The world belongs to long-term optimists! If a country is in a long-term upward trend, it is the right choice to do more. Not only is it about feelings, it is more about facts.
The late-day market was a bit irritating on Wednesday and the subject matter fell badly. Mysterious big hands went to pull banks, insurance, and two barrels of oil protection. ICBC, China Construction Bank, Xinhua Insurance, China Pacific Insurance and PetroChina all rose by more than two points. He pulled Hikvision and Yanghe shares.
Institutional feedback said that the current theme of participation in the decline, the hot clear before the market will maintain a narrow range of shocks. Note the next four points:
First, the short-term cautious, each plate has no cheaper to start the target, and institutions with good returns this year also need to gradually honor the profits.
Second, the cyclical stock prices have all reacted, and it is precisely at this stage that the three quarterly newsletters are good for cash. The three quarterly reports of iron and steel, coal, and chemical products all made big profits. Reports and notices came out and the stock price fell down. The leading giants continued to plunge on Wednesday. This year's production capacity reduction task is almost completed. The environmental protection production limit is the "supply and demand double killing," and the logic of the speculation of environmental protection prices has fallen. The black products have fallen into thin spots, and they continued to smash down on Wednesday night.
Third, close quarters to avoid the performance of growth stocks difficult to honor. These three quarterly reports came out in the past few days.
Fourth, optimistic about the valuation of the consumer goods sector, the consumption upgrade has brought a huge endogenous space. Follow-up on environmental, new energy vehicles, 5G and other plate investment opportunities. Remember, the taller ticket is not chased.
[hot topic] optical communication, cement
First, optical communications: Hengtong Optoelectronics, Zhongji Xuchuang, ZTE.
The Office of the Ministry of Industry and Information Technology issued a work plan for further improving the quality and efficiency of services in the field of information and communications on the 18th, which proposes to deepen the acceleration of the network and reduce fees. Accelerate the construction of high-speed broadband networks, implement trials of universal telecommunications services, and increase the bandwidth capacity of the Internet.
Comments: The agency believes that the fixed-line broadband investment exceeds expectations, and the optical communication boom is strong and the growth is determined. The outlook for fiber optic cables, optical modules and main equipment is optimistic. Hengtong Optoelectronics (600487) and Zhongji Xuchuang (300308) are the leading companies in the field of optical fiber and optical modules respectively; ZTE Corporation (000063)’s latest announcement increases 2.8x to 3x in the whole year, mainly benefiting the operator networks and consumers. Business revenue increased year-on-year.
Second, cement: Conch Cement, Huaxin Cement, Evergreen.
Cement prices in eastern China have risen again, rising to the current level of around 370 yuan/ton. Zhejiang Huzhou and Shaoxing have recently raised their cement prices by RMB 30/t. Other regions also plan to increase cement prices. The cement price in Jiangsu, Zhejiang and Shanghai will also be adjusted upwards by 2 to 3 rounds during the year, and it is optimistic about the profitability of the cement industry in Jiangsu, Zhejiang and Shanghai this year.
Comments: The factors supporting the upward price increase in the cement industry in East China include: The history of limited production areas for environmental protection, and the limitation of production in North China has benefited East China and raised the national price; the cement supply gap in peak season will generate greater price elasticity. At present, the demand for cement in East China is highly certain. Conch Cement (600585), Huaxin Cement (600801), Wannianqing (000789) and other regional leading companies are expected to benefit from higher cement prices.
1, three quarterly report
In the first three quarters, Shanying Paper's net profit increased by 591% year-on-year, Shengtun Mining's net profit increased by 223%, Hisense Kelon's net profit increased by 100%, 34%, Tibet's Zhufeng's net profit increased by 83.52%, and the Quartet's cold-chain net profit increased. 41.51%, ZTE’s net profit increased by 36.58%, Supor’s net profit increased by 20.78%, and Hengrui’s net profit increased by 20.7%.
HKUST News: The net profit for the third quarter increased by 174.08% year-on-year to RMB 61 million; the net profit for the first three quarters was RMB 169 million, a year-on-year drop of 39.45%.
NTU Optronics: NTU intends to reduce its holdings by not more than 1.61 million shares (1% of total share capital).
Jianyi Group: Shareholder Yan Yongping intends to reduce his shareholding by not exceeding 810,000 shares (1% of total share capital).
Donghua Energy: 228 million shares lifted sales, accounting for 13.84% of the total share capital.
Dongxing Securities: The Thai Baht Group plans to liquidate 34 million shares (1.23% of the total share capital) in the next 12 months.
Three-sixty-five nets: The stock price change reminds the risk that the housing leasing business has not yet contributed to the performance; it plans to invest 125 million yuan in the equity management company.
Kodak Jieneng: 549 million transfer of 16.65% shares in Lanke Lithium, overweight lithium battery materials business.
Hongrun Construction: In the first nine months of this year, the new successful bid for the construction industry was 10.1 billion yuan, an increase of 74.3% year-on-year.
Oriental Yuhong: Yuhong convertible bonds listed on October 20.
BOE A: It plans to invest 6 billion yuan in the construction of the Digital Medical Center.
Huayu Automobile: set up a joint venture company with Magna to lay out the new energy vehicle industry chain.
In January and September, the scale of the establishment of collective securities trust products rose by approximately 50% year-on-month, and the pace of the flow of trust funds into the securities market was markedly accelerated.
2. The central bank launched liquidity on a large scale and the bond market fears eased.
3. At 10 a.m. on October 19, the National Office of New Zealand held a press conference on the operation of the national economy in the first three quarters.
4. Xiao Yaqing: At the end of the year, it is planned to promote the reform of the corporate system at the level of the central SOEs.
5. Bureau of Statistics: In the first 9 months, the rail freight volume increased by 14.6% year-on-year, the previous value was 15.3%.
6. Bohai Bohai thermal coal price closed at 583 yuan/ton, down by 2 yuan from the previous month.
7. China's distributed photovoltaic installed capacity is about 15 million kilowatts, an increase of 300% over the same period of last year.
On the 8th and 18th Dragon and Tiger List: The top three funds purchased by the sales department were Beixin Building Materials, Guizhou Braun, and Central Environmental Protection. The amounts were RMB 125 million, RMB 124 million, and RMB 69 million, respectively.