Mini Program: A-share daily market news review
Important news
1. The People's Bank of China conducted a 900 billion yuan MLF operation, with the winning rate maintained at 2%.
People's Bank of China: On November 25, 2024, the People's Bank of China conducted a 900 billion yuan Medium-term Lending Facility (MLF) operation, with a term of one year, the highest bidding rate at 2.30%, the lowest bidding rate at 1.90%, and the winning rate at 2.00%.
2. Gold prices retreat from three-week high: Profit-taking combined with cooling interest rate cut expectations, putting short-term upward momentum under pressure.
Gold prices retreated on Monday from a three-week high touched earlier, as investors took profits and traders adjusted their expectations for an interest rate cut by the Federal Reserve, waiting for further data to assess the interest rate outlook. City Index senior analyst Matt Simpson stated that gold prices are under pressure as 'some traders wish to take profits near the $2718 high.' Last week, gold futures had the best week since the pandemic began. 'Given that the U.S. Thanksgiving leads to a shorter trading week, I doubt whether last week's gains can continue,' Simpson said. According to CME's Fedwatch tool, traders see a 51% chance of the Federal Reserve cutting rates by 25 basis points again in December, down from 62% last week. IG market strategist Yeap Jun Rong commented that the U.S. moderate policy signals and potential inflation surprises may support maintaining interest rates in December, while the outlook for slowing rate cuts may weigh on gold prices.
3. The performance gap of active equity funds reaches 66%: Beijing Stock Exchange themes and chip military industries perform brightly, while consumer cyclical stocks underperform.
According to Wind data statistics, as of November 22, among nearly 4,500 active equity funds included in the statistics, about 1,229 funds exceeded the high point of October 8, accounting for about 27.3%. Moreover, the funds that performed well during this period showed significant industry characteristics, with the Beijing Stock Exchange theme products and funds heavily invested in chips and military industries performing excellently. During the adjustment period, nearly 30% of active equity funds continued to rise, with many funds heavily invested in the Beijing Stock Exchange sector and targeting the chip, semiconductor, and military industries exceeding the previous high of October 8. Meanwhile, consumer and cyclical resource stocks slightly underperformed. After more than a month of market development, the performance gap of active equity funds reached as high as 66%. It is worth mentioning that fund managers remain optimistic about the subsequent market of chips and semiconductors, but they are relatively cautious about the future outlook of the Beijing Stock Exchange. Some fund managers have developed a 'fear of heights' sentiment from a valuation perspective and believe that individual stocks on the Beijing Stock Exchange will also face significant fluctuations when sentiment shifts. Therefore, the North Exchange 50 is more suitable for investors with a higher risk appetite who can withstand significant price fluctuations. (Securities China)
4. UBS: Expects the MSCI China Index to rise by up to 6% in 2025, with the internet still being the most favored sector.
UBS predicts that the MSCI China Index will rise by 5-6% next year and believes that any pullback in the index will be an 'attractive entry point' for investors. For investors, the best approach is a barbell strategy, balancing high-dividend stocks and growth stocks with 'fundamental support'. 'The internet is still our most favored sector, and for other beta options, we are optimistic about education, beer, and the A-share TMT sector.'
5. Shanghai Stock Exchange: Huaxia Shanghai Stock 50 ETF will distribute dividends, with the ex-dividend date on December 2, 2024.
On November 25, 2024, Huaxia Fund Management Co., Ltd. announced (profit distribution announcement for the Shanghai Stock 50 Exchange-Traded Open-End Index Securities Investment Fund), stating that the Shanghai Stock 50 Exchange-Traded Open-End Index Securities Investment Fund (fund code '510050') will distribute dividends, with the ex-dividend date on December 2, 2024. According to (Shanghai Stock Exchange Stock Options Pilot Trading Rules), the Shanghai Stock Exchange will adjust the exercise price, contract unit, contract trading code, and contract abbreviation of the 50 ETF options contracts on December 2, 2024, and standardize the new contracts for December 2024, January 2025, March, and June.
Individual stock news
1. The main fund flow data shows that Changshan Beiming had a net inflow of 934 million yuan, ranking first, followed by SAIC Motor, Wanrun Technology, Zhonggong Education, and Zhongke Shuguang with significant net inflows; Dongfang Fortune had a net outflow of 1.446 billion yuan, ranking first, with Hainengda, SMIC, Tuoersi, and CITIC Securities experiencing significant net outflows.
2. RuYuchen: The company's fragrance laundry liquid has achieved very good sales performance since its launch.
RuYuchen indicated during an institutional survey that in September this year, the company launched the fragrance laundry liquid product, entering the largest laundry liquid market in household cleaning, further enriching the product line. The company is confident in the laundry liquid market, and since the launch of the fragrance laundry liquid, it has indeed had very good sales performance. In the future, Zhanjia will continue to iterate and upgrade its products such as underwear laundry liquid, clothing sprays, and floor cleaning liquids to maintain its leading position in the niche market.
3. BOE A: Can quickly reuse the accumulation of optoelectronic conversion technology and other aspects in the research and development, production, and manufacturing of perovskite photovoltaics.
BOE A stated during an institutional survey that the main reasons for the company's layout in the perovskite photovoltaic industry are twofold: first, the new energy industry has good development prospects and broad development space in the future, with sufficient market capacity to support the company's continuous growth; second, in terms of technical principles, device structure, manufacturing processes, and material characteristics, perovskite photovoltaic cells have a high similarity to semiconductor displays. The company can quickly reuse the optoelectronic conversion technology accumulated in the development process of the semiconductor display industry, especially in the OLED display industry, and the accumulation in manufacturing processes and material applications to the research and development, production, and manufacturing of perovskite photovoltaics, combined with the company's lean management capabilities in large-scale manufacturing, to build the company's competitive advantage. In addition, the company's subsidiary, BOE Energy, also has extensive layouts in photovoltaic applications, which can generate healthy interactions with the perovskite photovoltaic project, accelerating the growth of the company's new energy-related business.
4. Antarctic E-commerce: Will continue to invest in brand image next year, possibly considering investments in social media, light box media, and other areas.
Antarctic E-commerce recently stated at a brokerage strategy meeting that this year is the start of the brand transformation of the Antarctic people, and the light luxury series company has invited spokespersons and conducted hard advertising and ladder media placements. The previous company also disclosed the ladder media placement, with a contract amount of 200 million. Next year, the company will continue to invest in brand image and may also consider investments in social media, light box media, and other aspects.
5. Yealink Network: Deep cooperation with Microsoft to jointly create corporate communication and collaboration solutions.
Yealink Network stated on the interaction platform that as Microsoft's global audio and video strategic partner, the company is deeply cooperating with Microsoft to jointly create more efficient, convenient, and intelligent corporate communication and collaboration solutions.
6. Furnace Energy: Signed (Cooperation Framework Agreement) with related parties, with a preliminary investment plan totaling 10 billion yuan.
Furnace Energy: Hong Kong China Gas Co., Ltd. and the company signed a (Cooperation Framework Agreement) on November 25, 2024, in Guangzhou. Both parties intend to cooperate jointly and are interested in investing funds in stages to establish a green fuel and chemical investment platform, introducing strategic investors from industries including but not limited to shipping companies, ship fuel oil refueling companies, etc., to collaborate in the fields of production, investment development, and collaborative industrial chain construction for green fuel and chemical projects, promoting green economic development. The preliminary plan aims to achieve a total investment of 10 billion yuan through both parties' investment, loan financing, and introducing strategic investors. Both parties intend to use the investment platform to conduct cooperation on specific green fuel and chemical investment projects through investment establishment or equity acquisition, creating a green fuel and chemical supply pool with a total capacity of 1 million tons per year.
Article forwarded from: Jin Shi Data