DZ20230118

 

Financials

*SASAC: accumulated operation income realized by state-owned enterprises in 2022 of cny 39.4tn, up 8.3% y/y with total net profit of cny 1.9tn realized, up 5% y/y.

*SASAC: new round of plan in deepening reform of state-owned firms is under formulation, aiming to improve core competitiveness of enterprises.

 

Industrial Economy

*Vice premier Liu He emphasized on the Davos Summit that real estate is the pillar industry of China’s national economy and will be strongly supported by giant demand potentials.

*SASAC: China to consolidate stable growth and investment measures focusing on infrastructure construction with "channel computing resource from east to west" projects to be promoted in accelerated pace along with upgrade of information infrastructure.

*MIIT and 5 other departments jointly issued opinions in promoting development of energy electronic industry with high purity silicon materials and large-sized silicon wafer tech to be developed and production of high-efficient low-cost silicon cells supported. Tech breakthrough of new-type energy storage batteries to be enhanced with scale application of advanced energy storage tech and products promoted. Besides, application of energy electronic products in new infrastructure fields, 5G base stations and NEV charging facilities to be improved.

 

Co Focus

*XPeng announced to adjust sale price down by cny 20k to 36k respectively on different vehicle types.

*Tesla, BYD and Hyundai are finalizing deals to invest in Indonesia's electric-vehicle industry in expected total investment of usd 30.9bn by 2026, said a senior minister.

*Huawei plans to issue cny 3bn medium-term note in supplementary of operational funds at rate of 3.45% for 5 years and maturity date of Jan 16th 2028.

 

Jan 17th Block Trade

*Block Trade Info

*Discount

- Jonjee Hi-Tech(600872 CH) saw 1 block trade worth 189mn at 33.10 yuan per share, 10.08 discount from last closing.

- Apptec(603259 CH) saw 8 block trades worth 500mn at 92.08 yuan per share, 3.74 discount from last closing.

- Montage Tech(688008 CH) saw 17 block trades worth 66mn at 58.00 yuan per share, 6.66 discount from last closing.

- Asymchem Laboratories(002821 CH) saw 11 block trades worth 378mn at 157.70 yuan per share, 6.31 discount from last closing.

- Kingsemi(688037 CH) saw 7 block trades worth 64mn at 159.25 yuan per share, 14.62 discount from last closing.

- Cnano Tech(688116 CH) saw 6 block trades worth 73mn at 72.59 yuan per share, 7.52 discount from last closing.

- Ja Solar Tech(002459 CH) saw 2 block trades worth 167mn at 61.32 yuan per share, 5.66 discount from last closing.

 

*Margin Trade

 

*Connection Trade

 

*Index Futures

 

*Index Options

 

*Treasury Futures

 

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

 

Commodities (night session):

* Global crude oil closed up collectively. February NYMEX contract up 1.48% to closed at $81.04/b, March Brent contract up 2.62% to closed at $86.67/b. INE crude oil active contract up 1.86% to closed at 554.3 yuan/b.

* Precious metals closed mixed. COMEX gold contract down 0.55% to closed at $1911.2/oz. SHFE gold active contract up 0.05% to closed at 419.14 yuan/gram.

* Metals closed mixed. LME nickel down 2.36%, LME tin down 0.5%, LME copper up 2.09%. Bonded copper up 2.05%, SHFE copper up 1.95%, SHFE aluminum up 0.70%. SHFE nickel down 0.94%.

* Commodity futures closed up collectively. Energy & chemistry futures saw strong performance, fuel oil up 3.25%, LPG up 1.69%, polyester staple fiber up 1.67%, soda ash up 1.57%, glass up 1.44%, PVC up 1.38%. Black series closed up collectively, steel rebar up 1.46%, coking coal up 1.35%, coke up 1.3%, hot-rolled coil up 1.28%, iron ore up 1.2%. Agricultural products closed up mostly, cotton yarn up 1.08%, No.2 soybeans up 1.07%.

 

 

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.