Main recommendations
Under the background of steady investment and short board, the National Development and Reform Commission intensively approved large-scale infrastructure.
The sales of new energy vehicles continue to grow, and the industry has a good development prospect.
Market review
Market comments: the market is repeated. It is suggested to control the position and rhythm reasonably and flexibly, and keep the rhythm of fast-forward and fast-out.
Macro: Has the wind changed? 20 18 the most important public speech by Yi Gang, governor of the central bank.
Media industry: The authoritative release policy of the Film Bureau further firmly supports the development of the film market in China.
Futures information
Metal energy: gold 280. 10, down 0.27%; Copper 489 10, down 0.61%; Rebar 3469, up1.43%; Rubber 1 1275, flat; The PVC index was 63 15, up by 0.32%; Zheng Chun 2485, up1.64%; Shanghai aluminum 13650, down 0.11%; Shanghai Nickel 89 1 10, up 0.10%; Iron ore was 489.0, up1.24%; Coking coal 1306.0, up by 0.97%; Coke 2 102.5, up 0.05%; Brent oil is 60.66, flat.
Agricultural products: soybean oil 5282, down 0.53%; Corn 1880, up by 0.05%; Palm oil 44 12, up 0.36%; Cotton 15250, up by 0.39%; Zheng Mai 2542, down 0.43%; White sugar 4975, up 0.97%; Apple 1 1338, down 0.50%.
Exchange rate: Euro/USD 1. 13, down 0.55%; USD/RMB 6.90, up 0.37%; USD/HKD7.81,down 0.03%.
Main recommendations
1. Under the background of steady investment and short board, the National Development and Reform Commission intensively approved large-scale infrastructure.
Event: On June 5438+February 65438+April, Meng Wei, spokesman of the National Development and Reform Commission, said that on June 5438+065438+ 10, the National Development and Reform Commission * * * approved 13 fixed assets investment projects, with a total investment of 24.2 billion yuan, of which 9 were approved and 4 were approved. The project mainly focuses on high technology, transportation and other fields.
Comments: According to the relevant data released by the National Development and Reform Commission, since the third quarter of this year, domestic investment in fixed assets has shown an obvious growth trend. In the third quarter of this year, the amount of fixed assets investment projects approved by the National Development and Reform Commission was 4.8 times that of the second quarter and 2.6 times that of the first quarter. Railway construction, as one of the protagonists of "stable investment", has a good growth momentum. Since the fourth quarter, the National Development and Reform Commission has intensively approved a number of railway construction projects, involving nearly 100 billion investment in fixed assets. With the increasing downward pressure on the economy, the focus of macroeconomic regulation and control has gradually shifted from deleveraging to steady growth, and policies have frequently released loose signals, and infrastructure has become the focus of steady growth; The policy has been continuously strengthened, the approval of major projects has been accelerated, and the short board has entered the landing period. Stimulated by the transmission of special debt funds to investment and construction, the gradual easing of credit environment and the recovery of transportation investment, infrastructure investment bottomed out. In the current economic environment, railway investment is expected to accelerate again, and the demand trend of rail transit equipment is upward.
(investment consultant? Zhong Yanling? Certificate number of registered investment consultant. :S02606 13020024)
2. The sales volume of new energy vehicles continues to grow, and the industry has a good development prospect.
Event: China Automobile Industry Association recently released the overall sales data of the new energy vehicle market, showing that the cumulative sales in the previous month exceeded 1 1 10,000 vehicles, reaching 1 02.98 million vehicles, a year-on-year increase of 68%. This means that in the first 1 1 month, the sales volume of new energy vehicles in China has exceeded one million.
Comments: The data shows that the production and sales of new energy vehicles in China in that month were 1 1.73 million and 1.69 million respectively, up by 36.9% and 37.6% respectively. 1- 1 1, the output of new energy vehicles in China 1053500 vehicles, up 63.63% year-on-year; 1- 1 1 cumulative sales have reached 1029800 vehicles, up 68% year-on-year. Affected by policy incentives, new energy vehicles have grown rapidly in recent years. Judging from the development law of new energy vehicles in recent years, the fourth quarter is the outbreak period of sales. It is estimated that new energy vehicles will maintain rapid growth in June and February this year, and the total sales volume of new energy vehicles in the whole year is expected to exceed 1.2 million, and it is expected to reach 1.6 million in 20 19. Since the beginning of this year, the new energy automobile market has maintained a high growth trend in the overall downturn of the automobile market. This also consolidates China's position as the leading market of new energy vehicles in the world. New energy vehicles are a rare industry with high growth certainty in A-shares, with clear growth in the short, medium and long term.
(investment consultant? Zhong Yanling? Certificate number of registered investment consultant. :S02606 13020024)
Market review
1, market comments: the market is repeated. It is suggested to control the position and rhythm reasonably and flexibly, and keep the rhythm of fast-forward and fast-out.
Last week, A shares continued to fluctuate weakly, and the wait-and-see mood of funds was strong. With the holding of important meetings at the end of the year, the A-share market will usher in stable and positive expectations, and there is no need to be overly pessimistic about the short-term correction. The A-share market in the afternoon is still in the direction of bottoming out and stabilizing. In operation, it is suggested to control the position and rhythm reasonably and flexibly, keep the rhythm of fast-forward and fast-out, and pay attention to the varieties with clear performance growth and reasonable valuation on dips. It is suggested to pay attention to big consumption, big finance, mixed reform of state-owned enterprises and excellent technology stocks. 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)
2. Macro view: Has the wind changed? 20 18 the most important public speech by Yi Gang, governor of the central bank.
Yi Gang said that monetary policy needs to be flexibly adjusted according to changes in the economic situation, and counter-cyclical regulation should be strengthened. If the economy is overheated or there is a bubble in asset prices, it is necessary to "slowly vent" and "soft landing" to achieve smooth adjustment; When the economy falls into recession or encounters external shocks, monetary policy should stabilize the financial market in time and enhance public confidence.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
3. Media industry: The authoritative release policy of the Film Bureau further firmly supports the development of the film market in China.
The authoritative distribution policy of the Film Bureau firmly supports the development of China's film market, which is expected to further strengthen the confidence of practitioners, and with the support of more balanced terminal laying and good cinema facilities, the content will blossom and the film market will become bigger and stronger. We are optimistic about the first-Mover advantage of the downstream of the industrial chain in the high-quality business circle.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)