On January 19, the three major A-share indexes fluctuated and corrected. According to wind data, as of midday closing, the Shanghai Composite Index fell 0.29% to 3559.69; The Shenzhen composite index fell 1.16% to 14223.96 points; The gem index fell 1.96% to 3082.69.
Among the Shenwan industry sectors, building materials, household appliances, building decoration and other sectors led the increase; Power equipment, non-ferrous metals, automobiles and other sectors led the decline.
Among the concept sectors, cement manufacturing, Lianban, western cement and other concept sectors led the increase; Concept sectors such as lithium battery negative electrode, lithium mine and lithium extraction from Salt Lake led the decline.
Tianfeng Securities Co.Ltd(601162) believes that the cement price may still be slightly adjusted in the future, but it is unlikely to fall sharply. The demand side expects that the infrastructure side is expected to make a good start in the first quarter of 2022, and the bottom of the real estate side is expected to pick up. In the medium and long term, the cement industry as a whole may show a trend of "volume reduction and price increase". If carbon trading is included in 2022, or the supply side concentration is accelerated, the improvement of leading share is expected to support performance growth. From the perspective of dividend yield and valuation, cement company has high investment cost performance.
