According to a research report released by Citic Construction Investment, steady growth remains the main investment logic in the industry, focusing on the benefits of traditional and new infrastructure, Zhitong Financial APP has learned. This week's government work announcement pointed out that this year, we should persist in stabilizing the word and striving for progress in the midst of stability, put stable growth in a more prominent position, step up the implementation of macro policies, enhance the effectiveness of proactive fiscal policies, and make good use of government investment funds. to promote the expansion of effective investment, it is planned to allocate 3.65 trillion yuan of local special bonds this year. The bank believes that infrastructure and real estate are expected to improve in 2022, and the prosperity of the building materials sector continues to rise.The first to benefit from the improvement of infrastructure and real estate industry chain.$Oriental Rainbow (002271.SZ) $、$Subbott (603916.SH) $Pay attention to the ones with more adjustments$three trees (603737.SH) $、$Anhui Conch Cement (00914.HK) $New infrastructure benefit materials section, pay attention to$Sinopec (002080.SZ) $、$Qibin Group (601636.SH) $。
Investment opportunities:
Focus on concrete superplasticizer and waterproofing investment opportunities. Leading companies will benefit from the revenue increment brought by the increased concentration of the industry and channel advantages, and recommend Oriental Yuhong and Subote.
Cement plate is expected to have wave theme opportunities in the first quarter. On the demand side, the high platform is expected to remain in 2022, but the increment is limited and new real estate construction will be a drag on demand. On the supply side, off-peak production has become the norm. At present, the average national cement price is 70 yuan per ton higher than last year, and we expect that in the context of increased demand for infrastructure and proper contraction of supply, cement prices in the first quarter will remain dominant compared with the same period last year.
New infrastructure and municipal projects contribute new momentum. The new infrastructure and dual-carbon policy will bring an increase in demand for building materials-related products, mainly reflected in photovoltaic glass and wind yarn. At the same time, the demand for the renovation of old residential areas and municipal construction such as indemnificatory apartment has increased significantly, and the demand for subdivided fields such as plastic pipe, waterproofing and concrete pipe has increased, and the head enterprises with strong channel advantages have benefited most.
This article comes from CSC FINANCIAL CO.,LTD Research Wechat official account, author: Yang Guang, Zhitong Financial Editor: Yang Wanlin