Main recommendations

Ministry of Commerce: A series of consumption promotion work will be carried out at the end of this year and early next year.

Ministry of Commerce: Start a new round of cars going to the countryside and trade in old ones.

Market review

Market comment: The pattern of short-term market shock consolidation is difficult to change, and the operation should be flexibly controlled to strengthen band participation.

Macro view: Due to the sharp increase in demand and low inventory, glass futures prices hit a record high.

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 385. 14, down1.45438+0%; Copper 57500, up 0.61%; Rebar 4046, up 2.59%; Rubber 14 175, down1.60%; The PVC index was 7975, up 2.31%; Zheng Chun 2342, up 2.54%; Shanghai Aluminum 16 150, up by 2.09%; Shanghai nickel 123600, up1.69%; Iron ore was 982.0, up 6.51%; Coke is 2564.5, up1.54%; Coking coal 1585.5, up1.77%; Brent oil 50.0, up 2.44%;

Agricultural products: soybean oil 7398, down 0.13%; Corn 260 1, up 0.31%; Palm oil 6482, up 0.19%; Zheng Mian 14550, up by 0.24%; Zhengmai 26 19, up by 0.27%; Sugar 5027, up1.15%; Apple 65 10, down1.88%; Jujube 9355, down 3.36%;

Exchange rate: EUR/USD 1.2 1, up 0.51%; USD/RMB 6.54, up 0.04%; USD/HK$ 7.75, flat.

Second, the key recommendation

1, Ministry of Commerce: A series of consumption promotion work will be launched at the end of this year and early next year.

Event: Ministry of Commerce: In order to further consolidate the sustained upward trend of consumption, the Ministry of Commerce will, together with relevant departments and localities, carry out a series of consumption promotion work from the aspects of market system construction, consumption promotion activities and creating a good consumption environment.

Comments: Domestic consumption is the biggest driving force of China's economy at present. Promoting consumption will contribute to further economic recovery. With the help of policies, fundamentals will form a strong support for the performance of the stock market.

(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)

2. Ministry of Commerce: Start a new round of cars going to the countryside and trade in old ones.

Event: The Ministry of Commerce held a regular press conference today. A spokesman for the Ministry of Commerce said that efforts will be made to promote the expansion of consumption of key commodities. For example, encourage relevant regions to optimize automobile purchase restriction measures, and carry out a new round of automobile going to the countryside and trade in old ones; Implement the policy of completely canceling the restrictions on the removal of used cars and improve the recycling system of scrapped cars; Actively develop the automobile aftermarket such as automobile maintenance, insurance and leasing, and smooth the circulation of new cars, used cars and scrapped cars. For another example, encourage qualified places to subsidize the elimination of old household appliances and furniture and the purchase of green smart household appliances and environmentally friendly furniture; Encourage the development of a new model of "recycling of waste materials in internet plus" and promote the upgrading of household appliances and furniture.

Comments: At present, there is still a big gap between China's per capita car ownership and developed economies. With the increase of residents' income, there is still a broad room for growth in automobile consumption. In the future, there is still room for further improvement in China's automobile production and marketing, and the upstream and downstream of the automobile industry chain will benefit for a long time.

(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)

Third, the market review

Market comment: The pattern of short-term market shock consolidation is difficult to change, and the operation should be flexibly controlled to strengthen band participation.

Major stock indexes rebounded slightly on Thursday. At the close, the Shanghai Composite Index rose 0.04% to 3,373.28 points, with a turnover of 32 1.6 billion yuan; The Shenzhen Component Index rose 0. 1 1% to 1373 1.34 points, with a turnover of 387.6 billion yuan. The index rose 0.77% to 27 18.55 points, with a turnover of 1.55 1 100 million yuan. On the surface, liquor, steel, oil and paper were among the top gainers, while automobiles, aquaculture, airport shipping and banks were among the top losers. On the whole, the sector is still divided and hyped, and the overall market sentiment is still cautious. It is expected that the short-term market will be difficult to change the pattern of shock consolidation, and the band participation should be flexibly controlled in operation. The stock selection can appropriately allocate enterprises that were affected by the epidemic in the early stage and are currently recovering, such as media, hotels, civil aviation, tourism, and some raw material industries. At the same time, we should pay attention to opportunities with high prosperity and relatively low valuation, such as automobiles and home appliances. 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: Due to the sharp increase in demand and low inventory, glass futures prices hit a record high.

Event: On the 9th, the main contract of glass futures closed up 2.2% to 1.998 yuan/ton, hitting a maximum of 2,037 yuan/ton in the day, which was the first round of 2,000 yuan in eight years since listing. Since 65438+February, the cumulative increase of glass futures has exceeded 8%. As of the week of February 4th, 65438, the inventory of domestic enterprises' finished float glass products was 27.75 million weight boxes, down by 16% compared with the same period of last month, hitting a new low of nearly seven years.

Comments: According to the analysis, although it has entered the winter, the snapping time in the north has been lengthened this year, and the off-season phenomenon has appeared in the glass spot market. Under the background of strict control of production capacity, it is expected that the increment of float glass production capacity will be very limited and the profit will still be high next year, so the operating rate and capacity utilization rate are expected to be at a high level. On the demand side, it is expected that the real estate industry will accelerate the pace of construction, completion and sales; The automobile industry maintains a strong growth momentum, the demand for glass is expected to be boosted, and the price still has a phased upward momentum. Relevant leading beneficiary companies 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)