutional research in April, the reporter found that the research heat of popular tracks such as new energy has decreased, but with the stabilization of new energy track stocks, Gotion High-Tech Co.Ltd(002074) , Ganfeng Lithium Co.Ltd(002460) and many other new energy track stocks have returned to the institutional vision.
Gotion High-Tech Co.Ltd(002074) 5 on May 19, the information of research activities released showed that the company received 76 institutions for research, while in early May, the company also received 188 institutions for research.
In the research activities, the organization pays more attention to the impact of the price rise of raw materials and the progress of cooperation with the public. The company said that in response to the rising cost of raw materials, the company adopted diversified strategies to control costs, including: 1 Increase R & D level, continuously improve lean manufacturing level, and improve product quality and output; 2. Actively improve the industrial chain layout. At present, upstream resources such as positive pole, negative pole, diaphragm and copper foil have been arranged, such as investing in the construction of mineral mining and lithium carbonate processing plant in Yichun and negative pole graphite production line in Wuhai, Inner Mongolia, so as to ensure the stability of the supply chain, reduce the impact of raw material prices on product costs and improve the comprehensive competitiveness of the company; 3. The company has also reached a price linkage mechanism with customers to jointly deal with the pressure of rising prices of raw materials; 4. The company will also further strengthen internal management and process improvement, reduce costs through materials, manufacturing and technology, and expand material acquisition channels through battery recycling and echelon utilization technology, so as to optimize costs.
As for the progress of cooperation with Volkswagen, the company said that with the implementation of Volkswagen's fixed increase, the company's cooperation with Volkswagen has further deepened. At present, the company has received the fixed points of Volkswagen's standard cell ternary and iron lithium, which is the best embodiment of the recognition of the company's product power. In the future, the company will actively maintain exchanges and communication with Volkswagen China and Volkswagen Group in terms of product, technology and capital cooperation, and strive to carry out cooperation in more models, wider regions and fields.
At present, the prices of upstream raw materials such as lithium carbonate are at a high level, and Ganfeng Lithium Co.Ltd(002460) as the leader of lithium resources has also attracted the attention of institutions. On May 16, Ganfeng Lithium Co.Ltd(002460) disclosed research information, which showed that the company received 223 institutions for research.
The supply and demand of the whole lithium carbonate industry and the capacity planning of Ganfeng Lithium Co.Ltd(002460) are undoubtedly the focus of the organization. The company said that based on the current judgment, the global market will reach the demand scale of more than 1.5 million tons of lithium carbonate equivalent by 2025, and the company has planned to form a supply capacity of no less than 300000 tons of lithium carbonate equivalent by 2025 to meet the vigorous development of the lithium market. In addition to the company's capacity layout in Xinyu, Ningdu, Shangrao and other places in Jiangxi Province, the company also actively considers forming capacity in other regions of China, including Inner Mongolia, Sichuan and other places, which have certain plans in the future. At the same time, the company's overseas layout is also relatively extensive, including the project capacity in Argentina, Mexico and other places. All plans together will form a supply capacity of 300000 tons of lithium carbonate equivalent by 2025.
Medicine , consumption is also concerned
Since May, under the multiple favorable policies, the toughness of the A-share market has been highlighted, the consumer, pharmaceutical and other industries have rebounded to varying degrees, and the attention of institutions to the stocks of relevant industries has also increased significantly.
Pharmaceutical stocks have fallen significantly since 2021. Although some stocks have rebounded first recently, the decline is still large compared with the historical high. Under this background, institutions pay more attention to relevant stocks in pharmaceutical segments such as vaccines and blood products.
According to the investor activity information disclosed on May 13th, the company's Chongqing Zhifei Biological Products Co.Ltd(300122) \ Tianfeng Securities Co.Ltd(601162) and other securities companies.
The development of the vaccine industry is a topic of concern to institutions. In this regard, the company said that the biopharmaceutical industry has developed rapidly in recent years. As an important sub field of biopharmaceutical, the vaccine industry has steadily improved its market space and industry scale. With the implementation of the vaccine management law, the market has been further standardized, the industry environment has been purified, and the sustained and healthy development of China's vaccine industry has been promoted. The 14th five year plan for national economic and social development of the people's Republic of China and the outline of long-term objectives for 2035 issued in 2021 clearly strengthened the scientific and technological frontier research in the field of biomedicine, strengthened the core position of the biomedical industry in strategic development, and strengthened the confidence in the development of the industry. Under the new pattern of industry development, the company faces new challenges, grasps new opportunities, realizes new development, and makes concerted efforts to do a good job in biomedicine.
In addition, the leading pharmaceutical enterprise Livzon Pharmaceutical Group Inc(000513) , one of the leaders of blood products Boya Bio-Pharmaceutical Group Co.Ltd(300294) , the leader of China's pharmaceutical auxiliary industry Anhui Shanhe Pharmaceutical Excipients Co.Ltd(300452) and the leader of central nervous system drugs Jiangsu Nhwa Pharmaceutical Co.Ltd(002262) have also attracted much attention.
Ganyuan Foods Co.Ltd(002991) , Chongqing Fuling Zhacai Group Co.Ltd(002507) , Chacha Food Company Limited(002557) , etc. in the field of consumption have attracted the attention of institutions. Among them, huitianfu Hu Xinwei and other top flow fund managers appeared in the institutional research activities of Chongqing Fuling Zhacai Group Co.Ltd(002507) .
Sinolink Securities Co.Ltd(600109) research shows that despite the high growth of online channels in recent years, the proportion of online channels has slowed down, reaching 29.1% in April 2022. The obstruction of offline scenes is the key to suppressing consumer demand. With the effective implementation of the epidemic policy, offline commerce and transportation are expected to gradually recover from the end of May to the beginning of June. Tracking the subway travel data of major cities, the subway passenger volume still fell by about 45% year-on-year in early May, but it was mainly caused by the shutdown of Shanghai subway. As Shanghai plans to gradually restore public transport from May 22, offline consumption is expected to recover, and the bottom of profits of large consumer enterprises may have come.
