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tourism and catering sector is active again Xi’An Qujiang Cultural Tourism Co.Ltd(600706) Sanlian board Xi’An Tourism Co.Ltd(000610) and other daily limits
The tourism, hotel and catering sectors were active again on the 25th. As of press time, in the tourism sector, Xi’An Tourism Co.Ltd(000610) , Xi’An Qujiang Cultural Tourism Co.Ltd(600706) limit, Changbai Mountain Tourism Co.Ltd(603099) , China United Travel Co.Ltd(600358) , Utour Group Co.Ltd(002707) , Yunnan Tourism Co.Ltd(002059) and other gains were higher; In terms of hotel catering sector, Huatian Hotel Group Co.Ltd(000428) limit, Xi’An Catering Co.Ltd(000721) , Junting Hotel, etc. performed prominently.
It is worth noting that Xi’An Qujiang Cultural Tourism Co.Ltd(600706) has been trading for three consecutive trading days. The company issued a risk warning on the 24th that the company’s shares fluctuated greatly in the short term. The turnover rate on January 24, 2022 was 19.79%, which increased significantly, the trading volume was significantly enlarged, and the turnover rate and trading volume were higher than the average level of the company in the first 20 trading days, Please pay attention to the transaction risk of the secondary market.
The tourism sector has continued to strengthen recently, mainly due to the help of favorable policies in the industry. Recently, the State Council issued the tourism development plan for the 14th five year plan. The plan proposes that by 2025, the development level of tourism will be continuously improved, the modern tourism system will be more perfect, the effective supply, high-quality supply and flexible supply of tourism will be more abundant, and the consumption demand of mass tourism will be better met. The foundation of epidemic prevention and control is stronger, and the requirements of scientific and accurate prevention and control are fully implemented in the tourism industry. China’s tourism is booming, inbound and outbound tourism is advancing in an orderly manner, the international influence and competitiveness of tourism are significantly enhanced, and significant progress has been made in the construction of a tourism power.
Wanlian Securities pointed out that the State Council issued the tourism development plan for the 14th five year plan, hoping to take advantage of the advantages of wide coverage, strong driving force, high openness and “one industry prospers all industries” to stimulate domestic demand and promote national economic growth. The introduction of the plan is expected to become a strong agent for the development of the tourism industry by alleviating the difficulties faced by the tourism industry, supporting the development exploration of market players and increasing the cultivation and development of the tourism market. If the epidemic situation in China is gradually stabilized this year, the restrictions on cross provincial and cross-border travel are gradually liberalized, and China’s economic recovery and consumption pick-up are superimposed, the leading stock prices in the tourism industry are expected to achieve a positive result of performance growth and valuation return.
Soochow Securities Co.Ltd(601555) it is expected that the follow-up entry epidemic prevention policy will no longer be “one size fits all”, and the scientific formulation of the entry tourist visa policy will promote the gradual recovery of entry tourism. At the same time, China will improve the service quality of inbound tourism, subdivide key, emerging and potential markets, and closely follow the needs and consumption habits of overseas tourists; Optimize the reception services of scenic spots and hotels, improve the services of travel agencies and tour guides, and improve the experience of inbound tourists. In the time window when the global epidemic is not over, seize the opportunity to attract international tourism demand, and China’s tourism consumption market will gradually pick up. We believe that it will drive the recovery of China cultural tourism, hotels and tax exemption. The performance of high-quality targets is flexible and has layout value. The key recommendations are jiumaojiu, Shanghai Jin Jiang International Hotels Co.Ltd(600754) , Btg Hotels (Group) Co.Ltd(600258) , Songcheng Performance Development Co.Ltd(300144) , China Tourism Group Duty Free Corporation Limited(601888) , Jiangsu Tianmu Lake Tourism Co.Ltd(603136) .
the military industry sector made efforts to pull up the “20cm” limit of visualization technology Xi’An Chenxi Aviation Technology Corp.Ltd(300581) and other big rises
The military industry sector rose on the 25th. As of press time, visualizing the “20cm” limit of science and technology, Jiangxi Xinyu Guoke Technology Co.Ltd(300722) , Xi’An Chenxi Aviation Technology Corp.Ltd(300581) , Xinjiang Machinery Research Institute Co.Ltd(300159) , Wuxi Paike New Materials Technology Co.Ltd(605123) , Shenzhen King Explorer Science And Technology Corporation(002917) , Guangdong Kingstrong Technology Co.Ltd(300629) , Shaoyang Victor Hydraulics Co.Ltd(301079) , Jianglong Shipbuilding Co.Ltd(300589) and other gains were higher.
Since the beginning of the year, with the increase of the expectation of the Federal Reserve to shrink the table, global liquidity concerns have emerged, superimposed on the short-term demand of growth stocks for the release of valuation risk, and the relevant tracks have generally fallen. Due to the particularity of poor information transmission in the military industry sector, investors’ confidence was insufficient, and the decline was the largest in CITIC’s primary industry. In addition, the recent market news about the cancellation of the reduction and exemption policy of military value-added tax continued to ferment. Although the implementation rules have not yet been implemented, the panic has worsened the weak market in the military industry sector.
China Galaxy Securities Co.Ltd(601881) Securities believes that the growth track, especially the military sector, is still high-profile, and the sharp release of short-term valuation risk has brought a rare layout window for new funds. Secondly, for the issue of military value-added tax, the agency believes that the existing military value-added tax reduction and exemption policies are not perfect, local policies are not unified, the identification of duty-free military products is cumbersome, the process is lengthy, and the unfairness of different enterprises in the same link of the industrial chain is prominent. Abolishing the value-added tax reduction policy fundamentally eliminates this unfairness. In addition, most of the upstream and a small number of midstream enterprises in the military industrial chain have rarely enjoyed value-added tax relief for many years, and even the cancellation has little impact on this field. In fact, the relevant detailed rules on how to withdraw the preferential policies have not yet been implemented, and the impact on middle and downstream enterprises needs to be observed. We believe that the probability of “procurement with tax” will become the reform direction of military procurement in the future. Therefore, the cancellation of value-added tax reduction policy has limited impact on the performance of the sector.
Thirdly, as of January 21, 22 listed companies in the military industry sector have disclosed their performance express or forecast for the past 21 years. Excluding 8 companies whose performance is greatly affected by civil products and with more impairment provision, the average growth rate of net profit attributable to the parent of the remaining 14 listed companies is about 63.7%, which basically verifies the high outlook of the military industry. Among them, China Zhenhua (Group) Science & Technology Co.Ltd(000733) Upstream companies such as Unigroup Guoxin Microelectronics Co.Ltd(002049) and Avic Heavy Machinery Co.Ltd(600765) performed well. The short-term performance of some central military enterprises such as Avic Shenyang Aircraft Company Limited(600760) and Avic Electromechanical Systems Co.Ltd(002013) is not as expected, which can not reflect the growth expectation of the whole military industry sector, let alone change the long-term good expectation of the sector.
The agency said that in the short term, first of all, the performance trend of “advance, retreat and one” of the military industry index in the past two years is obvious. The adjustment range of the current round of index has reached 16.4%. Last week, it showed a trend of accelerating to catch up with the bottom. It is inclined to think that the adjustment space of the index this time is no more than the increase of 20% in the previous round; Secondly, the current valuation quantile of the defense and military industry sector is 40.7%, and the valuation level has retreated to a safer position. In the medium term, as the second year of the 14th five year plan for equipment procurement, bidding is expected to be intensively implemented in 2022. With the continuous release of industrial capacity and downstream demand, the prosperity of the industry is expected to continue to rise. With the acceleration of state-owned enterprise reform in 2022, the valuation system of military central enterprises may be reshaped, and the valuation improvement is expected.
institutions made repeated research at the beginning of the year, and the investment logic of bank stocks was strong
According to the data, from January 1 to January 24, 2022, a total of Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Bank Of Suzhou Co.Ltd(002966) , Bank Of Ningbo Co.Ltd(002142) , Wuxi Rural Commercial Bank Co.Ltd(600908) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Bank Of Hangzhou Co.Ltd(600926) 7 banks were surveyed by institutional investors, with a total of 29 times of being surveyed and 246 institutions participating in the survey.
In terms of the number of times investigated, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) attracted the most attention, and both ushered in 6 institutional investor surveys during the period; Both Bank Of Ningbo Co.Ltd(002142) and Bank Of Suzhou Co.Ltd(002966) have received 4 investigations; Bank Of Hangzhou Co.Ltd(600926) , Wuxi Rural Commercial Bank Co.Ltd(600908) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) all welcomed three surveys.
From the number of institutions participating in the survey, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and Wuxi Rural Commercial Bank Co.Ltd(600908) are the most “circle fans”, welcoming 80 and 57 institutions respectively. More than 20 institutions came to Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Bank Of Ningbo Co.Ltd(002142) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) for research.
The types of institutions participating in the research banks are also very rich, including public funds, securities companies, insurance companies, insurance asset management companies, bank financing companies, foreign-funded institutions, etc. On January 13, Morgan Stanley and capital group participated in the on-site investigation of Bank Of Hangzhou Co.Ltd(600926) . On January 17, China Southern Fund and Everbright financial participated in the research of Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) in the form of video.
Citic Securities Company Limited(600030) predicts that the central bank is expected to continue to launch total and structural monetary instruments in the future, further promote the stable growth of total credit and boost economic expectations. It is suggested to pay attention to the allocation value of bank stocks.
issued by the Ministry of housing and urban rural development! Promote the coordinated development of smart city infrastructure and intelligent networked vehicles (with shares)
According to the Ministry of housing and urban rural development on the 24th, the Ministry of housing and urban rural development issued the action plan for urban and rural construction to promote the development of the Yangtze River economic belt during the 14th five year plan. It is mentioned to promote the coordinated development of smart city infrastructure and intelligent networked vehicles. Support Shanghai, Wuxi, Wuhan, Changsha and other cities to promote the coordinated development and technological innovation of smart city infrastructure and intelligent connected vehicles, explore the construction of urban roads, buildings and public facilities integration perception system, aggregate various urban data such as intelligent connected vehicles, intelligent roads and urban buildings, and create a “car City Network” platform supporting multiple applications.
China International Capital Corporation Limited(601995) pointed out that intelligent and networked dual wheel drive ushered in major opportunities for the automotive industry. At present, a new round of changes in the global science and technology industry is booming. As an important carrier of scientific and technological innovation, intelligent networked vehicles are promoting profound changes in the form of automobile industry, transportation mode, energy consumption structure and social operation mode. As two parallel technical routes, Internet of vehicles and single vehicle intelligence will accelerate the deep coupling with the layout rhythm of intelligent Internet connected vehicles, and realize full automatic driving through collaborative perception, decision-making and control, so as to bring new development opportunities for the global automobile industry.
Ping An Securities believes that with the concentration of vehicle EE architecture, the value proportion of intelligent vehicle software will gradually increase, intelligent driving will gradually advance to a high level, and the application space of intelligent cockpit is broad. In the future, the incremental opportunities of automobile supply chain are mostly in key tracks such as high-precision sensors, master chips, domain controllers, software, comfortable personalized configuration and so on. With the expansion of smart car supply chain and the deep involvement of science and technology giants, the new industrial chain division and cooperation relationship of smart car will gradually take shape in the next few years. We are optimistic about the parts enterprises that are on the key track and have key barriers. Software defines automobile acceleration, automobile computing power tends to be centralized, and the demand for computing power increases. The demand for software and hardware services such as domain controller and intelligent vehicle operating system will increase rapidly. It is strongly recommended to pay attention to Thunder Software Technology Co.Ltd(300496) and Huizhou Desay Sv Automotive Co.Ltd(002920) .
China Telecom Corporation Limited(601728) 5g news commercial press conference will be held. The organization said that accelerating the landing is good for the industrial chain
It is reported that China Telecom Corporation Limited(601728) will hold a 5g news commercial press conference online at 15:30 on January 25. With its rich media and strong interaction, 5g message will bring users a new message experience.
According to the GSMA official website, 90 operators in 60 countries have realized the commercial use of 5g messages, with 473 million monthly live users. Upstream and downstream partners in the industrial chain will usher in development opportunities after the successful commercial use of 5g news.
Minsheng Securities pointed out that the trial commercial use of 5g news is of great significance. The accelerated landing of 5g news is good for the industrial chain. It is optimistic that leading enterprises will continue to benefit in depth. The accelerated landing of 5g news is expected to benefit platform services and applications in the long term. Because 5G messages are functionally similar to small programs and official account numbers, enterprises and individuals can interact fully. Tickets booking and enterprise promotion will gradually become popular. Commercial potential of finance, Internet, electricity supplier, commercial chain, public utilities and other fields can be expected. CSP and other flat services and application requirements are expected to continue to improve.
The Nationwide Trial commercial use of 5g news marks a key step in the commercialization of 5g news. In the future, it is expected to accelerate the development of the whole ecosystem, and the subdivided fields such as platform services and industrial applications are expected to benefit for a long time. It is recommended to focus on Montnets Cloud Technology Group Co.Ltd(002123) manufacturers with leading advantages in 5g messaging, and Beijing Jiaxun Feihong Electrical Co.Ltd(300213) , Fujian Star-Net Communication Co.Ltd(002396) , Hangzhou Cncr-It Co.Ltd(300250) .
the Ministry of industry and information technology voiced its voice to cultivate innovative enterprises such as yuanuniverse. Yuanuniverse investment will be a growth theme
Liang Zhifeng, director of the Bureau of small and medium-sized enterprises of the Ministry of industry and information technology, said at the press conference on the 24th that seizing the great opportunity of the country to promote new infrastructure and vigorously develop the digital economy, and guiding and supporting small and medium-sized enterprises to accelerate the process of digital industrialization and Industrial Digital through various ways such as the “maker China” innovation and entrepreneurship competition, Cultivate a number of specialized and new small and medium-sized enterprises in digital industrialization, especially pay attention to cultivating a number of “little giant” enterprises deeply engaged in professional fields, such as industrial Internet, industrial software, network and data security, intelligent sensors, and cultivate a number of innovative small and medium-sized enterprises entering emerging fields such as yuancosmos, blockchain and artificial intelligence.
Huaan Securities Co.Ltd(600909) believes that at present, the development of metauniverse is still in its early stage. Major technology giants may compete to layout underlying technologies such as cloud collaboration, edge computing, artificial intelligence, game engine, blockchain and XR. Metauniverse investment will be a long-term theme and dynamically driven by new product release or acquisition events of technology giants.
1) cloud collaboration mode and cloud games & cloud VR are expected to continue to penetrate into the production end and client end of the meta universe respectively in the future. The cloud infrastructure will evolve to the meta universe infrastructure, and the demand for intelligent heterogeneous computing power (GPU, AI, DPU) and high-speed IO capacity will also increase. It is suggested to pay attention to Inspur Electronic Information Industry Co.Ltd(000977) , Unisplendour Corporation Limited(000938) , the global mainstream suppliers of high-speed data communication optical module industry chain Zhongji Innolight Co.Ltd(300308) , Eoptolink Technology Inc.Ltd(300502) , Suzhou Tfc Optical Communication Co.Ltd(300394) , as well as Montage Technology Co.Ltd(688008) , Cambricon Technologies Corporation Limited(688256) , Shengke communication (application for scientific innovation board), Changsha Jingjia Microelectronics Co.Ltd(300474) , Beijing Zuojiang Technology Co.Ltd(300799) , etc.
2) yuancosmos is a master of ICT cutting-edge technology. After the implementation of supervision and planning, China’s Internet head platform is expected to continue to break through the hard technology of platform layer and application layer. It is suggested to pay attention to the business progress of Tencent, Netease and Baidu, or contribute to the expected repair of valuation.
3) China is a consumer and industrial Internet market that NVIDIA cannot ignore in its global layout. China’s excellent industrial software, design software and DCC are expected to continue to emerge and become Omniverse’s future connector. It is suggested to pay attention to Zwsoft Co.Ltd(Guangzhou)(688083) , Beijing Yjk Building Software Co.Ltd(300935) , Glodon Company Limited(002410) .
