Jinri Toutiao
China Securities Regulatory Commission: gradually improve the valuation logic adapted to different types of enterprises and the valuation system with Chinese characteristics
The China Securities Regulatory Commission held a 2023 system working meeting on February 2 to study and deploy key tasks in 2023 to mobilize and deploy the reform of the stock issue registration system in an all-round way. The meeting pointed out that it is necessary to promote the scientific effectiveness of valuation and pricing. We should profoundly grasp the characteristics of China's industrial development, the characteristics of the system and mechanism, and the sustainable development ability of listed companies, and encourage all relevant parties to strengthen their research and application of their achievements. we will gradually improve the valuation and pricing logic adapted to different types of enterprises and the valuation system with Chinese characteristics, and give better play to the resource allocation function of the capital market.
General trend prospect
Foreign-funded institutions say they are optimistic about China's economic prospects and highlight the advantages of RMB assets.
Overnight, U.S. stocks were dragged down by some large health care stocks, with the Dow down 39.02 points, or 0.11%, at 34053.94; the Nasdaq was up 384.50, or 3.25%, at 12200.82; and the S & P 500 was up 60.55, or 1.47%, at 4179.76. Meta (META.US) rose 23.28 per cent, while Tesla, Inc. (TSLA.US) rose 3.78 per cent. The ADR index of Hong Kong stocks fell to close at 21795 on a pro rata basis, down 163.02 points or 0.75 per cent from the close in Hong Kong.
The Nasdaq 100 index is up 20% from its December low, heading for a bull market. The central parity rate of the RMB against the US dollar has risen by more than 3% since January, the third consecutive month of appreciation. By the end of January, the cumulative net purchase of northbound funds reached 131.146 billion yuan, setting a new record for monthly net purchases of the Shanghai and Shenzhen Stock Connect. While "real gold and silver" increase their positions in RMB assets, foreign institutions have also said that they are optimistic about China's economic prospects, and overseas investors generally expect that China's economy will take the lead in recovery in 2023. The advantage of RMB assets in global asset allocation has been further highlighted.
Hot spot prospect
China Securities Regulatory Commission: launch more practical measures in key areas and weak links such as promoting the steady and healthy development of real estate and supporting the platform economy
On February 2, the China Securities Regulatory Commission held a system working meeting in 2023. The meeting stressed that we should enhance the adaptability and tolerance of the policies of stock and debt financing, mergers and acquisitions and restructuring to scientific and technological enterprises. Vigorously promote the regular issuance of public offering REITs. We will introduce more practical measures in key areas and weak links such as serving the private economy, small and medium-sized enterprises, promoting the steady and healthy development of real estate, and supporting the platform economy. We will thoroughly implement a new round of three-year action plan to improve the quality of listed companies, promote the high-quality development of equity funds, and guide more medium-and long-term funds to enter the market.
Ministry of Commerce responded to "restrictions on the export of solar cell production technology": there is a deviation in understanding.
A reporter asked: at the end of December last year, China's Ministry of Commerce solicited public opinions on restricting the export of solar cell production technology. Can you provide more opinions? Is this a broader start to stop the export of technology products? Yang Tao, director of the Comprehensive Department of the Ministry of Commerce, responded: your question about the restrictions on the export of solar cell production technology is somewhat misunderstood. Recently, in accordance with the Foreign Trade Law of the people's Republic of China and the regulations of the people's Republic of China on the Administration of Technology Import and Export, the Ministry of Commerce and the Ministry of Science and Technology revised the catalogue of China's prohibited and restricted Technology and openly solicited opinions. At present, we are combing through the opinions and suggestions collected and will carefully study them together with the relevant departments. In the next step, we will continue to adhere to the concept of openness and cooperation, constantly optimize the business environment for technology trade, and promote global technology trade exchanges and cooperation.
Cathay Pacific Airways (00293) will send round-trip air tickets to Hong Kong in phases from March 1st.
The reporter learned from Cathay Pacific Airways that Cathay Pacific Airways will fully cooperate with the "Flying World Awards" by sending round-trip air tickets to Hong Kong. Cathay Pacific said it would send round-trip tickets to Hong Kong in phases from March 1. The first phase will be launched in Southeast Asia in March, followed by mainland China in April, and Northeast Asia and the medium-and long-term region in or after May. Prior to this, the Chief Executive of the Hong Kong Special Administrative region, Li Jiachao, said today at "Hello, Hong Kong!" At the launching ceremony, it was announced that 500000 free air tickets would be distributed to visitors from all over the world to welcome visitors to Hong Kong.
Buffett sold another 1.55 million shares of BYD worth $44.85 million
Berkshire Hathaway, an investment company owned by Warren Buffett, sold 1.55 million Hong Kong-listed shares of electric car maker BYD for HK $351.81 million, according to a filing with the Hong Kong stock exchange today. As of January 27, Berkshire Hathaway's stake in BYD's outstanding H-shares fell from 13.04% to 12.9%, according to the document.
Schroeder reduced his holdings of Weichai Power H shares by about HK $1.4 billion in the past ten months.
Schroeder Group Co., Ltd. reduced its stake in Weichai Power H shares several times between March 29, 2022 and January 31, 2023, from 12.20% to 4.90%, according to the Hong Kong Stock Exchange. the number of shares decreased from about 237 million shares to 95.14 million shares, with a cumulative reduction of about 142 million shares. Based on the average share price of 10.152 Hong Kong dollars during this period, the capital involved is about 1.441 billion Hong Kong dollars.
NetEase, Inc-S (09999) Blizzard game began to refund, the queue has exceeded 1 million
NetEase, Inc released the instructions on Blizzard Game products' refund due to maturity. According to Southern Metropolis Daily, as of 17:35 on the same day, the number of people in the refund channel of Blizzard Game Service Center had exceeded 720000.
Shunfeng Tongcheng (09699) announces the progress of full circulation of H shares
Shun Fung City: it is expected that the conversion of 78947684 domestic unlisted shares into H shares will be completed on February 6, while the conversion of H shares will begin to be listed on the Stock Exchange on February 7.
Outbound and group tours will leave as early as February 6, and there will be an increase in the number of outbound products starting in March.
On February 6, travel agencies resumed pilot outbound group tours, and travel agencies and online travel enterprises can carry out outbound group tours and "air tickets + hotels" business. After the Spring Festival holiday, many tourists have begun to look forward to outbound and group tours after February 6. Many travel agencies have announced the first time of outbound and group tours. Thailand, Indonesia, Cambodia, the Philippines, Malaysia, Singapore and other countries are in the first batch of lists. Zhang Yan, director of overseas group products with Trip.com, said that limited flight resources and uncertain group ticket policies have led to fewer choices of overseas tour products departing at home, and it still takes a process to recover the outbound and group tour market. It is expected that starting from March, both the number of outbound products and the number of applicants will increase gratifying. Good aviation + tourism + hotel plate.
Individual stocks are sunny.
Hisense Home Appliances (00921): Hisense TV ranked first in the world in December 2022.
Recently, Overevo released the "Global TV Brand Shipping monthly data report" in 2022, which showed that in December 2022, Hisense shipped 2.326 million televisions, surpassing Samsung to become the first in the world. Chinese color TV brands ranked first in the world for the first time.
Data show that in 2022, Hisense shipped 24.419 million televisions in the global market, accounting for 12.06%, ranking second only to Samsung. Overseas shipments of Hisense TV increased by 12.2% in 2022 compared with the same period last year, while shipments from Europe, Japan and emerging markets all increased significantly.
At this point, Hisense once again confirmed the declaration of "China first, world second" in the Qatar World Cup. From the obscurity of statistics to the top two of global shipments, made in China, which Hisense represents, is showing confidence and vitality on the world stage.
According to a research report released by Tianfeng Securities, looking forward to 2023, we believe that the real estate and epidemic prevention policies that have plagued the domestic demand of the home appliance industry in the past 22 years have been optimized, and consumers' spending power & consumption willingness and consumption scene may be improved. At the same time, in overseas markets, the destocking cycle in Europe and the United States may come to an end, and with the decline in inflationary pressure, the overseas business of home appliance companies is also expected to usher in an inflection point.
According to a research report released by Cheung Kong Securities, it is expected that the overall situation of the 2022Q4 home appliance industry may not be as good as that during the October-November period, which may become the weakest quarter of the year, while the quarterly improvement in 2023 is more certain. With the deepening of destocking and the promotion of a low base, the performance of external demand will most likely be better than in 2022. Therefore, on the whole, the home appliances of 22Q4 are in the dark stage before dawn, the main pressure increases, the profit improvement trend continues, and the bottom of the operation is basically confirmed that 2023 will officially enter the upward cycle.
Edit / irisz