Main recommendations
In July, CPI rose by 2. 1%, and PPI rose by 4.6% year-on-year. During the year, CPI inflation pressure was controllable, and PPI inflection point has emerged.
The Catalogue of Smart, Healthy and Aged Care Products and Services was released.
Market review
Market comments: It is expected that the market will remain volatile and rebound, grasp the rhythm, and focus on short-term fast-forward and fast-out.
Macro perspective: CSRC will take five measures to deepen reform and opening up and promote the stable and healthy development of the market.
Electronics industry: the penetration of soft-package power batteries is accelerated, and high-quality enterprises in the industrial chain are concerned.
Futures information
Metal energy: gold 269.60, up 0.11%; Copper 49960, up 0.75%; Rebar 4 157, down 0.38%; Rubber 1 1755, up by 0.86%; The PVC index was 7360, down 0.14%; Zheng Chun 3245, down 0.79%; Shanghai Aluminum 14820, up by 2.35%; Shanghai Nickel 1 14320, up by 0.69%; Iron ore 5 13.0, up 0.79%; Coke 2456.0, up 0.74%; Coking coal 1254.5, up 0.40%; Crude oil was 5 19. 1, down 2.17%;
Agricultural products: soybean oil 5874, up 0.72%; Corn 1874, down 0.27%; Palm oil 4928, up 0.57%; Cotton 17355, up 0.12%; Zheng Mai 2650, up 0.45%; White sugar 5068, down 0.08%; Apple 1 1 148, down 0.85%;
Exchange rate: Euro/USD 1. 16, down 0.06%; USD/RMB 6.83, down 0.11%; USD/HK$ 7.85, up 0.0 1%.
Main recommendations
In June 5438+0 and July, CPI increased by 2. 1% and PPI increased by 4.6%. During the year, CPI inflation pressure was controllable, and PPI inflection point appeared.
Event: According to the data released by the National Bureau of Statistics recently, the national consumer price (CPI) rose by 2. 1% from 2065438 to July 2008. Among them, cities rose by 2. 1%, and rural areas rose by 2.0%; Food prices rose by 0.5%, and non-food prices rose by 2.4%; Consumer goods prices rose by 1.8%, and service prices rose by 2.5%. The national producer price (PPI) rose by 4.6% year-on-year and 0. 1% quarter-on-quarter. The purchase price of industrial producers increased by 5.2% year-on-year and 0. 1% quarter-on-quarter.
Comments: In July, CPI rebounded significantly due to the rising prices of pork and fresh vegetables and the rising tourism prices brought by the summer vacation. The impact of pork prices on CPI may be relatively limited during the year. In addition, abnormal weather factors may bring certain upward risks to food prices, and the price of fresh fruit will increase in the second half of the harvest season, but overall, the inflation situation is still moderate and controllable, and it will not form obvious constraints on monetary policy in the short term; In July, the growth rate of PPI slowed down and the means of subsistence rebounded. It is estimated that PPI inflection point has appeared during the year. The growth rate of infrastructure investment is expected to pick up significantly in the second half of the year. In the future, we need to focus on the pull of demand-side policies on PPI.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
2. Publish the promotion catalogue of smart health care products and services.
Event: On August 8, the Ministry of Industry and Information Technology, the Ministry of Civil Affairs and National Health Commission announced the Promotion Catalogue of Smart and Healthy Pension Products and Services (Version 20 18), covering five categories: wearable health management devices, portable health monitoring devices, self-service health testing devices, intelligent pension monitoring devices and home service robots; Services cover six types of projects, including chronic disease management, home-based care for the aged, personalized health management, Internet health consultation, life care and informatization of old-age care institutions.
Comments: The products involved in this catalogue have greatly promoted the digitalization of healthy old-age care, and provided a foundation for establishing personal health records and remote diagnosis and treatment. For enterprises selected in the Catalogue, they will enjoy a number of "concessions" in the future, including: government funds and social funds at all levels related to smart, healthy and old-age care will give priority to supporting products, services and related enterprises entering the Catalogue; Local civil affairs, health and family planning and other user departments give priority to supporting the products and services in the catalogue in the procurement and selection of smart and healthy pension-related projects. You can pay attention to the relevant listed companies whose products or services are shortlisted.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Market review
1, market comments: It is expected that the market will remain volatile and rebound, grasp the rhythm, and focus on short-term fast-forward and fast-out.
The market rebounded sharply on Thursday, and the Growth Enterprise Market led the gains again. On the disk, the two cities opened lower in early trading and then oscillated higher, and the industry sector generally rose. Growth enterprise market index rose more than 4%, with software, communications, chips, security and aerospace sectors among the top gainers. At the close, the Shanghai Composite Index rose 1.83% to 2,794.38 points; The Shenzhen Component Index rose 2.98% to 8752.20 points; Growth enterprise market index rose 3.44% to 1497.438+0. Recently, the policy has been continuously increased, the pension target fund has been approved, and the opening of the capital market has increased, which is equivalent to broadening the channels for trillions of long-term funds to enter the market. Although there is no immediate policy for the A-share market in the short term, it still has a great boost to the confidence of the short-term market bottoming out. It is expected that the market will remain volatile and rebound. Operation strategy: After the bottom of the market is established, it will inevitably appear repeatedly. However, under the circumstances of policy force and accelerated reform, the market is still expected to form a bottoming trend in the third quarter. Increase holdings of consumer leaders with high certainty and high-quality growth stocks with valuation falling back to a reasonable level on dips. The stock market is risky, so you need to be cautious in investing.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
2. Macro perspective: CSRC will take five measures to deepen reform and opening up and promote the stable and healthy development of the market.
At its recent meeting, the CSRC studied and deployed five major tasks that need to be promoted and implemented: First, continue to deepen the reform of the issuance system and actively promote mergers and acquisitions of listed companies. The second is to intensify the reform of relevant basic systems. The third is to further expand opening up. The fourth is to comprehensively improve the service capabilities of investment banks. The fifth is to strengthen comprehensive and strict supervision according to law. Insiders said that in the recent weak market, the CSRC insisted on promoting the stable and healthy development of the capital market through deepening reform and opening up, and sent a clear signal to the market. On the one hand, reform measures such as normal issuance of new shares, strict delisting system and steady expansion of market opening will not be interrupted, stopped or turned; On the other hand, the regulatory authorities will also intensify the reform of the basic system, expand the sources of market funds through multiple channels, promote the improvement of the service capabilities of intermediaries such as brokers, and promote the better play of market functions and the further improvement of market operation efficiency.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
3. Electronics industry: the penetration of soft-package power batteries is accelerating, and attention is paid to high-quality enterprises in the industrial chain.
Soft-package power battery accelerates penetration and pays attention to high-quality enterprises in the industrial chain. Driven by policy encouragement, cost reduction and other factors, new energy vehicles in China have developed rapidly. At the same time, the change of subsidy policy and the progress of technology also make the power battery show a trend of high energy density. Compared with square and cylindrical power batteries, flexible batteries can meet the design requirements of high energy density. It is expected that its penetration rate will continue to increase, which will drive the rapid growth of the flexible battery industry chain in the case of slowing down the application of consumer electronics. It is suggested to pay attention to high-quality enterprises with mature technology in the industrial chain.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
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