DZ20220225

 

*Key points

 

Macro

*The State Council approved the 14th FY plan on development of urban agglomerations along the middle reaches of the Yangtze River which emphasized overall deepen reform and opening-up with development driven by innovation. Multi-centered city network to be optimized and the role of space hub in national unified market to well played.

*Vice premier Han Zheng emphasized to promote construction of “the belt and the road”in priority of risk prevention and control with dynamic supervision and pre-judgment enhanced on key projects. Deepen integration of “the belt and the road”with national key strategic to be strengthened to support dual-cycle.

 

Industrial Economy

*The supreme law revised interpretation on illegal fundraising with new types like network lian, trade in virtual currencies and financial leasing added in as well as special situation in elderly care fields.

*The drug centralized procurement in Yangtze River Delta region is open for bid on Feb 24th on 47 types collected during national procurement.

*CPCAAUTO: China Feb retail sales of passenger vehicles of 1.3mio units in narrow standard, up 11.2% y/y.

 

Co Focus

*Tesla plans to lift annual capacity in Shanghai plant to 2mio units with new plant to be built up at earliest at March.

*Han’s Pem, subsidiary of Han’s Laser introduced in 5 strategic investors and plans on IPO in 4 years, likely to become the second listed company under Han’s name.

 

*Block Trade Info

*Discount

- Gigadevice Semiconductor (603986 CH) saw 13 block trades worth 286mn at 145.66 yuan per share, 4pct discount from last closing.

- Oriental Yuhong (002271 CH) saw 2 block trades worth 48mn at 46.31yuan per share, 0.00pct discount from last closing.

- Foxconn Industrial (601138 CH) saw 2 block trades worth 56mn at 11.2yuan per share, 0.00 discount from last closing.

- BOE Tech (000725 CH) saw 2 block trades worth 8mn at 4.77yuan per share, 0.00pct discount from last closing.

- Chengxin Lithium（002240 CH) saw 2 block trades worth 91mn at 56.23yuan per share, 0.00pct discount from last closing.

- Kweichow Moutai (600519 CH) saw 1 block trade worth 6mn at 1764.11yuan per share, 0.00pct discount from last closing.

- Merchants Bank (600036 CH) saw 1 block trade worth 13mn at 50.02yuan per share, 0.00pct discount from last closing.

Premium

- NBTM New Materials (600114 CH) saw 2 block trades worth 6mn at 10.5 yuan per share, 2.54pct premium from last closing.

 

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

*Night Session Commodities Market (As of 02:30 am)

* Global oil prices closed up with April contract of WTI rose by 0.98%, quoted at $93/barrel, hit $100/barrel within the trading hours, and the May contract of Brent went up by 1.86%, closed at $95.8/barrel. No sanction on Russian crude oil from the US was announced yet.

* COMEX gold futures closed lower to $1,905.4 per ounce with a 0.26% decline, COMEX silver futures settle at $24.245 per ounce with 1.25% decline. As the US stocks surged, gold futures eased back by over $70 though hit the 2-yr’s high at $1,976.5 before market closed.

* For the night session on February 24, commodity market closed mixed with LPG rose the most, added 3.05%. Regarding chemical and energy sector, PTA rose by 1.56%, fuel oil shifted 1.53% higher, while glass and soda ash dropped by 2.91% and 2.68% respectively. Black series all closed down including iron ore shrank by 2.42%, coke dropped over 2% as well. In terms of agricultural products, rapeseed oil inched up significantly by 3.11%, both No.1 soybean and No.2 soybean quoted by 2% higher at market close.

* LME metals closed mixed with LME copper fell by 0.13% to $9,853/ton, LME zinc up by 1.22% to $3,615/ton, while LME nickel went down by 0.5% to $24,275 ton, LME aluminum up by 2.2% to $3,365/ton, LME tin shifted 0.59% higher to $45,200/ ton, while LME lead closed down with 0.09% decline at $2,333.5/ton.

 

Download PDF

 

 

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.