Polaris wind power network news: Japan's nuclear leakage crisis will have a greater impact on the future development of new energy, and the prospects for new energy such as photovoltaics and wind power will be further enhanced.
In response to the Japanese nuclear crisis, the State Council executive meeting decided to immediately organize a comprehensive safety inspection of China's nuclear facilities and suspend the approval of nuclear power projects. Market participants believe that this event will have a greater impact on the future development of new energy, and the prospects for new energy such as photovoltaics and wind power will be further enhanced.
The Galaxy Securities research report pointed out that if the Japanese nuclear crisis poses a major disaster, the future development pattern of non-fossil energy power generation may change. Non-fossil energy power generation includes hydropower, nuclear power, wind power, solar power, and biomass power generation. Hydropower and nuclear power generation costs are close to or lower than fossil energy generation costs, but hydropower development is limited by resource endowments, environmental protection, and immigration costs, while nuclear power is subject to safety issues. Wind power and photovoltaic power generation have high cleanliness and safety, but the power generation cost is high. Once nuclear power development is limited, countries will continue to increase investment in new energy sources such as wind power and photovoltaic power generation.
The Shenyin Wanguo research report believes that the nuclear accident in Japan may lead to a slowdown in the development of nuclear power in the world. The development of photovoltaic and wind power industries will accelerate, because although the cost of photovoltaic power generation and wind power generation is relatively high, there is no potential danger such as nuclear leakage. As a result, photovoltaic and wind power companies will benefit significantly. Among them, the photovoltaic industry chain beneficiary enterprises include Haitong Group, Leshan Power, Tianwei Baobian, Chaori Sun, Dongfang Risheng, Sunflower, Tuo Rixin, Fanyi, Nanyang Technology, Jinggong Technology and Tianlong Optoelectronics, photovoltaic system The leading enterprises of photovoltaic inverters for supporting equipment include Radio and Television Electric, Rongxin, Kstar and Kelu Electronics. Wind power leading enterprises include Xiangdian, Goldwind and Sinovel.
In addition, from a domestic perspective, if coastal nuclear power development slows down, and China's coal-fired power, large-scale wind power bases, and photovoltaic bases are all in the northwest, the demand for transmission grid construction will further increase in the future. Therefore, grid equipment enterprises will also benefit. The demand for power transmission and transformation equipment in the construction of the northwest power base has increased. Shenyin Wanguo research report recommended industry leading enterprises such as China Xidian, TBEA, Pinggao Electric, Tianwei Baobian, Xuji Electric, Guodian Nanrui and Guodian Nanzi.
Industry judgement
Guotai Junan Bank's fundamentals have improved
The regulatory policies of the China Banking Regulatory Commission have basically bottomed out, the regulatory requirements are better than market expectations; the financing platform loans are basically clear, and the uncertainty of policies and clean-up results is gradually eliminated. The annual report will continue to present good fundamentals and financial performance of the industry, and the results of the first quarter report may exceed expectations. The valuation of bank stocks is at a historical low. It is recommended to recommend Nanjing Bank, Minsheng Bank, Industrial Bank, China Merchants Bank, Shenzhen Development Bank and Shanghai Pudong Development Bank.
CICC's steel industry may not be in short supply
Inventories will decline after demand for the steel industry peaks. The earthquake has limited Japan's steel production capacity and strengthened the logic of “exports exceeding expectations, domestic steel market or current supply is in short supplyâ€. After the start of demand in the peak season, the possibility of a phased supply shortage has risen further. Conducive to the entire steel sector, recommended Baosteel, Bayi Iron and Steel, Xinxing Casting, Maanshan Iron and Steel, Angang Steel, Jiugang Hongxing and Linggang.
CITIC Securities Auto Parts Benefits Earthquake
The Japanese earthquake has had little impact on the supply of parts and components of domestic Japanese joint ventures in the short term, and major companies have no plans to suspend production. In the medium and long term, it is conducive to the development of China's auto parts industry, and leading enterprises in the parts and components industry are more likely to benefit. Focus on Shanghai Auto, Huayu Auto, FAW Fuwei, Yueda Investment, Fuyao Glass, FAW Car, Weifu Hi-Tech, Xingyu, Yutong Bus, Weichai Power, China National Heavy Duty Truck, Jiangling Motors, Tianrun Crankshaft and Zhongding shares and so on.
Essence Securities Securities Opportunity from Top to Bottom
With the pressure on the valuation of small and medium-sized stocks, the turnover rate in Shenzhen has declined, and the turnover rate of the main board has also declined. There is uncertainty in the market volume, and the brokerage business still has downside risks. It is difficult for the NEEQ, margin financing and securities lending business to make substantial contributions for the time being. The current opportunities are more top-down trading opportunities. Relatively optimistic about Haitong Securities, CITIC Securities, Everbright Securities and Guoyuan Securities.
Guojin Securities' emergency investment is expected to increase
Incidents such as major earthquakes have increased, and emergency response has become the first element of government investment. Traditional means are difficult to meet the needs of emergency work. Therefore, information technology is fully adopted to promote and support related enterprises. It will become the norm for public security investment in the future to exceed military spending. The proposed investment portfolio is Taiji, SuperMap and 榕-based software. Concerned about Weichuang shares and Tongfang shares.
Haitong Securities coal sector adjustment can be involved
Although the weather has warmed up recently, the market's supporting factors are still there. Coal prices have not shown signs of decline, and coal prices have continued to hold steady. The investment value of coal as a resource product will be more recognized. If the short-term sector continues to adjust to 17 times the price-earnings ratio, it can be actively deployed. It is recommended to pay attention to Xishan Coal and Electricity, Chun'an Huaneng, Panjiang, Yanzhou Coal, Jizhong Energy and Shanghai Energy.
Investment Strategy
CICC is optimistic about valuation repair market
Japan's disaster situation is still plagued by A-shares in the short-term, but domestic policies and fundamentals are the dominant factors in the operation of stock indexes. Before the emergence of the fundamental inflection point signal, the valuation of the low-value cyclical stocks will continue to be optimistic. Continue to be optimistic about the cement, chemical, home appliances and machinery sectors.
Industrial Securities is worried about rising temperature and causing shocks
The "two sessions" closed, investors worried about the austerity policy as above, raising the deposit reserve ratio, causing market shocks. Concerned about the knock-on effect of the earthquake in Japan. Opportunities for three types of white horse stocks: 1. Most benefit from the stability of dividends, offensive and defensive, short-term good brokerage stocks, banking stocks, insurance stocks, etc.; 2.3, April moderately participated in cement, chemical, engineering machinery, coal and other stability Domestic demand, an industry leading company that hedges overseas turmoil; 3. White horse stocks in low valuation industries, such as real estate, transportation, communications, home appliances, utilities and other leading companies.
Everbright Securities range shocks upward shift
The overall economic data in February did not significantly deviate from expectations, neither will become the driving force for market rise, nor will it form downward pressure, and have little impact on the market. The core issue affecting the market this year is still the trend of inflation. If we do not consider the factors that have caused the oil price to rise due to the deterioration of the situation in the Middle East, as long as the government maintains its existing policies, even if the CPI may be repeated, the risk of inflation out of control is decreasing. Maintain the market's relatively optimistic judgment of “range volatility and shifting the center of gravityâ€.
Zheshang Securities switched to pay attention to the rhythm
The Japanese nuclear crisis has to wait for developments. If there is no further deterioration, time will be a good medicine, and the impact on the global market will gradually fade. It is still the domestic economic factor to determine the trend of the A-share market. It will still be policy-oriented to determine the trend of the sector. It is still the performance and other catalysts that determine the stock price. In the short term, if there is no further deterioration factor such as nuclear radiation, the A-share market will gradually get rid of the negative factors and have a certain rebounding momentum, and gradually enter the state of stabilizing. The hotspots on the sector are switched to new energy and consumption sectors, and nuclear power and high-speed rail are facing adjustment pressure. Due to the faster switching frequency, you should pay attention to the operating rhythm.
In response to the Japanese nuclear crisis, the State Council executive meeting decided to immediately organize a comprehensive safety inspection of China's nuclear facilities and suspend the approval of nuclear power projects. Market participants believe that this event will have a greater impact on the future development of new energy, and the prospects for new energy such as photovoltaics and wind power will be further enhanced.
The Galaxy Securities research report pointed out that if the Japanese nuclear crisis poses a major disaster, the future development pattern of non-fossil energy power generation may change. Non-fossil energy power generation includes hydropower, nuclear power, wind power, solar power, and biomass power generation. Hydropower and nuclear power generation costs are close to or lower than fossil energy generation costs, but hydropower development is limited by resource endowments, environmental protection, and immigration costs, while nuclear power is subject to safety issues. Wind power and photovoltaic power generation have high cleanliness and safety, but the power generation cost is high. Once nuclear power development is limited, countries will continue to increase investment in new energy sources such as wind power and photovoltaic power generation.
The Shenyin Wanguo research report believes that the nuclear accident in Japan may lead to a slowdown in the development of nuclear power in the world. The development of photovoltaic and wind power industries will accelerate, because although the cost of photovoltaic power generation and wind power generation is relatively high, there is no potential danger such as nuclear leakage. As a result, photovoltaic and wind power companies will benefit significantly. Among them, the photovoltaic industry chain beneficiary enterprises include Haitong Group, Leshan Power, Tianwei Baobian, Chaori Sun, Dongfang Risheng, Sunflower, Tuo Rixin, Fanyi, Nanyang Technology, Jinggong Technology and Tianlong Optoelectronics, photovoltaic system The leading enterprises of photovoltaic inverters for supporting equipment include Radio and Television Electric, Rongxin, Kstar and Kelu Electronics. Wind power leading enterprises include Xiangdian, Goldwind and Sinovel.
In addition, from a domestic perspective, if coastal nuclear power development slows down, and China's coal-fired power, large-scale wind power bases, and photovoltaic bases are all in the northwest, the demand for transmission grid construction will further increase in the future. Therefore, grid equipment enterprises will also benefit. The demand for power transmission and transformation equipment in the construction of the northwest power base has increased. Shenyin Wanguo research report recommended industry leading enterprises such as China Xidian, TBEA, Pinggao Electric, Tianwei Baobian, Xuji Electric, Guodian Nanrui and Guodian Nanzi.
Industry judgement
Guotai Junan Bank's fundamentals have improved
The regulatory policies of the China Banking Regulatory Commission have basically bottomed out, the regulatory requirements are better than market expectations; the financing platform loans are basically clear, and the uncertainty of policies and clean-up results is gradually eliminated. The annual report will continue to present good fundamentals and financial performance of the industry, and the results of the first quarter report may exceed expectations. The valuation of bank stocks is at a historical low. It is recommended to recommend Nanjing Bank, Minsheng Bank, Industrial Bank, China Merchants Bank, Shenzhen Development Bank and Shanghai Pudong Development Bank.
CICC's steel industry may not be in short supply
Inventories will decline after demand for the steel industry peaks. The earthquake has limited Japan's steel production capacity and strengthened the logic of “exports exceeding expectations, domestic steel market or current supply is in short supplyâ€. After the start of demand in the peak season, the possibility of a phased supply shortage has risen further. Conducive to the entire steel sector, recommended Baosteel, Bayi Iron and Steel, Xinxing Casting, Maanshan Iron and Steel, Angang Steel, Jiugang Hongxing and Linggang.
CITIC Securities Auto Parts Benefits Earthquake
The Japanese earthquake has had little impact on the supply of parts and components of domestic Japanese joint ventures in the short term, and major companies have no plans to suspend production. In the medium and long term, it is conducive to the development of China's auto parts industry, and leading enterprises in the parts and components industry are more likely to benefit. Focus on Shanghai Auto, Huayu Auto, FAW Fuwei, Yueda Investment, Fuyao Glass, FAW Car, Weifu Hi-Tech, Xingyu, Yutong Bus, Weichai Power, China National Heavy Duty Truck, Jiangling Motors, Tianrun Crankshaft and Zhongding shares and so on.
Essence Securities Securities Opportunity from Top to Bottom
With the pressure on the valuation of small and medium-sized stocks, the turnover rate in Shenzhen has declined, and the turnover rate of the main board has also declined. There is uncertainty in the market volume, and the brokerage business still has downside risks. It is difficult for the NEEQ, margin financing and securities lending business to make substantial contributions for the time being. The current opportunities are more top-down trading opportunities. Relatively optimistic about Haitong Securities, CITIC Securities, Everbright Securities and Guoyuan Securities.
Guojin Securities' emergency investment is expected to increase
Incidents such as major earthquakes have increased, and emergency response has become the first element of government investment. Traditional means are difficult to meet the needs of emergency work. Therefore, information technology is fully adopted to promote and support related enterprises. It will become the norm for public security investment in the future to exceed military spending. The proposed investment portfolio is Taiji, SuperMap and 榕-based software. Concerned about Weichuang shares and Tongfang shares.
Haitong Securities coal sector adjustment can be involved
Although the weather has warmed up recently, the market's supporting factors are still there. Coal prices have not shown signs of decline, and coal prices have continued to hold steady. The investment value of coal as a resource product will be more recognized. If the short-term sector continues to adjust to 17 times the price-earnings ratio, it can be actively deployed. It is recommended to pay attention to Xishan Coal and Electricity, Chun'an Huaneng, Panjiang, Yanzhou Coal, Jizhong Energy and Shanghai Energy.
Investment Strategy
CICC is optimistic about valuation repair market
Japan's disaster situation is still plagued by A-shares in the short-term, but domestic policies and fundamentals are the dominant factors in the operation of stock indexes. Before the emergence of the fundamental inflection point signal, the valuation of the low-value cyclical stocks will continue to be optimistic. Continue to be optimistic about the cement, chemical, home appliances and machinery sectors.
Industrial Securities is worried about rising temperature and causing shocks
The "two sessions" closed, investors worried about the austerity policy as above, raising the deposit reserve ratio, causing market shocks. Concerned about the knock-on effect of the earthquake in Japan. Opportunities for three types of white horse stocks: 1. Most benefit from the stability of dividends, offensive and defensive, short-term good brokerage stocks, banking stocks, insurance stocks, etc.; 2.3, April moderately participated in cement, chemical, engineering machinery, coal and other stability Domestic demand, an industry leading company that hedges overseas turmoil; 3. White horse stocks in low valuation industries, such as real estate, transportation, communications, home appliances, utilities and other leading companies.
Everbright Securities range shocks upward shift
The overall economic data in February did not significantly deviate from expectations, neither will become the driving force for market rise, nor will it form downward pressure, and have little impact on the market. The core issue affecting the market this year is still the trend of inflation. If we do not consider the factors that have caused the oil price to rise due to the deterioration of the situation in the Middle East, as long as the government maintains its existing policies, even if the CPI may be repeated, the risk of inflation out of control is decreasing. Maintain the market's relatively optimistic judgment of “range volatility and shifting the center of gravityâ€.
Zheshang Securities switched to pay attention to the rhythm
The Japanese nuclear crisis has to wait for developments. If there is no further deterioration, time will be a good medicine, and the impact on the global market will gradually fade. It is still the domestic economic factor to determine the trend of the A-share market. It will still be policy-oriented to determine the trend of the sector. It is still the performance and other catalysts that determine the stock price. In the short term, if there is no further deterioration factor such as nuclear radiation, the A-share market will gradually get rid of the negative factors and have a certain rebounding momentum, and gradually enter the state of stabilizing. The hotspots on the sector are switched to new energy and consumption sectors, and nuclear power and high-speed rail are facing adjustment pressure. Due to the faster switching frequency, you should pay attention to the operating rhythm.
In response to the Japanese nuclear crisis, the State Council executive meeting decided to immediately organize a comprehensive safety inspection of China's nuclear facilities and suspend the approval of nuclear power projects. Market participants believe that this event will have a greater impact on the future development of new energy, and the prospects for new energy such as photovoltaics and wind power will be further enhanced.
The Galaxy Securities research report pointed out that if the Japanese nuclear crisis poses a major disaster, the future development pattern of non-fossil energy power generation may change. Non-fossil energy power generation includes hydropower, nuclear power, wind power, solar power, and biomass power generation. Hydropower and nuclear power generation costs are close to or lower than fossil energy generation costs, but hydropower development is limited by resource endowments, environmental protection, and immigration costs, while nuclear power is subject to safety issues. Wind power and photovoltaic power generation have high cleanliness and safety, but the power generation cost is high. Once nuclear power development is limited, countries will continue to increase investment in new energy sources such as wind power and photovoltaic power generation.
The Shenyin Wanguo research report believes that the nuclear accident in Japan may lead to a slowdown in the development of nuclear power in the world. The development of photovoltaic and wind power industries will accelerate, because although the cost of photovoltaic power generation and wind power generation is relatively high, there is no potential danger such as nuclear leakage. As a result, photovoltaic and wind power companies will benefit significantly. Among them, the photovoltaic industry chain beneficiary enterprises include Haitong Group, Leshan Power, Tianwei Baobian, Chaori Sun, Dongfang Risheng, Sunflower, Tuo Rixin, Fanyi, Nanyang Technology, Jinggong Technology and Tianlong Optoelectronics, photovoltaic system The leading enterprises of photovoltaic inverters for supporting equipment include Radio and Television Electric, Rongxin, Kstar and Kelu Electronics. Wind power leading enterprises include Xiangdian, Goldwind and Sinovel.
In addition, from a domestic perspective, if coastal nuclear power development slows down, and China's coal-fired power, large-scale wind power bases, and photovoltaic bases are all in the northwest, the demand for transmission grid construction will further increase in the future. Therefore, grid equipment enterprises will also benefit. The demand for power transmission and transformation equipment in the construction of the northwest power base has increased. Shenyin Wanguo research report recommended industry leading enterprises such as China Xidian, TBEA, Pinggao Electric, Tianwei Baobian, Xuji Electric, Guodian Nanrui and Guodian Nanzi.
Industry judgement
Guotai Junan Bank's fundamentals have improved
The regulatory policies of the China Banking Regulatory Commission have basically bottomed out, the regulatory requirements are better than market expectations; the financing platform loans are basically clear, and the uncertainty of policies and clean-up results is gradually eliminated. The annual report will continue to present good fundamentals and financial performance of the industry, and the results of the first quarter report may exceed expectations. The valuation of bank stocks is at a historical low. It is recommended to recommend Nanjing Bank, Minsheng Bank, Industrial Bank, China Merchants Bank, Shenzhen Development Bank and Shanghai Pudong Development Bank.
CICC's steel industry may not be in short supply
Inventories will decline after demand for the steel industry peaks. The earthquake has limited Japan's steel production capacity and strengthened the logic of “exports exceeding expectations, domestic steel market or current supply is in short supplyâ€. After the start of demand in the peak season, the possibility of a phased supply shortage has risen further. Conducive to the entire steel sector, recommended Baosteel, Bayi Iron and Steel, Xinxing Casting, Maanshan Iron and Steel, Angang Steel, Jiugang Hongxing and Linggang.
CITIC Securities Auto Parts Benefits Earthquake
The Japanese earthquake has had little impact on the supply of parts and components of domestic Japanese joint ventures in the short term, and major companies have no plans to suspend production. In the medium and long term, it is conducive to the development of China's auto parts industry, and leading enterprises in the parts and components industry are more likely to benefit. Focus on Shanghai Auto, Huayu Auto, FAW Fuwei, Yueda Investment, Fuyao Glass, FAW Car, Weifu Hi-Tech, Xingyu, Yutong Bus, Weichai Power, China National Heavy Duty Truck, Jiangling Motors, Tianrun Crankshaft and Zhongding shares and so on.
Essence Securities Securities Opportunity from Top to Bottom
With the pressure on the valuation of small and medium-sized stocks, the turnover rate in Shenzhen has declined, and the turnover rate of the main board has also declined. There is uncertainty in the market volume, and the brokerage business still has downside risks. It is difficult for the NEEQ, margin financing and securities lending business to make substantial contributions for the time being. The current opportunities are more top-down trading opportunities. Relatively optimistic about Haitong Securities, CITIC Securities, Everbright Securities and Guoyuan Securities.
Guojin Securities' emergency investment is expected to increase
Incidents such as major earthquakes have increased, and emergency response has become the first element of government investment. Traditional means are difficult to meet the needs of emergency work. Therefore, information technology is fully adopted to promote and support related enterprises. It will become the norm for public security investment in the future to exceed military spending. The proposed investment portfolio is Taiji, SuperMap and 榕-based software. Concerned about Weichuang shares and Tongfang shares.
Haitong Securities coal sector adjustment can be involved
Although the weather has warmed up recently, the market's supporting factors are still there. Coal prices have not shown signs of decline, and coal prices have continued to hold steady. The investment value of coal as a resource product will be more recognized. If the short-term sector continues to adjust to 17 times the price-earnings ratio, it can be actively deployed. It is recommended to pay attention to Xishan Coal and Electricity, Chun'an Huaneng, Panjiang, Yanzhou Coal, Jizhong Energy and Shanghai Energy.
Investment Strategy
CICC is optimistic about valuation repair market
Japan's disaster situation is still plagued by A-shares in the short-term, but domestic policies and fundamentals are the dominant factors in the operation of stock indexes. Before the emergence of the fundamental inflection point signal, the valuation of the low-value cyclical stocks will continue to be optimistic. Continue to be optimistic about the cement, chemical, home appliances and machinery sectors.
Industrial Securities is worried about rising temperature and causing shocks
The "two sessions" closed, investors worried about the austerity policy as above, raising the deposit reserve ratio, causing market shocks. Concerned about the knock-on effect of the earthquake in Japan. Opportunities for three types of white horse stocks: 1. Most benefit from the stability of dividends, offensive and defensive, short-term good brokerage stocks, banking stocks, insurance stocks, etc.; 2.3, April moderately participated in cement, chemical, engineering machinery, coal and other stability Domestic demand, an industry leading company that hedges overseas turmoil; 3. White horse stocks in low valuation industries, such as real estate, transportation, communications, home appliances, utilities and other leading companies.
Everbright Securities range shocks upward shift
The overall economic data in February did not significantly deviate from expectations, neither will become the driving force for market rise, nor will it form downward pressure, and have little impact on the market. The core issue affecting the market this year is still the trend of inflation. If we do not consider the factors that have caused the oil price to rise due to the deterioration of the situation in the Middle East, as long as the government maintains its existing policies, even if the CPI may be repeated, the risk of inflation out of control is decreasing. Maintain the market's relatively optimistic judgment of “range volatility and shifting the center of gravityâ€.
Zheshang Securities switched to pay attention to the rhythm
The Japanese nuclear crisis has to wait for developments. If there is no further deterioration, time will be a good medicine, and the impact on the global market will gradually fade. It is still the domestic economic factor to determine the trend of the A-share market. It will still be policy-oriented to determine the trend of the sector. It is still the performance and other catalysts that determine the stock price. In the short term, if there is no further deterioration factor such as nuclear radiation, the A-share market will gradually get rid of the negative factors and have a certain rebounding momentum, and gradually enter the state of stabilizing. The hotspots on the sector are switched to new energy and consumption sectors, and nuclear power and high-speed rail are facing adjustment pressure. Due to the faster switching frequency, you should pay attention to the operating rhythm.
In response to the Japanese nuclear crisis, the State Council executive meeting decided to immediately organize a comprehensive safety inspection of China's nuclear facilities and suspend the approval of nuclear power projects. Market participants believe that this event will have a greater impact on the future development of new energy, and the prospects for new energy such as photovoltaics and wind power will be further enhanced.
The Galaxy Securities research report pointed out that if the Japanese nuclear crisis poses a major disaster, the future development pattern of non-fossil energy power generation may change. Non-fossil energy power generation includes hydropower, nuclear power, wind power, solar power, and biomass power generation. Hydropower and nuclear power generation costs are close to or lower than fossil energy generation costs, but hydropower development is limited by resource endowments, environmental protection, and immigration costs, while nuclear power is subject to safety issues. Wind power and photovoltaic power generation have high cleanliness and safety, but the power generation cost is high. Once nuclear power development is limited, countries will continue to increase investment in new energy sources such as wind power and photovoltaic power generation.
The Shenyin Wanguo research report believes that the nuclear accident in Japan may lead to a slowdown in the development of nuclear power in the world. The development of photovoltaic and wind power industries will accelerate, because although the cost of photovoltaic power generation and wind power generation is relatively high, there is no potential danger such as nuclear leakage. As a result, photovoltaic and wind power companies will benefit significantly. Among them, the photovoltaic industry chain beneficiary enterprises include Haitong Group, Leshan Power, Tianwei Baobian, Chaori Sun, Dongfang Risheng, Sunflower, Tuo Rixin, Fanyi, Nanyang Technology, Jinggong Technology and Tianlong Optoelectronics, photovoltaic system The leading enterprises of photovoltaic inverters for supporting equipment include Radio and Television Electric, Rongxin, Kstar and Kelu Electronics. Wind power leading enterprises include Xiangdian, Goldwind and Sinovel.
In addition, from a domestic perspective, if coastal nuclear power development slows down, and China's coal-fired power, large-scale wind power bases, and photovoltaic bases are all in the northwest, the demand for transmission grid construction will further increase in the future. Therefore, grid equipment enterprises will also benefit. The demand for power transmission and transformation equipment in the construction of the northwest power base has increased. Shenyin Wanguo research report recommended industry leading enterprises such as China Xidian, TBEA, Pinggao Electric, Tianwei Baobian, Xuji Electric, Guodian Nanrui and Guodian Nanzi.
Industry judgement
Guotai Junan Bank's fundamentals have improved
The regulatory policies of the China Banking Regulatory Commission have basically bottomed out, the regulatory requirements are better than market expectations; the financing platform loans are basically clear, and the uncertainty of policies and clean-up results is gradually eliminated. The annual report will continue to present good fundamentals and financial performance of the industry, and the results of the first quarter report may exceed expectations. The valuation of bank stocks is at a historical low. It is recommended to recommend Nanjing Bank, Minsheng Bank, Industrial Bank, China Merchants Bank, Shenzhen Development Bank and Shanghai Pudong Development Bank.
CICC's steel industry may not be in short supply
Inventories will decline after demand for the steel industry peaks. The earthquake has limited Japan's steel production capacity and strengthened the logic of “exports exceeding expectations, domestic steel market or current supply is in short supplyâ€. After the start of demand in the peak season, the possibility of a phased supply shortage has risen further. Conducive to the entire steel sector, recommended Baosteel, Bayi Iron and Steel, Xinxing Casting, Maanshan Iron and Steel, Angang Steel, Jiugang Hongxing and Linggang.
CITIC Securities Auto Parts Benefits Earthquake
The Japanese earthquake has had little impact on the supply of parts and components of domestic Japanese joint ventures in the short term, and major companies have no plans to suspend production. In the medium and long term, it is conducive to the development of China's auto parts industry, and leading enterprises in the parts and components industry are more likely to benefit. Focus on Shanghai Auto, Huayu Auto, FAW Fuwei, Yueda Investment, Fuyao Glass, FAW Car, Weifu Hi-Tech, Xingyu, Yutong Bus, Weichai Power, China National Heavy Duty Truck, Jiangling Motors, Tianrun Crankshaft and Zhongding shares and so on.
Essence Securities Securities Opportunity from Top to Bottom
With the pressure on the valuation of small and medium-sized stocks, the turnover rate in Shenzhen has declined, and the turnover rate of the main board has also declined. There is uncertainty in the market volume, and the brokerage business still has downside risks. It is difficult for the NEEQ, margin financing and securities lending business to make substantial contributions for the time being. The current opportunities are more top-down trading opportunities. Relatively optimistic about Haitong Securities, CITIC Securities, Everbright Securities and Guoyuan Securities.
Guojin Securities' emergency investment is expected to increase
Incidents such as major earthquakes have increased, and emergency response has become the first element of government investment. Traditional means are difficult to meet the needs of emergency work. Therefore, information technology is fully adopted to promote and support related enterprises. It will become the norm for public security investment in the future to exceed military spending. The proposed investment portfolio is Taiji, SuperMap and 榕-based software. Concerned about Weichuang shares and Tongfang shares.
Haitong Securities coal sector adjustment can be involved
Although the weather has warmed up recently, the market's supporting factors are still there. Coal prices have not shown signs of decline, and coal prices have continued to hold steady. The investment value of coal as a resource product will be more recognized. If the short-term sector continues to adjust to 17 times the price-earnings ratio, it can be actively deployed. It is recommended to pay attention to Xishan Coal and Electricity, Chun'an Huaneng, Panjiang, Yanzhou Coal, Jizhong Energy and Shanghai Energy.
Investment Strategy
CICC is optimistic about valuation repair market
Japan's disaster situation is still plagued by A-shares in the short-term, but domestic policies and fundamentals are the dominant factors in the operation of stock indexes. Before the emergence of the fundamental inflection point signal, the valuation of the low-value cyclical stocks will continue to be optimistic. Continue to be optimistic about the cement, chemical, home appliances and machinery sectors.
Industrial Securities is worried about rising temperature and causing shocks
The "two sessions" closed, investors worried about the austerity policy as above, raising the deposit reserve ratio, causing market shocks. Concerned about the knock-on effect of the earthquake in Japan. Opportunities for three types of white horse stocks: 1. Most benefit from the stability of dividends, offensive and defensive, short-term good brokerage stocks, banking stocks, insurance stocks, etc.; 2.3, April moderately participated in cement, chemical, engineering machinery, coal and other stability Domestic demand, an industry leading company that hedges overseas turmoil; 3. White horse stocks in low valuation industries, such as real estate, transportation, communications, home appliances, utilities and other leading companies.
Everbright Securities range shocks upward shift
The overall economic data in February did not significantly deviate from expectations, neither will become the driving force for market rise, nor will it form downward pressure, and have little impact on the market. The core issue affecting the market this year is still the trend of inflation. If we do not consider the factors that have caused the oil price to rise due to the deterioration of the situation in the Middle East, as long as the government maintains its existing policies, even if the CPI may be repeated, the risk of inflation out of control is decreasing. Maintain the market's relatively optimistic judgment of “range volatility and shifting the center of gravityâ€.
Zheshang Securities switched to pay attention to the rhythm
The Japanese nuclear crisis has to wait for developments. If there is no further deterioration, time will be a good medicine, and the impact on the global market will gradually fade. It is still the domestic economic factor to determine the trend of the A-share market. It will still be policy-oriented to determine the trend of the sector. It is still the performance and other catalysts that determine the stock price. In the short term, if there is no further deterioration factor such as nuclear radiation, the A-share market will gradually get rid of the negative factors and have a certain rebounding momentum, and gradually enter the state of stabilizing. The hotspots on the sector are switched to new energy and consumption sectors, and nuclear power and high-speed rail are facing adjustment pressure. Due to the faster switching frequency, you should pay attention to the operating rhythm.
The Pharmaceutical Ingredients segment has two product groups: Pharmaceutical Intermediates and Active Pharmaceutical Ingredients (APIs).
With the growth of industries like oil, refinery and pharma, the demand for high end intermediates has also increased significantly over a period of time. This is the major reason behind the strong role of pharma intermediates manufacturers in the success or failure of these thriving industries,our factory is always focusing on Pharmaceutical Intermediate , main products include Trimethyl Ammonium Chloride , 3-Chloro-1,2-propanediol ,1,3-Dichloro-2-propanol,3-(Methylamino)-1-phenyl-1-propanol, 2-Carbethoxycyclopentanone , 2-Methoxy Carbonyl Cyclopentanone , N-Methyl-4- Piperidone ,
N-Benzyl-4-Piperidone , 4-Piperidone Monohydrate hydrochloride .
Pharmaceutical Intermediates
Pharmaceutical Intermediates,Active Pharmaceutical Ingredient,Oil Well Auxiliaries,Glycerol Chlorohydrin
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