Editorial Department of this journal丨Qi Yongchao
In early April, there was a certain divergence in the market, but this did not prevent a number of individual stocks from hitting record highs against the market, or rising strongly for many consecutive trading days...... We took a look at the companies and found that they are distributed and focused on certain industries, and behind this, they also have some other commonalities.
32 targets hit a record high Non-ferrous metals, public utilities, etc. are more concentrated
Before and after the Qingming holiday, the frequency of the market's "face change" has accelerated, and the overall performance is that AI, chips and other leading sectors in the early stage are under pressure to adjust, and a few main lines such as resource stocks and high dividends continue to be active. On April 9, the main line of solid-state batteries and lithium batteries broke out again...... At the same time, the market trading activity is relatively low, and in this market environment, it is difficult to step on the rhythm and capture the α opportunities of excess.
That said, there are a lot of bright spots to be found in the market, such as the all-time high contrarian rally that we highlighted today. Most of them are mainly "slow bull" targets, and there are also a few "pulse" rising targets, and we have screened the relevant companies for your analysis and observation.
Under the market differentiation, dozens of more than 5,000 stocks have shown their edge, and the stock price has hit a new high. According to Wind's incomplete statistics, excluding new stocks listed in 2024, in the past five trading days as of the close of trading on April 8, 32 stocks in the A-market have hit a record high since their listing (according to the statistics of Wind's share price increase).
Recently, stimulated by a number of factors such as the Federal Reserve's interest rate cut expectations, economic data rebound, annual report performance catalyst and risk aversion, the non-ferrous metal sector has been completely on fire, and the number of gold and non-ferrous metals related to gold and non-ferrous metals has reached a new high in the recent stock price, reaching 8.
According to its previously disclosed 2023 performance forecast, it is expected to achieve a net profit of 980 million yuan ~ 1.03 billion yuan for the whole year, a year-on-year increase of 60.72% ~ 68.92%. Since the beginning of this year, the company's stock price has staged a "steady happiness", and on April 8, it hit a new high since its listing in June 2015 (see Figure 1).
In addition, according to our screening, in addition to non-ferrous metals and other targets, the number of stocks in automobiles, machinery and equipment, household appliances, transportation and other industries that have reached record highs is also relatively large.
Taking Hisense household appliances in household appliances as an example, the company will achieve a net profit of 2.837 billion yuan in 2023, a year-on-year increase of 97.73%, and at the same time, the company has launched a dividend plan of 10.13 yuan for every 10 shares. In terms of the secondary market, on April 8, the company's share price hit an all-time high since its listing in July 1999 (see Figure 2).
Taking a machinery and equipment company as an example, the company's large-scale parts and components machinery products involve wind power, die-casting machines, construction machinery and other fields, and the company's net profit in 2023 has achieved a growth of more than 30%, and a dividend plan of 6.25 yuan has been launched for 10 distributions. On April 8, the company's stock price hit an all-time high since its listing in June 2011......
What is the reason for the stock prices of companies in the above-mentioned industries to hit record highs? We have analyzed and found that there is an additional positive provision behind them, that is, the "Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods", which mentions promoting the renewal and transformation of industry equipment and transportation equipment, and promoting the trade-in of automobiles and home appliances. Of course, behind their record highs, there are also a number of factors such as performance growth exceeding expectations, steady growth in contract order volume, and asset acquisitions.
In addition to the industries mentioned above, the recent record high is also distributed in the fields of building decoration, electronics, basic chemicals, computers, medicine and biology, agriculture, forestry, animal husbandry and fishery. We further observed that they mostly have the following labels, such as major projects, business orders and other business aspects are favorable, in addition to excellent performance, willing to pay dividends, etc.
For example, a stock whose main business is building decoration, its latest undertaking of a low-altitude intelligent infrastructure project, or driven by this, the company's share price has risen in recent days, and hit a record high on April 8, and has risen by more than 180% since February 6; For more information, please scan the QR code (Table 1) [Free].
All information can be viewed in the Securities Market Weekly Market Account official account.
110 stocks have risen for 6 consecutive days or more, and the performance label is prominent
It has to be said that some targets that have hit record highs do not rule out the possibility of continuing to rise in the market outlook, but at the same time, it is inevitable that they will face the pressure of correction and differentiation. We have observed that in addition to some historically high stocks, a number of individual stocks are also "quietly" rising, and the stock prices have risen steadily for many consecutive trading days, and many targets are coming out of the "slow bull" market.
According to incomplete statistics, as of the close of trading on April 8, there were 110 stocks that rose for six consecutive days, and 9 stocks that rose for seven consecutive days. There are 3 stocks that have risen for 8 consecutive trading days, and 2 stocks have risen for 9 consecutive days, the detailed list can be found (Table 2).
For example, there are 26 stocks in non-ferrous metals, 14 public utilities (electricity, gas), petroleum and petrochemical, transportation, coal, machinery and equipment, power equipment, textiles and apparel and other industries, in addition to food and beverage, building materials, household appliances and other fields.
According to our further combing, we found that after many targets continued to rise, the stock price ushered in a good stage of growth. Taking the oil stock Zhongman Petroleum as an example, on March 28 ~ April 8, the company's stock price rose for 6 consecutive days, with a cumulative increase of nearly 27% during the period. At the same time, the company's share price hit a new five-year high (see Figure 3).
Another example is Jiantou Energy in the field of public utilities, the company's main business is energy projects based on power production. During the period of March 28th ~ April 8th, the company's stock price also achieved 6 consecutive increases, and the stock price rose by 16% during the period (see Figure 4).
According to our observation, behind the continuous rise in the share prices of Zhongman Petroleum and Jiantou Energy, there are factors of performance growth. For example, according to Zhongman Petroleum's previous disclosure, the company's annual crude oil production in 2023 will reach a new high, and it is expected to achieve a net profit of 800 million yuan ~ 850 million yuan in 2023, a year-on-year increase of 58.94% ~ 68.88%, and Jiantou Energy is expected to achieve a net profit of about 170 million yuan in 2023, a year-on-year increase of 65.07%. According to its latest disclosed operating data, the company completed power generation of 12.748 billion kWh in the first quarter of 2024, a year-on-year increase of 21.28%.
This is not an isolated case, we found that judging from the performance forecast or officially disclosed annual report results, most of the stocks that have seen continuous gains recently also have the performance label.
We have screened a list of individual stocks with the following qualifications for your reference: 1. Targets that have risen for 6 consecutive days or more, and whose stock prices have risen in the top range since February 6, 2. Targets with good performance forecasts in the 2023 annual report, and 3. Excluding ST targets.
Among them, a commercial retail stock has risen for 6 consecutive days, and the stock price has risen by 82.98% since February 6, and the company's 2023 annual report performance is expected to increase by nearly 60%. From the perspective of the secondary market, the company's recent trading volume has been significantly enlarged, and the stock price has broken through the pressure level of the previous platform, and hit a new high in the past year; For more information, please scan the QR code below (Table 2) [Free].
All information can be viewed in the Securities Market Weekly Market Account official account.
(The individual stocks mentioned in the article are for example analysis only, and do not make trading recommendations.) ）