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On Thursday, the market continued its weak shock trend, and individual stocks fell. LPR downward adjustment as scheduled but failed to stir up too many waves in the market, the stock index slightly low after the flat price repeatedly, the new crown treatment, breeding performance is active, but the meta-universe, lithium battery, etc. led to a significant decline in market sentiment, most stocks followed the trend weakened, close to the noon financial stocks to protect the disk, the market tenaciously turned red, but the financial stocks failed to have sustained momentum in the afternoon, the rapid decline of the new crown treatment once again made the market more confident lost, the market fell again in the shock disk, and finally the Shanghai index closed down 0.09%, The ChiNext board fell 0.32%.
Loose expectations continue to increase, northbound funds against the current, but the market is still not appreciative, most stocks have no morale, if there is no substantial benefit, the pre-holiday market or still to weak finishing, a small range of stocks active mainly, light warehouse participation in the rotation, pay more attention to the news situation, the market urgently need strong policy stimulation.
Specifically, the index continued to consolidate in the afternoon, pork, digital currency and other sectors continued to be active, securities, banks and other large financial sectors rose in the front, Hualin Securities (002945) rose and stopped, education, oil and gas exploitation sector weakened, meta-universe, salt lake lithium fell sharply throughout the day, more than 3800 stocks in the three cities drifted green, most of the subject stocks fell, and the loss effect was obvious.
On the disk, the banking sector rose in the afternoon, Qilu Bank (601665) rose and stopped, Ping An Bank, Ruifeng Bank (601528), Bank of Chongqing (601963) followed; the securities sector continued to rise in the afternoon, Hualin Securities previously rose and stopped, Great Wall Securities (002939), Huatai Securities rose more than 5%, Guotai Junan and Guangfa Securities followed; the tobacco sector continued to slump in the afternoon, New Hongze (002836) fell nearly 5%, Evergreen Shares (300195), Huaye Spice (300886) and Jinghua Laser (603607) followed the decline; the digital currency sector rose and picked up, Cuiwei shares (603123), Hailian Jinhui (002537) previously rose and stopped, win-time win (300377), Shensi Electronics (300479) followed suit.
The turnover of the two cities is 1,129 billion yuan, and the net purchase of northbound funds is 12.576 billion yuan
In terms of trading volume, the total transaction amount of the two cities is 1,129 billion yuan, and the turnover is slightly increased compared with the previous trading day. The trading volume of northbound funds was 121.182 billion yuan, accounting for 10.73% of the total trading volume of A-shares.
Specifically, northbound funds bought a total of 12.576 billion yuan today, of which the shanghai stock connect net purchase was 7.837 billion yuan and the shenzhen stock connect net sale was 4.740 billion yuan.
LPR lowered as scheduled Is the banking sector extremely taku?
On January 20, the banking sector 3 Lianyang, as of the close, the sector rose by 1.48%, in terms of individual stocks, the sub-new stock Lanzhou Bank (001227) rose and stopped, Qilu Bank, Ping An Bank, Hangzhou Bank (600926), China Merchants Bank, Industrial Bank rose in the front.
After a slight downward correction on January 16 and January 17, the banking sector continued to rise, and as of today, it has been three consecutive yangs.
At 9:15 a.m. today, China's central bank cut the one-year loan market quotation rate (LPR) from 3.8% to 3.7%, the second consecutive month, and the five-year loan market quotation rate (LPR) from 4.65% to 4.6%, after remaining unchanged for 20 consecutive months.
For the LPR decline, CICC (601995) quickly released a research report commenting that the interest rate cut has less impact on the bank's interest rate differential, CICC pointed out: 1) MLF cut led to bank debt cost savings; 2) LPR cut bank loan yield decline; 3) market interest rate hub may also fall accordingly. CICC estimates that the interest rate cut will have a negative impact on banks' net interest margins by about 1.9bps, equivalent to a net profit of 2.0%. CMB, Ping An, Ningbo and other banks are less affected by assets and liabilities than their peers due to structural factors of assets and liabilities. Considering that banks will take the initiative to adjust the asset-liability structure to cope with the pressure on interest margins, and the effect of saving liabilities and cost savings by adjusting the self-discipline pricing mechanism of deposits has gradually emerged, and the actual impact of interest rate cuts is small, CICC maintains the judgment that the net interest margin of banks has narrowed slightly by 2-5bps this year.
As for the net interest margin pressure that the market is worried about, CICC said that compared with the net interest margin pressure, credit cost is the main factor affecting profits at this stage, and the stable growth policy will help improve bank asset quality expectations.
Pig price reversal logic landed prefabricated vegetable boom to help the valuation of the plate increase
On January 20, the aquaculture sector rose sharply, and as of the close, the sector rose the most. In terms of individual stocks, Zhongshui Fishery (000798), Xiantan Shares (002746) rose and stopped, and Makihara Shares (002714), Wen's Shares (300498), Zhengbang Technology (002157) and other stocks have followed suit.
The recent changes in the aquaculture sector are frequent, on the one hand, it is related to the fundamental changes within the plate, on the other hand, the prefabricated vegetable boom has swept A shares, and many companies in the industry have successively connected with prefabricated vegetables to help the valuation of plate companies increase. For example, the previous popular stock Guolian Aquatic Products (300094), which is up and down today, said in response to investors' questions on the interactive platform that the company's products can be used for pre-made dishes. The company pays great attention to the field of prepared dishes, and currently has prefabricated foods such as tuna dumplings and tuna rings.
Recently, Makihara released a performance forecast, it is expected that the company's revenue in 2021 will be 77 billion yuan to 80 billion yuan, and the net profit attributable to the mother will be 6.5 billion yuan to 8 billion yuan, down 70.86% year-on-year to 76.32%. For the reasons for the change in performance, Makihara shares explained that the company's pig output increased significantly compared with the same period last year during the reporting period, but due to the gradual recovery of domestic pig production capacity, the price of live pigs in 2021 decreased significantly compared with the same period last year.
Makihara in the pig sector has always been a relatively well-managed company, for a long time the cost price is at a relatively low level in the industry, Guosen Securities for its performance comments said that its short-term cost increase characterizes the short-term cost of the industry, the logic of the early reversal of the cycle has been further catalyzed, which is good for the company and the industry. Guosen Securities believes that 2022 is the best stage for the layout of the pig sector in advance, because the pig cycle in 2023 has a high probability of reversing the market, and the recent losses have intensified or accelerated the expected reversal trend.
The performance is too explosive! Jiuan Medical made more than 1 billion yuan in the fourth quarter
Yesterday evening, Jiuan Medical (002432) released the 2021 annual performance forecast, is expected to achieve a net profit attributable to the mother of 9-12 billion yuan, an increase of 271.40% -395.19% year-on-year, mainly due to the continued impact of the global new crown epidemic in 2021, the company's new coronavirus (SARS-CoV-2) antigen home self-test OTC kit products in the US market sales performance increased significantly.
According to the previously announced three quarterly reports, Jiuan Medical is expected to achieve a net profit attributable to the mother of 850-1.15 billion yuan in the fourth quarter of 2021, achieving the best single-quarter profit result, and the company has achieved a total net profit attributable to the mother of 118 million yuan in the past 12 years of listing, and the profit achieved in one quarter is more than seven times that of the sum of 12 years.
After the release of Jiuan Medical's performance, today's strong rise and stop. But just before the release of the performance forecast, Jiuan Medical fell for two consecutive years, opened high and low on Tuesday until it fell to a stop, touched the stop board many times on Wednesday, and closed slightly back, reporting a decline of 5.27%. Despite two consecutive declines, Jiuan Medical is still the most profitable stock since November last year, with a cumulative maximum increase of 14 times.
Everbright Securities believes that the difficulty of epidemic prevention and control has increased, and the prevention and control of the new crown virus may become normalized. "Vaccine + therapeutic drugs" will become a covid-19 prevention and control strategy, and although vaccines are accelerating globally, therapeutic drugs are still an indispensable part. We believe that therapeutic drugs that cover the entire course of COVID-19 disease, including oral drugs that facilitate administration/play an early role in prevention and treatment, and neutralizing antibodies that block or eliminate virus infection in human cells, have great commercial value. At present, a variety of drugs are located in all stages of clinical development worldwide.