Has the Middle East become a “nugget” hotspot for A-share companies? In the past week, Lin Yang Energy and others have intensively won big orders from the Middle East
① Recently, several companies such as Linyang Energy, China Construction, Seiko Steel, and Jerry Co., Ltd. issued announcements announcing the signing of important orders or projects in the Middle East region, which has become a new trend in the “going overseas” boom. ② The above companies all have a certain layout in the Middle East market, and their overseas portion accounts for a significant proportion of their revenue, which shows that they have a certain degree of competitiveness in overseas markets. Currently, their expansion into the Middle East market has been further strengthened.
Guangdong issued a major policy on the low-altitude economy and commercialization of the industrial chain may have exceeded expectations
① The General Office of the People's Government of Guangdong Province issued the “Guangdong Province's Action Plan to Promote High-Quality Development of the Low-Altitude Economy (2024-2026)”. The overall target is that the low-altitude economy will exceed 300 billion yuan by 2026. ② China Merchants Securities pointed out that infrastructure construction is more driven by national and local policies, and it itself has a multiplier effect, so the low-altitude infrastructure sector will benefit first.
The Civil Aviation Administration strengthens the low-altitude flight service guarantee system design and the low-altitude economy resonates with the policy industry
① Song Zhiyong, director of the Civil Aviation Administration, published a signed article in the “Learning Times” stating that the low-altitude economy is a strategic emerging industry for global competition, and it is an important direction for cultivating and developing new types of productivity. ② Open Source Securities said that in the context of intensive policy catalysis, it is optimistic that 2024 is expected to become the year for the low-altitude economy to land, and it is recommended to focus on investment opportunities in the low-altitude economy industry where policy catalysts and industrial acceleration are accelerated.
Featured announcements | Ideal Auto cuts estimated delivery volume in Q1; CNOOC's net revenue and profit both declined in 2023
China Mobile's net profit in 2023 was 131.8 billion yuan, up 5% year on year; Ping An of China's total revenue in 2023 was 1031,863 billion yuan, up 4.74% year on year; Captain Li Ka-shing's net profit in 2023 was HK$23.5 billion, a decrease of 8.71% year on year.
China Alcoa International: Asset depreciation of nearly 6 billion yuan over 4 years, the amount in 2023 reached a new high since listing
① Significant accrued impairment of 2.5 billion yuan, a new high since the listing of China Alcoa International. ② Since its listing in 2018, the company or its subsidiaries have frequently been involved in lawsuits due to the recovery of project payments or material payments.
Intraday Overview | The three major indices weakened slightly, China Special Valuation concept stocks rose against the market, and China Alcoa International rose nearly 8%
Technology Network stocks generally weakened, with Meituan falling more than 2%; Xiaomi, Ali, Baidu, Kuaishou, etc. falling more than 1%; biotech concept stocks, Beihai Kangcheng up more than 8%, Pharmaceutical up nearly 6%, and Ziding Pharmaceuticals up more than 5%; domestic housing stocks generally rising, with Xincheng Development and Midea Real Estate up more than 2%, and R&F Real Estate and Longguang Group rising more than 1%.