Main recommendations
Li Keqiang: China's economy will definitely achieve positive growth this year.
Lenovo: In June, the retail sales of generalized passenger cars increased by 7.8% year-on-year, 5438+065438+10.
Market review
Market comment: Recently, the game of A-share equity funds is dominant, the operation is not radical, and the rhythm is reasonably grasped.
Macro view: The increase of 5G penetration rate brings demand, and the price of LTCC components rises sharply.
Machinery industry: It is expected that excavators will close strongly throughout the year and the manufacturing boom will continue to pick up.
Futures information
Metal energy: gold 39 1.02, up1.48%; Copper 56950, down 0.71%; Rebar 39 18, up 0.75%; Rubber 14570, down1.95%; The PVC index was 7670, up by 0.13%; Zheng Chun 2253, down 0.97%; Shanghai Aluminum 15925, down 0.99%; Shanghai nickel 12 1630, up1.64%; Iron ore was 924.0, down 0.22%; Coke is 2488.5, down 0.88%; Coking coal 1504.0, down 0.50%; Brent oil was 48.75, up 0.31%; Crude oil was 298.3, down 3.05%;
Agricultural products: soybean oil 74 18, down 2.96%; Corn 2580, down1.30%; Palm oil 6446, down 2.13%; Zheng Mian 14550, up 0.14%; Zhengmai 26 13, down 0.11%; Sugar 5022, up 0.18%; Apple 6695, up 0.06%; Jujube 9735, up 0.26%;
Exchange rate: EUR/USD 1.2 1, down 0.01%; USD/RMB 6.53, up 0.02%; USD/HK$ 7.75, flat.
Second, the key recommendation
1, Li Keqiang: China's economy will definitely achieve positive growth this year.
Event: People's Republic of China (PRC) Li Keqiang, Premier of the State Council of the People's Republic of China met with IMF Managing Director Georgieva in the Great Hall of the People on the morning of February 8. Li Keqiang said that not long ago, I held the fifth "1+6" round-table dialogue with the president and the heads of several major international economic institutions. All parties have clearly expressed their commitment to maintaining multilateralism and working together to meet global challenges. The International Monetary Fund (IMF) has played an important role in promoting free trade and world economic development, and hopes to continue to make efforts to promote the formation of multilateral consensus. As the largest developing country, China is willing to make its due contribution to this. Li Keqiang introduced the current economic situation in China and pointed out that China's economy will definitely achieve positive growth this year, which is not easy for a country with a population of 654.38+0.4 billion. At present, the world economy is developing in the direction of recovery, but it still faces some uncertain factors. We will continue to make overall plans for epidemic prevention and control and economic and social development, maintain the continuity, stability and sustainability of macro policies, and strive to keep China's economy within a reasonable range.
Comments: In the first three quarters of this year, domestic GDP achieved positive growth, which is unique among the major economies in the world. With the epidemic under effective control, a number of macroeconomic indicators show that the domestic economic recovery will accelerate in the second half of the year, and it is expected that China's economy will achieve positive growth this year. In the context of fundamental improvement, the market has the basis to continue to fluctuate higher.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
2. Association: In June, the retail sales of generalized passenger cars increased by 7.8% year-on-year, 5438+065438+10.
Event: In June, the retail sales of passenger car market reached 208 1 000, 1 1 000, an increase of 8.0% compared with last year, achieving the highest growth rate of around 8% for five consecutive months. This year, the cumulative growth rate of retail sales in the month of1-1was -8.3%, which was 2 percentage points higher than the cumulative growth rate in the month of 1- 10, reflecting the steady recovery trend of the industry.
Comments: in June 165438+ 10, the domestic auto market maintained a high growth trend year-on-year. With the approach of the Spring Festival and the gradual introduction of new models of car companies, the year-end momentum and marketing activities are carried out, and the year-on-year growth trend of car sales is expected to continue. With the strong recovery of domestic economy, it is expected to give a good boost to automobile sales, and there is room for industry sales and performance to exceed expectations in the future.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Third, the market review
Market comment: Recently, the game of A-share equity funds is dominant, the operation is not radical, and the rhythm is reasonably grasped.
On Tuesday, the indexes of A were mixed, and the GEM was relatively strong. On the surface, wine-making, precious metals, automobiles, materials industry and electronic components were among the top gainers, while steel, agriculture and animal husbandry, feed and fishery, public utilities, paper-making and printing, and pesticides were among the top losers. Plate speculation continues to divide, and the game of A-share equity funds is dominant near the end of the year. It is expected that the market will continue to fluctuate upward in the short term, and the operation will not be radical. It is more reasonable to grasp the rhythm and participate. In terms of industry allocation, we can pay attention to the following main lines: 1), and pay attention to the blue chips of finance and transportation such as banks and insurance with low valuation; 2) Pay attention to procyclical industries such as nonferrous metals, chemicals and automobiles; 3) Pay attention to digital currency, semiconductors, new energy and high-end equipment. The stock market is risky, so you need to be cautious in investing.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
Macro view: The increase of 5G penetration rate brings demand, and the price of LTCC components rises sharply.
Event: According to media reports, with the increasing popularity of 5G mobile phones and the increasing popularity of WiFi applications, the gap between supply and demand of low-temperature co-fired ceramics (LTCC), a key component of RF front-end, continues to widen. According to the supply chain, the latest quotation of LTCC products delivered by Huaxin Branch to dealers has increased by 30%, and the spot market of dealers has increased by 50%, which is the key electronic component with a relatively large increase at present.
Comments: LTCC uses ceramics as the circuit substrate material, and the materials of ceramics and silicon are quite close, which is suitable for connecting with chips and has the characteristics of current resistance, high temperature resistance and small volume. It is especially suitable for high-frequency short-wave 5G environment and portable electronic products that pay attention to thinness and shortness. With the entry of smart phones into the 5G era, the consumption of LTCC has increased from 35% in the 4G era to 10% 18, an increase of 30%. In addition, the demand for Netcom and base stations has greatly increased, which has led to a great increase in the demand for LTCC. Relevant leading companies that benefit from it deserve special attention.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
Machinery industry: It is expected that excavators will close strongly throughout the year and the manufacturing boom will continue to pick up.
It is predicted that the excavator will close strongly in the whole year, and the manufacturing boom will continue to rise: according to the analysis and judgment, the scheduling of major main engine plants and parts factories will be upward in May 438+February, and the export growth rate will continue to recover. It is estimated that the industry sales in February 65438+February will maintain a growth rate of more than 50%, and it is expected to close strongly throughout the year. The annual sales volume has exceeded 320,000 units, a record high, and the industry leaders have benefited significantly as a whole.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)