SMM: last night, Pfizer in the United States and BioNTech, a German biotechnology company, announced the first results of phase III clinical trials of their partnership with novel coronavirus vaccine, showing that it was more than 90% effective.
European and American stock markets soared on the news, with the UK's FTSE closing up 4.67 per cent, Germany's DAX index up 4.94 per cent and France's CAC40 index up more than 7.57 per cent. The three major US stock indexes all hit record highs in intraday trading, with the Dow soaring more than 1600 points at one point.
Chen Zhu, an analyst at Citic Securities, said that the vaccine industry is a fine molecular track of the pharmaceutical industry, with a high threshold for competition and strict product approval, accompanied by an aging population, the catalysis of novel coronavirus's epidemic situation and the awakening of public health consciousness. its future performance is more certain, given a "stronger than the big market" rating.
It believes that novel coronavirus vaccine is expected to bring greater flexibility to the performance of relevant enterprises, and it is recommended to pay attention to Fosun Pharmaceuticals (licensed by BioNtech, exclusive development and commercialization of BioNTech vaccine products based on mRNA platform in mainland China, Hong Kong, Macao and Taiwan), Watson Biology (both belong to mRNA R & D platform, and cooperate with Eber Biology to develop novel coronavirus mRNA vaccine).
The analysis believes that the increase in the probability of vaccine landing will further deepen the expectation of growth and recovery. In addition to vaccine production related companies, mainly good for film, aviation, hotel, tourism, offline retail and other industries.
The film industry:
The epidemic has had a great impact on many industries, among which the film industry has had the greatest impact. Now that the vaccine is about to hit the ground, the industry says the film sector is expected to rebound when it hits bottom.
Guangfa Securities believes that the worst time for the cinema industry has passed, the policy restrictions have been gradually relaxed and the head film has landed, and the profitability of cinemas has gradually recovered.
For the film section, its key recommendations: Wanda Film, Cat's Eye Entertainment, Hengdian Film and Television and Light Media.
Aviation:
Citic Securities Hu Shimin said that the significant benefits in the field of vaccines are expected to further rebound in domestic demand and accelerate the recovery of the international line. Wide-body aircraft capacity back to the international, conducive to internal passenger rates and ticket prices, aviation restructuring prosperity.
Airport duty-free business is expected to accelerate the recovery, the impact of the epidemic is difficult to shake the long-term competitive advantage of airport duty-free channels, the reasonable market value of Shanghai airport may double the space in the medium term.
In addition to the Shanghai Airport, the relevant airlines are sorted out by the Financial Associated Press as follows:
Related companies:
Air China: it is the largest airline in China, the only civil airline carrying the national flag and a member of the world's largest aviation alliance, and the most leading operator of air passenger transport, air cargo and aviation-related services in China.
Huaxia Airlines: is the only independent airline focused on regional airlines for a long time, based on third-and fourth-tier cities, mainly engaged in passenger, cargo and other air transport services.
China Southern Airlines: it is the largest airline in China. The company is the airline with the largest number of transport aircraft, the most developed route network and the largest annual passenger volume in China.
Spring and Autumn Airlines: a single month of domestic operating data to become a regular worker. At the end of October, the company launched a continuous discount of 2.0 at the end of October, which may further improve the occupancy rate and aircraft utilization, and continue to reflect the asset operational efficiency advantages of the low-cost operation model.
Tourist hotels:
Industry analysts in many countries believe that the recovery of the tourism industry has a lot to do with whether the epidemic will be repeated and when the vaccine will be available.
Didier Areno, general manager of Protourisme, an independent agency engaged in tourism research in France, has previously said: "only after the novel coronavirus vaccine is released can the tourism industry really start over."
In addition, Liu Wenzheng of Anxin Securities mentioned in a research report on November 8 that the 14th five-year Plan plans to implement a paid vacation system and expand holiday consumption, which may be good for the tourism sector.
For investment targets, it is recommended that:
1. Duty-free combination: mainly recommend China Free + Wangfujing + Gree Real Estate + Zhongxin Tourism + Caesar Travel Industry;
2. Rebound of offline consumption such as catering and tourism: recommended hotel plate Jinjiang + first Travel; leisure scenic spot Songcheng + Tianmu Lake; catering plate Jiumaojiu + Haidilao + "feeding" + Guangzhou Restaurant, etc.
3. Employment service industry: continue to recommend Zhonggong Education + sharp technology, pay attention to Johnson Holdings.
Offline retail:
The sudden outbreak of the epidemic has changed the original business model, online retail is popular, offline retail is facing performance pressure.
New era Securities Research News pointed out that the role of consumption as the main engine of economic growth continues to appear, and short-term fluctuations will not change the long-term development trend. The pace of enterprises returning to work and production is accelerating, and the release of consumer demand is accelerating.
For the investment target, it thinks that we can pay attention to the supermarket plate, such as Yonghui supermarket, Jiayue, Bubugao, Red Flag chain and so on.
