Morning Brief 2022-08-17

DZ20220817

 

Macro

*Premier Li Keqiang said to further implement a batch of measures in stabilizing economy operation at reasonable range, enhance macro policy, promote reform and opening-up. Measures to stimulate consumption will be issued with policy development financial tools well placed and debt ceiling of special bond to be efficiently used to expand effective investment.

 

Industrial Economy

*Healthcare Committee and 16 other departments jointly issued opinions to further support fertility and to gradually guide local regions to add labor analgesia and ART into payment range of medical insurance funds.

*Jiangsu manufacturing firms saw electricity rationing in turns under high temperature.

*Ministry of Transportation issued action plan and technique guidance to accelerate construction of charging infrastructure along the highways.

 

Co Focus

*Rumors saying Tencent plans to sell all or majority of its holding on Meituan, though it has been denied by someone familiar with this matter.

 

Aug 16th Block Trade

*Block Trade Info

*Discount

- Hongde Special Parts (300181 CH) saw 1 block trade worth 133mn at 11.12 yuan per share, 3.89 discount from last closing.

- Zuojiang Tech (300799 CH) saw 2 block trades worth 30mn at 60 yuan per share, 7.83 discount from last closing.

- Zijin Rural Commercial Bank (601860 CH) saw 13 block trades worth 67mn at 2.78 yuan per share, 9.04 discount from last closing.

- Zijin Mining (601899 CH) saw 66 block trade worth 914mn at 9.99 yuan per share, 0.84 discount from last closing.

-Dongwei Tech (688700 CH) saw 4 block trades worth 61mn at 131.73 yuan per share, 7.25 discount from last closing.

-Sanhua Intelligent Controls (002050 CH) saw 12 block trades worth 276mn at 28.89 yuan per share, 4.87 discount from last closing.

 

*premium

- Palm Eco-Town (002431 CH) saw 6 block trades worth 86mn at 4.02yuan per share, 0.36 premium from last closing.
- Unigroup Guoxin Microelectronics (002049 CH) saw 7 block trades worth 35mn at 188.12 yuan per share, 0.08 premium from last closing.

*Margin Trade

*Connection Trade

*Index Futures

*Treasury Futures

 

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

 

Commodities (night session):

* Global crude oil price closed mixed. September NYMEX crude oil contract down 2.55% to closed at $87.13/b, October Brent contract down 2.46% to closed at $92.76/b. INE crude oil active contract up 0.46% to 657.0 yuan/b.

* Precious metals closed down collectively. COMEX gold active contract down 0.43% to closed at $1790.4/oz, SHFE gold active contract down 0.18% to closed at 389.86 yuan/gram.

* Metals closed up mostly, LME nickel up 2.67%, LME zinc up 2.3%, LME tin and LME copper up 0.32%, LME lead down 1.08%. SHFE zinc up 3.13%, SHFE aluminum up 2.14%, SHFE tin up 1.26%, SHFE lead up 0.7%.

* Commodity futures closed down mostly. Energy & chemistry futures showed a weak performance, MEG down 2.32%, glass down 1.78%, bleached softwood kraft pulp down 1.31%, fuel oil down 1.23%. Black series went up mostly, thermal coal up 0.94%, coking coal up 0.90%. Agricultural products closed down mostly, corn starch down 1.52%, No.1 soybeans down 1.46%, RBD palm olein down 1.34%.
 

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.