Digging for opportunities in sector stocks when Qianlong is not using them, through the trial market of seeing the dragon in the field and the start of the leap in the abyss, until the bright sign of the flying dragon is started, and the time before the dragon has regrets Leaving the field, this is our pursuit, and it is also what we are always getting closer to. It’s hard, but that’s no reason to give up!
Investment quotes: Experience shows that the market speaks for itself, and the market is always right. Anyone who underestimates the ability of the market will eventually suffer losses! --[American] William O'Neil
Overview of the market: The market continues to rebound, core assets + fund heavy positions rebound moderately, pay attention to the short-term rise and fall
Carbon neutrality continues to lead the market. Although the sectors are differentiated, during the differentiation, there are The new substitutes will then enter a logical deep dive, so the low-level varieties in the environmental protection sector are expected to be active in turn.
The medical beauty sector has seen a daily limit trend, taking over from the high-sending sector that led the rise yesterday. If the price rises sharply, be careful to cash in and reduce your positions.
After the sub-new + Science and Technology Innovation Board oversold, market funds began to be tapped. Many stocks were launched after being cut in half, so there will be continuity in the short term. In addition to the absolute popular leaders Nanjing Energy, Shunwang Except for Bo Alloy, other investors should pay attention to the rush to cash out profits, and it is easy to spit them back if they are slow.
The concept of price increases has returned again. Coal, steel, papermaking, brewing, and chemical industries are all taking turns to be active. In the short term, they will continue to strengthen under the expectation of first quarter results.
Brokerage firms moved again during the session today, but due to volume and energy, any sudden pull in the session can be done by reducing positions. The continued rotation of the sector will be the norm in the future, and you cannot chase the rise.
Under the 14th Five-Year Plan, the rotation between sectors has become active, so it will be the norm to plan for low-level varieties in advance, wait for the policy fermentation to start, and then cash in profits.
Important news:
Central Bank: At the end of February, payment institutions’ reserves were close to 2 trillion yuan, an increase of 7.75% month-on-month.
Ministry of Commerce: Will continue to promote the revision of the negative list for foreign investment access.
Ministry of Finance: Stamp duty increased by 65.5% year-on-year from January to February.
Ministry of Transport: Organize and implement pilot applications of cutting-edge technologies such as autonomous driving and smart shipping.
NAFMII: Encourage companies to issue carbon-neutral bonds and green asset-backed notes.
Huawei signed a strategic cooperation agreement with Guangdong Energy Group Co., Ltd.
Shenzhen strictly investigates the illegal entry of business loans into the property market and intensifies the efforts, and will report typical problems discovered from time to time.
The Cyberspace Administration of China and the Ministry of Public Security interviewed 11 companies
Hainan Securities Regulatory Bureau: Support the establishment of various trading venues in Hainan in accordance with laws and regulations.
Industry benefits:
The price of propylene oxide continues to rise and reaches a record high, and the market outlook is expected to continue to run at a high and strong level
From the supply side, Saudi Sumitomo Equipment Maintenance status continues, the impact of the force majeure of the cold wave in the United States still exists, and imported cyclopropane is expected to remain at a low level. Domestically, it is difficult for new devices to produce stable output, and the maintenance plans of Shandong Xinyue and Shida Shenghua have been fulfilled. Propylene oxide supply is expected to be available this week. The volume shrank narrowly compared with last week. In terms of demand, downstream polyether and other industries just need support, and the shortage of raw materials such as foreign polyethers is temporarily difficult to alleviate. Therefore, downstream export orders are still good, providing support for propylene oxide demand. Taken together, after hitting a new historical high, propylene oxide is still easy to rise but difficult to fall in the short term, and overall it is expected to continue operating at a high level and on the strong side.
Hongbaoli (002165) is mainly engaged in the production and operation of rigid foam combination polyether, isopropanolamine and propylene oxide. The propylene oxide project is currently in full production.
Binhua Co., Ltd. (601678) has a designed propane oxide production capacity of 280,000 tons/year.
The first normative document for smart poles is released and implemented, lighting up the trillion-dollar market
Smart poles are an indispensable part of smart city construction. Smart poles are not a simple “multiple poles in one”; they are more like platform solutions and the “capillaries” for the future development of smart cities. According to predictions by authoritative organizations, by 2025, the market size of various hardware and services based on smart light poles in my country will reach 3.7 trillion yuan, accounting for 20% of the total smart city market size.
Huati Technology (603679) and the University of Electronic Science and Technology of China established the "Smart City Joint Laboratory" to carry out new scenario application development of smart light poles, focusing on artificial intelligence, image recognition, machine vision, AIOT and other technologies In the field of research and development, we develop urban smart parking systems and smart urban management image recognition systems.
Unilumin Technology (300232) smart light pole has been launched in Shenzhen, which can integrate multiple functions such as LED intelligent dimming, video playback, 5G signal base station, environmental monitoring, security monitoring, new energy vehicle charging, etc. .
China Southern Power Grid urges the integration of new energy sources and the construction or acceleration of the energy Internet
New energy sources such as photovoltaic and wind power have strong random fluctuations.
Guo Lili of Tianfeng Securities believes that the Energy Internet can enhance the interconnection among the elements of "source, grid, load, and storage", improve the intelligent dispatching capabilities of the power grid, and thereby promote the improvement of new energy consumption capabilities. In the context of high growth of new energy, the construction of energy Internet is expected to accelerate.
Henghua Technology (300365) has a series of BIM products in the field of clean energy design and management;
Xuji Electric (000400) is the leading integrated solution for power grid information and intelligence in China Solution service provider.
The price of calcium carbide with dual energy consumption control in Inner Mongolia has skyrocketed, which is good for PVC integrated enterprises
At this stage, calcium carbide manufacturers are affected by policies and have low operating conditions, and the market supply is limited. Downstream manufacturers are actively purchasing and have begun A new round of increases. At present, the total production capacity of calcium carbide enterprises in Inner Mongolia is about 11.78 million tons, accounting for 35.7% of the country's effective operating capacity. According to incomplete statistics from Zhuochuang Information, the enterprises in Inner Mongolia involving calcium carbide are shut down due to dual-control energy consumption, early maintenance, or production and power restrictions. The daily loss is about 4,200 tons, accounting for about 5.3% of the country's total output. 84.1% of calcium carbide downstream is used for the production of PVC. The reduction in calcium carbide supply, coupled with the high start-up of PVC, further amplifies the calcium carbide supply gap and intensifies the tight supply and demand situation of calcium carbide. Since my country proposed "carbon neutrality" related goals in September 2020, Inner Mongolia has begun to take the lead in introducing measures related to dual energy consumption controls. As a major coal energy supply province in my country, Inner Mongolia's introduction of dual energy consumption controls will serve as a clear demonstration. High energy-consuming industries will face strict review, new management and control, and inventory optimization. The industry is expected to gradually form policy "barriers." This will lead to a significant increase in the cost of outsourcing calcium carbide method companies, which will benefit domestic leading calcium carbide-PVC integrated companies in non-Inner Mongolia areas.
Beiyuan Group (601568) currently has 500,000 tons of calcium carbide production capacity, 1.1 million tons of PVC production capacity, 800,000 tons of caustic soda production capacity, and 2.2 million tons of industrial waste residue reuse cement production equipment.
Zhongtai Chemical (002092) currently has a calcium carbide production capacity of 2.38 million tons and a PVC production capacity of 1.83 million tons.
Individual stock announcements:
SF Holding (002352)’s express logistics business operating income increased by 22.21% year-on-year in February.
The net profit of Sifang Shares (601126) in 2020 will increase by 83% year-on-year, with a planned share price of 9.8 yuan per 10 shares.
Aoyuan Meigu: Plans to acquire 55% equity of Liantianmei for RMB 697 million
Hongda Blasting (002683) plans to acquire 46.1746% equity of Ji'an Chemical Industry for RMB 690 million.
Air China (601111) plans to purchase 18 Airbus A320NEO series aircraft.
Kuang-Chi Technology (002625) Shunde Industrial Base Project was officially put into production, with an annual output of 40,000 kilograms of metamaterial products.
Zhejiang Pharmaceutical (600216) increased capital and shares in its subsidiary Xinma Biotech, and introduced strategic investors such as Eli Lilly.
China Duty Free (601888) Sun Company plans to invest 3.69 billion yuan in the Sanya International Duty Free City Phase 1 Site 2 project.
Fii (601138) plans to acquire the US subsidiary of Hon Hai Precision Industry for US$77.63 million to expand local manufacturing capabilities in the United States.
Ciwen Media (002343) signed a strategic cooperation agreement with Migu Company.
The profit distribution plan in the annual report of Jinli Permanent Magnet (300748) is to convert 10 shares into 6 shares and distribute 2 yuan.
Pinggao Electric won the bid for the 1.458 billion yuan State Grid Project
The Zhongyuan Environmental Protection (000544) consortium won the bid for the 1.034 billion yuan Anyang County Ecological Corridor PPP project
New share subscription :
Deepwater Haina: Subscription code 300961, issue price 8.48 yuan/share, issue price-earnings ratio 15.86 times.
Xiangyu Medical: Subscription code 787626, issue price 28.82 yuan/share, issue price-earnings ratio 45.15 times.
Tuoer’s bond issuance: Subscription code 370229, rating AA-, share conversion value 96.19.
Sinosteel’s bond issuance: subscription code 070928, rating AA+, share conversion value 98.51.
Selected research reports:
Carbon neutrality is the world’s development trend:
my country has proposed the “30·60 goal” of peaking carbon neutrality. A series of supporting policies and industrial plans will be launched around this goal. Most countries in the world proposed carbon neutrality after reaching carbon peak. However, my country is still in the middle and late stages of industrialization and urbanization, and its energy demand is still in a period of growth. There is a long way to go to achieve the goal of carbon neutrality after peaking carbon emissions.
The carbon market is the economic guarantee for promoting carbon neutrality: The carbon emissions trading system (ETS) is a market-based policy tool for energy conservation and emission reduction. Reasonable policies can provide the most certain and reliable way to achieve carbon neutrality. The most cost effective solution. Five relatively mature and diversified carbon emissions trading systems have been formed abroad.
Based on the pilot market, CDM and CCER, my country officially opened a national unified carbon trading market on February 1, 2021.
The impact of EU carbon trading on the energy industry: Since the implementation of EU ETS, the EU’s overall carbon emissions have dropped significantly. Carbon emissions in 2019 dropped by 20% compared with 2005; among them, the electricity and heating sectors, manufacturing and Carbon emissions from the construction industry have dropped significantly. The energy structure is transforming towards clean energy. By the end of 2019, the proportion of clean energy power generation in the EU was nearly 60%. Renewable energy sources such as wind power, solar energy, and biomass energy are developing rapidly. Since new energy vehicles have not yet become popular, carbon emissions in the transportation sector have not dropped significantly. . The EU has developed an energy and climate policy package for 2030 and implemented the European Green Deal to support climate neutrality by 2050.
The impact of EU carbon trading on the market: The implementation of EU ETS will have an impact on product markets, industry competitiveness, corporate performance and capital markets. For the commodity market, carbon trading prices fluctuate in the same direction as related product prices, and EUA prices as costs may be passed on to industries such as electricity, steel, cement, and oil refining, causing product prices to rise accordingly. Regarding industry competitiveness, carbon prices may affect the short-term and long-term competitiveness of related industries. In terms of corporate performance, carbon prices can affect corporate performance by selling excess carbon emission quotas, increasing corporate carbon costs, or passing on costs, causing product prices to rise. As for the capital market reaction, the capital market reaction is related to changes in carbon prices. Carbon prices, as costs, affect corporate cash flow and indirectly affect corporate performance.
Risk warning: 1) Failure to implement carbon neutrality-related policies as expected will have a negative impact on the promotion of clean energy; 2) The economic advantages of clean energy are not obvious, resulting in clean energy promotion being less than expected; 3) The rapid progress of CCUS technology may delay the decline of traditional energy and have an impact on the development of new energy; 4) New energy technology develops rapidly, and the emergence of new technologies often replaces old technologies, which has a certain impact on related technology companies
The above is only a summary of personal learning and should not be used as a basis for operation. Operations based on this are at your own risk!