Special topic: the repair market may not be over yet. The opportunity of the A-share market still outweighs the risk.
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On May 13, the three major stock indexes continued to adjust in the afternoon, and the Prev closed down 0.Vegasslots.21%, the index closed down 0.95%. In terms of the sector, the direction of public utilities is active all day. The gas plate rose against the trend, Hongtong Gas rose by the limit, Kaitian Gas rose 8%; the railway rail crossing and shipping plate were strong, Raleigh 20cm rose by the limit, Koanda and Connie Mechatronics (rights protection) touched the limit, Ningbo Ocean Shipping and Phoenix Shipping rose by the afternoon limit; the electric power plate was strong, Star Power and Leshan Power rose, Gansu Energy and Xichang Power rose by the daily limit, the bank plate fluctuated upward, and Qilu Bank led the rise. In terms of decline, the concept of time and space big data weakened, Dengyun shares fell by the limit; the game plate fluctuated lower, and Xinyuan Technology (rights protection) fell more than 8%; the concept of low-level economy continued to adjust, and the principal century fell more than 10%; humanoid robot plate weak shock, Chaojie shares fell 7% led the decline. Overall, individual stocks showed a general downward trend, with more than 4100 stocks falling.
As of the close, the Prev was down 0.21% at 3148.02 points, the Shenzhen Composite Index was down 9673.32 points, or 0.60%, and the Chuangxin Index was down 0.95% at 1860.37 points.
On the disk, the gas, shipping and power plates were among the top gainers, while big data, brain-computer interface and satellite navigation plates led the decline.
Hotspot plate:
1. Public utilities
Hongtong Gas, Kaitian Gas, Lei Erwei, Gansu Energy and other active stocks.
On the news side, there has been frequent news of recent price increases for public utilities. Following the recent increases in water, electricity and gas prices in many places in the country, four high-speed rail fares for Wuhan-Guangzhou high-speed railway, Shanghai-Hangzhou passenger college, Shanghai-Kunming passenger college and Hangzhou-Ningbo passenger college will open a price increase window in June, with an increase of about 19% and 20%.
Zheshang Securities believes that behind the price increases of public utilities and high-speed rail, market inflation expectations may rise, the downward imagination of interest rates will narrow, and the industry price elasticity corresponding to dividend assets is relatively small. the logic of price increase may become a new support for dividend assets beyond "high dividends".
2. Pork
Guanghong Holdings, Shennong Group, Haida Group, Tianyu Ecology and other stocks strengthened.
The data show that pig prices have fluctuated around 15 yuan / kg since they rebounded slightly in March, while piglet prices fluctuated at a high level around 45 yuan / kg. The agency said that the price recovery has a certain rigid support and may have entered the early stage of the pig cycle.
Founder Securities pointed out that from the April feed data compared with the month-on-month decline, confirming the results of pre-production capacity removal, followed by a downward supply trend, the upward trend of pig prices may occur. Yongyi consulting data show that recently, the average weight of commercial pigs and the inventory rate of frozen goods have gradually declined, and the consumption on the supply side may help the rise in pig prices in the later period. Pig prices may rise with a slow bull trend. Whether the pig price does not fall under the early weight reduction, or the recent sudden jump, it reflects that the fundamentals of pig supply and demand are gradually alleviating, and pig prices will tend to rise in the future. In the absence of extreme emotions, pig prices will show a slow upward trend in May and June, and are expected to rise to nearly 16 yuan / kg by the end of May, continue to rise in June, and usher in a large rise in the third quarter.
Message side:
1, [Ruifengda "run" new development: invested in the new third board stocks began to self-check] private equity real controller "run" event continues to ferment. On May 13, Ruifengda announced the suspension of trading in a number of new third-board stocks. The announcement said that the company has conducted a preliminary verification of the relevant public opinion on the negative news of private equity funds related to shareholders Ruifengda. Combined with the substantial changes in the previous share price, the company intends to verify the above matters.
2. [TechInsights: Q1 global tablet shipments fell 3 per cent year on year in 2024] TechInsights released data that, driven by strong performance by Android tablet makers and local brands, global tablet market shipments fell only 3 per cent in 2024 compared with the same period last year. Apple's poor iPad performance continues to hamper a full market recovery, butVegasslotsWe believe that pent-up demand for new models will drive growth in the tablet market by mid-2024. As Samsung beat expectations and Lenovo and Xiaomi grew strongly in the quarter, Android tablet market share reached 52%, the highest level in two years.
3. [Anhui: increase policy, financial, and technical support for the pilot construction of state-owned forest farms] recently, the "work Plan of Anhui Forestry Bureau to promote the pilot construction of national state-owned forest farms" was issued. The "plan" requires all relevant departments to cooperate closely and increase support for the policy, capital, and technology of the pilot construction of state-owned forest farms. All municipal forestry bureaus should organize the preparation and implementation of pilot state-owned forest farms in strict accordance with the requirements, summarize and publicize the innovative practices, experience and achievements, and advanced models of pilot construction in a timely manner, and give full play to the pilot effect.
4. [Beijing Xicheng District will soon release green and low-carbon files to focus on distributed photovoltaic, building energy conservation renovation] the reporter learned from the opening ceremony of Beijing Xicheng District Energy Saving publicity week that in order to promote the rapid transformation of energy structure, Xicheng District is improving the energy saving and carbon reduction policy system, and will soon release "several measures to promote green, low-carbon and high-quality development in Xicheng District". The policy focuses on 13 directions, such as distributed photovoltaic, building energy-saving renovation, purchase and use of green electricity, carbon neutralization certification, etc., to help enterprises clarify their ideas for green and healthy development, and strengthen policy support for enterprise energy conservation and carbon reduction work. to help achieve win-win development of social, economic and ecological construction.
Institutional viewpoint:
China Galaxy Securities Research News said that under the triple logic of equipment renewal + passenger flow recovery + overhaul cycle, the rail transit industry will usher in a new round of prosperity. According to the pace of bidding in previous years, the National Railway Group will also purchase new cars and advanced repairs for the second EMU in the second half of the year, and the railway equipment is still expected to be poor.
Citic Securities pointed out that the macro policy environment is constantly improving, many positive factors are accumulating, all kinds of funds are racing to promote the comprehensive repair of Chinese assets in the near future, optimism is budding, the market has returned to normal, and it is suggested to play down the game. allocation focuses on three main lines: high-performance growth, low-wave dividends and active themes. First of all, judging from the recent intensive positive factors, first, the tone of real estate policy has changed significantly, and the predicament of the industrial chain is expected to be reversed; second, the market has entered a performance vacuum in the short term, and the performance in the first quarter is expected to be the annual low; third, some industry policies have begun to focus on production control and price protection, improving the competitive pattern and corporate profitability; fourth, the logic of going out to sea has been widely recognized by the market, opening the growth and valuation ceiling of traditional industries. Secondly, from the perspective of the incremental capital structure of the market, the rapid increase of private equity positions and the intensive inflow of northward trading funds have brought increments to A shares, while southward capital inflows and rebalancing of foreign investment in Asia-Pacific have accelerated the development of Hong Kong stocks. Finally, from the perspective of the ecology of the market, investors have emerged from the atmosphere of excessive caution, and the normalization of IPO also marks a return to normal.
