DZ20220519

 

*Key points

Policy

*Premier Li Keqiang chaired meeting with Yunnan local officials on stabilizing markets and jobs which suggested enhancing macro policy adjustment, implement policies faster and new measures should be adopted esp in May to ensure economy operates within reasonable range.

*SASAC pointed out to deepen reform of state-owned listed companies with three-year action plan promoted as model example of capital market stable development.

 

Industrial Economy

*Premier Li Keqiang reiterates support for platform and digital economy with company listing in both domestic and overseas market supported. Housing demand and healthy development of property market to be backed with land and house price stabilized.

*Shanghai plans to adjust down supervision fund of land auction from 110% to 90% of the starting price, to take effect from the second batch of centralized land supply in 2022.

*Gaming approval currently in stable status with more positive signs to be revealed and further development of gaming industry to be driven by supervisory factors, said by senior officer of Tencent.

 

Covid

*An open research in evaluation of VV116, a domestic produced anti-covid drug was completed which effectively reduce patients recovery by 2-3 days and is related to listed company Junshi Biosci (688180 CH).

 

*Block Trade Info

*Discount

- Supcon Tech (688777 CH) saw 8 block trades worth 75mn at 62.89yuan per share, 17.98 discount from last closing.

- SMIC (688981 CH) saw 2 block trades worth 62mn at 41.03yuan per share, 2.91 discount from last closing.

- Saturday Co (002291 CH) saw 3 block trades worth 51mn at 14.63yuan per share, 0.00 discount from last closing.

- Wanhua Chemical (600309 CH) saw 2 block trades worth 100mn at 79.2 yuan per share, 5.01 discount from last closing.

- Kweichow Moutai (600519 CH) saw 5 block trades worth 128mn at 1761yuan per share, 0.00 discount from last closing.\

- Greenland Holdings (300769 CH) saw 2 block trades worth 179mn at 4.54 yuan per share, 7.46pct discount from last closing.

 

 

 

*Flat

- Saturday Co (002291 CH) saw 3 block trades worth 51mn at 14.63yuan per share, 0.00 discount from last closing.

- Youngor (600177 CH) saw 1 block trades worth 72mn at 7.04 yuan per share, 0.00 discount 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 mostly closed down as June contract of WTI fell by 2.82%, quoted at $109.23/barrel. July contract of Brent shifted lower by 2.33%, closed at $109.32/barrel.

* COMEX gold futures closed lower to $1,815.1 per ounce with 0.21% decline, COMEX silver futures settled at $21.415 per ounce, down by 1.54%. US stocks rose sharply weakened the demand of golds, while a weaker dollar limited the decline in gold prices. The holding positions of iShares Silver Trust dropped 58.85 tons to 17,517.28 tons.

* For the night session of May 19, commodity market mostly closed down for chemical and energy sector leading the downside. Fuel oil slumped by 3.79% and PTA dropped by approximately 2%, natural rubber slipped by 1.45% and closed down as well. Regarding black series, coking coal and iron ore both shrank over 3%, thermal coal fell slightly by 0.55%. In terms of agricultural products, No.2 soybean and palm oil quoted 1.34% and 0.89% lower respectively.

* LME metals mostly closed down with LME copper fell by 1.98% to $9,180.5/ton, LME zinc down by 2.03% to $3,587/ton, LME nickel fell by 1.06% to $26,125/ton, while LME aluminum slipped by 2.27% to $2,825/ton. LME tin shifted 3.68% lower to $32,810/ ton, and LME lead quoted 2.52% lower at $2,048.5 ton.

 

 

 

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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.