Key recommendations
Ministry of Foreign Affairs: China strives to facilitate the commercial procurement of medical supplies by various countries in China
The Ministry of Agriculture and Rural Affairs has dispatched a working group to supervise the prevention and control of major pests and diseases
Market Comments
Market Comments: Overseas markets rose strongly, and A-shares continued to rebound
Express delivery industry: The National Standing Committee pointed out that there is an obvious shortcoming in my country’s international air cargo capacity Board
Futures Information
Metal energy: gold 364.4, up 1.87; copper 39360, up 3.17; rebar 3365, up 1.54; rubber 9915, up 1.48; PVC index 5690, up 0.09; Zheng Chun 1697, down 2.19; Shanghai Aluminum 11700, up 2.59; Shanghai Nickel 91890, down 0.52; Iron Ore 665, up 5.06; Coke 1801, up 1.27; Coking Coal 1260.5, up 0.48; Crude Oil 264.4, up 2.28;
Agricultural products: soybean oil 5670, up 1.98; corn 2026, up 0.75; palm oil 4912, up 4.47; cotton 10695, up 4.04; Zhengmai 2628, down 1.31; sugar 5480, down 0.47; apple 6771, down 0.85 ;
Exchange rate: EUR/USD 1.0882, up 0.87; USD/RMB 7.1270, up 0.59; USD/HKD 7.7522, down 0.01.
(The above futures data come from Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange)
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Key recommendations
1. Ministry of Foreign Affairs: China strives to facilitate the commercial procurement of medical supplies by various countries in China
Foreign Ministry spokesperson Geng Shuang said on the 25th, Since the outbreak of the COVID-19 epidemic, China has always maintained that the international community should jointly safeguard an open world economy and maintain the stability of global supply and industrial chains. Currently, while China is meeting domestic demand, it is also working hard to facilitate the commercial procurement of medical supplies by various countries in China. China has not taken any foreign trade restrictions and has always supported and encouraged enterprises to expand exports in an orderly manner. He expressed his belief that the resumption of production and work by Chinese enterprises and the recovery of economic and social development will continue to provide strong support for the international community's cooperation in responding to the epidemic.
Comment: As the global COVID-19 epidemic continues to become severe, the demand for anti-epidemic and anti-epidemic medical supplies such as masks, protective clothing, ventilators, and medicines has greatly increased. China provides convenience for countries to commercially purchase medical supplies in China. It is a boon to companies that produce and export such substances. The relevant stocks have accumulated considerable gains in the past two months of speculation. If the relevant stocks rise further in the short term, it is not recommended to pursue the rise.
(Investment consultant? Cai Jin? Registered investment consultant certificate number: S0260611090020)
2. The Ministry of Agriculture and Rural Affairs dispatched a working group to supervise the prevention and control of major pests and diseases
3 On March 25, the Ministry of Agriculture and Rural Affairs sent a working group to five provinces (cities) including Henan, Chongqing, Sichuan, Guizhou, and Shaanxi to conduct supervision and surveys, focusing on investigating and understanding the occurrence of wheat stripe rust and Spodoptera Frugiperda, and supervising and guiding local implementation of monitoring Prevention and control measures, and research on countermeasures and suggestions for major existing problems. At present, it is a critical period for the prevention and control of major diseases and insect pests such as wheat stripe rust. The Ministry of Agriculture and Rural Affairs requires all localities to consolidate their prevention and control responsibilities, intensify work, strengthen measures, and go all out to ensure a bumper harvest.
Comment: In the context of the current global epidemic, food security is particularly important. Agricultural stocks have been active in recent trading days. The Ministry of Agriculture and Rural Affairs has strengthened the prevention and control of major pests and diseases, which is expected to stimulate the activity of grain stocks, seed stocks and pesticide stocks.
(Investment consultant? Cai Jin? Registered investment consultant certificate number: S0260611090020)
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Market comments
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1. Market comments: Overseas markets rose strongly, and A-shares continued to recover and rebounded higher
On Wednesday, the market was affected by the violent rebound in European and American stock markets. The three major indexes collectively opened sharply higher. However, due to the enthusiasm of funds to pursue higher prices, Generally low, the market as a whole was in a weak and volatile state in early trading, and the gains in stock indexes shrank. Fortunately, real estate stocks suddenly surged in the afternoon, and conceptual sectors such as mask protection and seed industry also saw strong gains in late trading, driving stock indexes to rise again. As of the close, stock indexes rose sharply across the board, with the Shanghai Composite Index up 2.17, the Shenzhen Component Index up 3.22, the Shanghai Composite 50 up 2.30, the CSI 300 up 2.69, the Small and Medium Enterprises Index up 3.63, and the ChiNext Index up 3.25. The trading volume in the two cities continued to increase slightly, with a total turnover of 751.3 billion. Stocks generally rose, while stocks fell by less than 10%, and 118 stocks reached the daily limit.
Judging from the market, all sectors in the market closed up. Among the industries, the automotive, medical care, real estate, components, insurance and other sectors were the top gainers. There are many policies to boost automobile consumption. The automotive sector, supported by positive industry news, strengthened throughout the day, with many stocks in the sector hitting their daily limit. In terms of themes, sectors such as aquatic products, seed industry, wireless earphones and Apple concepts led the gains. Many oversold theme sectors rebounded sharply. The two ministries and commissions jointly issued the "About Taking Multiple Measures to Promote the Expansion of Production and Guarantee Supply of Poultry and Aquatic Products" "Notice" had a positive impact, and the aquatic products sector soared 7.83.
Taken together, various recent measures to vigorously stimulate the economy around the world have achieved initial results, investor confidence has been restored to a certain extent, and foreign stock markets have passed the stage of panic selling, although the market outlook may still be There have been some recurrences, but the probability of gradually stabilizing is greater. At the same time, it is not ruled out that there will be a restorative market that continues to rebound rapidly. In general, the trading volume of the two trading days of A-share rebound shows that capital sentiment is still relatively cautious. However, the external market situation has improved, and China has emerged from the quagmire of the new coronavirus early. Medium and long-term investors in A-shares are at the current low level. We should remain optimistic. In terms of operation, holdings are the main focus, and intraday adjustments can buy low-priced consumption white horse stocks and high-quality growth stocks in the new infrastructure category.
(Investment consultant Zeng Zilei, registered investment consultant certificate number: S0260613090015)
2. Express delivery industry: The National Standing Committee pointed out that there are obvious shortcomings in my country's international air cargo capacity.
On March 24, the State Council Standing Committee meeting pointed out that my country’s international air cargo capacity has obvious shortcomings.
First, we must strengthen international cooperation, smooth international express and other air freight, and provide policy support for international freight routes during the epidemic. Encourage the increase of cargo aircraft and develop all-cargo aircraft transportation. We will support the development of air cargo of all types of ownership without discrimination, encourage the joint reorganization of air cargo companies and logistics companies, and support express delivery companies in developing air and overseas networks. Second, we must improve the air cargo hub network. For airports with strong cargo functions, time restrictions on cargo flights during peak hours will be relaxed. Third, we must improve air cargo standards and establish an information platform for interoperability and sharing. Upgrade existing airport facilities and improve cold chain, express sorting and other facilities. Promote the construction of airports focusing on cargo.
Investment advisory comments: The COVID-19 epidemic has led to a shortage of air cargo transportation capacity, which shows the importance of air logistics. The National Standing Committee clearly pointed out the direction of my country's development of air cargo, encouraged the development of all-cargo aircraft transportation, and at the same time supported express delivery companies to develop air and overseas networks, establish an interoperable and shared information platform, and promote the construction of cargo-focused airports. It is recommended that investors pay attention to the medium and long-term investment opportunities of related express delivery companies.
(Investment consultant Zeng Zilei registered investment consultant certificate number: S0260613090015)