DZ20230208

 

Data

*China end-Jan foreign exchange reserve at usd 3.184tn, vs est usd 3.152tn and previous usd 3.128tn. China end-Jan gold reserves at 65.12mio fine troy ounces, rises for the third month.

*China end-2022 equities held by overseas entities at cny 3.2tn.

*CPCAAUTO: nationwide vehicle retail sales in Jan of 1.24mio units, down 41% y/y and down 43% m/m according to preliminary statistics with wholesale around 1.34mio units, down 38% y/y and down 40% m/m.

 

Industrial Economy

*Guangdong local government issued carbon peak implementation plan which aims to form up economic system of green low carbon cyclical development during the 14th FY plan period with consumption proportion of non-fossil energy to reach over 32% by 2025. Two tens of billions kW level offshore wind power base stations to be built up and installed capacity of wind and PV power to reach 74mio kW by 2030. Projects of new energy and energy storage to be steadily promoted with new-type installed capacity of energy storage to reach over 2mio kW by 2025. The proportion of new transportation tools using new energy shall reach 40% by 2030.

 

Co Focus

*Jiayuan Tech (688388 CH) said during institutional investigation that company expects to see total capacity double in 2023 on basis of 2022 level to over 100k ton.

*Douyin has launched internal testing of food delivery service in 3 cities with no detailed schedule set yet on nationwide promotion, said by someone in charge of this matter from Douyin.

*CATL said on investor interactive platform that Kirin battery to realize massive production in 1Q2023.

 

*Feb 7th Block Trade

*Block Trade Info

*Discount

- Offcn Education(002607 CH）saw 1 block trade worth 208mn at 5.31 yuan per share, 9.08 discount from last closing.

- Genimous Tech Co. (000676 CH) saw 5 block trades worth 12mn at 5.37 yuan per share, 12.4 discount from last closing.

- Zhaowei Machinery & Electronics Co. (003021 CH) saw 12 block trades worth 67mn at 60 yuan per share, 14.72 discount from last closing.

- Zhangyuan Tungsten Co.(002378 CH) saw 10 block trades worth 70mn at 7.82 yuan per share, 12.92 discount from last closing.

- Espressif Systems (688018 CH) saw 4 block trades worth 42mn at 105.33 yuan per share, 3.76 discount from last closing.

- Amlogic (Shanghai) Co. (688099 CH) saw 7 block trades worth 94mn at 72.78 yuan per share, 7.00 discount from last closing.

- Hichain Logistics Co. (300873 CH) saw 2 block trades worth 43mn at 29.44 yuan per share, 2.03 discount from last closing.

 

*Premium

- Salt Lake (000792 CH）saw 2 block trades worth 100mn at 25.15 yuan per share, 0.2 premium 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 price closed up collectively. March NYMEX crude oil contract up 4.7% to closed at $77.59/b, April Brent contract up 3.86% to closed at $84.12/b. INE crude oil active contract up 3.18% to 539.1 yuan/b.

* Precious metals closed mixed. COMEX gold contract up 0.3% to closed at $1885.1/oz. SHFE gold active contract down 0.14% to closed at 412.36 yuan/gram.

* Metals closed up collectively, LME zinc up 2.09%, LME tin up 1.43%, LME nickel up 1.05%, LME lead up 0.55%. SHFE zinc up 0.88%, SHFE tin up 0.76%.

* Commodity futures closed down mostly, energy & chemistry futures saw weak performance, LPG down 2.53%, glass down 1.23%, MEG down 1.16%. Black series went down collectively, coking coal down 0.91%. Agriculture futures closed up mostly, soybean oil up 1.11%, RBD palm olein up 1.01%, cotton down 1.14%.

 

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.