Market News // 1. Economic data for April will be released On May 17, the National Bureau of Statistics will release economic data such as industrial added value, fixed asset investment, and total retail sales of consumer goods in April.
Hua Chuang Securities believes that the fundamental positive factors reflected in the April economic data may increase, and a number of sub-readings are expected to improve. On the production front, April's PMI pointed to an accelerated expansion in manufacturing production, with industrial growth expected to rise slightly to more than 5%. From the perspective of demand, the export reading is expected to recover to positive under the low base, continuing the trend of weak recovery, and the support of import prices for the reading may weaken. In terms of investment, the high-frequency data related to infrastructure investment in April was more positive, especially the month-on-month increase in the price of investment products, and the growth rate of fixed assets may rise to about 4.8%. In addition, it is expected that the growth rate of total retail sales of consumer goods may be around 4.5%.
2. Housing prices in 70 cities will be released in April
On May 17, the National Bureau of Statistics will release the monthly report on the sales price index of commercial housing for April. According to previous data, in March, the sales price of newly built commercial residential buildings in first-tier cities fell by 0.1% month-on-month, a decrease of 0.2 percentage points from the previous month, while the sales prices of newly built commercial residential buildings in second- and third-tier cities decreased by 0.3% and 0.4% month-on-month respectively, the same rate of decline as the previous month.
3. The refined oil was lowered again
According to the principle of "ten working days", the window for this round of price adjustment is 24 o'clock on May 15. According to monitoring, on May 11, the domestic reference crude oil change rate on the 7th working day was -4.64%, and it is expected that gasoline and diesel will be reduced by 200 yuan/ton. According to the current reduction in the range of conversion, the domestic oil price will be reduced by 0.15 ~ 0.17 yuan / liter, the owner wants to fill up a car with a fuel tank of 50L, will save 7.5 ~ 8.5 yuan.
4. Northbound real-time data adjustment
At the opening of the market on Monday, everyone could not see the real-time data of northbound funds. According to the announcement of the Hong Kong Stock Exchange, with reference to the notice issued by the Exchange on 3 May 2024, after the successful completion of the pre-launch test, the adjustment of the real-time turnover and daily quota balance of Northbound trading will be officially implemented on 13 May (Monday).
5. The US April CPI data is coming
The U.S. stock market is about to face a blockbuster test, and the US April CPI data will be released on Wednesday. Due to the high inflation in the United States in the first three months of this year, many Fed officials are cautious about the next monetary policy, and some hawkish officials say that there will be no interest rate cuts this year, and even the possibility of further rate hikes cannot be ruled out.
If the US CPI in April beats expectations again and rises from the previous value, it is expected to hit the market's bets on the number of rate cuts by the Fed this year.
Sector Matters //
1. Apple's new generation iPad Pro went on sale on Wednesday
At Apple's press conference last week, Apple unveiled a new generation of iPad Pro with M4 chip and OLED display, as expected, which began to be available for pre-order on the day of the launch and will be available on Wednesday.
Apple's new generation of iPad Pro, although the OLED display has been upgraded, and the M3 chip is directly adopted M4, but the obvious upgrade of the hardware configuration has also brought a higher price, the starting price of the 11-inch version is $999, and the 13-inch version is $1299, which is $200 higher than the previous generation. The 11-inch version is sold at 8999 yuan in the domestic market, and the 13-inch version is 11499 yuan, which is 2200 yuan higher than the starting price of the previous generation.
2. 2024 Global Trade and Investment Promotion Summit
The 2024 Global Trade and Investment Promotion Summit will be held in Beijing on May 13. With the theme of "Mutual Trust and Cooperation: Choices in a Changing World", this year's summit explored ways to address global challenges through mutual trust and cooperation in a century of changes, and strive to inject more certainty into the world's economic and social development.
3. The 8th China-Russia Expo
The 8th China-Russia Expo will be held in Harbin from May 16 to 21. The Ministry of Commerce said that it will continue to take active measures with Russia to consolidate the scale of trade in bulk commodities such as energy, minerals and grain, and expand cooperation in emerging fields such as trade in services, digital economy, and green and low-carbon.
4. 2024 Shanghai Information Consumption Festival
The 2024 Shanghai Information Consumption Festival is planned to be held from May 17 to June 17, including innovation competitions, ecological bazaars, high-end dialogues, supply and demand docking, etc., to promote digital information consumption from technology, industry, finance and other aspects, and unleash the new potential of information consumption.
5. Hearings on the U.S. House of Representatives version of the Biosecurity Act
In March of this year, the U.S. Senate committee approved the Senate version of the bill, the Biosecurity Act; A committee of the U.S. House of Representatives is expected to decide whether to move forward with the bill on Wednesday. Individual stock events //1, Zheshang Securities: intends to participate in the auction of 7.4159% shares of Guodu Securities After the market on May 10, Zheshang Securities announced that the company intends to participate in the auction of a total of 7.4159% shares of Guodu Securities held by Tongfang Venture Capital and Jiarong Investment, with a total transfer floor price of 1.13 billion yuan.
And this is the second time in three days that Zheshang Securities has "attacked" Guodu Securities. If Zheshang Securities can go further this time, its share ratio is expected to increase to 34.26%. It will form better control over Guodu Securities.
2. Ningbo Huaxiang: It is planned to acquire 47.5% of the shares of Ningbo Shilamb for about 1.473 billion yuan
Ningbo Huaxiang announced that Ningbo Huaxiang intends to acquire 47.50% of the equity of Ningbo Shiram and 10% of the equity of Singapore Shiram, 99.50% of the equity of Japan's Shiram and 100% of the equity of South Korea's Shiram in cash, with a transaction consideration of 1.4725 billion yuan.
3. INVT: It is planned to repurchase the company's shares with 60 million yuan to 100 million yuan
INVT announced that the company intends to repurchase the company's shares with 60 million yuan to 100 million yuan, and the repurchase price will not exceed 8 yuan per share, and the repurchased shares will be used to implement equity incentives or employee stock ownership plans.
Lifting of Restricted Shares //
Wind data statistics show that this week (May 13-May 17), a total of 60 companies' restricted shares have been lifted, with a total of 2.85 billion shares, and the total market value of the ban is 39.979 billion yuan based on the closing price on May 10.
From the perspective of the market value of the lifting of the ban, May 13 is the peak period of the lifting of the ban, and the total market value of 31 companies is 22.325 billion yuan, accounting for 55.84% of the scale of the lifting of the ban this week. According to the closing price on May 10, the top three market capitalizations are: Yahuilong (7.613 billion yuan), Bozhon Seiko (7.015 billion yuan), and Maixinlin (2.276 billion yuan). From the perspective of the number of individual stocks, the top three shares are: Guohai Securities (352 million shares), Bozhon Seiko (349 million shares), and Yahuilong (300 million shares).
From the perspective of the types of shares lifted, there are 30 restricted shares of the original shareholders for the first time, 10 restricted shares for equity incentives, 7 shares for private placement institutions, 6 general shares for equity incentives, 3 shares for the initial placement of institutions, 2 strategic shares for the first time, 2 restricted shares for the original shareholders, 2 restricted shares for the first time, 2 restricted shares for the original shareholders, and 1 for other types.
This week's list of restricted shares lifted:
IPO Calendar //
According to Wind data, there were no new shares subscribed this week, but 1 new stock was listed. Reddy's shares will be listed on the Growth Enterprise Market of the Shenzhen Stock Exchange on May 13.
Institutions look at the market outlook //
Chuancai Securities: Presenting a structured market
Rubbing bottoms out, structural markets, cyclical recovery, and the rise of mid-cap stocks. The broader market may fluctuate between 2,850 and 3,500 points, and perhaps the trend of the first low and then the high will occur in 2024. The big guys are consolidating, so there is a high probability that there will still be a structured market in 2024. There is a high probability that the market style will transition from micro-cap to small-cap and small-cap varieties, and the rise of mid-cap stocks may be a market phenomenon with a high probability of occurring in 2024.
CICC: The main reason for the slowdown in financial data in April is the financial "squeeze"
This time the financial data reflects a much more complex picture than the numbers. The sharp slowdown in financial data in April suggests that domestic demand is still relatively weak, but the impact of the financial "squeeze" may be more significant, which means that the impact on the economy and markets should not be exaggerated. Specifically, the demand for housing is still weak, and the slower pace of government bond issuance does drag down the financial data, both reflecting a lack of domestic demand. However, changes in the GDP statistics of the financial industry have affected the behavioral motivation of financial institutions, which is actually "squeezing" the deposit and loan data and indirectly reducing the growth rate of M2. As the crackdown on idling and the squeeze on financial GDP have begun to play a role, achieving the 5% target will require the real economy to maintain steady growth, which shows that the importance of fiscal force has further increased.
Zhongyuan Securities: It is conducive to the market to continue to rise
The release of the new national nine articles has promoted the maturity of the market and boosted the long-term confidence of the market. The manufacturing PMI continued to be in expansion territory, and property sales improved. The Fed chairman said that the interest rate hike ended, and overseas markets rebounded. The current overall environment and market expectations are conducive to the continued upward trend of the market, and the stock index is expected to maintain a volatile upward pattern in the future, while it is still necessary to pay close attention to the changes in policy, capital and external factors. We recommend investors to pay attention to investment opportunities in industries such as new energy, semiconductors, aerospace and military industry, and construction machinery in the short term.
Great Advance Glance //
WTTS (Simulated Trading)
The Science and Technology Innovation Board, Hong Kong Stock Connect, ETFs, individual stock options, etc. are readily available
There are all kinds of combined analysis indicators, which is more convenient for roadshows
Accurate settlement of performance appraisal, and investment and research capabilities are clear at a glance