DZ20220620

 

*Key points

Financials

*Stock Exchanges further enhance supervision on CB trading and set new rules including 1) 20% price limit on the 2nd day of listing; 2) entry requirement on new participants of min 2-year trading experience and cny 100k asset. Official trading guidance will be issued after July 1st.

 

Industrial Economy

*Vice premier Han Zheng emphasized to build up green low carbon economy with development of clean energy prioritized to largely improve utilization of coal in high-efficiency.

 

Co Focus

*Zhongtong Bus (000957 CH) disclosed investor activity record and said co has completed R&D of solar E-REV smart driving passenger vehicles with function of solar power generating and auto-driving.

*Muyuan (002714 CH) disclosed investor activity record and predict hog sale in 2022 around 50mio-56mio and hog price to reach 18-20yuan per kg in 2H. Co saw improving cash flow while still not capable for large capital expenditure.

*Orders placed on JD platform during the 618 sales event of cny 379.3bn, beat last year record of cny 343.8bn.

 

June 17th Block Trade

*Block Trade Info

*Discount

- Cnpc Capital (000617 CH) saw 1 block trade worth 49mn at 4.94yuan per share, 1.2 discount from last closing.

- China Pet Foods (002891 CH) saw 2 block trades worth 73mn at 23.62yuan per share, 6.1 discount from last closing.

- Yealink Network (300628 CH) saw 13 block trades worth 269mn at 69.82yuan per share, 6.71discount from last closing.

- Yili Industrial (600887 CH) saw 24 block trades worth 609mn at 38.06yuan per share, 0.6 discount from last closing.

- Rainbow Heavy Industries (002483 CH) saw 20 block trades worth 94mn at 5.45yuan per share, 13.77 discount from last closing.

- Yili Industrial (600887 CH) saw 24 block trades worth 609mn at 38.06 yuan per share, 0.6 discount from last closing.

- Jiangshan Co. (600389 CH) saw 8 block trades worth 58mn at 60.3yuan per share, 9.57 discount from last closing.

- Kweichow Moutai (600519 CH) saw 1 block trade worth 54mn at 1848 yuan per share, 5.28 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 July contract of WTI slumped by 5.53%, quoted at $108.88/barrel. The August contract of Brent shifted lower by 5.32%, closed at $113.44/barrel. For the week ending on June 17, WTI and Brent shrank by 9.77% and 6.91% respectively.

* COMEX gold futures closed lower to $1,841.9 per ounce with 0.43% decline, COMEX silver futures settled at $21.63 per ounce, down by 1.77%.

* For the night session of June 20, commodity market mostly closed down with Chemical and energy sectors remained weak for fuel oil suffered the most, dropped by 2.46%. Bitumen and methanol slipped by 1.52% and 1.41% lower respectively. Natural rubber closed down as well with 0.59% decline. Regarding black series, iron ore slumped over 5%, thermal coal and coking coal both shifted more than 4% lower and closed down. Steel rebar continued to go downward by 2.65%. In terms of agricultural products, palm oil dropped by 2.63%, rapeseed oil quoted over 1% lower and soybean oil shrank by roughly 1%.

* LME metals mostly closed down with LME copper fell by 1.38% to $8,949/ton, LME zinc down by 1.5% to $3,524/ton, LME nickel inched up by 1.33% to $25,595/ton, LME aluminum down by 0.06% to $2,503/ton. LME tin shifted 2.66% lower to $31,150/ ton, and LME lead quoted 2.43% lower at $2,050 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.