A-share evaluation： GEM index rose more than 3%, and the education sector was among the top gainers.
In the afternoon, the index continued to fluctuate at a high level. The Growth Enterprise Market index rose more than 3%, and the semiconductor and components, national defense and military industry, pharmaceutical stocks and other sectors were active. () It hit the daily limit, and the education sector was the top gainer. (), () The daily limit closed the board, the airport shipping and real estate development sectors fell, and the scenic spots and tourism sectors led the decline throughout the day. The stocks in the three cities were mixed, with nearly 70 daily limit stocks, which had a strong profit-making effect.
On the disk, the scenic spots and tourism sectors continued to slump in the afternoon, (), () and so on fell, (), Zhangjiajie followed; The education sector rose in the afternoon, and only education closed the board in a straight line, (), () and () followed suit; The airport shipping sector continued to slump in the afternoon, () fell by nearly 8%, (), () and () followed; The concept of coal continued to weaken in the afternoon, () fell by nearly 6%, (), () and () followed.
Plate heat:
Straight flush hot stock list:
Transaction review:
At 09: 25, the three A-share indexes were mixed at the opening, with the Shanghai Composite Index down 0.02%, the Shenzhen Component Index up 0.15% and the Growth Enterprise Market Index up 0.45%. The concept of treatment and pension in COVID-19 was active at the opening.
At 09:30, the scenic spots and tourism sectors fell at the opening, () fell by nearly 8%, (), Zhongxin Tourism and Zhangjiajie followed suit.
At 09:31, the rare earth permanent magnet plate opened stronger, () rose by nearly 6%, (), Earth Bear, () and () followed suit. In the news, the latest data of China Rare Earth Industry Association showed that the price index of rare earths was 420.6 on February 14th, up 15% from the previous month, and reached a record high.
At 09:33, the Growth Enterprise Market Index rose to 1%, the Shanghai Composite Index rose by 0.02%, and the Shenzhen Component Index rose by 0.47%.
09:34 yuan’s concept of the universe rose and strengthened, () rose by more than 4%, while Rainbow Technology, () and () followed suit.
09:36 The concept of coal fell and weakened, Jizhong energy fell by nearly 5%, and power investment energy, Yankuang energy and () followed suit.
At 09:46, the lithium extraction plate in Salt Lake continued to fall, () once hit the limit, and (), () and () followed.
09:54 The concept of liquor continued to rise, () daily limit, () rose by over 5%, (), () and () followed.
At 09:55, the Chinese medicine sector strengthened, () had a daily limit before, and (), () and () followed suit.
At 10:03, the education sector rose and strengthened. mygym had a daily limit, () rose by over 11%, and () all-pass education followed suit.
At 10:06, the Shenzhen Component Index rose to 1%, the Shanghai Composite Index rose by 0.43%, and the Growth Enterprise Market Index rose by 1.59%.
At 10:22, the concept of silicone continued to strengthen, and () rose by over 7%, followed by (), () and ().
At 10:52, the building decoration plate continued to rise, and nearly 10 stocks, such as () and (), had daily limit, while () and () followed suit.
At 10:57, the "first share of Bingdundun" () hit a daily limit, with a turnover of over 800 million yuan. On the evening of February 13th, Yuanlong Yatu once again announced the abnormal fluctuation and risk warning of the company’s stock trading, indicating that the company’s qualification for licensed production and sales in the Winter Olympics is not exclusive. According to () data, the cumulative increase of Japanese Yen Longyatu in the previous six transactions was nearly 80%.
At 13:03, the scenic spots and tourism sectors continued to slump in the afternoon, with Yunnan Tourism and Zhongxin Tourism falling, while Lijiang and Zhangjiajie followed suit.
At 13:04, the education sector rose in the afternoon, only education was closed in a straight line, and Chanz education, all-pass education and Kevin education followed suit.
At 13:11, the airport shipping sector continued to slump in the afternoon, and Baiyun Airport fell by nearly 8%, followed by Air China, Huaxia Airlines and Jixiang Airlines.
At 13:14, the precious metal plate strengthened in the afternoon, () rose more than 5%, and (), () and () followed suit.
At 13:21, the concept of coal continued to weaken in the afternoon, and Jizhong energy fell by nearly 6%, followed by power investment energy, Yankuang energy and Lu’ an environmental energy.
At 14:15, the banking sector continued to weaken, () fell by nearly 4%, followed by Ping An Bank, () and Bank of Ningbo.
At 14:47, the Growth Enterprise Market index rose to 3%, the heavyweights () now rose by nearly 4%, and the CRO concept, semiconductors and components, and education sectors strengthened.
News:
1. Intel is close to acquiring Israel Tower Semiconductor for about $6 billion.
Market News: Intel is close to acquiring Israeli Tower Semiconductor for about $6 billion.
2. China Securities Journal: The central bank still has the possibility of lowering the RRR and cutting interest rates.
From February 7 to 14, the central bank’s open market operation changed the previous situation of "replenishing water", and the accumulated net withdrawal of funds from six operations exceeded 1 trillion yuan, but the interest rate indicators of major money markets still dropped significantly. The industry believes that with the return of cash to the banking system after the Spring Festival holiday, the central bank’s capital investment will be timely and effective to avoid capital accumulation, which is in line with previous operating practices, and there is still the possibility of lowering the RRR and cutting interest rates in the future. The financial market is expected to benefit from the stable and abundant funds. (CSI)
3. CITIC Securities: The wealth management target is under pressure in the short term, and it still has great potential in the long term.
CITIC Securities pointed out that on February 14th, the related targets of wealth management in the brokerage sector fell sharply. We believe that this decline is mainly caused by the following factors: 1) Since 1)2021Q4, the fund issuance and scale growth have been lower than expected, and the market is increasingly worried about redemption; 2) The proportion of high fund positions increases the underlying β attribute, and the stock price is obviously affected by the compensatory decline. Although market fluctuation and previous excessive growth bring short-term downward pressure, it will not change the long-term vigorous development direction of wealth management industry. Looking forward to the future, the wealth management industry will still have a lot to do, with the dividend of capital market reform, the improvement of the securitization level of new economy industries and the continuous transfer of bank wealth management funds. We will still be optimistic about the relevant targets of equity asset management. Focusing on the present, a comprehensive brokerage firm with balanced development of multiple businesses has both fundamental and valuation advantages.
4. National Health Commission: Yesterday, 40 local confirmed cases and 7 local asymptomatic infections were added.
National Health Commission: Yesterday, there were 40 locally confirmed cases (29 in Liaoning, 8 in Jiangsu, 2 in Guangdong and 1 in Guangxi) and 7 locally asymptomatic infections (4 in Jiangsu and 3 in Yunnan).
5. The central bank launched a one-year MLF operation of 300 billion yuan and a reverse repurchase operation of 10 billion yuan.
According to the central bank, in order to maintain liquidity in the banking system’s reasonable abundance, on February 15th, 2022, the People’s Bank of China launched a medium-term loan facility (MLF) operation of 300 billion yuan (including the continuation of MLF’s expiration on February 18th) and a reverse repurchase operation of 10 billion yuan in the open market. Today, 20 billion yuan of reverse repurchase expires, and 200 billion MLF expires on Friday.
6. The AITO Wujie M5 model jointly operated by Cyrus and Huawei will be delivered in large quantities in March.
According to ()’ s Celeste related person on February 15th, the AITO Wujie M5 model that Celeste cooperated with Huawei will be delivered in large quantities in March 2022, fulfilling its promise to users. From release to listing to delivery, it took AITO only three months to ask about the M5 model. In this regard, the relevant person of Sailis said that this benefited from the Liangjiang Smart Factory built by Xiaokang Co., Ltd. with Industry 4.0 as the standard, and through the cooperation of more than 1,000 robots, 100% automation of key processes was realized. (shanghai securities news)
7. Meiyabake: Stable electronic data forensics equipment and domestic alternatives for big data platforms have been formed.
() According to the interactive platform, the company started the "ice-breaking plan" as soon as it was included in the "entity list" by the United States, and set up an "ice-breaking laboratory" to carry out domestic technical research. Now it has formed stable and reliable electronic data forensics equipment and domestic alternatives for big data platforms, and achieved key technological breakthroughs.
8. Today, the National Development and Reform Commission will organize a "reminder and warning meeting" for the smooth operation of the iron ore market.
The reporter was informed that in order to ensure the stable operation of the iron ore market, the price department of the National Development and Reform Commission will hold a "special meeting to remind and warn" with the General Administration of Market Supervision and the Futures Department of the China Securities Regulatory Commission on the afternoon of February 15th. At that time, relevant enterprises including Minmetals Group, CITIC Metal, AVIC International Mineral Resources, Xiamen Jianfa, Jidong Development, (), (), () and () will participate in this special reminder meeting. According to the reporter of Economic Observer Network, the above-mentioned participating enterprises are all important participants in the domestic iron ore trade field. (Economic Observer Network)
9. CEIBS Fund: It is recommended not to redeem quickly in the short term.
In response to investors’ questions, CEIBS Fund advised against short-term quick redemption. Judging from the timing, it is not a good time to retreat at present. In 2021, the market was cold, superimposed with the volatile market in January 2022. At present, the market as a whole is cheaper than at the end of 2020. The current P/E ratio of CSI 300 is 13.63 times, ranking 74.80% in history. Compared with 16.10 times on December 31, 2020, the valuation of the Shanghai and Shenzhen 300 Index has been significantly adjusted back. At the same time, the high valuation of many popular sectors has also been digested. We have counted 31 industries in Shenwan, among which 21 industries have P/E ratios below 50%, including popular sectors such as medicine, biology, electronics and non-ferrous metals. The valuations of most industries are now at a relatively reasonable level in history, or even underestimated.
10. Ministry of Commerce: In January 2022, the country absorbed 102.28 billion yuan of foreign capital, up 11.6% year-on-year.
According to the Ministry of Commerce, in January 2022, the actual amount of foreign capital used nationwide was 102.28 billion yuan, up 11.6% year-on-year. From the perspective of industry, the actual use of foreign capital in the service industry was 82.3 billion yuan, up 12.2% year-on-year. The actual use of foreign capital in high-tech industries increased by 26.1% year-on-year, of which high-tech manufacturing increased by 32% and high-tech service industry increased by 24.6%.
Investment advice:
Orient securities pointed out that from the perspective of policy and expectation, the damaged sectors, new themes and state-owned enterprises will be the important directions this year, which have been shown in the past two months. At the same time, banks and oil industries not only have the characteristics of low valuation, but also benefit from the catalysis of policies and inflation, with high certainty of performance growth, and are not sensitive to changes in US interest rate policies, which will gradually become an important choice.