macroscopic
1. Bank of China Securities: The year-on-year growth rate of exports in June may bottom out. The contribution of major trading partners to monthly exports continues to weaken. The export of the automotive industry chain maintained good performance.
2. Shenwan Hongyuan: The weakening of exports in June does not reflect the sharp deterioration of external demand, but the supply competition intensifies the pressure on China’s export share. Expanding markets in non developed countries is one of the keys to breaking the export crisis.
3. Guotai Jun’an: The export growth rate continued to decline in June, indicating that external demand is still weakening. The year-on-year growth rate of exports in June or July may be at the bottom of the annual export growth rate, and the year-on-year growth rate is expected to significantly rebound by the end of the year.
industry
1. Western Securities: The high bidding volume for energy storage in China is booming, and the stabilization of battery cell prices has dispelled downstream wait-and-see sentiment. It is expected that the construction of energy storage will accelerate in Q3.
2. Shenwan Hongyuan: It is expected that the performance of the 2023H1 real estate sector will recover weakly at the bottom, and the performance differentiation among enterprises will further intensify.
3. Ping An Securities: The implementation of the “Measures” indicates that the wave of large-scale model commercialization in China is about to begin. The development prospects of the AIGC industry are broad, and we are firmly optimistic about investment opportunities in the AIGC industry chain.
Individual stocks
1. Shenwan Hongyuan: With the accelerated layout of LNG projects, offshore wind power and other emerging businesses, the performance of COOEC is expected to be driven by two wheels.
2. Bank of China Securities: Looking forward to the whole year, we are optimistic that Tongqing Building’s catering stores will continue to expand, and the demand for multi business catering banquets will continue to grow, resulting in good performance.
3. Guosheng Securities: Kweichow Moutai has outstanding performance, and the annual growth is expected; It is expected to lead the industry to start a new round of development cycle, and is optimistic about the future volume and price space of the company (Jinshi Data APP)