Main recommendations
Bureau of Statistics: CPI rose by 3.3% in April.
China Xintongyuan: In April, the overall shipment volume of the domestic mobile phone market increased by 14.2% year-on-year.
Market review
Market comment: Before the two sessions, the market hesitated, waiting for the meeting to set the tone before choosing the direction.
Macro perspective: Bureau of Statistics: CPI increased by 3.3% and PPI decreased by 3. 1% in April.
Game industry: Epidemic isolation has promoted the rapid growth of data traffic such as online entertainment and online games.
Futures information
Metal energy: gold 382. 14, down 0.27%; Copper 42930, down1.45%; Rebar 3440, up 0.35%; Rubber 10490, down1.18%; The PVC index was 5660, down1.91%; Zheng Chun 1736, down1.87%; Shanghai Aluminum 12435, down 0.68%; Shanghai nickel 10 1050, down1.12%; Iron ore was 633.5, up 0.88%; Coke 1738.0, up by 0.29%; Coking coal 1 1 14.0, up by 2.53%; Brent oil was 32. 16, down 2.93%;
Agricultural products: soybean oil 5340, down1.29%; Corn 2049, down 0.44%; Palm oil 4368, down 2.11%; Zheng Mian 1 1540, down1.37%; Zheng Mai 2500, up 0.48%; Jujube 10245, down 0.10%; Sugar 5020, down1.36%; Apple 9260, up 0.79%; 3,250 eggs, down 3.42%; Rapeseed 4400, up 3.43%;
Exchange rate: Euro/USD 1.08, up by 0.38%; USD/RMB 7.08, down 0.22%; USD/HK$ 7.75, up 0.0 1%.
Second, the key recommendation
1, Bureau of Statistics: CPI rose by 3.3% in April.
Event: In April 2020, the national consumer price rose by 3.3% year-on-year. Among them, cities rose by 3.0% and rural areas rose by 4.0%; Food prices rose by 14.8%, while non-food prices rose by 0.4%. Consumer goods prices rose by 4.7%, and service prices rose by 0.9%. From June to April, the national consumer price rose by an average of 4.5%.
Comments: The decline of CPI is in line with expectations. Under the background of resuming production and the continuous decline of pork prices, CPI is expected to usher in a downward turning point. With the confirmation of the downward trend of inflation, there is more room for policy adjustment, and we are cautiously optimistic about the performance of the market outlook.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
2. China ICT Institute: In April, the overall shipment volume of the domestic mobile phone market increased by 14.2% year-on-year.
Event: China Xintong Institute reported that in April 2020, the domestic mobile phone market shipped 4 1.728 million units, up14.2% year-on-year; From June 5438 to April, the total shipments of domestic mobile phone market totaled 906,865,438+million units, down 20. 1% year-on-year. In April, the domestic market shipped16.382 million mobile phones, accounting for 39.3% of the mobile phone shipments in the same period. From June to April, the cumulative domestic market shipments were 3044 1 10,000 mobile phones.
Comments: With the easing of the domestic epidemic, the previous backlog of consumer demand was gradually released, which boosted the substantial growth of domestic mobile phone shipments in April. What's more noteworthy is that the shipments of 5G mobile phones have increased significantly from the previous month, and the proportion has also increased significantly. In the context of the continuous decline in the price of 5G mobile phones, it is expected that the proportion of shipments of 5G mobile phones will continue to increase, which is beneficial to companies related to the industrial chain.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Third, the market review
Market comment: Before the two sessions, the market hesitated, waiting for the meeting to set the tone before choosing the direction.
The market fluctuated and differentiated on Tuesday. At the close, the Shanghai Composite Index reported 289 1.56 points, down 0. 1 1%, with a turnover of 238.5 billion yuan. The Shenzhen Component Index reported 1 10 15.56 points, up 0.42%, with a turnover of 360.9 billion yuan; The index hit 2 124. 15, up 1.0 1%, and the transaction was 1 197 billion yuan. From the disk, food processing, agricultural machinery, medicine and biology are in the forefront of the plate's increase list, while media, digital currency and cloud office are in the forefront of the plate's decline list. The market sector is clearly divided into hype. At present, the time of the two sessions is determined, and the market hesitates before the meeting, and then chooses the direction after the meeting sets the tone. In the short term, we expect the market to remain volatile. It is recommended to be cautious and optimistic in operation, but not too radical in chasing high. It is recommended to pay attention to new and old infrastructure, 5G, new energy, education and medical care, and driverless sectors on dips. 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 perspective: Bureau of Statistics: In April, CPI increased by 3.3%, while PPI decreased by 3. 1%.
Event: National Bureau of Statistics: In April, the price of food, tobacco and alcohol increased by 1 1.3% year-on-year, which affected the CPI (Consumer Price Index) to increase by about 3.39 percentage points. In food, the price of livestock meat rose by 66.7%, which affected the CPI by about 2.97 percentage points, among which the price of pork rose by 96.9%, which affected the CPI by about 2.36 percentage points; The price of aquatic products rose by 2.3%, which affected the CPI by about 0.04 percentage points; The increase in grain prices 1.2% affected the CPI by about 0.02 percentage points. The price of fresh fruit decreased by 10.5%, which affected the decrease of CPI by about 0.2 1 percentage point. The price of fresh vegetables dropped by 3.7%, which affected the CPI by about 0. 10 percentage point. The price of eggs dropped by 2.7%, which affected the CPI by about 0.02 percentage points.
Comments: CPI is generally stable. In April, CPI was -0.9% month-on-month and +3.3% year-on-year. Food prices have generally declined, and inflationary pressures have continued to ease. It is expected that both food and non-food will gradually return to the historical seasonal average, and the judgment of CPI decline will remain unchanged during the year. Combined with high-frequency data and policy signals, PPI may have reached a low point, and the year-on-year data remains to be seen. It is suggested that appropriate attention should be paid to the varieties benefiting from inflation in stages.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
Game industry: Epidemic isolation has promoted the rapid growth of data traffic such as online entertainment and online games.
Game industry: In 20 19, the revenue of listed game companies increased by 25%, exceeding the growth rate of the game industry disclosed by the Game Working Committee 18%. The overall performance of the performance disclosure in the first quarter was good, focusing on the high-performance investment value of the game sector and its related leading stocks under market fluctuations.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)