Key recommendations
The State Administration for Market Regulation sent a letter to 8 provinces and cities: Conducting a special survey on the price of melt-blown cloth
China Academy of Information and Communications Technology: Domestic mobile phone shipments in February The sales volume of 6.384 million 5G mobile phones accounted for 37.3%
Market Comments
Market Comments: Panic has spread around the world, and A-shares have not been able to survive alone
Environmental Protection Industry: Many Policies were released closely, and the fundamentals of the industry continued to improve
Futures Information
Metal energy: gold 374.14, down 0.64%; copper 43870, down 2.64%; rebar 3449, down 0.29 %; Rubber 10460, down 5.6%; PVC index 6130, down 2.23%; Zheng Chun 1939, down 4.95%; Shanghai Aluminum 12895, down 2.13%; Shanghai Nickel 99510, down 3.51%; Iron Ore 629.5, down 2.78%; Coke 1814, down 0.38%; coking coal 1248, down 0.16%; crude oil 338.9, down 5.99%;
Agricultural products: soybean oil 5536, down 3.96%; corn 1956, down 0.10%; palm oil 4914, down 4.95% ; Cotton 12330, down 3.90%; Zhengmai 2511, down 0.79%; Sugar 5579, down 2.25%; Apple 7014, up 0.91%;
Exchange rate: EUR/USD 1.1435, up 1.28%; USD/ RMB 6.9531, up 0.30%; USD/HKD 7.7722, down 0.01%.
(The above futures data come from Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange)
New stock tips?
1. Jianke Machinery, Subscription code 300823, subscription price 16.58 yuan;
2. Jiahua Technology, subscription code 787051, subscription price 50.81 yuan.
Key recommendations
1. The State Administration for Market Regulation sent a letter to 8 provinces and cities: carrying out a special investigation on the price of melt-blown fabrics
The Paper News Report, National Market Supervision and Management The General Administration has issued an emergency notice to the market supervision bureaus of eight provinces and cities, including Zhejiang and Jiangsu, requesting a special investigation into the price of melt-blown non-woven fabrics to ensure price stability.
Melt-blown non-woven fabric, referred to as melt-blown fabric, is the key material for the filtration function of masks and is called the "heart" of medical masks and N95 masks. Since the fiber diameter of melt-blown cloth can reach 1 to 5 microns, it has good filtering, shielding, thermal insulation and oil absorption properties.
Affected by the COVID-19 epidemic, the use of masks across the country has surged, and the melt-blown cloth required to produce medical surgical masks and N95 masks has become a bottleneck in expanding mask production capacity. The price of meltblown cloth has also soared, from the previous 20,000 yuan per ton to about 400,000 yuan per ton, with the unit price increasing nearly 20 times.
In order to further strengthen the price supervision of melt-blown non-woven fabrics and ensure price stability, the State Administration for Market Regulation requires local market supervision departments to carry out melt-blown non-woven fabric inspections on designated enterprises from March 5 to March 10. Special survey on cloth prices.
The State Administration for Market Regulation also requested in the above-mentioned notice, "Focus on investigating designated melt-blown non-woven fabric companies, give priority to handling melt-blown non-woven fabric price complaints and reports, and those suspected of violating the law must be resolutely investigated and dealt with in accordance with the law."
Comment: With the recent spread of the global epidemic, the hype of individual stocks in the mask industry chain is almost crazy. Relevant national departments have launched an investigation to ensure the price stability of meltblown cloth, which will be negative for the speculation of related stocks. As central enterprises such as Sinopec join the melt-blown cloth production team, the tight supply and demand situation of melt-blown cloth will gradually be alleviated. In terms of operation, it is not recommended to continue to participate in the pursuit of high speculation in related stocks.
(Investment consultant? Cai Jin? Registered investment consultant certificate number: S0260611090020)
2. China Academy of Information and Communications Technology: Domestic mobile phone shipments in February were 6.384 million units, accounting for 37.3% of 5G mobile phones %
On March 9, China Academy of Information and Communications Technology released an analysis report on the domestic mobile phone market operation in February 2020.
The report pointed out that the overall domestic mobile phone market shipments in February 2020 were 6.384 million units, a year-on-year decrease of 56.0%, including 43,000 2G mobile phones, 3.960 million 4G mobile phones, and 2.380 million 5G mobile phones. From January to February 2020, the overall domestic mobile phone market shipped 27.197 million units, a year-on-year decrease of 44.0%, including 389,000 2G mobile phones, 18.964 million 4G mobile phones, and 7.845 million 5G mobile phones (accounting for approximately 37.3%).
Smartphone shipments in February 2020 were 6.341 million units, a year-on-year decrease of 54.7%, accounting for 99.3% of mobile phone shipments during the same period, of which Android phones accounted for 92.2% of smartphones. From January to February 2020, smartphone shipments were 26.707 million units, a year-on-year decrease of 42.1%, accounting for 98.2% of mobile phone shipments during the same period, of which Android phones accounted for 89.5% of smartphones.
Comment: The halving of mobile phone shipments is not good news for individual stocks in the smartphone industry chain.
Relevant stocks have accumulated considerable gains in the past six months, and the short-term trend is not optimistic.
(Investment consultant? Cai Jin? Registered investment consultant certificate number: S0260611090020)
Market Comments
1. Market Comments: Panic spreads around the world, A shares Unable to survive alone
The market opened lower and fluctuated on Monday, and fell again in the afternoon. The GEM index fell more than 4% and fell below the 20-day moving average. The mask sector continued to be active. Affected by the external market, the index collectively opened lower. After the opening, the index fluctuated and fell. Large consumer goods, petrochemicals and oil industries collectively fell sharply. After the two markets dipped in the afternoon, they rebounded slightly. Two barrels of oil rose strongly. Among them, Sinopec rose 4%, and the Shanghai Composite Index The decline narrowed. Towards the end of the trading session, the index fell again. As of closing, the Shanghai Stock Exchange Index fell 3.01%, the Shenzhen Component Index fell 4.09%, and the ChiNext Index fell 4.55%. In terms of sector concepts, the civil aviation and printing and dyeing sectors led the gains; the memory and Huawei Hongmeng sectors led the decline. ***523 stocks in the two cities rose, 89 stocks reached daily limit, and 87 stocks reached daily limit excluding new stocks; 3,234 stocks fell, and 86 stocks fell below limit. The net outflow of Shanghai Stock Connect was 8.70 billion throughout the day, and the net outflow of Shenzhen Stock Connect was 3.49 billion throughout the day.
The plunge in oil and the Australian stock market means serious risks in the global raw materials market, which directly reflects the global market's pessimistic expectations for the future economy. What we need to be more careful about at this time is that if peripheral banks continue to maintain the financial market by cutting reserve requirements and interest rates, then whether it is the Federal Reserve, Europe and Japan, especially those areas with negative interest rates, the monetary policy space will be very limited, and the emergence of a money market cannot be ruled out. Regulation is out of control, causing new financial problems. As for the country, as the epidemic stabilizes and the economy gradually returns to normal, the country still has many monetary and fiscal measures, so investors do not need to worry too much. At present, we should control our positions, watch more and move less. Below 2900, we can consider placing high-quality blue chips and high-quality technology stocks on dips.
(Investment consultant Zeng Zilei, registered investment consultant certificate number: S0260613090015)
2. Environmental protection industry: A number of policies have been released closely, and the fundamentals of the industry continue to improve.
Recently, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Guiding Opinions on Building a Modern Environmental Governance System" to guide the direction of the environmental protection industry in the next five years; the Central Agricultural Office and the Ministry of Agriculture and Rural Affairs proposed the 2020 Rural Habitat 50 measures for environmental improvement, 50 measures in 11 aspects were formulated, and requirements were set for the goals and tasks of the three-year action plan for rural residential environment improvement; ten ministries and commissions jointly issued the "Work Plan for Comprehensive Treatment of Waste in Medical Institutions", emphasizing the waste treatment in medical institutions Comprehensive management to achieve waste reduction, resource utilization and harmlessness.
Investment advisory comments: In January and February 2020, the proportion of environmental protection-related special bonds in new special bonds increased from 1.03% in the same period last year to 11.34%. The amount of funds obtained by the government for ecological and environmental protection increased significantly. Affected by the COVID-19 epidemic this year, the amount of medical waste across the country has increased dramatically. Effective and environmentally friendly treatment methods are necessary. Related subdivisions have given birth to many opportunities. At the same time, after the substantial adjustments in the environmental protection industry in the past few years, the sector has fallen back to a reasonable area. With the increase in special bonds, the environmental protection sector is expected to usher in valuation recovery opportunities. Investors are advised to pay attention to areas such as water environment governance and solid waste treatment. Related companies.
(Investment consultant Zeng Zilei registered investment consultant certificate number: S0260613090015)