Sino-Singapore Jingwei Client (June 21st) (Zhang Yanzheng) Recently, there have been newly confirmed cases in Beijing. The Sino-Singapore Jingwei client reminded that epidemic prevention and control should not be taken lightly, and personal protection is particularly important! Next week (June 22-June 28), which heavy financial events will affect your "money bag"? Let's watch together in advance!
Data release
Next week, China will release economic data such as foreign financial liabilities and assets in the first quarter; internationally, France, Germany, the European Union and other countries and regions will release economic data such as June manufacturing PMI.
Market hotspot
1. Many exchanges are closed for the Dragon Boat Festival holiday
According to the "Notice of the General Office of the State Council on the Arrangement of Some Holidays in 2020", there will be a total of 3 days off from June 25 (Thursday) to June 27 (Saturday). Go to work on June 28 (Sunday).
The Shanghai-Shenzhen Stock Exchange issued a notice saying that the 2020 Dragon Boat Festival holiday will be closed from June 25 (Thursday) to June 27 (Saturday), June 28 (Sunday) will be closed on the weekend, and June 29 (Sunday) A) Open the market as usual. In addition, Hong Kong stocks were closed on June 25 and the market opened normally on the 26th; US stocks opened normally.
2. The Shanghai Composite Index welcomes its first adjustment in 30 years
On June 19, the Shanghai Stock Exchange issued an announcement regarding the revision of the Shanghai Composite Index Compilation Plan, which will be revised on July 22nd. On the same day, the Science and Technology Innovation Board also launched its first index, the Shanghai Composite Science and Technology Board 50 Component Index, referred to as "Science and Technology 50".
3. During the Dragon Boat Festival, Beijing motor vehicles are not restricted
Recently, the Traffic Management Bureau of the Beijing Municipal Public Security Bureau issued a notice on the Dragon Boat Festival holiday, saying that from June 25 to 28, a series of adjustments will be made to the traffic management measures for motor vehicles and non-city passenger cars in Beijing. This includes: Beijing’s motor vehicles are not subject to regional traffic management measures during peak hours on weekdays; non-Beijing passenger cars are not prohibited from the 5th Ring Road (inclusive) from 7:00 to 9:00 and from 17:00 to 20:00 Restrictions on traffic management measures for road driving within the limits of the traffic management measures in the area with the number plate tail number from 9 am to 17:00.
4. Dashang adjusts the price limit and trading margin of relevant varieties of futures contracts and trading margin
On June 19, Dashang announced that it would adjust the price limit and trading margin level of various types of futures contracts before and after the Dragon Boat Festival holiday in 2020 as follows.
Since the settlement on June 23, 2020 (Tuesday), the price range of iron ore futures contracts has been adjusted to 10%, and the hedging and speculative trading margin levels have been adjusted to 10% and 11%, respectively; The range of the futures contract is adjusted to 8%, and the hedging and speculative trading margin levels are adjusted to 8% and 9%, respectively; the range of other types of futures contracts and the trading margin level remain unchanged.
After trading resumed on June 29, 2020 (Monday), the range of iron ore and yellow soybean No. 1 futures contract price limit and transaction margin level remained the same as the holiday standard; the price limit and trading margin level of other varieties futures contracts remained unchanged change.
Forefront of the stock market
1. IPO opportunities
Next week, 2 new shares will be listed for the first time, and 7 new shares will be purchased online.
Among them, China Cell (stock code: 688520.SH), WinWin Laser (stock code: 688518.SH) will be listed on the Science and Technology Board on June 22; on the same day, Jiean Hi-Tech (stock code: 300845.SZ), Tianzhihang (stock code: 688277.SH) will make purchases; CSSC Hanguang (stock code: 300847.SZ) and Dwell (stock code: 688377.SH) will make purchases on June 23; Kuatei Intelligence (Stock code: 300840.SZ), National Shield Quantum (stock code: 688027.SH), Zhongke Xingtu (stock code: 688568.SH) will be subscribed on June 24.
Shenzhou Cell is an innovative biopharmaceutical R&D and industrial development company, focusing on the development and industrialization of biopharmaceutical products in multiple therapeutic and preventive fields such as malignant tumors, autoimmune diseases, infectious diseases and genetic diseases.
Lianying Laser is a supplier of precision laser welding equipment and automation solutions, engaged in the research, development, production and sales of precision laser welding machines and laser welding automation equipment. The company's products are widely used in manufacturing fields such as power batteries, automobile manufacturing, hardware and home appliances, and the customer group covers companies such as Ningde Times and BYD.
Jiean Hi-Tech is a service provider focusing on research and development and providing virtual simulation training solutions. The business covers rail transportation, welding, aerospace, national defense armament, water conservancy and hydropower, oilfield mines, port hoisting and other fields.
Tianzhihang is an orthopedic surgical robot enterprise, dedicated to the research, development, production, sales and service of orthopedic surgical robots.
CSSC Hanguang is an enterprise engaged in the production of toner and OPC drums, and is one of the major manufacturers of printing and copying electrostatic imaging consumables in China. At present, the company's toner products have reached more than 100 in 9 major series, and OPC drum products have reached more than 200 in 15 major series.
Dwell is a world-renowned professional supplier of special parts for R&D, production and sales of oil and gas equipment. At present, special parts for wellhead devices and Christmas trees, special parts for deep-sea equipment, special parts for fracturing equipment and special parts for drilling and production equipment have been formed. The main four product series.
CoolTech is mainly engaged in the production and sales of personalized customized clothing, including a full range of men's and women's formal wear, and provides the overall transformation program and technical consulting services of digital customized factories to domestic related traditional manufacturing companies.
Guodun Quantum is an enterprise engaged in the industrialization of quantum communication technology. The company is mainly engaged in the research and development, production, sales and technical services of quantum communication products.
Zhongke Xingtu is an enterprise engaged in the research and development and industrialization of digital earth products. It has formed digital earth-related products and core technologies with independent intellectual property rights, covering the sky, sky, big data acquisition, processing, carrying, visualization, and application industries. Link.
Second, institutions look at the future
China Everbright Securities: Reform of Index Compilation Method Releases Positive Signals
In terms of news, the Shanghai Stock Exchange issued an announcement that it will revise the compilation method of the Shanghai Composite Index: (1) Newly-listed securities ranked in the top 10 in the Shanghai Stock Market by average daily market value will be included in the index three months after listing, and other new Listed securities are included in the index after one year of listing. (2) Depository receipts issued by red chip companies listed on the Shanghai Stock Exchange and securities listed on the Science and Technology Board will be included in the SSE Composite Index based on the revised compilation plan.
This revision is expected to change the past long-term downturn of the Shanghai Composite Index due to the poor performance of the old weighted stocks. After the Science and Technology Board is included in the statistics of the Shanghai Stock Index, the distribution of the index's weighted industries will change, and the proportion of periodic industries will decline. , The proportion of the science and technology industry has increased. Since the SSE Composite Index is an important indicator of sentiment in the market, the future increase in the activity of the SSE Composite Index will help increase market activity. This revision of the compilation method is a relatively positive reform for the market.
For A-shares, the short-term risks are mainly due to large gains. The market is no longer significantly underestimated as in the previous period, but the medium-term economic recovery trend is relatively certain. The logic of "strong data and loose policy" has not changed, and there is no need for short-term disturbances. Excessive worry. Structurally, the worst of the upstream fundamentals in the cycle has passed, and pessimistic expectations are gradually being repaired, and attention can be appropriately increased compared to the previous period; in the medium term, the consumer sector that continues to benefit from the economic recovery and the technology sector that "compensates for shortcomings" continue to be bullish.
Bohai Securities: The new crown epidemic reappears again and again, care for enterprises to maintain employment
As far as the domestic environment is concerned, the improvement in demand and supply has slowed down, and the rapid economic recovery has come to an end. Considering the impact of the bleak economic expectations on manufacturing investment and the impact of poor income expectations on household consumption, endogenous demand The outlook is not optimistic. The “steady progress” regulation policy means that the demand supplement under the guidance of fiscal stimulus will still be more cautious in strength; as the asynchronous gap between demand and supply improves, the former The drag will also gradually increase, which will not only inhibit the pace of economic improvement, but will also suppress inflation.
In terms of high-frequency data, real estate transactions rebounded slightly, and wholesale prices of agricultural products bottomed out. In the midstream, steel prices have slowed down and cement prices have continued to fall. On the upstream side, the price of coal stopped rising and fell slightly; the prices of copper and aluminum in industrial metals continued to rise, while the prices of lead and zinc continued to fall; the prices of precious metals fluctuated at high levels and the prices of crude oil fluctuated lower.
Everbright Agriculture: Short-term import of meat or suspension to boost pig prices
On June 18, according to the data from Boya News, the average price of ternary pigs outside the country was 33.87 yuan/kg (week-on-week increase of 2.12/kg), and the price of piglets was 95.82 yuan/kg (up 1.42 yuan/kg); Baitiao 45.35 yuan /Kg (up 2.91 yuan/kg month-on-month). As pig prices continued to rise, secondary fattening appeared again in some areas. Farmers are reluctant to sell, and market supply is further reduced. Short-term Beijing epidemic shipments have led to a suspension of imported meat and other factors that have a greater impact on market sentiment. Most of the listed companies' sales data in May were still not ideal, and the pressure on the sales task in the second half of the year was greater. According to the data released by the Ministry of Agriculture, the number of breeding sows and live pigs kept picking up in May.
We judge that in the third quarter, the price of pigs has risen steadily, supply and demand are both strong and relatively strong. However, in the fourth quarter, the price of pigs may re-enter the decline channel as the supply increases further. We predict that the average price of live pigs in 2020 will be 25-28 yuan/kg, corresponding to a profit of 1300-1700 yuan per pig. Sector investment logic shifted from price-driven to performance-driven. The rebound of pig prices in the third quarter will bring certain investment opportunities in the sector. (Sino-Singapore Jingwei APP)
(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)
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