Yesterday, the Shanghai stock index traded in real estate,bankDriven by the sector, it rose for a while, but fell again in the afternoon; the GEM and Science and Technology Innovation 50 Index fell sharply; as of the close, the Shanghai Stock Exchange Index rose slightly by 0.05% to 3202.95 points, the Shenzhen Component Index fell by 1.01% to 9965.02 points, and the GEM Index It fell 2.21% to 2039.95 points, and the Science and Technology Innovation 50 Index fell 2.57%; the total turnover of the Shanghai, Shenzhen and North cities was 1.38988 billion yuan, a decrease of more than 260 billion yuan from the previous day. On the market, local stocks in Chengdu and Chongqing exploded, with real estate, banking, and construction sectors rising sharply, and sectors such as steel, electricity, and securities firms rising.human brain engineeringnew towns,Water conservancy constructionConcepts etc. are active;semiconductor、Military industrySector weakness.
dongguansecuritiesHe said that the current index is still showing a volatile consolidation trend, and there may still be shocks in the short term. However, considering that the follow-up policy support is still strong, and after digesting the early selling pressure, the market is still expected to gradually stabilize, and attention will be paid to the direction of policy support and hot spot rotation opportunities. In terms of sector selection, it is recommended to focus on financial,Special evaluationconsumption and TMT sectors.
Analysis of today’s investment opportunities
Cement prices expected to maintain after rise
Since 2020, cement demand has continued to decline, industry profits have fallen rapidly, and it faces greater operating pressure. In order to promote the gradual recovery of profits, in this year’s peak season, leading companies have adopted the strongest production suspension in history during the peak season and actively promoted price increases.
CITIC SecuritiesIt was pointed out that starting from September 27, cement companies in the Yangtze River Delta region planned to increase clinker prices by a one-time surge of 100 yuan/ton, which has been gradually implemented. On the one hand, most companies are operating at a loss, and cement companies are highly willing to increase prices in order to turn losses into profits. On the other hand, the company plans to increase peak-shift production and suspend production for 12 days from September 27 to October 31. Looking forward to the fourth quarter, first of all, the performance of cement companies in the first half of 2024 has suffered a huge blow, and operating pressure has increased. This round of plans for a one-time increase of 100 yuan/ton in the Yangtze River Delta region also shows the strong willingness of cement companies to turn losses into profits. Secondly, judging from the implementation of this round, synergy among cement companies has been strengthened, and peak-shifting production has been better implemented. Driven by leading players, prices are expected to be maintained after this round of cement increases, and corporate profitability will be greatly restored.
AI video model intensive release
Since this year, Meta, Google, Runway, Pika, Bytedance, Kuaishou, Alibaba, and Minimax have all released AI video models, all of which have the ability to generate videos of more than 5 seconds, with generally high levels of color, dynamics, and quality. Taking Meta as an example, its AI video function will be integrated into social platforms such as Facebook and Instagram, and user penetration will be further increased.
At present, among domestic model companies, Kimi, Step Star, etc. have not yet released video models and are expected to launch them later.CITIC Construction InvestmentSecurities stated that models such as Kuaishou Keling, Zhipu, and Runway have recently opened video model APIs, and the average fee for generating a 5-second video ranges from 0.5 to 2 yuan. Looking forward to the future, as the application penetration rate of AI video increases in C-side entertainment and social networking, B-side film and television content production and other scenarios, and the cost of overlay API continues to decrease, the commercialization space of AI video will open up.
The tenth batch of drugs will be announced for national procurement soon
On October 15, the 10th batch of national centralized drug procurement reporting documents circulated in the industry, showing that this reporting volume was officially launched on October 18. Medical institutions must import the historical purchasing volume in 2023 and fill in the relevant drug procurement demand as required. And submit it before 24:00 on October 28. All provinces will complete the review of application volume before 5 pm on November 1. It is reported that the tenth batch of national centralized procurement is the largest in the history.
Bank of Communications InternationalIt is pointed out that the documents submitted for the tenth batch of national procurement of drugs show that the entry threshold for this round of national procurement is the highest in history, and the proportion of injections is the highest in history. Competition is expected to be extremely fierce, but for most prescription pharmaceutical companies, there are fewer large varieties involved, and the impact Maybe limited. It is recommended to refer to the final breed list. Recently, the pharmaceutical sector has fluctuated sharply due to fluctuations in market investment sentiment. However, considering that the valuation of the sector has previously been at a historical bottom, there is still room for further recovery.
Inter-provincial electricity spot market officially launched
According to the State Grid, since January 2022, my country’s inter-provincial electricity spot market has entered official operation on October 15 this year after 31 months of smooth and orderly continuous trial operation. The scope of my country’s electricity market-based transactions has further expanded. .
Zheshang Securitiespointed out that the formal operation of the inter-provincial electricity spot market means that the inter-provincial transaction contracts of power generation enterprises can be fulfilled, so as tonew energyThe electric power resources represented by this can be absorbed in various regions across the country, and then better play the role of complementing each other in the surplus and shortage of electric power between various regions, providing a more diversified path for the optimal allocation of electric power resources across the country.
Thermal power provides an important supporting role for the stable operation of the power system. In the spot market, output can be flexibly adjusted according to price changes. It is recommended to pay attention to thermal power central enterprisesGuodian Electric Power、Datang Power Generation、Huaneng International、Huadian International. It is expected that the continued advancement of the inter-provincial electricity spot market will further benefit regulatory resources. It is recommended to pay attention tovirtual power plantTargetAnkeri、Core Energy Technology、China New Group、Langxin Groupwithdraw the scarce targetSouthern Grid Energy Storage。
Other market-moving news
Ministry of Housing and Urban-Rural Development: Credit scale for “whitelist” projects will increase to 4 trillion yuan before the end of the year
Minister of Housing and Urban-Rural Development Ni Hong said at a press conference of the State Council Information Office on October 17 that the credit scale for “white list” projects will be increased to 4 trillion yuan before the end of the year, and all qualified real estate projects will be included in the “white list” “.
Ni Hong also said that an additional 1 million units of urban village renovation and dilapidated housing renovation will be implemented through monetary resettlement.
The central bank and the Ministry of Science and Technology have made arrangements for providing scientific and technological financial services in key areas.
Recently, the People’s Bank of China and the Ministry of Science and Technology jointly issued the “Notice on Providing Scientific and Technological Financial Services in Key Areas” to guide and promote the provision of scientific and technological financial services in areas with dense technological elements such as Beijing, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. The “Notice” puts forward relevant requirements for accelerating the construction of a scientific and technological financial system that adapts to scientific and technological innovation in key regions and playing a leading and exemplary role: First, integrate various policy resources to support the development of scientific and technological finance, and improve the evaluation of scientific and technological innovation attributes of enterprises and the docking of investment and financing. , risk sharing compensation and other mechanisms. The second is to increase the intensity and level of financial support, make good use of structural monetary policy tools such as re-lending for technological innovation and technological transformation, and expand loans to technology-based enterprises in the jurisdiction. Incorporate the underwriting and investment in technology enterprise bonds into the evaluation of the effectiveness of technology financial services to promote the growth of the issuance scale of science and technology innovation notes. The third is to focus on the needs of building a scientific and technological innovation center and increase financial support for scientific and technological enterprises, key scientific and technological projects, and key manufacturing industry chains and clusters within the jurisdiction.
Seven departments: guide recycling companies to develop new energy in a standardized mannercar dismantlingbusiness
Recently, seven departments including the Ministry of Commerce jointly issued a notice on strengthening the supervision and management of scrapped motor vehicle recycling, which stated that local commerce, public security, ecological environment, transportation, market supervision and other departments will strictly investigate and deal with illegal recycling and dismantling activities in accordance with laws and regulations. A three-month special campaign to crack down on illegal recycling and dismantling will be launched from October to December 2024. The focus is on illegal activities such as recycling and dismantling scrapped motor vehicles without obtaining qualifications, reselling scrapped motor vehicles and assembled vehicles, buying, selling, forging, and altering “Scrapped Motor Vehicle Recycling Certificates”, exceeding standards of sewage discharge, illegal disposal of solid waste, etc. Maintain a high-pressure posture, intensify crackdowns in accordance with the law and duties, and publicly expose key cases and typical cases investigated and dealt with. Strictly implement motor vehicle scrapping standards and vehicle safety and environmental protection inspection standards, and eliminate old cars that meet compulsory scrapping standards in accordance with laws and regulations.
National Medical Insurance Administration standardizes the management of external prescriptions for medical insurance drugs
On October 16, the Office of the National Medical Security Administration issued a notice on standardizing the management of foreign prescriptions for medical insurance drugs. It is proposed that local medical insurance departments should guide designated medical institutions to prepare the drugs needed for diagnosis and treatment in accordance with relevant requirements and medical insurance agreements. If they are temporarily unable to prepare but really need to use them, they should provide necessary prescription dispensing services for insured persons and strengthen management. In coordinating areas where the medical insurance electronic prescription center has been launched, designated medical institutions should provide prescription outsourcing services through the electronic prescription center. In principle, drugs sold by designated retail pharmacies based on prescriptions dispensed by designated medical institutions in the co-ordinating area, and if they meet the regulations, can be included in the payment scope of the medical insurance co-ordination fund, and they will not accept prescriptions dispensed by medical institutions outside the co-ordinating area for the time being.
(Source of article: Securities Times.com)
