In early trading today, A-Shares continued to adjust, with the Shanghai index falling below 3500 points, the Shenzhen component index falling below 14000 points, and the Kechuang 50 and Shanghai 50 also falling below the important integer mark.
On the disk, more than 80% of stocks fell, only a few stocks such as military industry and performance pre increase rose against the trend, and the concept sectors such as digital currency, yuanuniverse, online Red economy and new tobacco fell sharply across the board. The net outflow of funds from Beishang was 2.376 billion yuan.
military stocks bucked the market and were active
The escalation of tensions between Russia and Ukraine has caused severe shocks to the global market. Overnight, the U.S. Dow Jones index shook more than 1000 points; The Russell 2000 index once entered a bear market, falling more than 20% from its historical high in early November last year; The Chicago Options Exchange Volatility Index (VIX), known as the market “panic index”, once hit 38.94, the highest level since October 2020. For more information, please stamp “the conflict between Russia and Ukraine is expected to shake the global capital market! The three major indexes of US stocks have stepped out of the V-shaped reversal, and the Dow has rebounded and closed up after plunging more than 1000 points!”
The stock indexes of major European countries also continued to decline across the board. The European Stoxx 600 index closed down 3.81%, the largest closing decline since June 11, 2020; The Italian stock index led the decline by about 4%, the French and German stock indexes fell nearly 4%, the Spanish stock index fell more than 3%, the British stock market fell for three days, and the Russian stock market fell more than 8%.
This tension between Russia and Ukraine is not the first crisis between Russia and Ukraine. The Crimean crisis broke out in Russia and Ukraine as early as 2014. At that time, the US stock market also fell by a large margin, but the repair was soon completed. According to ned Davis research, in the 28 most serious political or economic crises in the 60 years before the September 11 attacks in 2001, the Dow rose by an average of 2.3% six months later, with 19 times rising. In the “9.11” event, the Dow fell by 17.5%, but it recovered to the level of September 10 six weeks later. Therefore, from the historical trend, geopolitical events can only affect the sharp fluctuations of the market in the short term, but the market will soon recover from the initial unrest.
A shares were also affected and adjusted in depth today, but military stocks were active against the trend. The aviation sector opened higher and went higher. The sector index once rose by more than 2%. After a sharp opening, it continued to rise straightly, with an intraday maximum of more than 16% and Jiangxi Xinyu Guoke Technology Co.Ltd(300722) once rose by 15%; The ship sector also rose by more than 1% at one time, and Jianglong Shipbuilding Co.Ltd(300589) , Bestway Marine & Energy Technology Co.Ltd(300008) and others rose against the trend; The military civilian integration sector was also active against the trend, Shenzhen Infinova Limited(002528) , Zhejiang Unifull Industrial Fibre Co.Ltd(002427) all rose by the word limit; In addition, according to the 20% limit of visualizing technology with the concept of military industry, Zhengzhouj&Thi-Techco.Ltd(300845) , Guangdong Kingstrong Technology Co.Ltd(300629) rose sharply against the trend.
Recently, a number of Companies in the military industry released performance forecasts for 2021. The performance of the main targets of the upstream components sector continued to grow at a high rate, including the performance of Unigroup Guoxin Microelectronics Co.Ltd(002049) increased by 136% ~ 160%, the performance of China Zhenhua (Group) Science & Technology Co.Ltd(000733) increased by 123% ~ 156% and the performance of Fujian Torch Electron Technology Co.Ltd(603678) increased by 57.51% ~ 67.35% year-on-year.
In addition, listed aviation companies represented by Avic Shenyang Aircraft Company Limited(600760) and Avic Electromechanical Systems Co.Ltd(002013) also released performance forecasts, with a net profit of Avic Shenyang Aircraft Company Limited(600760) of 1.696 billion yuan, a year-on-year increase of 14.56%; Avic Electromechanical Systems Co.Ltd(002013) the net profit was 1.259 billion yuan, a year-on-year increase of 17.18%.
Zhongtai Securities Co.Ltd(600918) said that the performance of the main targets of the upstream component sector continued to grow, and the high prosperity of the military industry was reconfirmed. The performance of Avic Shenyang Aircraft Company Limited(600760) , Avic Electromechanical Systems Co.Ltd(002013) was significantly lower than the market expectation, resulting in pressure on the military industry sector. However, the performance of some enterprises is less than expected, which is only a short-term disturbance. The great development of the aviation manufacturing industry in the 14th five year plan has a stable foundation. The high prosperity of the industry is also transmitted from top to bottom, and the performance can be fulfilled.
Guotai Junan Securities Co.Ltd(601211) the research report pointed out that in the 14th five year plan, the construction of the national defense army adheres to war led construction, strengthens innovation driven, strengthens strategic management, and consolidates and develops military government military civilian unity. Based on past experience, it is expected that the 14th five year plan will be implemented step by step. The profit statement and cash flow statement of the sector may continue to improve in 2022, and the military industry may have significant comparative advantages.
In terms of configuration, Zhongtai Securities Co.Ltd(600918) research report said that the prosperity of the industry continued to improve during the 14th Five Year Plan period, and the trend remained unchanged. It is suggested to focus on and configure high-quality growth targets that have been wrongly killed recently.
(1) recommend military electronic components with low valuation and high performance flexibility: China Zhenhua (Group) Science & Technology Co.Ltd(000733) , Zhuzhou Hongda Electronics Corp.Ltd(300726) , Beijing Yuanliu Hongyuan Electronic Technology Co.Ltd(603267) . (2) Recommended midstream aviation manufacturing targets with gradual scale effect and significant improvement in comprehensive supporting capacity: Avic Heavy Machinery Co.Ltd(600765) , Chengdu Ald Aviation Manufacturing Corporation(300696) , Chengdu Haoneng Technology Co.Ltd(603809) , Anhui Yingliu Electromechanical Co.Ltd(603308) . (3) Recommend the overall and key systems of weapons and equipment with monopoly and scarcity and huge long-term growth space: Avic Shenyang Aircraft Company Limited(600760) , Aecc Aviation Power Co Ltd(600893) , Avicopter Plc(600038) , Aecc Aero-Engine Control Co.Ltd(000738) and Wuhan Guide Infrared Co.Ltd(002414) . (4) It is suggested to pay attention to the beneficiary objects of the mixed reform of state-owned enterprises: Chengdu Spaceon Electronics Co.Ltd(002935) , Aerospace Ch Uav Co.Ltd(002389) , Avic Xi’An Aircraft Industry Group Company Ltd(000768) , Avicopter Plc(600038) , Guizhou Space Appliance Co.Ltd(002025) and Sun Create Electronics Co.Ltd(600990) .
China Securities Co.Ltd(601066) pointed out that at present, the national defense and military industry sector is at the key node of the diffusion from local prosperity to overall prosperity. The performance acceleration inflection point of midstream and downstream companies is expected to come, and the valuation is expected to be fully digested by the release of performance, with higher investment performance price ratio. We are optimistic about the whole military industry chain in 2022, and it is suggested to increase the allocation proportion in the callback.
pre increase and rise vs pre decrease and fall
In the weak, the performance is still the king, and today’s pre added stocks have also strengthened against the trend. Xiamen Anne Co.Ltd(002235) announced today that it is expected to realize a net profit of 25-35 million yuan in 2021, with a year-on-year increase of 104.02% – 105.62%. Xiamen Anne Co.Ltd(002235) said that in 2021, the company’s businesses returned to normal and the business information paper business grew steadily, driving the improvement of the company’s overall profitability; At the same time, the company increased the collection of receivables and offset some credit impairment losses during the reporting period. Xiamen Anne Co.Ltd(002235) after opening in the morning, the daily limit was pulled in a straight line, which is the fifth consecutive daily limit.
Sichuan Jinlu Group Co.Ltd(000510) also announced today that it is expected to achieve a net profit of 280-330 million yuan in 2021, with a year-on-year increase of 291.41% – 361.30%. Sichuan Jinlu Group Co.Ltd(000510) said that benefiting from the sharp rise in the sales price of the leading products PVC resin and caustic soda compared with the same period of last year, the company actively seized the favorable opportunity of the market, strengthened the production and sales of products, thickened the sales profit and improved the operating performance of the company. Sichuan Jinlu Group Co.Ltd(000510) today also opened significantly higher and went against the trend limit.
Chongqing Zhifei Biological Products Co.Ltd(300122) today announced that the performance of 2021 is expected to increase by 200% – 220% year-on-year; Chengdu Kanghua Biological Products Co.Ltd(300841) the net profit is expected to increase by 98% – 106%; Qingdao Gaoce Technology Co.Ltd(688556) a pre increase of 168.42% – 202.39%; As well as Nanjing Hicin Pharmaceutical Co.Ltd(300584) , Guizhou Redstar Developing Co.Ltd(600367) , Chtc Helon Co.Ltd(000677) , Szzt Electronics Co.Ltd(002197) and other pre increases announced earlier, they were active against the trend and had a good increase in early trading.
While the advance shares rose sharply against the trend, the performance mine is also detonating. Beijing Shunxin Agriculture Co.Ltd(000860) it is announced today that it is expected that the annual net profit of 2021 will be 80-110 million yuan, a year-on-year decrease of 73.81% – 80.95%.. For the reasons for the expected decline in performance in the current period, Beijing Shunxin Agriculture Co.Ltd(000860) explained that affected by the downward trend of the pig cycle, the pig price decreased significantly compared with the same period of the previous year, resulting in a large decline in the company’s pig breeding and meat food processing industry compared with the same period of the previous year, affecting the overall operating performance of the company. Beijing Shunxin Agriculture Co.Ltd(000860) in early trading, the limit fell to 29.88 yuan, and the share price hit a three-year low.
Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) had a loss of 169-195 million yuan in advance, and once fell by 20% in early trading; Tangel Culture Co.Ltd(300148) pre loss of 600 million yuan to 850 million yuan, down more than 18% in early trading; The individual stocks that announced the pre loss and pre decline of 2021 performance today, such as Tempus Global Business Service Group Holding Ltd(300178) , Rastar Group(300043) , Jiangxi Fushine Pharmaceutical Co.Ltd(300497) , Guangdong Topstar Technology Co.Ltd(300607) , fell by more than 10% in early trading.
