Investment Quotations: Experience shows that the market will speak for itself and the market will always be right. Those who despise market ability will eventually suffer! -[America] William O 'Neill
Disk overview: The market continues to rebound, core assets+funds rebound moderately, and short-term concerns fall back.
Carbon neutrality continues to lead the market. Although the plate is divided, there are new substitutes in the differentiation, and then it will enter the logical deep excavation, so the low-end varieties of the environmental protection plate will be expected to take turns to be active.
There is a wave of daily limit in the medical and beauty sector, focusing on the high-transfer sector that led the rise yesterday to cash in and lighten up.
After the sub-new+scientific and technological innovation board oversold, it began to be tapped by market funds. Many stocks started after being halved, so they will be sustainable in the short term. Except for the absolute popularity of Wang Nan Energy and Shunbo Alloy, others who are concerned about cashing in profits are easily spit out.
The concept of price increase has returned again, and industries such as coal, steel, paper making, wine making and chemical industry are active in turn, and will continue to strengthen in the short term under the expectation of a quarterly report.
Today, the intraday brokers changed again, but subject to the volume and energy, a sudden intraday pull-up can lighten the position and make a T, and the continuous rotation of the plate is the next normal, and it cannot be chased up.
Under the 14 th Five-Year Plan, the rotation between plates has become active, and it will be the next normal state to make low-layout varieties as soon as possible, wait for the policy fermentation to begin, and then cash in profits.
Important news:
Central Bank: At the end of February, the reserves of payment institutions were close to 2 trillion yuan, up 7.75% from the previous month.
Ministry of Commerce: We will continue to promote the revision of the negative list of foreign investment access.
Ministry of Finance: Stamp duty increased by 65.5% in June and February.
Ministry of Transport: Organize and implement the pilot application of cutting-edge technologies such as autonomous driving and intelligent shipping.
Dealers Association: Encourage enterprises to issue carbon-neutral bonds and green asset-backed bills.
Huawei signed a strategic cooperation agreement with Guangdong Energy Group Co., Ltd.
Shenzhen will strictly investigate the illegal entry of operating loans into the property market and will report the typical problems found from time to time.
The National Network Information Office and the Ministry of Public Security interviewed 1 1 enterprise.
Hainan Securities Regulatory Bureau: Support Hainan to set up various trading places according to laws and regulations.
Good industry:
The price of propylene oxide continues to rise to a record high, and the market outlook is expected to continue to run at a high level.
On the supply side, the Sumitomo installation in Saudi Arabia continued to be overhauled, the cold wave force majeure in the United States still existed, and the imported propylene oxide remained low. It is difficult for domestic new devices to produce stably, and the maintenance plans of Shandong Xinyue and Shida Shenghua have been completed. It is expected that the supply of propylene oxide will shrink in a narrow range this week compared with last week. On the demand side, the downstream polyether and other industries just need support, and the shortage of foreign polyether and other raw materials is difficult to alleviate temporarily, so the downstream export orders are still good, which supports the demand for propylene oxide. On the whole, propylene oxide is still easy to rise and difficult to fall in the short term after hitting a record high, and it is expected to continue to operate at a high level.
Hongbaoli (002 165) is mainly engaged in the production and operation of rigid foam combination polyether, isopropanolamine and propylene oxide, and the propylene oxide project is produced at full capacity.
Hua Bin Co., Ltd. (60 1678) has a designed production capacity of 280,000 tons/year.
The release and implementation of the first normative document of Smart Bar will light up the trillion market.
Smart telephone poles are an indispensable part of smart city construction. Wisdom is far from a simple "multi-polar integration", but a platform-based solution and a "capillary" for the future development of smart cities. According to the forecast of authoritative organizations, by 2025, the market scale of various hardware and services with smart poles as the entrance in China will reach 3.7 trillion yuan, accounting for 20% of the total market scale of smart cities.
Huati Technology (603679) and the University of Electronic Science and Technology of China set up a joint laboratory of smart cities to develop new scene applications of smart lampposts, focusing on artificial intelligence, image recognition, machine vision, AIOT and other technical fields, and to develop smart parking systems and smart urban management image recognition systems.
Zhou Ming Technology (300232) intelligent light pole has landed in Shenzhen, which can integrate LED intelligent dimming, video playback, 5G signal base station, environmental monitoring, security monitoring, new energy vehicle charging and many other functions.
China Southern Power Grid urges new energy access and energy Internet construction or acceleration.
Photovoltaic, wind power and other new energy power have strong random fluctuations. Guo Lili, TF Securities, believes that the energy Internet can enhance the mutual linkage among the elements of "source, network, load and storage", improve the intelligent dispatching ability of power grid, and then promote the new energy consumption ability. Under the background of high growth of new energy, the construction of energy Internet is expected to speed up.
Henghua Technology (300365) has a series of BIM products in the field of clean energy design and management;
Xuji Electric (000400) is a leading integrated solution service provider for power grid informatization and intelligence in China.
The skyrocketing price of calcium carbide in Inner Mongolia is beneficial to PVC integrated enterprises.
At present, calcium carbide production enterprises are affected by the policy, with a low start and limited market supply. Downstream manufacturers actively purchase and start a new round of price increases. At present, the total production capacity of calcium carbide production enterprises in Inner Mongolia is about 1 1.78 million tons, accounting for 35.7% of the national effective start-up capacity. According to the incomplete statistics of Zhuo Chuang Information, the daily loss of calcium carbide caused by enterprises in Inner Mongolia due to energy consumption double control parking, early maintenance or limited production is about 4,200 tons, accounting for 5.3% of the national total output. 84. 1% of downstream calcium carbide is used to produce PVC. The decrease of calcium carbide supply and the high start-up of superimposed PVC further increase the supply gap of calcium carbide and aggravate the tight supply and demand situation of calcium carbide. Since China put forward the goal of "carbon neutrality" in September, 2020, Inner Mongolia has taken the lead in introducing measures related to dual control of energy consumption. As a major province of coal energy supply in China, the introduction of dual control of energy consumption in Inner Mongolia will play an obvious demonstration role. High-energy-consuming industries will face strict examination, new control and stock optimization, and the industry is expected to gradually form policy barriers. This will lead to a significant increase in the outsourcing cost of calcium carbide enterprises, which is beneficial to non-Inner Mongolia calcium carbide -PVC integrated leading enterprises.
Beiyuan Group (60 1568) has 500,000 tons of calcium carbide production capacity, 165438+ 10,000 tons of PVC production capacity, 800,000 tons of caustic soda production capacity and 2.2 million tons of industrial waste residue recycling cement production equipment.
Zhongtai Chemical (002092) has a calcium carbide production capacity of 2.38 million tons and a PVC production capacity of 6.5438+0.83 million tons.
Individual stock announcement:
The operating income of SF Holdings (002352) express logistics business in February increased by 22.2 1% year-on-year.
The net profit of Sifang shares (601126) in 2020 increased by 83% year-on-year, and it is planned to send 10 shares to 9.8 yuan.
Aoyuan Meigu: It is planned to acquire 55% equity of Liantianmei for 697 million yuan.
Hongda Blasting (002683) plans to acquire 46. 1746% equity of Ji 'an Chemical for 690 million yuan.
Air China (60111) plans to purchase 18 Airbus A320NEO series aircraft.
Guangqi Technology (002625) Shunde Industrial Base Project was officially put into production, with an annual output of 40,000 kilograms of metamaterial products.
Zhejiang Pharmaceutical (6002 16) increased its capital and shares of its subsidiary Xinma Bio, and introduced strategic investors such as Lilly.
China (60 1888) Sun Company plans to invest 3.69 billion yuan in the No.2 project of Sanya International Duty Free City Phase I.
Industrial Fulian (60 1 138) plans to acquire the American subsidiary of Hon Hai Precision for US$ 77.63 million to expand the local manufacturing capacity in the United States.
Ciwen Media (002343) signed a strategic cooperation agreement with Migu Company.
The profit distribution plan of Jinli Permanent Magnet (300748) annual report is 10, and 6 shares are transferred to 2 yuan.
Gao Ping Electric won the bid for the State Grid project of 65.438+45.8 million yuan.
Zhongyuan Environmental Protection (000544) consortium won the bid for the PPP project of Anyang County Ecological Corridor with a price of103.4 billion yuan.
Subscription of new shares:
Deepwater Haina: subscription code is 30096 1, issue price is 8.48 yuan/share, and issue price-earnings ratio is 5.86 times/kloc-0.
Yu Xiang Medical: The subscription code is 787626, the issue price is 28.82 yuan/share, and the issue price-earnings ratio is 45. 15 times.
Tol bond: subscription code 370229, rating AA-, conversion value 96. 19.
Bonds issued by sinosteel: subscription code 070928, rating AA+, conversion value 98.5438+0.
Selected research reports:
Carbon neutrality is the development trend of the world;
China has put forward the "30.60 goal" of carbon neutrality at the peak of carbon dioxide emission, and a series of supporting policies and industrial plans will be issued around this goal. Most countries in the world put forward carbon neutrality only after achieving the peak of carbon, while China is still in the middle and late stage of industrialization and urbanization, and its energy demand is still in the growth stage. There is a long way to go to achieve the goal of carbon neutrality at the peak of carbon dioxide emissions.
Carbon market is the economic guarantee to promote carbon neutrality: Carbon Emissions Trading System (ETS) is a market-oriented policy tool for energy conservation and emission reduction, and reasonable policies can provide the most definite and cost-effective solution for carbon neutrality. Five relatively mature and diversified carbon emission trading systems have been formed abroad. On the basis of pilot market, CDM and CCER, China officially opened a unified national carbon trading market in February 20021.
The impact of EU carbon trading on energy industry: Since the implementation of EU ETS, the overall carbon emissions of the EU have obviously decreased, and the carbon emissions in 20 19 have decreased by 20% compared with 2005; Among them, the carbon emissions of power and heat industries, manufacturing industries and construction industries decreased significantly. Energy structure changes to clean energy. By the end of 20 19, the proportion of clean energy generation in the EU was nearly 60%, and renewable energy such as wind power, light energy and biomass energy developed rapidly. Because new energy vehicles have not been popularized, the carbon emissions in the transportation field have not decreased significantly. The European Union has formulated an energy and climate policy package for 2030 and implemented the "European Green Consultation" to support the goal of achieving climate neutrality by 2050.
Impact of EU carbon trading on the market: The implementation of EU ETS has an impact on product market, industry competitiveness, enterprise performance and capital market. For the commodity market, the transaction price of carbon fluctuates in the same direction as the price of related products, and the price of EUA may be transmitted to power, steel, cement, oil refining and other industries as a cost. This will lead to a corresponding increase in product prices. For the competitiveness of industries, carbon prices may affect the short-term and long-term competitiveness of related industries. As far as enterprise performance is concerned, carbon price can affect enterprise performance by selling too many carbon emission quotas, increasing enterprise carbon costs or shifting costs, resulting in rising product prices. As far as the capital market reaction is concerned, the capital market reaction is related to the change of carbon price, which affects the cash flow of enterprises as a cost and indirectly affects the performance of enterprises.
Risk warning: 1) Failure to implement the carbon-neutral policy as scheduled will adversely affect the promotion of clean energy; 2) The economic advantages of clean energy are not obvious, which leads to the promotion of clean energy being less than expected; 3) 3) The rapid progress of CCUS technology may delay the decline of traditional energy sources and affect the development of new energy sources; 4) With the rapid development of new energy technologies, the emergence of new technologies will often replace old technologies, which will have a certain impact on related technology companies.
The above is only a summary of personal learning, and should not be used as a basis for operation, and the operation risk is at your own risk!