On September 10, A shares fluctuated widely.Shanghai IndexBreaking through 3700 points, the ChiNext rebounded. On the disk, the industry,Precious metals,fertilizer,Bank、Tourist Hotel、Electronic component、Brokerage trustLed the rise, coal, petroleum, shipping, environmental protection, chemical fiber,Culture, Education and LeisureThe decline in other industries is among the top.themeIn terms of stocks, UHV, organic silicon, and gold concepts led the gains, while oil and gas equipment, shale gas, natural gas, salt lake lithium extraction, and industrial mother machines were among the top decliners.
The concept of organic silicon is once again active
The silicone concept rose again in intraday trading on the 10th,Hongda New MaterialDaily limit, market value leader of 100 billion yuanHesheng Silicon IndustryThe daily limit was once touched during the session. This week, the market price of organic silicon has been raised again, and the mainstream offer in the DMC market is 37,700-38,200 yuan/ton. Compared with the same period last year, the increase has exceeded 100%, setting a new high since September 2011. At present, the main domestic manufacturers of organic silicon monomers are not reporting, and the companies mainly execute pre-orders.
It is understood that due to environmental protection and other reasons, new organic silicon production capacity is limited, resulting in a supply gap. In addition, the upstream industrial silicon production capacity was affected by the power curtailment in Yunnan, and the operating rate declined. In terms of demand, the downstream application scenarios of silicones have continued to expand. Since the beginning of this year, with the continuous recovery of the global economy, overseas demand has grown strongly, and downstream orders have increased significantly, which has led to a significant increase in the demand for silicone products. The agency said that the price of raw metal silicon continues to rise, and support for the cost of organic silicon still exists.Although domestic companies will still have new production capacity in the next few years, the demand for new energy vehicles and photovoltaics and other emerging fields is expected to be gradually released. The overall supply and demand pattern is still improving. Silicone DMC is expected to operate at a high level. It is recommended to pay attentionXin’an shares、Dongyue SiliconAnd other industry leaders. (Securities Times Network)
Silicone DMC prices hit a 10-year high, institutions suggest to pay attention to industry leaders
According to media reports, on September 9, the domestic market for silicone DMC (Dimethylcyclosiloxane Mixture) was quoted at 37,700 yuan/ton, which has doubled compared with the same period last year. This year, the increase has exceeded 70%, setting a record in 2011. New high since September. “In September, the domestic silicone market continued to rise, and it has shown a prosperous scene that has not been seen in 10 years. Superimposed on the arrival of the peak season of’Golden Nine and Silver Ten’, the’high fever’ of silicone may be difficult to retreat.” Recently, an industry insider said.
Shengang Securities pointed out that from the supply side, the growth of overseas monomer production capacity has basically stagnated in the past ten years, and the global production capacity of organic silicon has gradually shifted to Asia. my country has become the world’s largest producer of organic silicon and organic silicon monomers and intermediates. . Affected by the country’s supply-side structural reforms and increasingly stringent environmental protection policies, domestic technologically backward companies have stopped production and restricted production. The new capacity is mainly from the expansion of leading companies. The combined production capacity of the top five companies accounts for approximately the country’s total production capacity. 60% of the total, the industry concentration has increased significantly. (Securities Times Network)
Banking stocks collectively rise, Ping An Bank rose more than 8%, China Merchants Bank, etc. rose nearly 4%
BankStocks rose collectively during intraday trading on the 10th. As of the close,Ping An BankRose more than 8%,Zhangjiagang Branch、China Merchants BankSuch an increase was nearly 4%.
forBankshare,Huatai SecuritiesIt was pointed out that in the first half of 2021, the year-on-year growth rate of listed banks’ profits was restored strongly, mainly driven by the year-on-year decline in credit costs, and the performance of high-quality small and medium-sized banks was even brighter.stableCredit, Under the tone of the anti-risk policy, it is expected that listed banks will be listed in 2021Net profitThe year-on-year growth rate is still expected to maintain a relatively high level:currencyThe policy is structurally exerted, and the growth rate of asset scale is expected to remain relatively stable; the net interest margin is expected to remain stable; wealth management drives mid-income growth, and other non-interest income is expected to become the main driving force of revenue growth under the low base effect; non-performing loans Strict identification + strong disposal, asset quality is expected to continue to improve. The current valuation of bank stock PB(lf) is only 0.67 times,PerformanceRepair + policy care is expected to drive valuation repair.
Ping An Securities stated that it continues to be optimistic about the allocation value of the banking sector. The core logic is as follows: 1) Although the momentum of economic growth has weakened, combined with the recent leadership’s statement, as the subsequent inter-cyclical adjustment policies have been implemented, the economy has stabilized and improved in the second half of the year. The economic trend remains unchanged, which is conducive to the continued improvement of bank fundamentals. 2) The fundamentals of the industry continue to improve along with the steady operation of the economy, which is reflected in the steady growth of revenue and continued improvement in asset quality. Considering that the credit cost has been substantially accrued since 2020 to consolidate the level of provision, it is recommended to continue to pay attention to the continued improvement of asset quality as the provision for profit feeds back. 3) The industry’s static PB valuation is still at a historically low level, and the margin of safety is sufficient. Recommendations for individual stocks: 1) To China Merchants Bank,Bank of NingboBanks with flexible physique mechanisms and competitive advantages on the debt side are represented; 2)Industrial Bank、Postal Savings BankRepresents the undervalued varieties. (Securities Times Network)
The price of gold breaks upwards. How can the market outlook for gold concept stocks be active throughout the day?
On Friday, gold concept stocks were strong throughout the day.For the gold market outlook, Huaan FuturesResearch reportPointed out that, on the whole, the short-term gold price has rebounded to its current position, and the upper space is limited. Next month, we will focus on non-agricultural data.It is expected that the new fiscal year of the United States will begin in October, the debt ceiling problem will be resolved, and Biden’s large government will continue to exert fiscal lenient. At that time, the U.S. dollar and U.S. debtinterest rateThere will be an upward wave, which may open up the downward space for gold.
South China FuturesAccording to the research report, in the short-term, the bulls in the gold market are already dominant, and they are expected to further test the 1800 strong resistance within the week.Although economic data and the spread of the epidemic continue to be disturbed, the currentMidlandBefore there is no dovish statement on the monetary policy, it will be difficult for gold to break through further upwards, and support the 1760 area below. It is recommended that short-term operation be the main operation in the operation.
Industrial SecuritiesThe research report pointed out that in the future, as the current Fed policy is facing a turning point from loose to tight, it is difficult for short-term gold prices to start a new round of upward cycle. However, in the long run, factors such as lack of demand and high government debt ratio have made the Fed “easy to loosen but difficult to tighten.” The purchasing power of the U.S. dollar is facing dilution, and gold has long-term allocation value. (China Business News)
The medium and long-term plans for pumped storage are released. These subdivisions will enter a stage of rapid development.
In the morning of September 10, the pumped storage sector led the two markets, and all stocks in the sector rose. On the news, recently, the “Pumped Storage Medium and Long-term Development Plan (2021-2035)” was released. The “Plan” requires speeding up the approval and construction of pumped-storage power stations. By 2025, the total scale of pumped-storage production will be doubled compared with the “13th Five-Year Plan”, reaching more than 62 million kilowatts; by 2030, the total scale of pumped-storage production will be more than The 14th Five-Year Plan will double again to reach about 120 million kilowatts; by 2035, a modern pumped storage industry with advanced technology, high-quality management and strong international competitiveness will be formed to meet the large-scale development needs of a high proportion of new energy. A group of large-scale backbone enterprises for pumped storage.
Guosen SecuritiesIt is pointed out that pumped energy storage power stations mainly make profits through the arbitrage of the peak-to-valley price difference. The income mainly comes from capacity electricity fee and power generation electricity fee; the cost is mainly electricity purchase expenses and depreciation expenses. Considering the construction investment of pumped energy storage power station is 6 yuan/W, the equipment life is 20 years, the civil works life is 50 years, the power consumption is 20%, and the pumped energy storage cost is 0.07~0.15 yuan/kWh, which is lower than the current chemical energy storage cost. By 2035, the total scale of production will be 300 million kilowatts. The total investment is expected to reach 1.8 trillion yuan.It is recommended to pay attention to hydraulic turbine equipment and water conservancy and hydropowerConstructionPlate.
Everbright SecuritiesIt said that the importance and urgency of increasing the scale of renewable energy grid connection is becoming increasingly prominent, and the increase of energy storage scale is the top priority; as the most mature and economical energy storage method at the current time, pumped storage power plants The construction of the “14th Five-Year Plan” period will usher in a new window of development. (China Business News)
The Shanghai Municipal Commission of Economy and Information Technology issued an action plan to promote the high-quality development of industrial software (with shares)
The Shanghai Municipal Commission of Economy and Information Technology and many other departments issued a notice on the “Shanghai Action Plan for Promoting the High-Quality Development of Industrial Software (2021-2023)”. The notice pointed out that by 2023, the scale of the industry will be enlarged. Cultivate and introduce more than 200 industrial software companies, cultivate about 10 listed companies, and cultivate 5 key industrial software companies over 1 billion yuan. The scale of Shanghai’s industrial software exceeds 50 billion yuan. Core R&D and design industrial software is generally applied. A batch of industrial software in key fields has been verified and applied.AerospaceAnd major equipment and other industries to form a batch of industrial software demonstration applications.
Galaxy Securities believes that China, as the world’s largest manufacturing country, has achieved full life cycle coverage in industrial production, but it is benchmarked against the global market. my country’s manufacturing industry accounts for 28% of the world’s added value, and industrial software only accounts for 6%; the scale of industrial software companies Compared with the global top manufacturers, there is a large room for improvement; as my country’s industrialization transitions to post-industrialization, the demand for industrial software market will continue to be released. According to data from the China Industrial Technology Software Industry Alliance, in 2019, the global industrial software market reached 410.7 billion U.S. dollars, with a year-on-year growth rate of more than 5% in the past three years, and a compound growth rate of 5.4% from 2012 to 2019. The scale of the domestic industrial software industry only accounts for 6% of the global industrial software market, but the domestic industrial scale has grown rapidly, with a year-on-year growth rate of about 15% in the past three years, and a compound growth rate of 13% from 2012 to 2019. It is expected to continue in the future accelerate.
The agency pointed out that the development of industrial software can be divided into three stages. First, the pure software stage, where foreign companies dominate the market; second, the software collaborative application stage, where business processes collude and optimize, and domestic manufacturers begin to gradually catch up with foreign manufacturers; Third, the “industrial cloud” stage. In this stage, the software is no longer a single software, but integrates multiple software and provides “software service“The overall solution of “. With the help of the industrial Internet platform and the promotion of “Industrial Cloud”, domestic industrial software manufacturers usher in a historical development opportunity. (Securities Times Network)
The National Energy Administration and others will issue implementation opinions to further enhance the ability of charging and replacing infrastructure services (with stock)
The National Development and Reform Commission issued a notice on September 10, clarifying the key tasks for promoting the development of urban parking facilities in the near future. All cities should include parking facilities projects in their key project construction plans, accelerate the advancement of preliminary work, strengthen element guarantees, increase capital investment, and build a number of parking facilities projects. At the same time, fully tap the potential of parking resources and launch a batch of parking resource sharing demonstration projects. The Ministry of Transport organized the pilot work of ETC smart parking. The National Energy Administration, together with the Ministry of Industry and Information Technology, will study and issue the “Implementation Opinions on Further Improving the Service Guarantee Capability of Charging and Swap Infrastructure” within this year.
Everbright SecuritiesIt is pointed out that under the background of carbon neutrality, new energy vehicles are ushering in rapid development, and the growth of the supporting charging and swapping industry cannot be ignored.IGuoxin EnergyAutomobiles are developing rapidly, and the penetration rate is expected to reach 20%+ in 2025. The fast-growing new energy vehicles require matching charging piles. Coupled with the continuous introduction of relevant national subsidy policies, the charging pile industry has entered the fast lane of development. However, there are still many constraints in residential charging construction. With the introduction of relevant installation and construction policies, it is expected to gradually solve the problem of home charging in the future. In addition to charging, the demand for battery replacement is also increasing. In 2020, the policy will start to favor the power exchange model again, and the national and local governments will continue to introduce related policies, and there will be huge room for future development. As a mobile energy storage terminal for new energy vehicles, the V2G market under the charging and swapping mode cannot be ignored.
The agency believes that the CAGR of charging equipment and operating services will be about 40% in the next five years, and the charging operator industry will have a high degree of concentration. In addition, the power exchange industry has a huge market space in the future, and operating vehicles and short-duty trucks will become important application scenarios, and equipment companies that bind operators will benefit first. In terms of investment, benefiting from the rapid development of new energy vehicles, it has driven the development of the supporting charging pile industry into the fast lane, and the battery swap mode can effectively guarantee the endurance of electric vehicles. (Securities Times Network)
(Article Source:Oriental wealthResearch center)
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