3 articles on which industries will benefit from recovery in 2022

Stocks are a component of the capital of a joint-stock company and can be transferred and bought and sold. They are the main long-term credit instrument in the capital market, but the company cannot be required to return it. its investment. Here, the editor will share with you which industries will benefit from recovery in 2022, so that you can learn more easily.

What industries will benefit from recovery in 2022?

The contents of recent securities research reports are summarized as follows:

1) Condiments and food processing

Since At the end of 2021, as some condiments began to increase prices, the scissor gap between PPI and CPI narrowed, the growth rate of food processing performance narrowed from -30% to -13% in Q1, and seasoning and fermented products rebounded from -3.7% to 12.7% in Q1. %. However, due to the outbreak of the epidemic, the demand side has been greatly impacted, resulting in the gradual weakening of the transmission of price increases (especially the toB side has been greatly affected, and catering may account for about 50% of condiments). As the impact of the epidemic weakens, toB demand is restored, and the dilemma reversal logic is expected to continue.

2) Tourism hotels and restaurants

Due to the impact of the epidemic in the past two years, residents’ travel and regular offline consumption scenarios have been greatly restricted. The low base effect brought about by 20 years has After fading in 2021, the performance growth rate in 22Q1 dropped sharply again. As the impact of the epidemic in Shanghai and Beijing gradually subsides, residents' offline scenes are expected to recover (at least temporarily). Judging from the consensus forecast of Wind for the whole year of 2022, the current expected growth rate of tourism and attractions is 116%, and the expected growth rate of hotels and catering is 237%; however, it is estimated that under the background of normalized epidemic prevention and control, the recovery of the prosperity will be Repeatedly, so currently we are looking at more transactional opportunities.

3) Pharmacy

The performance of the pharmacy sector in 2022 is expected to usher in restorative growth. The slowdown in performance growth in 2021 is mainly due to repeated epidemics, high base numbers, changes in rental accounting standards, etc.; in the short term, the impact of the epidemic has gradually slowed down, and pharmacy same-store sales are improving; in the medium term, the expansion of leading pharmacy stores has been steadily promoted. The increase in market share is expected to further increase.

4) Xinchuang

The 2020-2021 Xinchuang pilot has achieved positive results. Since 2019, Xinchuang has completed the replacement of provincial and municipal electronic official document systems, and finance, operators, etc. have also launched pilot projects in the industry. Although the implementation process has experienced intensified competition and the purchase price is lower than expected, in the process, We have seen that the Xinchuang domestic ecology has taken initial shape, the industrial competition pattern has gradually become clearer, and key product iterations have made significant progress. After the impact of the epidemic on short-term demand and delivery is marginally weakened, it can be used as a predicament to reverse the layout direction.

What are the stocks that will benefit from the recovery in 2022

Duty-free: Hainan passenger flow dropped sharply year-on-year in March, and China Duty Free Q1 net profit is expected to drop slightly year-on-year

China Duty Free in 2022 From January to February, the company achieved operating income of approximately 13.1 billion yuan, a year-on-year increase of approximately 20%; net profit attributable to the parent company was approximately 2.4 billion yuan, a year-on-year increase of approximately 20%; net profit margin attributable to the parent company was approximately 18.3%, a year-on-year increase of 2.6pct, excluding The year-on-year increase after the interference of income tax preferential treatment was about 0.8pct. The bank believes that this was mainly due to the relatively high proportion of individual tourists during the peak tourist season in Hainan from January to February, the universal discount of China Duty Free Hainan to 85% off, and the company began to pay management fees this year. To be efficient, focus on assessing profit indicators.

Hotels: Spring Festival is the traditional off-season, and March was affected by the epidemic, which put pressure on 22Q1 performance

According to STR data, my country's hotel Occ 43.4% from January to February 2022, + year-on-year 3.6pct; ADR415.8 yuan, +7.8% year-on-year; RevPAR180.6 yuan/room night, +17.6% year-on-year. In March, the epidemic was spreading in many places across the country. The bank expects that the Occ of the hotel industry in March will decline significantly year-on-year.

Aviation: Oil prices are rising, demand is affected by the epidemic, and losses in 22Q1 are expected to expand year-on-year

The performance of Spring Festival transportation is better than that of the previous year. Demand in March was greatly affected by the local epidemic, and oil prices are expected to rise. Airlines' performance is under pressure in 22Q1, and losses may expand year-on-year.

The company’s daily average flight volume is about 186, and the average daily flight volume in 22Q1 is about 160 flights. The bank estimates that the company’s net profit attributable to the parent company in 22Q1 is about -200 million yuan.

Airport: Due to local epidemics in Shanghai and Shenzhen, losses in 22Q1 may expand year-on-year

Civil aviation passenger traffic during the Spring Festival increased by 13% year-on-year in 21st, and travel demand in March was disrupted by local epidemics in many places . Data released by the Civil Aviation Administration of China shows that my country’s airport companies lost 5.2 billion yuan from January to February 2022. The bank expects the losses of listed airports in 22Q1 to expand year-on-year.

What are the promising industries and stocks in 2022?

1. Industries whose performance has reversed after the implementation of the negative impact of centralized medical insurance procurement

This is the pharmaceutical and medical industry. The pharmaceutical and medical industry has experienced two rounds of sharp rise and fall this year, and is now at the bottom of the second round of sharp decline. In the second half of the year, the pharmaceutical and medical industry experienced two rounds of centralized pharmaceutical purchases. Coupled with factors such as poor market conditions and rotation of industry funds, the industry is currently down more than 30% from its high point at the beginning of the year, and the share prices of many stocks have been cut in half.

But in fact, many high-quality pharmaceutical and medical stocks have not been greatly affected by centralized purchasing. As the centralized purchasing of medical insurance gradually comes into effect, the pharmaceutical and medical industry will use its performance to prove that it is still the most worthy investment in A-shares. One of the long-term industries.

Related stocks: Hengrui Pharmaceutical, Mindray Medical, Huadong Pharmaceutical, Ganli Pharmaceutical, Hualan Biotech, Lepu Medical, etc.

2. Industries that are favorable for the restoration of social and economic order in the post-epidemic period

The post-epidemic period does not mean that the epidemic is about to end, but that the domestic vaccination rate has reached a certain level after the epidemic prevention policy The transformation has accelerated the restoration of social and economic order.

There are many industries in these industries, such as tourism, hotels, movies, entertainment, etc., but I am not optimistic about these industries. The main reason is that there are no long-term leading stocks in these industries, and stock selection is too difficult.

But there is one industry with the strongest certainty: airport stocks. Representative stocks are: Shanghai Airport, Baiyun Airport

3. Industries that are favorable under the carbon neutrality policy

In the next year or two, carbon neutrality will be a must-talk at almost every important meeting. important issues. The country has formulated long-term planning goals of "carbon peaking" and "carbon neutrality" that last for decades. With the strong support of national policies, the development prospects of carbon neutrality-related industries are still huge.

Representing industries: new energy vehicles (lithium batteries), photovoltaics, and wind power.

Relevant stocks:

CATL, BYD, Enjie, Ganfeng Lithium, Yiwei Lithium Energy, Pioneer Intelligence

LONGi, Sungrow , Tongwei Co., Ltd., Zhonghuan Co., Ltd.

Goldwind Technology, Mingyang Intelligent, Tianshun Wind Energy

4. Consumption recovery industries transmitted from PPI to CPI

This year The price of raw materials has soared, causing the gap between PPI and CPI to reach record highs. High costs on the enterprise side have become a major pressure on corporate profit growth. In the fourth quarter, industries including food and home appliances set off a wave of price increases. Prices will be transmitted to the consumer side by enterprises in 2022. According to the trend, companies with pricing advantages will usher in performance recovery.

Represented industries: food and beverage, home appliances, chemical raw materials

Related stocks: Haitian Flavor Industry, Fuling Mustard, Zhongju High-tech, Midea Group, Wuliangye, Luzhou Laojiao, Yanghe Shares

5. The Internet industry has suffered the largest retracement in history under anti-monopoly policies

This year, under the influence of Internet anti-monopoly, anti-monopoly and other policies, Internet giants have suffered the largest setback in history. Maximum retracement. However, these Internet giants have hundreds of millions or more than one billion users, and the services they provide are irreplaceable in the short term. Therefore, the impact of the policy has not harmed their core values. The benefits have been exhausted, and the return of value is worth looking forward to.

Representative industry: China Concept Internet

Related stocks: Tencent Holdings, Alibaba, Meituan

6. High-tech industries that benefit from high-quality development

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High-quality development is also a theme frequently mentioned in important national conferences in recent years. The core of high-quality development is the development of science and technology and innovation. Therefore, high-tech industries and individual stocks will continue to benefit.

Representing industries: chips, semiconductors, artificial intelligence, servers, etc.

Related stocks: Weill, Unisoc, GigaDevice, Wingtech, Hikvision, CVTE, UFIDA Network

7. The securities industry in the context of the increasingly prosperous investment market

The performance of the securities industry is closely related to the prosperity of the securities market. The number of A-share investors in the past two years The daily trading volume has soared by nearly 80% compared to the previous two years, and the securities industry has frequently reported good results, but the stock price has never fully unleashed the benefits of the surge in performance. But as long as A-shares continue to maintain high trading volume, there will always be good times for the securities industry to cash in.

Related stocks: CITIC Securities, Oriental Fortune, CITIC Construction Investment

8. Undervalued building materials stocks under the premise of "stabilizing the economy"

The central economy at the end of the year The meeting mentioned that in 2022, "stability is the top priority" for economic work, stabilizing investment, expanding the scope of use of special bonds, prudent and loose monetary policy, timely RRR cuts and interest rate cuts to stimulate the economy, and a series of policy supports that will effectively stimulate the infrastructure industry.

The infrastructure industry itself is at an undervalued level. Then national policies begin to blow warm winds, and the infrastructure industry is expected to recover. Among them, representative building materials stocks are worthy of attention.

Related stocks: Conch Cement, Sany Heavy Industry, Oriental Yuhong