Qifu Early Review (Friday, December 30, 2022)
is a golden opportunity!
Market Analysis
is approaching the end of the year, transactions are sluggish, and short-term fluctuations are gaining momentum.
consumption core, low valuation, value first.
html The 33-year epidemic has finally become normal, and the economy is restarting, a golden opportunity.
Short-term fluctuations, golden opportunities are brewing.
market vane
pharmaceutical sector - focuses on innovative drugs , innovative devices, medical services and CXO.
The market will return to the long-term direction of innovation and service. Companies that have room for repair in the short term are mainly the CXO sector. WuXi Biologics, WuXi AppTec , Tigermed , and Pharmaron are all companies you can pay attention to.
Military industry - Many major military countries have disclosed their defense expenditures in 2023:
Among them, the United States passed a military budget of US$857.9 billion, a year-on-year increase 1 4%; Japan passed a military budget of US$51 billion, a year-on-year increase of 26.3%; France passed a military budget of US$42.8 billion, with increasing by 7.4% year-on-year. On the whole, all major military countries have increased their military budgets in 2023, and the growth rate is not low, indicating that no matter what the economic situation is in 2023, military expenditures can maintain a certain high growth.
China's military budget in 2022 will reach 1.45045 billion yuan, a year-on-year increase of 7.1%. Looking forward to my country's military expenditure in 2023, under the current international situation, it is expected that my country's military expenditure in 2023 will also achieve further growth..
Judging from the military industry segmentation, there are currently two subdivisions in the military industry that are relatively prosperous:
One is the aviation engine industry chain, which has fully benefited from the "14th Five-Year Plan" national defense and military industry boom cycle. The aerospace engine industry chain has entered the comprehensive installation + replacement stage, and it is expected that terminal demand will achieve a compound growth of 25%-30% during the 14th Five-Year Plan period; the other is information-based missiles, which have improved operational efficiency compared with ordinary ammunition. 100-1000 times, and the cost-effectiveness ratio is increased by 30-40 times. It has become the main body of modern warfare and is an inevitable trend in the development of future ammunition.
The real estate sector - has seen a wave of obvious adjustments in the short term. For example, Poly, the leading real estate company among state-owned enterprises, has fallen by about 15% from its high point. The main reason is that there has been no recent policy catalyst, coupled with the impact of the epidemic, real estate sales data are also very sluggish.
The long-term logic of this sector is the improvement in profitability and concentration brought about by the improvement of the competitive landscape. In the medium and long term, it is still expected to continue to rise.
theme investment
1, VV116: The New England Journal of Medicine published an article that compared with PAXLOVID, VV116 has a shorter clinical recovery time in treating patients with mild/moderate COVID-19 and has fewer safety concerns.
(Junshi Biological, Shanhe Pharmaceutical, Jianyan Research Institute)
2, antibiotics : After patients are infected with new crown , their immunity decreases and it is easy to cause bacterial infection and pneumonia.
( Lukang Pharmaceutical , Kelun Pharmaceutical , Mengke Pharmaceutical, Sichuan Biotech, Xintiandi)
3, perioperative surgery: The epidemic and control policies have suppressed medical demand, and the number of hospitalizations and surgeries has been on the rise after liberalization. The "perioperative track" is superimposed on the dual logic of "increasing serious illness + demand recovery", and the launch of new products is welcoming "a rise in both volume and price".
(Weixinkang, Hisco, Enhua Pharmaceutical, Hengrui Pharmaceuticals , Renfu Pharmaceuticals )
4. Real estate: After-market news on the 29th, Zhangzhou, Fujian Province supports "selling old and buying new" to improve housing. I and my spouse will receive a subsidy of 5,000 yuan for purchasing new commercial housing, and a subsidy of 10,000 yuan for children purchasing new houses.
(China Wuyi , Sunshine City , Guancheng Chase , CCCC Real Estate , Binjiang Group )
5. Second-hand cars: The Ministry of Commerce stated that automobiles, home appliances, home furnishings, and catering account for about a quarter of the total retail sales and are the mainstay of consumption. They support the purchase and use of new energy vehicles and accelerate the activation of the second-hand car market.
( SINOMACH , Haowu Shares, Guanghui Automobile , Xiamen Xinda , Changan Automobile )
Investment Advisor: Lu Peng
Practice certificate number: A1130620080001
Risk warning
The content of this public account is for reference only. Under any circumstances, the information and opinions in the article do not constitute investment advice to anyone. Readers should judge whether to use the content and information contained in the article based on their own investment objectives and financial situation and bear their own risks. The company and its employees do not assume any legal or financial responsibility for any consequences arising from the readers' use of the article and its content.
"The stock market is risky, so be cautious when investing"!
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